390 earned $160 million, and Yaobing Fund lost $50 million

At this moment, in a building on Jiangdao, Wang Yaobing did not go to dinner, but stayed in his office, looking at the USD/CAD chart with a somewhat heavy face.

Their Wang family is one of the top ten conglomerates in Jiangdao, and his father is the fifth richest person in Jiangdao, with a net worth of up to $6.6 billion!

As the second son, Wang Yaobing does not plan to inherit the family's business, but intends to realize his dream and make a big career in the financial industry!

Some time ago he formed his own hedge fund with a registered capital of $10 million, which he paid out of his own pocket.

And many of Jiangdao's friends have invested in him, and even his brother has invested tens of millions of dollars in him!

And he used his father's connections to let some insurance fund companies, asset management companies... All invested in his fund!

The establishment of the second son of the Wang family can be described as huge!

The hedge fund he established is called 'Yao Bing Fund', and for his clients, his Yao Bing Fund charges very little management fees every year, and the profit commission is 20%!

He was long USD/CAD before, but last night the Bank of Canada president verbally suppressed the Canadian dollar, causing the USD/CAD to skyrocket, making Wang Yaobing's fund make a big profit of $100 million!

However, the governor of the Bank of Canada is just verbally suppressing the Canadian dollar, and the news will pass, and the USD/CAD will still fall back, so today he plans to short the USD/CAD!

He now has a short position of 20,000 lots of USD/CAD in his account, and a fluctuation of one pip is a profit or loss of $200,000.

Today, the USD/CAD has not fallen below the 1.0400 position, and many times it has been supported at the 1.0400 level, and the trend has not met his expectations, which makes Wang Yaobing more and more impatient, and even a little annoyed!

He took a deep breath and said secretly: "You can still continue to increase your position and short!"

Thinking of this, he clenched his fists and muttered, "Wait patiently, I'll earn another 100 million tonight!"

Because he made 100 million US dollars last night, and his 'Yao Bing Fund' has earned 150 million US dollars since its establishment, so this morning, several insurance company customers made additional investments, making his 'Yao Bing Fund' capital scale as high as 500 million US dollars, according to the current exchange rate, it is nearly 4 billion Chinese dollars, and now his second son is also a financial tycoon!

Time passed slowly, the USD/CAD rose, and it seemed that the opportunity to increase the position had come, so Wang Yaobing waited!

10 minutes later, USD/CAD rose to 1.0440, and Wang Yaobing immediately began to increase his position to short USD/CAD!

However, USD/CAD seems to be quite strong, and after Wang Yaobing shorted 30,000 lots of USD/CAD, USD/CAD actually rose by 10 points.

Now he has a short position of 50,000 contracts in his account for USD/CAD, with an average opening position at 1.0440, a profit or loss of $500,000 for one point, and a temporary loss of $5 million.

At this time, Wang Yaobing felt a little hungry, so he called his beautiful secretary and asked her to buy him a dinner.

Five minutes later, USD/CAD rose another 10 pips to the 1.0460 level!

After 10 minutes, USD/CAD continued to rise sharply, reaching the 1.0500 level!

A bead of sweat appeared tightly on Wang Yaobing's forehead, and his back was a little cold!

Now he has a floating loss of 60 points in his account, a total floating loss of 30 million US dollars!

At this time, the beautiful secretary who bought fast food downstairs walked into Wang Yaobing's office and said, "Mr. Wang, your dinner!"

"Let this go!" Wang Yaobing had no appetite.

"Yes, Mr. Wang!" The beautiful secretary put Wang Yaobing's dinner away and carefully withdrew.

After the beautiful secretary left, Wang Yaobing thought about it and set a stop loss at the 1.0540 level, which would trigger his stop loss as long as the USD/CAD rose to the 1.0540 level.

···

At this moment, after Lin Haocang and Guan Yan finished dinner, they returned to the Sky Capital.

Lin Haocang and Guan Yan went to the trading room first to take a look, and saw that many novice traders were training seriously, Lin Haocang was very satisfied, so he returned to his office.

