"Played around recently and earned some. Hamm said it simply, but with a smug face.

Even for Americans, oil futures are a novelty, having only appeared in recent years. 1986 was a year of ups and downs for oil futures, with many people making a fortune or losing money by almost doubling their rises, and by 1987, the number of participants in oil futures had increased dramatically.

The hedging oil companies and factories are the core, and then the speculators who flock in, as well as the people working in the oil-related industries.

Although the volume of transactions has increased, the oil market in 1987 was really stable, and not many people could make money in this year, and Hamm did have the capital to be proud.

Su Cheng hesitated for a moment, but still asked: "Can I participate in Chapter 26 The Calmest Year (ask for recommendations) and oil futures?"

Hamm smiled and asked, "Do you have any money?"

Sioux City turned his head to George and said, "If you can be my financial leverage, I promise you won't lose." I bet with my salary for the next 10 days, which is $1,000, but ask you to use $10,000 to buy oil futures for me, and if I lose more than 10%, you automatically close the position, sell the futures, and use my money to compensate for the loss. If you make money, I'll give you a 50% rake. ”

"$1,000, are you willing to pay it?" George advised, who is more familiar with China, "The futures market changes all the time, and 10% of the changes are frequent. ”

"I know very well. It's only because China currently doesn't allow individuals to invest directly in foreign futures that I'm asking you for help. Su Cheng thought for a while, and said: "In the past year, the GDP growth of the world's major industrial countries has been flat, and OPEC has controlled the stability of output. ”

Hearing him speak so professionally, George was a little surprised.

Chapter 26 The Calmest Year (Ask for Recommendations) In his eyes, China is still the ancient China, able to speak English OPEC, and understand the role of OPEC, those are completely two different concepts.

George and Hamm, Henry looked at each other, nodded lightly, and said, "I can let you try, but if the situation is not good, I will sell it at any time." ”

Hamm added: "The smallest unit is 1,000 barrels, which is $18,000 at that price." If the fluctuation is more than 5%, you will lose 1000 yuan. ”

"Then, in the case of 5%, you can close the position. "Sioux City is also in ruins.

If he loses this opportunity, he doesn't know when he will be able to get his first pot of gold. Being in a state-owned enterprise can give him access to the oil he likes, but in a state-owned enterprise, there are also many unfree places.

Sioux City, of course, does not remember the specific oil price changes in 1987. However, it was indeed a very special year, and the stability of oil prices was something that will never be repeated in the future. Before and in the years since, oil prices have ranged from as low as $10 to as high as $40. Only in 1987, oil prices have always fluctuated around $18, in fact, most of the time, they have been below $17.8.

This is also the reason why Sioux City did not deliberately understand the futures market and knew this information.

Although there will not be those big ups and downs to make money, in addition to the hand-held PDA crossing, what Sioux City can take advantage of is the stable price in 1987.

"Let's start, what do you think about the futures market?"

"There is a special line in the conference hall. Hamm jumped first, and he gambled heavily, and the excitement was the same no matter how much he staked.

The group moved to the conference hall and used the sluggish network of special lines there to check the quotations of the futures market and buy and sell by phone.

Luckily, today's price is moving upwards.

Su Cheng immediately pointed to the standard crude oil and said, "Trouble is selling short at 18 yuan." ”

George then called, bought 1,000 barrels of NYSE contracts with his own money, and told the other party that the position would be closed at a loss of 5%.

As soon as the transaction was completed, the market began to move downward.

This shows that Sioux City was right. Hamm asked anxiously, "Look at the news, is there any bad news today?"

He turned his head and asked Su Cheng, "Do you see any bad news?"

Sioux City shook his head. He only knew that if he sold short at $18, he couldn't lose 5% anyway, because that would mean that the oil would rise to $18.9. Throughout 1987, there was almost no such market, because there were too many orders on the exchange, and the oil futures market with more than 24 million copies was like a big lake that would not rise unless it rained continuously.

It is only next year, when Saudi Arabia and other countries violate OPEC production quotas and export large quantities of crude oil, that price fluctuations become violent.

Still, during the day of futures trading, prices fluctuate quickly, which is like a tidal phenomenon.

Flickering on the computer screen, the price of crude oil in New York quickly fell back to 17.6 yuan.

Sioux City decided to liquidate and earned 40 cents per barrel of crude oil, for a total of $400.

Hamm laughed and said, "Yes, yes, 40% is a lot." ”

Henry also turned his wine glass, staring intently at the screen.

