"Wait, wait, I feel a little messy thinking, I'll ...... it again," Wang Huiling said, "The hedging dealer boosts the price of futures, and then opens a short position at a high level, the higher the shorter, in order to lock in the opponent's delivery - but this is just a logic, right? What if he opens a short and then falls?"

Chang Tianhao asked rhetorically: "Fall?"

"Oh, I'm so stupid, really, really stupid......" Wang Huiling suddenly reacted and asked a stupid question.

The short opening falls, of course, the goods in the warehouse can no longer be sold at a high price, but at this time, the short position in its hand will be profitable if it is in the right direction, and it can be closed directly in the futures market. So no matter what the price goes up or down, at least one can be eaten – that's the power of hedging risk after hedging!

From a practical point of view, the Nanyang Gang operates exactly like this. When the futures price of mung beans is significantly higher than the market spot price, they go short with all their might. If they make money from short selling, they will become speculative shorts, close their positions in time and make a profit, and enjoy themselves; once they do it in the wrong direction, the Nanyang Gang will buy a large number of physical mung beans in the local area for hedging, and after the delivery period, they will drive a tractor into the city at night to register the warehouse receipt for delivery. Because they are in the main producing areas and have the advantage of the main channel, for most people, the problem of transferring from cash to warehouse is really a piece of cake for them.

Sometimes there is no need to bother with this, because part of the delivery warehouse of Zhengshang relies on the food system, and they only need to put a note to change the label, and they can instantly change the mung beans in the ×× grain warehouse to the mung beans in the delivery warehouse ××, and the cost is a few pieces of A4 paper.

This is the same as the delivery of gold between countries: many countries have gold reserves in the Federal Reserve, and the reduced gold in country A and the gold increased in country B do not need to be physically moved through complex armed transportation methods, but only need to change the logo in the Fed's delivery vault to indicate that the pile of gold used to belong to country A and now belongs to country B.

You don't even have to have real gold in the delivery vault, as long as the Fed informs both countries that your gold reserves have been "delivered". It is precisely because of this tactic that the Fed strongly opposes depositors from repatriating gold from the United States to their home countries for safekeeping, and does not even let you send someone to count it - who knows if the gold is still stored in the treasury and not misappropriated.

What? is it impossible to appropriate?

How can the huge difference between the United States producing little gold and minting a lot of Eagle Gold coins and using them in the jewelry market, and not importing gold from foreign countries?

This is really a scary proposition!

Are you against?

How old are you? What's the use of opposing it? Can you still stand up to the US imperialists, who have more than a dozen aircraft carrier formations and military bases all over the world? Even China does not dare to ask for the 600 tons of gold stored in Manhattan, let alone other small countries.

As for why China deposited 600 tons of gold in the United States and did not take it back? Well, this is a good question! Because there is a greater exchange of interests -- in exchange for the lifting of economic sanctions against China by the European and American countries headed by the United States, in 1990 the 600 tons of gold secretly went abroad and was placed in the United States, and at that time the country's nominal gold reserves were only more than 400 tons, and even in the era of Chang Tianhao's rebirth, the nominal reserves were only more than 1,800 tons.

That's the price we pay at all costs!

So in Chang Tianhao's mind, when will he be able to shoot "Battle XX" and get the gold back, it really shows that he is strong.

The same is true for mung beans, after the hedging short sells mung beans at a high price, the bulls must receive the warehouse receipt at a high price, either cut the position cheaply, or solidify a large amount of cash to the warehouse receipt and wait for the next round of rising starting point, which completes the task of foreign funds staying on the exchange.

This is the key to the conspiracy between Zheng Shang and the Nanyang Gang in a non-premeditated situation - the former wants to pay transaction fees, and the latter wants to reap profits. Originally, everyone complemented each other, but who knew that a few years later, the hype was too deep, and the mung bean variety was fried and withdrawn from the futures market. This is also the mystery of not being able to see mung bean futures at all.

When mung beans withdrew from the futures market, the spot price of mung beans stabilized suddenly, and there was no speculation for many years, and the market focus gradually became garlic and ginger......

The long profits but cannot be realized, and the profit funds become warehouse receipts and positions - just like many companies make money from the calculation of accounts, but the accounts receivable cannot be returned, so there is only paper wealth all day long and cannot be realized. The food system will set off a lot of atmosphere at the beginning, and finally empty up to complete the purpose of selling beans at a high price.

Therefore, Chang Tianhao ordered to open a short after seeing that the November contract exceeded the 4,000 yuan mark, because the rise was completely weak at that time. When the market fails in one direction, it will go in the other direction, which is the second law of futures trading: the price always moves in the direction of least resistance.

After listening to this explanation, Wang Huiling frowned and said, "Isn't the Nanyang Gang invincible like this?

