At present, there are three different trading modes for LME copper, namely electronic trading, over-the-counter trading, and on-exchange trading. Among them, over-the-counter trading, also known as office telephone trading, is ostensibly a transaction between brokerage companies, but in essence, investors are trading through brokerage companies, and this over-the-counter trading model is a global 24-hour uninterrupted transaction.

In the morning, Sid led everyone to open a short position, as soon as the opening disk dived, immediately fell 50 points, everyone did not have time to taste the fruits of victory, the short order that appeared in the handicap was eaten instantly, and a long white line was instantly pulled up on the score chart, straight to the $5000 integer mark.

According to Sid's strategy, traders continued to increase their positions and short, and the intraday bears once mastered the situation, but the main force of the bulls exceeded imagination, and finally a large number of buy orders pulled the price up again.

Because of Sid's wrong strategy before the market opened, traders liquidated their positions one after another during the session, and before the market closed, the position of the panther was liquidated by the brokerage company.

Sid wanted to show his value in front of his boss, but he didn't expect to die before he got out of school. Although OTC trading can be traded 24 hours a day, today's trading is over for them.

After the traders left, Sid sat alone in his office, staring at the monitor in frustration, his face gloomy, how could he still blow up his position when he had inside information? Could it be that he was "infernal affairs"? He couldn't figure out what was wrong!

Sid numbly picked up the coffee on the table that had long been cold, and the coffee he drank every day was so bitter at the moment......

Just as Sid was basking in the pain of defeat, Gao Renqiang knocked on the door and walked in.

"The boss asked you to come over and explain the liquidation in person!"

After Sid joined the company, Gao Renqiang was not interested in this foreigner. He always thought that the boss was too generous to Sid, and gave so many resources without creating a penny of profit for the company, and the boss was too benevolent.

Now seeing Sid overturning on the spot, Gao Renqiang couldn't help but secretly rejoice in his heart. What about the masters of Wall Street, who did not follow the boss's strategy, and did not blow up.

In Gao Renqiang's heart, Ding Le is like a legend in the investment world, and in just a few years, he has evolved from a retail investor to a large amount of money in the global capital market, which is simply a miracle in the world. The boss's investment strategy was actually abandoned, and Sid was simply blind.

When the two walked into Ding Le's office together, the miracle of the world was reviewing the K-line chart of LME copper.

People who don't do futures look at K-line charts, and they must feel the same as reading books from heaven. But when investors in the futures market look at this chart, they are as nervous and exciting as they are looking at the military situation. Although he was reviewing the plate, Ding Le looked at the plate and felt very carefully moved in his heart.

Looking at Sid's performance of being liquidated on the first day, Ding Le couldn't help but be afraid for a while, the risks and stocks in the futures market really can't be generalized.

Fortunately, the scale of 2 billion promised to Sid was not in place in one step, and only less than one-third of it went in the early stage. Sid, on the other hand, did not use all of his positions on his first trade, and he gave traders only a few million dollars.

Looking at the loss of millions, although his heart was very painful, in front of his subordinates, Ding Le still looked light.

"A loss of millions is not something difficult for me to accept. ”

Ding Le motioned for the two to sit down, and he continued: "What I am more concerned about is whether our risk control system has played a role in today's liquidation!"

Through Xia Xiao taking over Galaxy Investment and taking care of it in an orderly manner in a short period of time, Ding Le realized a truth: the company's management should not be established by relationships, but in accordance with the system, everyone does things according to the rules, and the company will definitely be able to manage it well!

"Before the risk control department could take measures, they were liquidated!"

Although Gao Renqiang was dissatisfied with Xide, he did not take the opportunity to fall into the ground, and in front of the boss, he still reported the situation truthfully.

"The market is around the integer psychological threshold of $5,000, and the long and short sides are very fierce, although the short positions increased a lot in the morning, but they were still beaten down at the end of the day!"

After listening to Gao Renqiang's answer, Ding Le commented on today's transaction.

Sid, on the other hand, was like a defeated rooster, hanging his head and remaining silent the whole time, because he didn't know how to open his mouth to explain to his boss. The capital market is so cruel and ruthless, if you can't play, you have to admit it, and everyone is the same.

Looking at Sid's dejected expression, Ding Le said with a smile: "Why, our big stars on Wall Street are so vulnerable?"

"Boss, I failed to live up to your expectations!"

Since Sid joined the Black Panther, he has watched Chinese masterpieces such as "Romance of the Three Kingdoms" and "Water Margin", and now he feels that a certain family is incompetent and has failed to live up to the love of the lord.

Ding Le didn't expect Sid to be so honest, and he knelt down and licked it first, which was a bit unexpected for him. He stared at Sid for a moment, silent, his fingers tapping over the edge of his desk, as if he was making a decision.

"Any transaction must conform to the market, and the market does not evolve with human nature. Today's mistake was the first and last!"

Thousands of troops are easy to obtain, but one general is hard to find. Sid's good resume saved him again, and Ding Le decided to give him another chance.

"Don't believe those insider information, ** disk technology, I'm not as good as you, but when it comes to fundamental research, you believe me!"

Ding Le decided to brainwash Sid again, and the Black Panther switched to the futures market, in the field where he was not good at, he needed someone who could execute his strategy 100%. He didn't want Sid to drop the chain at a critical moment in the future. He makes decisions and others carry them out, which is already the most distinctive characteristic of his capital empire.

"In addition to the active fiscal policies and loose monetary policies adopted by governments, another important reason for the continued rise in copper prices is the strong demand in the Chinese market!"

"Judging from the economic situation of various countries, the global economy has basically stabilized and rebounded, and the strong consumer demand in the Chinese market is superimposed, and I guess that before the end of the year, the entire copper price will break through the previous high point and continue to rise!"

Ding Le patiently reiterated his views from a few days ago.

In the eyes of others, it is crazy to be at the position where the price of copper has risen to $5,000 and to enter the market with a full position to go long, but Ding Le knows the answer of history, and he can always find the most convincing reason for the retrospective argumentation.

$5,000 to enter the market, $7,000 to leave, if you can use the market trend to make some price differences, this wave of operations down 50% of the income is proper, which is why he values Sid.

After Ding Le said this, Gao Renqiang on the side immediately remembered the topic, and he said reverently: "You believe in the boss, that's right, we have come over this since we started shorting Bear Stearns, and the boss has no record of missing!"

Maybe it's Ding Le's ultimatum, maybe it's Ding Le's brainwashing again, maybe it's Gao Renqiang's appearance, all in all, after this meeting, Sid completely lowered his arrogant head.

He doesn't want to lose this job, the decency of an adult is all given by money, and without money, his decency will be worthless.