Zhang Feiyu arrived at the company, greeted Zhou Yunfei and them, and then waited for the soybean oil to open.

Zhang Feiyu turned on the computer, and although the domestic market has not opened, the U.S. crude oil has already opened for trading.

Zhang Feiyu logged in to the external disk account, and the U.S. crude oil opened slightly higher, and now the price is around $90.20, in fact, this has little impact on Zhang Feiyu's operating philosophy.

Zhang Feiyu's plan is to wait until the U.S. crude oil rises to $95, the 20 million funds in his account are basically doubled, and Xia Xiaoyun's account should also have a profit of 15 million, and then increase all the profits, and wait until the end of January 08, that is, after the U.S. crude oil broke through $100 for the first time, all the positions were cleared and left.

After a while, the domestic futures began to trade, the opening price of soybean oil was around 11650, and there was no great fluctuation on the first trading day after the holiday.

Capital

Zhang Zihao was finally no longer calm, seeing that he missed a good opportunity to open a long position in soybean oil, he regretted it and wanted to slap himself a few times.

Zhang Zihao looked at the plate, the current price is higher than the highest price before the holiday, Zhang Zihao has been entangled in his heart from before the festival whether to open a position to buy, but now the price of soybean oil is getting higher and higher day by day, and he is unwilling to hold the currency in his hand and wait and see.

Finally, Zhang Zihao couldn't help it when he was about to close in the morning, and asked Wang Ning to buy 2 percent of the soybean oil and 2 percent of the soybean meal short order, which was locked with the soybean oil.

The so-called locking is the meaning of locking, which generally refers to an operation method in which futures traders open positions in equal quantities but in opposite directions, so that no matter where the futures price moves (or rises or falls), the profit and loss of the position will not increase or decrease.

It's just that Zhang Zihao is not locking the same variety now, but locking through related varieties, but the trend of soybean oil and soybean meal is still very different, and there will even be a reverse trend.

Usually, in the case of profit, the lock is applied more, and the market is judged to move in an unfavorable direction, but when the general trend remains unchanged, the lock position is carried out to lock in profits.

As soon as Zhang Zihao made the order, the big boss Xu Xiang came, which did not have any warning in advance, which made Zhang Zihao a little confused about the intentions of the big boss Xu Xiang.

"Mr. Xu, why did you have time to come here today, and you didn't call me before you came?"

Zhang Zihao let Xu Xiang into his office while busy making tea.

"I also made an improvisation, what list do you have in hand now?"

"Long orders for soybean oil and empty orders for soybean meal?"

Zhang Zihao didn't understand why Xu Xiang suddenly asked about his operation, whether it was his own operation or when David was there, Xu Xiang basically didn't ask about this kind of thing.

"In this way, you have now put out all the lists of soybean oil and soybean meal, and changed them to empty orders for soybean oil, and now the funds of 600 million in the account are too little, and I will add them to 6 billion for you. ”

Xu Xiang seems to have come after making a trading plan in advance, which makes Zhang Zihao really don't understand, soybean oil is obviously rising now, why should he go into a short order.

"Mr. Xu, now the soybean oil is rising very strongly, if we short orders, this is a contrarian operation?"

"You don't have to worry about this, I am free to arrange, you can listen to my instructions when the time comes, remember, don't give your own orders this time, everything is subject to my arrangement. ”

"Okay then, Mr. Xu. ”

After Zhang Zihao finished speaking, he hurriedly asked Wang Ning to close all the long orders of soybean oil and the short orders of soybean meal.

"Brother Zhang, why do you have to close this list just now?

"This is what Mr. Xu asked, I can't be the master now. ”

Zhang Zihao: No, what does Xu Xiang mean tomorrow? The capital has been increased to 6 billion? Bucking the trend and shorting soybean oil? Xu Xiang is in charge personally?

"Do you always want to ......?"

Zhang Zihao didn't dare to think about it, this is a big taboo in the market? If you really want to use your capital advantage to disrupt the market, the regulators will not sit idly by at that time!

