Since the 15th, for three consecutive days, the price of TI crude oil futures has been fluctuating around $46, and the range price has not broken through much.

As veterans of the market, Cecil and Lu Zhaolin had sensed that something was wrong.

The weekly moving average suddenly adjusted its direction, indicating that the market has entered a period of consolidation, and there is no need for Chen Qiaoshan to remind them, both of them know what this means.

If the market is one-sided, it must be a heavy position to make a homeopathic order, and in the past month, they have indeed implemented it.

However, although it is impossible to accurately determine whether the market will reverse, in the absence of significant pressure or external support, a light or even short position is definitely the best choice.

The two were very obedient this time, and on the night of the 17th, they sent the clearance plan to Chen Qiaoshan, but they did not receive feedback immediately, and as a result, on the morning of the 18th, Elliot rushed to Yanjing.

"Chen, you're too calm. As soon as they met, Eliot was the first to say a word, and he couldn't tell whether he was complimenting or complaining.

In the futures industry, take-profit and stop-loss are equally important.

Elliot now has a full understanding, and when it comes to daring to take orders, there is no one more daring than Chen Qiaoshan.

There is no doubt that no matter what kind of consolidation form it is, it is very dangerous, there is no stop loss for huge losses, and there is more than one profit, which is almost death, but here in Chen Qiaoshan, within more than 20 trading days, it has been staged twice in succession.

Cecil's and Lu Zhaolin's plan did not reply, Chen Qiaoshan's phone was turned off again, if it weren't for the small fluctuation, Elliot would not have waited until now, and would definitely catch last night's red-eye flight.

Chen Qiaoshan smiled: "Are you complimenting or mocking?"

Elliot smiled bitterly in his heart, originally he felt that Chen Qiaoshan was a little insatiable, this is normal, if he can seize the opportunity, which one in the financial field is not a bone and marrow, but the more he does not know how to converge, the more miserable the ending is.

Seeing that Chen Qiaoshan was calm and light, Elliot hesitated a little.

Unlike Cecil and Lu Zhaolin, Elliot already has a considerable understanding of Chen Qiaoshan, whether it is crude oil options or futures, Chen Qiaoshan's timing of entering the market is extremely strange.

Options enter the face of losses, crude oil futures are the same, just entered, the principal is huge, but what makes people speechless is that the two transactions have allowed Chen Qiaoshan to seize the opportunity, so far, the principal has increased more than 30 times, the key Chen Qiaoshan dare to place a heavy bet, not comparable to ordinary speculators.

The market is keen to discuss the myth of wealth, and in the eyes of those who care, every move of Chen Qiaoshan's account has attracted a lot of attention.

Although FXCM's global platform is used, Hong Kong's personal accounts are regulated by the Hong Kong Securities and Futures Commission, with a monthly surplus of more than $60 million.

Even if there is a strict anonymity system, no matter which financial institution, there are some sources or anonymous insiders, and the news can always be leaked out whether it is true or false in an inconsequential situation.

Fortunately, Chen Qiaoshan's personal information has not been disclosed, but the mysterious person surnamed Chan has become a hot topic in the financial circles on Hong Kong Island recently.

In Hong Kong, gossip rumors about Chen Qiaoshan will be accompanied by the news of the collapse of crude oil from time to time, as long as he is willing to be as high-profile as the female stock god surnamed Liu, he will definitely be famous in Hong Kong for the first time.

This point naturally can't be hidden from Elliot, and he has already informed Chen Qiaoshan about it, but it is obvious that Chen Qiaoshan does not care much about it.

Unlike other speculators, he is aware of the general trend of crude oil, this year and next, crude oil investment ranks first in the return on various assets, not surprisingly, after this round of shocks, international crude oil will enter a long period of rise.

Elliot couldn't figure out Chen Qiaoshan's thoughts, and he didn't think much about it, and asked directly: "Boss, do you think I'm qualified to laugh at a new billionaire?"

In those years, $5 million is enough to achieve financial freedom, let alone 50 million or 60 million.

Chen Qiaoshan smiled, didn't continue to dwell on the topic, he asked, "Why did you come here suddenly?"

Elliot said: "Cecil and Lu both suggested closing the position, they didn't receive a reply from you, and the phone couldn't get through, so I had to rush over." ”

Although it is the ECN electronic platform, but in Asia, the trading time is still in line with New York, and now it has entered the winter time, and New York has a thirteen-hour time difference, opening in the middle of the night every day, even if you can stagger the transaction, but Asia has almost no pricing power, the big market is staring at the European and American markets, unless you are a full-time trader, otherwise the iron man can not bear it.