Chang Tianhao smiled: "People are greedy, do you think people who buy stocks and speculate futures don't understand? This is like a bunch of people going outside to eat and drink, and the people who are caught in the end have to pay, everyone knows that they will stay and pay in the end, but they are all lucky, always thinking that they will definitely be able to leave the market before the last minute, but every year someone will be caught paying, nothing more than passerby A or passerby B." This is also the necessity for me to emphasize the need to follow the banker, otherwise our small body will follow the wrong person, and now it should be me who pays!"

The other side sincerely admired: "Your senior brother is amazing, amazing...... No, no, no, you're great too!"

However, there is no definite theory about what is happening in the world, because mung beans are actively traded and the planting returns are good, except for Nanyang, mung beans have begun to be planted on a large scale all over the country - this is not high-tech.

According to the rules of the futures market, middlemen hoard goods at high prices and push the price of terminal prices, but consumption begins to retreat at this time. The consumption of mung bean popsicles, mung bean paste, and mung bean vermicelli has dropped sharply - speculators can play mung beans out of flowers, and my terminal manufacturers don't buy the head office, right?

In 1997, the end market had shrunk, and traders had a lot of last year's high-priced goods on hand – many of them were speculative longs who made a fortune on paper, but because farmers had sold the beans at high prices, they continued to grow mung beans in large quantities the following year, according to 1997 information. Although the whole country has suffered widespread flooding, the weather in Henan is good. The price base of mung beans is also high, and around May, foreign bulls forced positions, and they filled themselves in. In less than half a month, the effort fell from 4000 to 3400, not so much because of the Nanyang Gang's shipments, but because of the formation of a bull stampede.

"Next week you're staring at the board...... When it hits below 3200, you can almost close the position, don't be greedy. Chang Tianhao advised, "Dry speculation, don't eat the fish head, don't eat the fish tail, just eat the middle section, it's not necessary or realistic to think about putting all the profits home." ”

"No wonder you didn't let me increase my position with floating profit halfway, I would have liked to add 300 lots. ”

"Theoretically speaking, it's okay, and it's okay to look back on it afterwards, but the ghost knows if there was a reverse draw halfway...... Chang Tianhao shrugged, "After increasing the position, a 200-point reverse draw is enough to torture you to death, the bigger the position, the greater the psychological burden, and the technical action will be deformed, there is no need to do this, the road to wealth is still very long, I am still young......"

He glanced at Wang Huiling: "You are still tender." ”

Wang Huiling giggled, not only threw a few more winks at him, but also deliberately got close to her body, rubbed Chang Tianhao's leg with her stocking leg below, and pressed his arm with the towering ball above, deliberately twisting her body to create a feeling of friction, and snorted: "People will take care of it as much as possible, so that you won't find an excuse to drive it away at the age of 35!"

"Snap", slapped on the buttocks again, and after the shooting, Wang Huiling gasped and fell into her arms, and put Chang Tianhao's hand on her thigh and stroked it - during this time, she had grasped Chang Tianhao's bottom line, hugging, holding, and touching, but he didn't dare to go any further, or rather, he obviously had concerns.

Not only Chang Tianhao has concerns, but she also has concerns: maintaining this ambiguous relationship can increase intimacy, but once the bottom line is broken through and the last layer is reached, it will be embarrassing for each other.

Then she is absolutely unwilling, some time ago, she made nearly 6 million yuan by operating Tianjiao, and it has only been half a month, and mung beans have made more than 6 million, what else can make money faster than this? This is simply a living cash cow and money printing machine. With the passage of time and the increase of the principal, the future prospects will be limitless, for this kind of person, even if he can't become his woman, he must firmly grasp him and follow him.

No matter how beautiful a woman is, there are people who are old and yellow, and even climb over 30, and the crow's feet at the corners of her eyes will come out, and she Wang Huiling is only 5 years away from 30. As the old saying goes, those who entertain people with sex have to find a way to become an assistant and confidant that he can't do without in order to go far.

So while guiding Chang Tianhao's fingertips with her hand to trace the delicacy and smoothness of her legs, she whispered: "What do you do after closing the position? Also, what work do you want me to implement next?"

"Look at the situation, there is a possibility that you will do it backhanded...... This time it's just a small episode, and the real curtain of the mung bean drama hasn't opened yet. ”

Wang Huiling was stunned: "The real curtain?"

"This time the decline is too fast, and the Nanyang Gang is not making enough money, so there will be another round of ...... Just wait, just listen to me. In the past two days, we have done a good job in 4 leather bag companies, each with a registered capital of 500,000 yuan, and the equity is still 99%:1%. ”

"You've wiped out all the futures companies in Pentagon......"

"The organization has been decided, and you will be the general manager and trader!"

。 m.