763 Crazy Pull Up (1)
"It must be a big customer, but I don't know if he is interested in angel investment! No matter what, I must seize this opportunity!" the young man thought secretly in his heart.
"I see. James said casually. On the one hand, these hedge funds are not interested in orthodox economists, and secondly, which hedge fund in the market does not rely on macro strategies to obtain huge profits, and these macro strategies are naturally inseparable from the analysis of the economic situation, policies and future trends!
It's just that James has taken a big look away, although the hedge fund of macro strategy is now the protagonist of Wall Street, but in the long run, the quantitative model is the main force of the market. And their profit model does not involve insiders, nor does it involve manipulation, but only operates by capturing some mysterious "passwords" in the market, so that they can live longer and make profits more durably.
"I wonder what you think about artificial intelligence?" Seeing that James lost interest in the conversation, the young man wasted no time in throwing up a new topic, wanting to continue the conversation.
"Artificial intelligence?" James tilted his head to look at the young man, and asked with some puzzlement: "Is it the artificial intelligence that is very popular now?" I think the potential is very huge, and it is very convenient, I believe it is some kind of trend in the future. ”
Just a few years ago. The United States adopted a plan for artificial intelligence. This plan is to shift the direction of the future exhibition to the artificial intelligence industry, which James is naturally very clear, but he himself is not interested in the artificial intelligence industry, and he only learned a little bit when he was in school, so he also played haha. Vaguely responded with a few words.
However, the young man's words attracted the attention of Lin Haocang, who had not spoken. Lin Haocang knows too well the huge power of artificial intelligence, not to mention anything else, let's talk about the rich people in the future. Many of them have risen from the artificial intelligence industry, now is the Internet era, the future is the era of artificial intelligence, this revolutionary change is comparable to any industrial revolution in history.
Lin Haocang interjected: "I don't know what your attitude towards artificial intelligence is?" After that, he stared at the eyes of the young man in front of him, wanting to see what "insights" he could say.
The young man was obviously a little uncomfortable in the face of this kind of forced gaze, but he quickly reacted, turned his head to Lin Haocang and said, "According to my statistics, artificial intelligence ····· This will become a huge market, especially in the form of artificial intelligence, enterprise Internet companies must be upgraded in the direction of super-artificial intelligence, otherwise they will be eliminated"
"......" The shock in Lin Haocang's heart was incomprehensible.
"May I ask who you are?" Ignoring the politeness, Lin Haocang immediately interrupted the young man's chatter, and he asked the name of this person bluntly.
"My name is Henry Lawrence and I'm a senior vice president at Barlake Hedge Fund. Despite being interrupted, Henry Lawrence replied politely, handing over two business cards.
Sure enough, he, this person will be the leader of the artificial intelligence industry in the future, amazing!
Lin Haocang immediately exchanged business cards with him, if he starts a business in the future and needs to invest, just come to himself!
May 4th, is the first Wednesday of May, on this day this month's options will be selected, although the market has been trading in the last two trading days, but the whole day of the decline is not large, and the volume is relatively average, so the market is generally not optimistic about this day.
"Have you heard any rumors in London recently?" When it was time to open, Lin Haocang's phone called Anthony. The announcement of option exercise is an extremely important day for the London non-ferrous metals market, and its outcome will directly determine the strength of the long and short positions.
For example, if a short position is shorted and buys a long option, the number of lots is exactly equal to the number of short positions, and if he is pessimistic about copper futures for a period of time before this Wednesday, he can completely stop the loss at a fixed position by exercising the option.
For another example, if the bull buys a long option while going long, and the future trend of copper futures is the same as he expected, he can exercise the option to further increase the position and grab the maximum profit.
In short, several different strategies have been derived for different directions, including hedging, hedging, chasing after victory, and collecting when you see a good situation.
Because the risk is much smaller than direct investment in non-ferrous metal futures, and the entry threshold is relatively low, there are a large number of customers in this market, even if the main funds are in the copper market. Some people also set aside some funds in the options market.
