In the novel of the rich and rivaling the country, the protagonist Zhang Feiyu has been speculating in soybean oil futures, Tudou has thought about it again and again, and feels that it is necessary to clarify with you first, the risks of the futures market are everywhere, and Tudou does not want everyone to enter the futures market from the heart.

Everyone saw Zhang Feiyu in the futures at every turn to multiply the income, but I want to tell you soberly, that is the plot of the novel, in the futures market to make money very little, the article mentioned that a lady between 2007 and 2008 with 50,000 to earn 10 million story, in fact, far more than 10 million, a lady was originally in 2005 with 60,000 funds into the futures market, after 2007 to 2008 soybean oil soared, the highest market once reached a maximum of 22 million.

Next is the key, next is the key, next is the key.

Important things are said three times, and everyone must be patient to watch them.

After March 2008, soybean oil has continued to plummet, but a woman is still in a heavy position of soybean oil.

Whether it is the stock market or the futures market, it always falls much faster than it rises, and the general speed of decline is often a continuous plunge in just a few days, or even a continuous fall limit.

The soybean oil held by a lady is no exception, after March 2008, the soybean oil plummeted and even continued to fall to the limit and seal the order.

The 22 million funds earned by a certain lady were continuously liquidated, and in the end, only 40,000 funds remained.

This is the futures market, so I don't want everyone to speculate in futures after reading my book, if you can, I hope you don't touch the futures market for the rest of your life, unless you have amazing self-control, according to the programmatic standards of yourself, so that it is possible to get a piece of the futures market.

The following is the true story of a lady who fried soybean oil that I found on the Internet, only for everyone to enjoy after dinner, and I hope to warn everyone that the futures market is risky, and you must be cautious when entering the market

In the local media in Wuhan, after reporting the news that Wuhan retired female teacher Wan Qun (pseudonym) speculated from 40,000 yuan to 14.5 million yuan in this round of soybean oil futures bull market, the Securities Times reporter went to Wuhan on March 7 to track Wan Qun's investment ideas and the future of the market. However, the process of recording the creation and eventual destruction of this story is extremely heavy.

On March 7, 2008, Meier Ya Futures Company helped contact Wan Qun, but under the sharp market at that time, Wan Qun was no longer in the mood to be interviewed. And reporters can only learn about them from their brokers and other investors.

In July 2005, Wan Qun, who had been immersed in the stock market for more than 10 years, entered the futures market with 60,000 yuan. The first variety she made was corn, and her investment method impressed her agent Xu Hongliang very much. "She bought futures like stocks, and she bought corn and kept it for a long time. Although its broker advised Wanqun that it was best not to operate overnight with a full position to control the risk, Wanqun still insisted on holding the corn contract overnight with a full position for a long time. It was not until the corn market failed to support her judgment that she withdrew from the corn variety in July 2007 at a loss of about 20,000 yuan. And Wan Qun's operation method of holding on to the stock speculation was also repeated again in his soybean oil futures.

After withdrawing from the corn varieties, Wan Qun, who usually likes to study macroeconomic news, noticed a news that in July and August 2007, some parts of China suffered from drought, and 60% of the soybean planting area in Heilongjiang was lost. As a result, in late August, Wanqun invested all its 40,000 funds in soybean oil futures contracts, mainly long soybean oil 0805 contracts, and the positions were full almost every day.

In the next two or three months, the main soybean oil contract 0805 started from 7,800 yuan/ton and rose all the way to 9,700 yuan/ton. In the continuous rise of soybean oil, Wanqun began to operate with floating profit and position increase, and often added positions to chase after the price limit. Under such a manipulation, its book wealth data is dramatically magnified. According to its broker, "In early December, it was found that her initial margin was less than 300,000 yuan, but after her floating profit was closed, she entered the margin and suddenly became nearly 1.7 million yuan. It was only at this time that Wanqun's account attracted the attention of futures companies, and Wanqun had 10 times the income at this time. Subsequently, Wan Qun also occasionally opened a new position to do a soybean oil intraday short-term, which is still full but generally only held overnight for a few days and then closed, almost every handful is profitable. Because it was too smooth, Wanqun firmly believed that in order to make money in the futures market, he would hold a full position overnight after seeing the right direction. "I advised her to reduce some of her positions to keep some money to control the risk, but she insisted that the soybean oil bull market was still in place and would not change her modus operandi. ”

Because some of the main rapeseed producing areas in China were seriously affected by snow this winter, resulting in an increase in demand for vegetable oil, coupled with the hot long buying of speculative funds, after entering 2008, international and domestic soybean oil futures frequently hit new highs. The main contract also rose from 10,000 to around 15,000. Under the unilateral bull market of soybean oil, Wanqun's heavy position and floating win rolling opening method made its soybean oil long contract account for 80% of the heavy soybean oil long contract, and quickly created the myth of "from 40,000 to 10 million" to get rich.

