The price of the Thai baht has returned to the flexible range of the Bank of Thailand, which means that the attack of international capital on the Thai baht has failed.

In the forward foreign exchange market, a large area of bears was killed to liquidate.

Because of the stop-loss liquidation of super giants such as Tiger Fund and Quantum Fund, the price of Thai baht has seen an empty killing and short position market.

In the midst of the swarming void, the mass bears are strangled by the bears.

Whether it's an individual or a small fund.

No one can withstand the frantic stampede of their teammates.

Some were forced to close their positions by the exchange, while others saw that the general trend had gone and had no choice but to stop losses.

With a rise of up to three thousand points in the Thai baht, there are not many funds that can afford such a massive loss.

In the spot market, the central price of the baht has also returned to the control of the Bank of Thailand.

With 1,002 percent offshore interest rates, no one can afford such high transaction costs.

The channels for Thai baht lending are restricted, and if it is not absolutely certain, no one dares to borrow Thai baht to suppress prices.

In this encirclement and suppression of the bears, the Bank of Thailand won completely.

Bangkok, Bank of Thailand.

Governor Sunny is holding a phone to thank his allies.

"Thank you, without your dedication, Thailand may not be able to resist the devouring of those jackals this time, Thailand let me express my sincere gratitude to all of you......"

Sonny's tone was sincere, and he stood in front of the videophone and bowed deeply to several of his allies on the line.

This bow, Sonny is sincere.

Although they spent more than $100 million this time, they were able to repel the attack of those piranhas.

As long as we can delay for a while and wait for ASEAN to grow, Thailand's position in ASEAN will allow Thailand to maintain its economic growth steadily in the future.

So Sonny's face was full of smiles.

And in his heart, there is a rare lightness.

I can finally rest in peace.

After hanging up the phone, Sonny picked up the phone on his desk with a smile.

"Toot beep..."

"Kuan, I'm Sonny, let's have a good celebration in the evening. ”

“......”

......

"In the forward market, our cumulative position losses have reached $350 million, and with the cost of the spot market, the total loss is expected to be ...... $480 million."

Wall Street, New York.

Inside the headquarters of the Quantum Fund.

Stanley Druckenmiller leaned back in his office chair wearily and listened to his assistant's report.

Like most bears, Quantum Fund opted for a stop-loss exit.

Druckenmiller couldn't help it.

With the current strength of the Thai baht, it is difficult to continue to attack.

It's not a way to drag it all the time.

Clients don't want their money to run dry there.

Now, only by temporarily avoiding the edge of the Thai baht can the losses be minimized.

Time waits for no one.

It would be nice to have a few more months before.

"At present, the position in the forward market has been reduced to 100 million US dollars, which is expected to be fully closed this week, and 60% of the positions in the spot market have been closed..."

"Well, I see, you go out, I want to be quiet. ”

Robbie glanced worriedly at his immediate boss, who had followed Druckenmiller for more than ten years, and it was the first time he had seen his boss so tired.

But Robbie also knew.

With this addition this time, Druckenmiller has missed out on the Thai market for the second time.

As a money manager, the kind of blow caused by two misses is simply incomprehensible to outsiders.

That sense of failure is a destruction of faith.

It's so serious that the whole world will collapse because of it.

Countless speculators around the world commit suicide every year because of failure, and many outsiders will feel that they can't face the feeling of heaven and hell that comes with losing money.

But Robbie knew.

In fact, the loss is only part of the reason.

It's more about the collapse of one's beliefs and the world.

No one can believe in this line of trading.

No one will know what the market will end up with except God.

The only way to win is to trust your own feelings and judgments.

This is the only path to success.

Only with absolute confidence can we perfectly execute our own strategic plans again and again.

However, absolute self-confidence will always turn into absolute conceit before you know it.

Once there is a succession of failures, one's beliefs will be crushed by failure.

At least it will be sluggish, and at worst it will be the end of life.

And now, Druckenmiller has missed twice in a row on the baht, and the magnitude of the blow is probably only known to Druckenmiller himself.

"Bang bang..."

No sooner had Robbie left the house than there was a knock on the door of Druckenmiller's office.

Then, one of the most familiar voices came in from outside.

"Stanley, may I come in?"

"Oh, of course!"

Walking in the door is the soul of the Quantum Fund.

George Soros.

In many parts of the world, George Soros is considered the embodiment of the devil.

Because of him, more than millions of families have been torn apart, and the financial crisis he has brought has led to the deaths of tens of thousands of human beings.

But it's hard to imagine that such a person would knock on the door and ask questions when he walked into his subordinate's office.

in the office.

Druckenmiller quickly stood up from his office chair.

There was a slight deference on his face.

Soros, both his partner and his boss.

He was his second mentor again.

His investment philosophy, many of which have absorbed the life philosophy that Soros taught him.

Although in terms of intuition, Druckenmiller is far superior to Soros.

But that kind of kindness of preaching and leading the way, how can Druckenmiller wait for it.

And Soros has never failed Druckenmiller.

Even once in order to allow Druckenmiller to play better, Soros himself left the Quantum Fund.

This kind of trust is something that few people in the world can do.

That feeling of being a teacher and a friend has always made the relationship between the two very close.

After Soros entered the door, he got straight to the point.

"Stanley, your face is very bad, is it because of unwillingness and regret?"

"George, you understand. I'm really sorry..."

"Excuse me? No, no, no, Stanley, you don't have to apologize, you've done a great job, and if it were me, I'd make the same choice as you. ”

"But ....."

"Stanley, people will inevitably experience countless setbacks and failures in their lives, and in the words of Huaguo, failure is the mother of success. It's really nothing, maybe it's still a good thing, so you really don't have to blame yourself. ”

"Thank you, George, but I couldn't figure out why I failed this time. ”

"Stanley, I was like you before, and according to our judgment, the baht will definitely be lost. But I now understand why. ”

。 m.