Once the future market is consistent with the options they made, as long as there is a slight profit to be obtained, they will not hesitate to choose to exercise.
And on the third Wednesday of each month, it is the most important day in the copper futures market, because on this day has announced that the customers who have exercised the options will enter the market in large numbers, if the number is too large, even the main forces of both sides sometimes have to retreat, temporarily avoiding the edge of these new entrants.
The reason why Lin Haocang asked this is to inquire about the wind direction in London recently, if there are more bullish options. Then he can consider pulling up the price of copper. When the time comes, there will be another new force to act as an ally. If there are more bearish options, then he can consider avoiding them first and then pulling them up when the time is right.
"Uh......" is a relatively high level of confidentiality information for this option, and Anthony has no way to find out for the time being. However, after a long time of hesitation, he still said: "There is no reliable information on the specifics. Both days were high open. But it's all the bears who have the upper hand, I wonder if it's building momentum for future execution?"
"Really?" flew from Scotland to England in the past two days, and participated in a series of activities. After coming back, he had to study his homework during the day, Lin Haocang really didn't have time to think about the problem of copper, after Anthony reminded him, he woke up, and quickly turned over the trend of copper in the last two months, and focused on analyzing the market situation in the past two days, and said to Anthony thoughtfully: "Although the fundamentals are good during this period of time, the fluctuation of copper prices is not too large, and the trading volume is at the general level, it seems that the market is brewing something." ”
"What's brewing?" Anthony hurriedly asked. He was most convinced of Lin Haocang, so when Lin Haocang said what he thought, he hurriedly asked.
Lin Haocang on this side scratched his head, and some couldn't answer. He just intuitively felt that the fluctuation of copper prices should not be so, although he did not get involved in the copper futures market in later generations, but he also knew about Yokono Yamashima, this "genius" trader used a large amount of money to make many predators, including Williams Fund, helpless against him, although the fundamentals are not conducive to copper, but "nine percent" Still stubbornly pulling the price of the near-month contract to an unbelievable point, the two sides fought several times, if it weren't for the interference of 1me and Chiba Trading Company in the end, it was really hard to say who would win and who would lose in the end.
"How much copper has been collected?" After thinking for a long time, Lin Haocang finally gave up in despair and asked about the acquisition of copper instead.
Anthony sighed and said dejectedly on the phone: "It didn't go very well, except for those accumulated in the early stage, there were not many contracts willing to be delivered in April, maybe they also saw the fundamentals improve, so they finally withdrew the sell order." The inventory of 1me has continued to increase in the past two days, and I don't know if it is due to this reason. ”
"Really?" Lin Haocang was keenly aware that there was a problem here, and asked urgently, "How about the increase, and what is the latest month when the contract volume has increased rapidly?"
Anthony didn't react a little, and then there was a rustling sound on the phone, and Lin Haocang waited for five minutes before Anthony's voice came back from there: "The inventory of 1me increased by ····· in April"
"And it stopped three trading days ago. ”
On the one hand, he couldn't understand the disk, and on the other hand, the purchase of copper was blocked, so Lin Haocang was a little speechless. But he soon realized that he was too worried, and even if someone deliberately suppressed the price of copper, he would not lose anything. Compared with the current position of only a few hundred lots, even if it suddenly plummets, he can forcibly pull up the price of copper, after all, the 1ME system is not a daily settlement, as long as the copper price is raised before delivery.
"Keep observing, I'll rest first!" Lin Haocang irresponsibly dropped such a sentence, and rested first, the non-stop running around in the past two days had made him very tired, so he didn't have the heart to think about what was going on in the copper market anymore.