Evaporated 10 million yuan in three days

As of February 29, Wanqun held 224 long positions in soybean oil (0805) contracts and 338 long positions in soybean oil (0809) contracts. On March 3, Wanqun probably added more than 400 hands at the opening, and the total position reached more than 900 hands. According to the closing settlement price of the day, the book margin of Wanqun exceeded 14.5 million yuan.

On March 4, the soybean oil 0805 contract and 0809 contract held by Wanqun reached the highest price limit, and the floating equity of its account reached its peak at this time, reaching more than 20 million at the highest. However, after the above two contracts hit the daily limit, they were quickly hit from the price of the daily limit to the price of the near down limit. On that day, Wanqun's account was still full.

On March 5, both the 0805 contract and the 0809 contract closed with a down limit. On March 6, the soybean oil 0805 and 0809 contracts reached the lowest position. Wanqun's account suffered the third forced liquidation so far due to insufficient margin, and was forced to close 100 contracts by the futures company on the same day, while Wanqun personally took the initiative to reduce his holdings by 300 contracts for the first time. As of the close of the day, there were about 500 contracts left in Wanqun's account, and the margin was about 4 million yuan. If Wan Qun can close all the positions on the same day, she can at least get out of the game smoothly, but in the communication between the agent and her on March 6, Wan Qun still firmly believes that the adjustment of soybean oil is only a temporary phenomenon. Because Wan Qun was forced to close some of his positions in two adjustments on November 20, 2007 and mid-to-late January 2008, his wealth increased rapidly as he continued to insist on being long. Because of these two previous experiences, Wanqun still firmly believes in long soybean oil and insists on keeping positions, so he missed the best opportunity to reduce his position.

On March 7 and 10, soybean oil fell for two consecutive days. Wanqun's position is too heavy, and even if you want to come up with it, you can't get out at this time. After Wan Qun's story was reported, her account was taken over by the Hubei Securities Regulatory Bureau of the China Securities Regulatory Commission on March 7, and Wan Qun's account was removed from the Wuchang business department of Meier Ya, and the final situation of her account is not known at all. By querying public transaction records and calculations, it can be estimated that in order to control risks, futures companies will force Wanqun's account to close as soon as the market opens on March 11 in order to control risks, and according to its remaining 500 hands of position, there is little money left in her account, and she is basically liquidated. At this point, under the leverage effect, this myth of "from 40,000 to 10 million" has been shattered.

For the story of Wan Qun, many people believe that its initial success came from the big gambling, which caused its radical operation methods to increase the value of wealth geometrically. As for the fact that his wealth was finally beaten back to its original shape, most people believe that the reason is that Wanqun is too greedy and does not know how to accept it when he sees it. However, in interviews with its agents and investors in Wuhan, the reporter found that it was not because of its gambling nature and greed that made Wanqun and defeated Wanqun, but because of its operational ideas.

In the eyes of most people, Wan Qun, who has retired in his 60s, is a very ordinary person. As a housewife, she is sensitive to the price trend of agricultural products. This made her feel the rise in the price of cooking oil, so she delved into the reasons behind it and insisted on going long soybean oil all the way. "She has thoroughly studied the fundamentals and has enough reasons to support her judgment that a soybean oil bull market is coming. You can say that she is aggressive, but you can't think that she is gambling like this. ”

In the rapid increase of wealth, many people can't understand why Wanqun didn't reduce some positions to keep profitable funds to control risks after making so much money. How could she be so greedy? How much money does she have to make before she wants to stop? And her agent and investors who know Wan Qun found that Wan Qun's focus is not on wealth figures. She often said that the bull market in agricultural products is still there, the soybean oil market is far from over, and the trend is not changed. It is precisely because of the extension of the stock market operation idea to the futures market that Wan Qun ignores that the leverage effect of the futures market can cause her wealth to snowball, and when facing an avalanche situation of the turning point, it will also make her have no time to exit. Coupled with the unilateral upward market encountered after the long soybean oil contract, the too smooth making of money also made Wanqun lose the risk vigilance of futures operations, and finally caused the myth of "40,000 to 10 million" to be quickly shattered in just 5 trading days.

Finally, I would like to remind everyone once again that the futures market is risky, so don't enter it lightly.