The reasons why a staff member can destroy a large international bank that has existed for more than 200 years in a short period of time are very complex, among them, the improper use of the "leverage effect" of futures, and the fact that he does not change his mistakes and treats futures in a gambling way is the key to the bankruptcy of the Bank of Bahrain.

And now this kind of leverage is more beneficial to Li Jun, knowing that the Nikkei index is falling, he can naturally leverage more money with a smaller amount of money.

Lisson leveraged dozens of times to destroy the Bank of Bahrain, but this means that he shorted the Nikkei in the opposite direction, then he will make a profit dozens of times!

The people of the island country don't make money in vain, they launched a war against China back then, and how much Chinese wealth they plundered, he just let them pay back a little.

Therefore, Li Jun bought the Nikkei index in reverse with all the money in his hand.

Since the island country was crazy about speculation in the 80s, the island country's economy has been a false prosperity, and the Nikkei once reached a high of nearly 40,000, but as the economic bubble was punctured, the Nikkei fell below 20,000 points, and then continued to fall for many years, reaching the lowest point of 14,000 points.

However, with the extension of time, the Nikkei index has been at this low point, it has been four years since the bubble economy, some investment institutions and investors believe that the island economy should be in recovery, and the economy is indeed showing signs of recovery, which is why Nixon continues to buy the Nikkei long index.

Now the Nikkei is at 18,000 points.

The Nikkei index will break through 20,000 points, which is what investment institutions and a large number of investors believe.

This also caused the Nikkei to rise rapidly to 19,000 points, and a large amount of money entered the game.

But things tend to go in the worst direction, which should have been said to the Bank of Bahrain and other speculators of Nikkei, but now it is said to Li Jun.

But Li Jun didn't care at all.

Since Li Jun entered the hype of the Nikkei futures index, he has been constantly losing money and constantly adding margins.

"This boss is crazy!"

"Boss, this is operating against the market, how can you not lose money. ”

Although he did not add tens of millions of dollars in margins, Li Jun was not distressed.

Because these additional margins will only continue to increase leverage, and will continue to spit back to themselves several times, more than ten times, and dozens of times.

"Boss, it's a bottomless pit. ”

Although Li Jun told himself in his heart that he was not distressed, he had been staring at the Nikkei index market.

He also continued to increase his position and continued to buy Japanese index futures contracts.

Almost swept away the market bears.

This time he was particularly aggressive.

Although he knows the direction of the Nikkei index this time, if there is no more earthquake in the island country of Kobe, and the Nikkei index does not fall sharply, the seven or eight billion US dollars he has thrown in these days, and tens of millions of dollars every year, will be wiped out.

At this time, the Nickel Rikson of the Bank of Bahrain was also buying larger and larger quantities of Nikkei futures and shorting the government bonds he had previously bought......

I was born poor, but I must not die poor.

Nicolisson is a fighter.

On January 18, 1995, the earthquake in the island nation of Kobe struck as scheduled.

The earthquake occurred at five o'clock in the morning, the duration of the occurrence was 20 seconds, the earthquake was a 6.8 magnitude earthquake, this earthquake was only a few decades after the Kanto earthquake in the island country, causing about 6,000 deaths, 40,000 injuries, 300,000 homeless, more than 100,000 buildings were seriously damaged, and hundreds of fires were accompanied by the earthquake…… The losses in Kobe as much as hundreds of billions of dollars.

On the day of the earthquake, the stock market of the island countries fell only slightly, and industries such as construction also rose.

This went up, and it made Bahrain Nicolisson feel very wrong at this time.

The Nikkei, which was bought on the same day, really closed the red line and rose by dozens of points.

The next day, he once again made up a large number of Nikkei 225 futures contracts and interest rate futures contracts, and the total position reached more than 100,000 hands at once, you must know that this is a futures contract that he has magnified dozens of times, if the Nikkei 225 index only falls to 18,500 points, and then falls a little more, Lisson's position will lose more than two million US dollars.

This time, things really went in the worst direction.

When Lisson upped the stack.

Then the Nikkei began to fall sharply.

"Manager Lisson, do we, do we stop loss. ”

A trader saw that the account at hand was losing more and more, and he was scared and broke out in a cold sweat.

Lisson was numb with fright.

Even if you stop the loss now, you can't go back to the sky at all, even if you sell him, you can't make up for the loss this time, if you continue to fight, maybe there is still a chance of life.

Thereupon......

Sweat continued to drip from Lisson's forehead.

The subordinate felt the fear and fear in his heart, but his face was hideous, he was crazy, he was unwilling to fail, and he had to carry it all the time.

Historically, there have been many maniacs like Nicolison in financial history, and they have been called devil traders, such as Keku Adoboli, a trader at UBS, who is a stock trader at UBS in London, who fabricated hedging records in order to hide the real trading risks. He also set up a "backup fund" to store profits to cover losses if needed, and he ended up losing $2.3 billion to the bank.

For example, a trader at Société Générale, France's second-largest bank, privately overstepped his authority to invest in financial derivatives, and the bank suffered a huge loss of $7.16 billion.

There are many such gentlemen.

Kobe, the epicenter of the Kobe earthquake in the island country, is located in an important industrial area of the island country, is an important economic center, the industrial zone is very important to the island country, such as manufacturing output value accounts for 13% of the entire island country, steel production accounts for 24%, machinery manufacturing industry accounts for 19%, the industrial zone of auto parts, machinery products, papermaking, shipbuilding industry is also very developed, after the earthquake water and power outages, houses collapsed, and even affected other surrounding industrial areas and some ports, the economy of the island country began to be a great drag.

Li Jun, who bought the bottom Nikkei short, spring is coming.

On the 10th day after the earthquake, the Tokyo stock market wiped out as much as 10% of its market value, but stocks related to construction and building materials also rose for a while, and other stocks related to utilities and minerals also moved relatively weakly.

Next, the Nikkei 225 index began a wave of sharp declines, and at one point it will fall by more than 5,000 points, Bahrain directly lost money, and Li Jun made more than a Bahraini worth of cash!

Make a lot of money.