Anthony listened to the beep on the phone, and for a while he couldn't laugh or cry. He originally wanted to explain to Lin Haocang the transaction of the first two days, although it was a slightly loss-making situation, but the process was tortuous and bizarre, but before he could say it, the owner fell asleep irresponsibly. After hanging up the phone, Anthony immediately changed his expression and shouted energetically to the traders who were already eager to try: "Boys." Ready to enter!"
……
Not far from Anthony, at the base camp of the Chiba Trading Company, Yokono Yamashima gathered all the traders together, and said with an extremely grim face: "Gentlemen, there is a very good period of raising the price of copper, and we must not only raise the price of copper to a new height in the short term, but also maintain this price. Now our position is very low, and at the moment our main direction is bullish, and the copper price in the market is very low, which is obviously very unreasonable. The important thing is that the fundamentals are also good for longs. The most important thing now is to mobilize all forces. Go and ask your broker about options, be sure to find out, understand?"
"Yes!" dozens of traders in the audience bowed their heads in unison, and left the venue quickly and orderly after Yokono Yamashima finished speaking.
Although their broker is Copper Futures. But that doesn't prevent them from looking for information on copper options. After all, Chiba Trading Company is a first-class customer for many brokerage companies. And there are some personal relationships between brokers, although this behavior is a little unauthentic, but in this market how can there be room for authentic people to survive.
Soon. The news that these traders heard was summarized on Yokono Yamashima's desk. After reading the thick stack of papers, Yokono Yamashima lit a cigar and didn't smoke it, letting the green smoke linger in the office.
"Watanabe Village, do you see the problem?" Yamashima Yokono nodded the table and motioned to the person opposite to take a look at the incomplete stack of information. The reason why it is incomplete is that even for options brokers, it is difficult to know the selection of the option buyer, only the exchange knows best. But these brokers are still able to catch a little bit of relevance through the information between the lines.
The man called "Watanabe Village" by Yokono Yamashima is called Jiro Watanabemura, a young man with an energetic and keen sense of smell, who dares to fight hard and dare to gamble, often placing heavy bets, sometimes even reaching ninety percent of positions, which is a number that makes many futures traders jaw-dropping.
In addition to the heavy position, this Watanabe Murajiro is also particularly good at the market, he has avoided the past several times when the market is reversed, and in the subsequent rebound, he can also catch the fluctuations in time, which makes Yamashima Yokono look at him very differently, and often cultivate him intentionally or unintentionally.
Watanabe Murajiro took the report, and although he had read it before, he still pretended to look at it for a quarter of an hour with interest, and then raised his head with a puzzled expression on his face: "There is nothing special, I can't see who executed it and who didn't choose to execute it." ”
"You're wrong!" Yamashima Yokono shook his head slightly with a mysterious smile on his face, obviously disapproving Watanabe Murajiro's analysis: "This report really doesn't tell us anything, but we must combine the recent market trends to see the mystery!"
"Oh?" Watanabe Murajiro's face changed, tilted his head and thought about the market in the last few trading days, there is nothing special now, it is basically a very flat situation, the trading volume is also very average, and there is no obvious sign of support for the rise in various technical data, but combined with this report...... He was confused!
"One of the possibilities is that the bears are continuing to suppress copper prices, so as to form the fact that copper prices are sluggish in a short period of time, and then continue to put pressure on the bulls through the positions of high bears, and finally maximize profits under the double pressure. It's just a possibility, but I personally think it's the biggest possibility!"
"What?" Watanabe Murajiro's face turned blue, he is also a battle-hardened trader, so he naturally knows that there is such a trick, that is, while shorting the copper price, he buys a large number of short orders at a high level, and when the futures price is maintained at a relatively low position, he earns the corresponding spread by exercising the option.
And if the copper futures price can be suppressed at a very low volatility and low price for the whole of April, how many options may accumulate in the options market? At the thought of this, Watanabe Murajiro shuddered!
"This time, we are going to set a trap for the bears and let them know who is the boss in the copper futures market!" Yamashima Yokono showed a smug look on his face, he was already familiar with the various strategies and traps in the futures copper market, and this time he didn't know who designed such a plan, but it was captured by Yamashima Yokono, who had an extremely keen sense of smell.
