524 lost $2.4 billion to survive with a broken arm

Hu Xiaowei walked back and forth in the trading room to release the depression and tension in his heart.

He held his left hand tightly, kept his face calm, lowered his head, and looked at the screen from time to time.

At this time, a trader anxiously asked: "Manager, what should we do now?" Now that EUR/JPY has fallen below the support levels, the bulls in the market today have almost collapsed, and EUR/JPY has fallen by 180 points today, which is really unimaginable.

Now the floating loss in their account is as high as 1.68 billion US dollars, it is terrible to think about it, he doesn't know what to do, seeing that the manager Hu Xiaowei has not made a decision, he is also very anxious in his heart.

Is it stop loss, or continue to resist?

Another veteran trader asked nervously: "Manager, the current trend of EUR/JPY is becoming more and more unfavorable for us, should we stop the loss?"

Now the bulls in the market are almost unable to resist the attack of the bears, and they are currently losing 210 points in their accounts, with a total floating loss of 1.68 billion US dollars, and the EUR/JPY is still so weak, if the EUR/JPY continues to fall sharply, then the losses in the account will break 2 billion US dollars in minutes, and it is terrifying to think about.

He felt that they must have done something wrong this time, because the direction of the market was completely contrary to their original idea.

Now endure the pain and stop the loss, and survive with a broken arm is undoubtedly the most rational choice.

Hu Xiaowei listened to the old trader's words, and fell into contemplation again, his fingers pressed his sun hard, and his heart struggled more and more, as if ice and fire converged...

At this time, EUR/JPY fell by 10 points again, from 125.40 to 125.30!

Hu Xiaowei's heart became more and more panicked!

At this time, another trader said: "Manager, the 125.30 position is the support level formed by the 10 moving average in the daily chart, there should be support here! After all, the EUR/JPY has fallen by 260 points since yesterday, and there must be a large number of bulls gathered here near the 125.30 position, if the bears in the market do not break through this position, they may retreat, and then the EUR/JPY may rise again!"

The 125.30 level is located in the support zone of the 10 EMA on the daily chart, which should have strong support, and if the bears retreat, EUR/JPY will be completely supported.

"Well, indeed, it makes sense!" Hu Xiaowei looked at the computer screen, the daily chart of EUR/JPY, at 125.30, is the support level of the 10 moving average, and it may really support EUR/JPY!

The trader's words suddenly made Hu Xiaowei feel a lot of hope in his heart, so he hurriedly said: "Keep holding!"

Time passed slowly, and the EUR/JPY pair was indeed supported at 125.30.

···

At 8 p.m., EUR/JPY rose by 70 points, rushing to 125.30 to 126.00!

At this moment, in the chairman's office, Lin Haocang did not expect the euro/yen to rebound and rise by 70 points, shook his head, and he got up and poured a cup of coffee.

At this time, Mo Yayu's text message came again, "Hey, are you busy?"

"Are you busy?", "What are you doing" are all exposing their sense of need, Lin Haocang smiled slightly, and began to chat with Mo Yayu.

Mo Yayu is very curious about himself now, and likes to ask this and that, Lin Haocang naturally unceremoniously pretended to be an X in a low-key way.

···

At this moment, Symmetry Investment Company, Hu Xiaowei watched the EUR/JPY rush to the 126.00 position, and suddenly his heart was overjoyed, and he hoped more and more!

"Keep going up for me!"

"The bears have retreated!"

"The bulls are starting to fight back!"

··

Half an hour later, the EUR/JPY was suppressed again, failed to stand at 126.00, and fell another 50 points to 125.50, which made Hu Xiaowei feel a sense of loss in his heart!

"Damn, how can the bulls in the market be so vulnerable!"

"Hateful!"

····

Time passed slowly, and the EUR/JPY pair was moving in the range of 20 points from 125.40 to 125.60.

It's the next day, Thursday, April 8th!

At 9 o'clock, Dongying released an economic data.

Dongying February Trade Balance··

After this data, EUR/JPY turned around and fell 30 points from 125.60 to 125.30!

Back here at the 10 EMA, EUR/JPY is weak at the moment and looks like it could break below the 125.30 level at any moment!

Hu Xiaowei looked at the chart of EUR/JPY in horror, and he was terrified, he knew that once the EUR/JPY fell below the 125.30 level, it was very likely that there would be a big fall!

"Hold on!"

"You have to hold on!"

"Give me a rise back!"

Hu Xiaowei clenched his fists, gritted his teeth tightly, and stared at the EUR/JPY chart with his eyes!

As the clock ticked by, the EUR/JPY pair was supported at 125.30 and rose 20 pips back to 125.50!

Hu Xiaowei suddenly breathed a sigh of relief, looked at the time, it was already lunch time, so he hurriedly went to have a lunch.

··

After the opening of the European session in the afternoon, EUR/JPY began to fall again, and after 10 minutes, it fell back to the 125.30 level!

But EUR/JPY is once again supported here, and Hu Xiaowei is still nervous!

Time was slowly ticking, and by 6 p.m. the EUR/JPY pair finally broke below the 125.30 level, and 5 minutes later it fell by 30 points to the 125.00 level!

"No, no, no! How can this be? Why are the bulls in the market so vulnerable?" Hu Xiaowei was terrified.

Now they have a floating loss of 250 points in their account, for a total floating loss of $2 billion.

He regretted it very much in his heart, hated himself for being stupid!

··

"Manager, what should we do now?"

"Manager, do you want to continue to resist?"

"Manager, EUR/JPY has fallen below the 10 EMA!"

··

The traders watched in horror.

Now the floating loss in the account is as high as 2 billion US dollars, it is unimaginable that it will lose so much money!

··

Hu Xiaowei sighed and said, "Close the position!" Now that the EUR/JPY pair has fallen below the 125.30 level, there is little power that can stop it from falling, and now it's time to survive!

"Yes, manager!" the traders frantically began to close their positions!

EUR/JPY suddenly began to fall sharply!

Under their liquidation, EUR/JPY fell by 100 points to the 124.00 zone!

The average closing position of the 800,000 lots of EUR/JPY in their account was 124.50, and they lost 300 pips, a total loss of $2.4 billion!

The original $4 billion account now has $1.6 billion left.

What a loss!

The loss rate is as high as 60%!

Hu Xiaowei's heart ached!