Su Cheng smiled and said nothing, and when the price fell below $17.5, he went long with his backhand, that is, he gambled up.

This time the wait was a little longer, about half an hour, before I reached the 17.7 position. Sioux City was not greedy and went into liquidation for $200.

In thirty or forty minutes, I made a 60% profit, which should be said to be good. Especially for a Chinese, this is equal to several years of his salary.

In fact, throughout 1987, price fluctuations were so flat that most futures traders made their hard-earned money in this way.

However, on the other hand, if it weren't for the countless price-sensitive futures traders making this money, the price of crude oil would have fluctuated much more dramatically.

"Do you want to continue?" George was curious about Sioux City's methods, and continued, "Based on your $1,600, I can lend you $30,000 this time." ”

"Okay, then, let's sell short at $17.8. This time I guess I'll have to wait a little longer. ”

"It's okay, let's play poker!" The three foreigners were very energetic, and they all sat down at the conference table.

This night, none of the four of them slept, watching Su Cheng manipulate the futures to and fro.

They have seen clearly the trading pattern of Sioux City, that is, with 17.8 yuan as the benchmark, buy long below 17.6 yuan, and sell short if it is higher than 17.8 yuan.

Knowing is knowing, except for those who are born again, they will not dare to do so.

Because there are so many factors that can cause the price to fluctuate. For example, an overly successful or unsuccessful OPEC ministerial meeting, a too successful or unsuccessful speech by the President of the United States, a third-party investigative report, an oil company blowout, an interbank share sale, a war, a debt default, etc., can cause immediate and drastic price movements.

With Sioux City's method of operation, it would be tantamount to losing all your money.

However, 1987 was too special, in a year when Saudi Arabia, Iran, Venezuela and other traditional troublemakers did not happen, OPEC controlled the change in production to an astonishing 1%, oil companies did not carry out any mergers and acquisitions, and the industrial countries developed steadily like mechanical movement, world peace......

In fact, except for this year, there has never been a year in which the market oil price has followed OPEC's guidance so well.

Sioux City went back and forth seven times, and by the time the market closed, it had earned a total of $3,500. It's not a lot, but it's enough to make people's eyes hot.

George took out $1,750 from his suitcase and handed it to Sioux City according to the 50% share, and said angrily: "I'm running out of cash." ”

"Can you open a bank account for me? Sioux City followed his words. In foreign countries, there are all kinds of bank accounts that only require passwords, and there are also groups of non-natural person accounts that are operated by principals, which is a good thing that does not exist in modern China.

George nodded and said, "If there is your authorization, of course." ”

He immediately started operating it on the phone. George is a middle-level and high-level employee of the United Chemical Group, with his own accountant and lawyer, through whom the work that was supposed to wait for a day is quickly completed.

George then handed the phone to Sioux City and said, "The account has been set, you can use the phone now to set a password, remember the account number, and this will be your private property in the future." ”

is willing to help Sioux City, in addition to earning half a month's salary, George is also optimistic about his future.

As far as he knew, Su Cheng was gambling with his full wealth, and this courage alone was amazing.

How did he know that Sioux City was operating in a relatively safe situation, and it had nothing to do with courage and boldness.

The following day, the trio hurriedly visited several equipment factories and returned to the conference hall before the U.S. futures market opened.

George and Hamm, who were extremely hot-eyed, took out more than half of their family assets and scraped together $100,000 with George to hand over to Sioux City to operate. Sioux City still gets 50% of the money earned, but bears all the risk.

The difference is that Sioux City's commission is calculated directly and deposited into his own bank account every time.

By the same tactic, by the morning, Sioux City's income increased to $4,000. George and the others were completely relieved. Now, Sioux City is in a position to defend against and compensate for the risks that the futures market may pose. The three of them, just like the banks in Sioux City, are highly profitable and extremely low-risk.

"Bang Bang"

The waiter knocked lightly on the door and called early.

Sioux climbed out of the hotel, got into the car, and began to fall asleep. George and the others slept in shifts, and they were able to persist in this fashion, and their happy noses were red.

On that night, they also earned an average of more than 1,000 dollars. Best of all, the evening continues.

Cui Hongguo, who had just become a little famous, was embarrassed and said in English: "I'm sorry, Su Cheng may be too tired." ”

"Yes, it's hard. George carefully took off his upper suit and covered Su Cheng's body, as if he were worshipping the God of Wealth.

……

c！！！