Seeing his boss show this smile, Watanabe Murajiro felt a chill in his heart, as an assistant who had followed Yokono Yamashima for the longest time, he was too familiar with the psychology of his boss when he showed this expression.
……
London, although it is late at night, but the financial street lights are still bright, many office buildings are lit up all night, money never sleeps, and these people who pursue money must follow the footsteps of money, so large investment banks have opened different branches in different capital markets, such as in New York, in London, in Tokyo, in Jiangdao and so on. However, due to geography, cost and other relationships, the United States itself is still their most important root base.
However, for the fund industry, it is completely unnecessary to set up a separate office space in other regions, after all, the current investment method has become increasingly electronic, and although the transaction on the floor is still retained, it obviously cannot keep up with the matching degree of electronic disks. The issue of jet lag is a minor issue, as these people on Wall Street are workaholics, and they have long been accustomed to working in different markets.
Williams took a cup of steaming coffee, and after taking a sip, his brows furrowed: "This taste is not authentic enough, it should be a problem with the coffee beans." "Subconsciously pour a whole cup of coffee into the pool.
He has formed his own unique taste for the pursuit of a high standard of living, and ordinary coffee cannot enter his eyes at all. But after shaking his head, he made another cup of coffee, only this time with two extra spoonfuls of milk.
"How's it going, boys?" When Williams walked into the trading floor, the originally noisy hall suddenly fell silent, and there were a dozen energetic young people here, who were enthusiastically discussing yesterday's market.
Hearing Williams's question, the young traders first looked at each other, and then one of the slightly older traders stood up and said: "Stanley, it seems that the main bears have been forcibly suppressing the price of copper futures recently, is the point we are discussing is to take the opportunity to pull up the price of copper, so that we can sell some of the positions we held before?"
Even with deep pockets, these traders are very careful about their positions, both because they have to be aware of the impact of market price fluctuations on their positions, and because they take up a lot of margin.
"Reducing your position? That's a good idea! What about the others?" Williams replied noncommittally, then asked the others.
A white analyst with a somewhat thin figure stood up, habitually pushed the thick glasses on the bridge of his nose, and said with a serious expression: "According to my analysis, the reason for the decline should be artificial manipulation, because judging from the fundamental news, there is no reason for copper prices to fall." It is believed that copper prices may continue to fall in the coming period, because options are about to be announced, and although the decline is not obvious during this time, it is likely to be a strategy of the bears. ”
As soon as his words came out, the other traders stopped talking and lowered their heads to think about this possibility.
Even if they can call for wind and rain in the capital market of the United States, these elite traders are immediately dumbfounded as soon as they arrive at the copper futures market, and the original strategies cannot be applied in this market at all, and the daily new opening and delivery system also makes them uncomfortable. Of course, there is nothing more than the fact that there is no limit on the number of lots that can be held.
Due to the strong hedging effect of many markets in the United States, hedging accounts and speculative accounts are defined, and the number of lots held is also mandatory. Most importantly, the country's laws impose strict penalties on futures manipulation, so even these hedge funds do not dare to blatantly raise and suppress futures prices, even if such behavior is generally difficult to convict.
However, in London, none of this is a problem, and even the settlement is not done on a daily basis, which makes them very happy with their abundant funds. What kind of concept is this? That is, if you have an overwhelming financial advantage, you can arbitrarily raise the price of copper or other non-ferrous metals to any favorable height.
Of course, this is only a theoretical possibility. If someone dares to hold a lot that can directly affect the price fluctuations of the market, then he will soon become a public enemy of the market, and I am afraid that most of the people in the market will attack him frantically.
"Anything else?" Williams continued, he had thought of the possibilities, and now he wanted to hear what other good ideas the men had with them.