Of course, Chen Qiaoshan can't personally watch the market every day, he has a lot of things at hand, and he also needs normal rest time.

He knew that the consolidation would not end before the end of the week, so he slept peacefully, and instead of thinking about it, he recruited Elliot.

Chen Qiaoshan didn't have any psychological burden, let alone a trip, even to see Tianjing and Hong Kong flying, it was really normal for Elliot, "I just read the report, and I talked to Cecil on the phone, and I have agreed to their plan." ”

The consolidation will last for two or three days to be seen, and the lowest range price should be able to break through 46 US dollars, although it is related to the profit of more than a dozen points, but Chen Qiaoshan has long been out of sight.

Elliot didn't expect it to go so smoothly today, he couldn't help but regret it, he knew it was like this, why did he go this way.

Speaking of which, it is still to let Chen Qiaoshan play cards out of common sense, and among the several taboos summarized by investment psychology, treating the financial market as a casino is one of the taboos.

Elliot felt that Chen Qiaoshan's speculation was too heavy, not so much that he judged the trend correctly, but that he bet on the right trend, once or twice, in the long run, when luck will eventually run out.

Those who drown will be able to water, and this saying is also true in the financial markets.

Fundamentally speaking, futures is not a profiteering industry, and there are indeed huge profits and losses, but the difficulty lies in stable profits, and the vast majority of speculators can be proud for a while, but in the end they will not escape the outcome of being bloodbathed by the market.

Elliot wondered a little in his heart, why Chen Qiaoshan lost his usual persistence and became much easier to speak, which made his words that he had prepared all the way suddenly useless.

But now is not the time to think about this, once he chooses to close the position, Chen Qiaoshan will have a large amount of money in the account, I also know that these money cannot be invested in the futures market at one time, as Chen Qiaoshan's personal financial advisor, this is the question that Elliot is most concerned about, "Chen, what are your plans next?"

is not only a financial problem, but Cecil and Lu Zhaolin cannot help Chen Qiaoshan indefinitely.

If you go through the channel of UBS, you must use UBS as a middleman, unlike the ECN platform, UBS is a market maker, and many variables have been added to the middle, the former is an online transaction, the price depends on the real market price, and the latter depends on the credibility of the trader.

Chen Qiaoshan is not worried about being cheated, but if you switch to UBS's channel, the execution price is actually determined by the market maker, and the transaction order will first be hedged internally by the market maker for long and short positions, and the remaining net position will be hedged by the bank or ECN.

In order to make up for the loss, the market maker will obviously passively close the position of the counterparty, or temporarily go to the ECN platform to hedge, which not only increases the transaction cost, but also greatly limits the yield.

What's more, some market makers simply do not hedge their net positions, which is a VAM.

Under this model, when the market fluctuates violently, market makers need to take huge risks, and if the amount of funds is huge, there are often opportunities to make a lot of bullshit.

For example, in the event of a huge loss, market makers may restrict customers from placing orders, and then blame the problem on network latency or system failure, which is common in domestic markets.

So far, many crude oil or precious metals transactions in the domestic market are not formal, and some of them are simply scammers.

Such as slippage orders, forced liquidation, delayed trading, background modification of trends and real-time prices, deposit and withdrawal control, etc...... All kinds of riotous operations make investors unable to guard against it, but they are helpless, and often make people lose their money.

Back then, spot silver was even on CCTV's 315 anti-counterfeiting list, but this was only the tip of the iceberg, similar illegal crude oil futures platforms, spot gold and silver, binary options, and fake stock index futures emerged one after another, causing a large number of investors to suffer heavy losses.

Chen Qiaoshan is not worried that UBS will cheat him, but due to risk and cost considerations, it is definitely not as safe as the ECN platform, which is why he chose to hire someone to do private orders in the first place.

In the current situation, there is not much room for choice.

"Elliot, after closing the position, all the funds will be withdrawn, and 10 million US dollars will be reserved, and the rest will be transferred to UBS's personal account. ”

Hearing this, Elliot smiled like a chrysanthemum on his face, "No problem, I'll do it as soon as possible." ”

No wonder he is so, who would have thought that in less than half a year, he would help customers earn more than 60 million US dollars, and the commission alone made Elliot happy.

As for how the money was earned and how much credit belonged to him in the middle, Elliot had no intention of thinking about it, no matter what, as long as he grasped Chen Qiaoshan, a high-quality customer, his goal would be achieved.