Open the USD/CAD chart, and find that the USD/CAD has risen to 1.0500, and he holds a long position of 80,000 USD/CAD in his account, opening a position at 1.0410, fluctuating one point is a profit and loss of $800,000, and now there is a floating profit of $72 million.

Guan Yan poured a cup of tea for Lin Haocang, walked over with a teacup, and saw Lin Haocang smiling, as if he had made money, so she asked curiously: "Chairman, you are smiling so happily, are you making money?" When eating dinner before, Guan Yan learned that Lin Haocang was an investment genius, not only instructing the operation of Sky Capital, but also doing the foreign exchange market.

"Well, I made a little bit!" Lin Haocang took the teacup and took a sip gently.

"How much is a little bit?" Guan Yan was extremely curious.

"$70 million!" Lin Haocang shook his neck slightly, looking insignificant $70 million.

Guan Yan was immediately stunned!

The heart is surging again!

$70 million is just a little?

70 million US dollars is more than 500 million Chinese dollars according to the exchange rate!

More than 500 million Chinese dollars is just a little bit in the eyes of the chairman?

Oh my God!

What kind of existence is the chairman?

Guan Yan's mouth opened widely, she couldn't help but get up, she couldn't help but kiss Lin Haocang, "Senior brother, you are so amazing!"

"Uh, no, you're amazing, chairman!"

"I still have some things, I'll go back to the office first, you're busy, you're busy, hehe!"

Guan Yan was very embarrassed, she hurriedly ran out of Lin Haocang's office and took the initiative to work overtime, after all, she had some things to deal with.

Lin Haocang looked at Guan Yan's appearance, smiled, and then wiped his left cheek.

Guan Yan sent it to the door, and he naturally wanted to eat it.

This Guan Yan is his senior sister at Shue Yan University, and to be honest, it makes him feel like a senior sister in it, and the feeling of being teased by a senior sister is really good.

····

Time passed slowly, and after USD/CAD oscillated at the level of 1.0500 for half an hour, an important economic data was released in Canada.

Canada's retail sales in November MoM!

Previous: 0.3

Forecast: 0.3%

Published value: -0.3%

Bearish for the Canadian dollar, bullish for USD/CAD!

Suddenly, USD/CAD skyrocketed!

In 10 minutes, it rose by 100 points and rushed from 1.0500 to 1.0600!

Lin Haocang's account has an additional profit of 80 million US dollars, and a floating profit of 152 million US dollars!

After 10 minutes of oscillation at 1.0600, USD/CAD rose by another 15 pips, rushing from 1.0600 to 1.0615!

Lin Haocang immediately closed the 80,000 long orders in the account, causing the USD/CAD to fall by 10 points!

His average closing position was at 1.0610, he made a profit of 200 pips and earned $160 million!

The net value of the account was as high as 960 million US dollars, and Lin Haocang immediately withdrew 60 million US dollars, leaving a net value of 900 million US dollars!

The withdrawal arrived quickly, and more than 460 million were credited to the bank card, plus the original 500 million, for a total of more than 960 million.

Lin Haocang transferred the mantissa of 6.8 million to Luo Xueqiong's bank card, leaving 960 million in his bank.

···

And at this moment, Yaobing Fund, Wang Yaobing slapped the table hard, but he didn't expect the USD/CAD to skyrocket again tonight!

Fortunately, he set a stop loss at 1.0540, and when USD/CAD skyrocketed, his stop loss was triggered, but USD/CAD rose too fast, resulting in an average closing position of 50,000 short orders in his account at 1.0560, losing 120 pips, a total loss of $60 million!

This made Wang Yaobing very unwilling, he wanted to make an ultra-short-term, cap the USD/CAD, and earn back a little money!

Immediately he shorted 50,000 lots of USD/CAD near the 1.0600 position, and then USD/CAD fell by 40 points, Wang Yaobing hurriedly closed the position, but when he closed the position, USD/CAD rose again, and he only made $10 million back.

That's a loss of $50 million tonight.

With a sigh, he began to eat his dinner.