"If someone quietly buys long orders at a low level, on the surface, they are suppressing the price of copper in the future, and when his long orders are absorbed to a certain extent, they will suddenly pull up the price of copper, so that these long orders can be profitable immediately, isn't it a very simple reason? Everyone was a little stunned for a while, and they all looked up, and now it turned out to be a trader who was doing debt, standing two or three meters away from their group of people with his neck crooked, holding his hands on his chest and sneering on his face, looking at this group of non-ferrous metal traders with disdainful eyes.
In May, Europe's bond market has somewhat halted the trend of soaring yields, after all, Europe's fundamentals are good, and central banks have invariably begun to cut interest rates, because the consequences of the withdrawal of funds from the United States are gradually fading, and some bold funds have begun to re-enter the European bond market.
These traders are in charge of bonds, and in their opinion, bonds are the first choice for making profits. Of course, those who do foreign exchange, futures, and even stocks think that their own varieties are the first choice to make profits, and it is natural for the two sides to look down on each other.
"Gilbert, shut up for me, you son of a bitch, get out of here for me!"
Even within a fund, they sometimes compare each other's performance and dividends, and the fixed income department has been bullish in the past two days, first making a lot of money in the British bond market, and then making a lot of money in the bond market of France, Germany and other countries. Despite the bond crisis that shocked the world in February, March, and other months, Williams Fund sold its portfolio of U.S. bonds in January, but inevitably lost a large amount in Europe.
Therefore, every time Gilbert passed by the commodities department, there were always a few traders who said strange things in a weird way, and naturally teased the employees of the fixed income department, which made Gilbert and his colleagues very angry.
Even last week, they had a big fight at a fight club on the outskirts of town, and of course, both wore thick protective gear. In this way, traders keep their morale high so that they are not overwhelmed by mountains of pressure.
When Gilbert had the opportunity to hurt traders in the commodity market, he immediately and unceremoniously sarcastic. It's just that what he said are some simple trading skills, how can these traders here not know.
That's why different industries have different strategies. Take copper futures as an example, this market can only follow the trend, that is, through fundamental analysis to determine the future trend of copper, and can not affect the price through forcible manipulation, even if it can reach the ideal price for a while, the future price will definitely return to the price reflected by the fundamentals.
For example, if the copper price of the forward contract is $2,500, the price of copper 3 is $1,800, and the difference between the two sides is as high as $700, it is easy for arbitrageurs and bettors to enter the market.
Gilbert had just made a moment, but he didn't see Williams, and when he saw the commodities traders talk back, he was about to fight back a few more words, and then he saw Williams turn his head and shrug at him. Seeing that the big boss was making a helpless gesture, Gilbert crooked his mouth and walked out with a sense of humor.
"Actually, what he said is not wrong, we have been buying copper futures contracts for June and July at a low price all this time!" Williams turned his head and pretended to be tacit, causing the traders who had just been angry to burst into laughter.
"Excluding the housing starts, crude oil and other big factors, you have noticed that there are people quietly buying copper in the market, which may be short or long, in any case, our future strategy will not change. ”
"In addition, it must be explained that if you can borrow leverage from a broker, don't be stingy and try to amplify the leverage, so that our returns will be greater, understand?"
Williams was left with a group of traders who were busy making phone calls, and now that the copper market is about to open, they must get their work ready as soon as possible.
……
On May 3, the day of the announcement of the right to execute, the market surprisingly did not fluctuate much, the price of copper futures only fell slightly, and then on the second trading day, the price of copper rose a little, this kind of calm rain made many investors mutter, do not understand what is going on.
Soon, on the day of May 8, the price of copper futures began to fluctuate violently!
On Friday, May 8, the opening price of Copper 3 was $5,974, which was basically the same as the closing price of the previous trading day.
"Today will be the day of the release of the economic data of the United States in April, according to the data of the first three quarters, even if the growth of this month slows down, the data such as the housing start rate will inevitably increase sharply because of the beautiful data in the first quarter, so this period is the best time to raise the price of copper!" Some time ago, we have accumulated a large number of long positions in the copper 3 contract in June and July, with an average price of about 5965 and a scale of about 200,000 lots, and these positions will be a major profit point for us in the future, so from today, starting with non-ferrous metals, we are going to earn back all the losses in the first quarter, do you understand?"
"Yes, boss!" shouted the eager traders as if they had been beaten with blood. There is no need for Williams to say anything more about the rest of the matter, as long as they continue to open positions to raise the price of copper, they have already negotiated a charter for this kind of tactical matter.
"So what are you waiting for, boys, let's get started, now!" Williams waved his hand and motioned for the traders to get to work!
……
In London, the trading hall of Chiba Trading House, almost at the same time, all the traders were called into a small conference room by Yokono Yamashima. He was giving a pre-war lecture.
"According to my information, there has been a bull in the market recently quietly absorbing chips, the current market open interest has exceeded 500,000 hands, it seems that it will not be long before they have a large-scale war, I estimate that in these two days, that is, the day of the release of April economic data in the United States. But gentlemen, our goal this time is not to fight against them, but to work with them to raise the price of copper, because I got another piece of news, which was on the last option announcement day. There are a large number of bearish forces who have chosen to execute. That's big enough for us to make enough profits, so we have to go with this bull rally during this time, you know?"
"In addition, in the process of pulling up, we have to try to accumulate as many orders as possible. Because according to my estimates. This wave of market should not end anytime soon. After all, the demand for copper in the market is very strong at the moment, and even the fundamentals are supporting us. In addition to dealing with the bears, we also need to beware of other bulls. But I believe that you are all experts and will not be deceived by other forces, right?"
The traders of the Chiba Trading Company present laughed, yes, in terms of cunning, they are not necessarily the most cunning in this market, but in terms of strength, they are definitely the strongest in this market, just by virtue of their financial advantage is enough to collapse a single opponent, and there is also a Yamashima Yokono who has a strong influence on the direction of the market!
……
"Boss, the copper market has changed, are we going to do something?" As soon as Lin Haocang returned to the apartment, the phone inside rang non-stop, he couldn't help but wonder a little, it stands to reason that he had already instructed Anthony not to look for him if there was nothing special recently, and now it seems that there must have been a major change in London.
"What kind of change?" Lin Haocang casually pressed the hands-free button, then turned on the computer, and then sat on the seat with a cup of steaming coffee, ready to stretch comfortably.
The voice on the other end of the phone was a pause, and then Anthony's voice immediately rang: "Boss, are you finally back?" He has been calling the Scottish side for more than ten minutes, but the answering machine has been working, but now the market is changing rapidly, and he can't make up his mind, so he can only dial the number over and over again.
"Something to talk about!" Lin Haocang interrupted his nonsense angrily and asked concisely and clearly.
Anthony here smiled bitterly and said: "Today's copper 3 opening is the closing price of the last trading day, after the opening only slightly fell by two points, and then it turned sharply, all the way up, and now it has reached the position of 5990 US dollars, it seems that it will continue to rise, and at the same time, the trading volume is rapidly enlarged, and the market has formed a strong bullish sentiment!"
"Really?" Lin Haocang replied casually, looking at the real-time data on the computer, he finally realized that something was wrong, "Is this the time to move?" he thought secretly.
"Anthony, how many of our contracts in June have not been closed?" Lin Haocang thought for a moment, and then asked Anthony.
Anthony was obviously prepared for this question, and when Lin Haocang asked, he said without thinking: "At present, there are 300,000 open long contracts, and the average price is $5,970, and there is currently a floating profit......
He is talking about the account of Sky Capital, this account has always been his operation, for other funds, he is strictly in accordance with Lin Haocang's plan, so far he has received a large part of the cash copper, but these involve physical delivery, there is no leverage, this part of the funds occupied more than his option funds.
"Your side continues to hold long positions, and at the same time open long positions and go long. Remember, you must steadily raise the price of copper, and don't become the main force in the market, otherwise you won't know if you are sold by others!" Lin Haocang said thoughtfully.
He doesn't have enough money, and he won't choose to go head-to-head with the main players of the market this time, and it would be bad if he messed up, after all, his operational funds are only billions of dollars.
Although the current rally is fierce, who knows whether this is a ploy by the bulls? The bulls have sharply raised the price of copper in a short period of time, and at the same time attracted the attention of other forces in the market by taking the opportunity to lower their positions, which is a common trick in the futures market.
What Lin Haocang didn't know was that the two bigwigs in this market had decided to raise copper prices at the same time, and they had accumulated a large number of long positions before that, and they would definitely not let copper prices fall.
"Okay!" Anthony replied, and then Lin Haocang heard him shouting loudly on the phone: "Trade quickly according to everyone's permission, change hands every three prices rise, and reserve the last hand as a position for the scale of 10,000 lots, and throw the others out immediately." ”
Lin Haocang, who heard Anthony's order, shook his head slightly, I have to say that Anthony's strategy is a bit conservative, but at all times we must maintain a sense of awe for the market, which is a mentality that people who do futures should maintain, and Anthony has undoubtedly done a very good job in this regard.
Here he had already connected Wallace's phone, "Mr. Lin, what is the commission?" As soon as the phone was connected, Wallace's slightly hoarse voice rang, and Lin Haocang was stunned when he heard it, and he didn't think about it, and asked casually: "Wallace, what's wrong with you?"
"The market has fluctuated violently, and my phone is about to burst!" Wallace said with a sigh of resignation.
While he was talking, Lin Haocang heard an exclamation on the other end of the phone, and someone inside shouted loudly: "It's over 6,000, oh my God!"
Lin Haocang hurriedly put his head in front of the computer, and the current price of copper 3 has passed the $6,000 per ton mark, and what is even more surprising is that the price is still rising.
"Buy another 100,000 lots, market price entrustment, main month, now!" Lin Haocang no longer had the heart to comfort Wallace, and after quickly placing a trading order, he stared at the real-time data on the computer.
Wallace on the other end of the phone didn't say much, and after receiving the commission, he began to make phone calls and match. At such times, time is money, and he knows it better than anyone else.
Not long after the copper price just broke 6000, the bears suddenly pounced, and at the price of 6000 US dollars, they were beaten by the sudden bulls, and they could not organize any offensive at all.
Having said that, when the two main bulls in the United States and London were in the market at the same time, the market's low-priced short orders were quickly swept away by them, and the price skyrocketed by $20 in an instant, which is not over, the price continued to rise.
This mobilized all the emotions of the market, usually cruising in the direction of the main force of the followers immediately understood, the main force has a big move, although they do not understand what the main force is, the specific price to rise, but these can not stop them from quickly opening long positions, and these people's biggest ability is to see a good to close, after earning dozens of dollars per hand, wait until the position of 2ooo dollars began to close their previous positions.
In this way, there is some pressure on the bulls to pull up, and at the same time, coupled with the opportunity of the bears, the market is in a state of see-saw for a while, and even some small customers who think they are smart have opened new short positions at the position of $6,000. In their opinion, the price of copper has not fluctuated too much in recent times, and it is rare to fluctuate so much today, and now is the time to short. It's just that these short orders that have accumulated for a long time happened to meet Lin Haocang's new long orders, and it didn't take long to be eaten up, and it only took five minutes for these short orders to play a role in suppression, and the copper price only hovered at the $2,000 position for a while, and then rose again.
"Open another 50,000 lots and more orders!" Lin Haocang saw the real-time data uploaded from the computer here, and his heart was settled, and he couldn't help dialing Wallace's phone again and giving instructions for trading again.
……