Although Zhang Zihao thought of this, he didn't dare to ask Xu Xiang clearly, after all, in his heart, Zhang Zihao was still a little afraid of Xu Xiang.

"Mr. Xu, the list is all out, I don't know when you plan to buy a single soybean oil?"

"What is the price of soybean oil now?"

"Around 11650. ”

"In this way, you first let Wang Ning and them make all the 600 million funds in the current account above 11650 into short orders, remember, you have to eat slowly, after all, there are still a lot of follow-up funds, don't worry. ”

"Okay, I know Mr. Xu, but now it's full, I'm afraid of ......"

Zhang Zihao is afraid that after the warehouse is full, if the soybean oil market rises again, it will be troublesome.

"What are you afraid of, with me, rest assured, you don't look at the total position of soybean oil now, is it possible that it can blow us up?"

"Yes yes yes ......"

Zhang Zihao completely believes his guess now, Xu Xiang just wants to rely on the advantage of funds to control soybean oil, but as such a senior investor, there is no reason for him to choose to control soybean oil at this time?

Although Zhang Zihao thought so in his heart, he still conveyed it to Wang Ning and them according to Xu Xiang's instructions.

Zhang Zihao took a look, and now the total position of soybean oil is only 40 tens of thousands of hands, according to the quotation of 12,000 hands, the funds in the field are only 50 billion, and they are divided into two camps, that is, the funds in the hands of the long parties are only 20 billion.

If Xu Xiang takes out 6 billion funds to short, as far as the current situation is concerned, the parties will definitely not be able to parry, Xu Xiang wants to use 6 billion to crush the bulls.

In the afternoon, soybean oil opened directly to a pullback of more than 30 points, and the quotation hit directly around 11550, after which the trend of soybean oil appeared an unprecedented strange trend, as long as it reached 11600 above, there were a large number of bears entering the market, and the bulls hit five or six times in a row and did not rush over.

Zhang Feiyu also saw this phenomenon, Zhang Feiyu keenly felt as if there was a big amount of money against him, and the bulls' many charges were beaten down.

Near the close, the soybean oil bull camp has loosened, and many bulls have closed their positions and withdrawn, which made soybean oil fall by more than 50 points in the late session.

"Yunfei, what is the average price of our positions now?"

"On average, it is around 11460, which is about 100 points away from the average price of our position. ”

"How's the position?"

"The small funds are basically full of Yuge, and then these hundreds of millions of funds are held at about 8 percent, but if they fall like this, our positions will be even heavier. ”

Zhang Feiyu looked at the time, there were still more than 10 minutes before the closing, Zhang Feiyu tried to recall that the price of soybean oil 14,000 points was in 08 months, Zhang Feiyu thought that it should be at the end of February and the beginning of March, because soybean oil is traditionally a peak consumption season during the Spring Festival, and the end of February is just after the Spring Festival.

"Yang Xue, you reduce the position of the small capital account to less than 5 percent, Yunfei and yours are also reduced, all of them are reduced to less than 5 percent, remember, don't worry, you can't reduce it today, you can slowly reduce it tomorrow. ”

Zhang Feiyu feels that the bears' funds should be just a small test today, and there may be big moves later, but no matter what, the general trend will not change, but we must first avoid this wave of menacing bears.

Although the bulls on Zhang Feiyu's side are slowly reducing their positions, the retreat of hundreds of millions of bull funds still makes the soybean oil fall by more than 30 points, and the final soybean oil closing price is 11520, and Zhang Feiyu's profit has been half back.

"How's that? How many positions are there?"

Zhang Feiyu was anxious to know the current position, and asked Zhou Yunfei after the market closed.

"The time is too short Brother Yu, the small capital is reduced to less than 5 percent of the position, but the big capital still has 6 percent of the position. ”

"It doesn't matter, continue to reduce tomorrow, try to reduce the small funds to less than 2 percent tomorrow, and the large capital account should also be below 4 percent or lower, as long as you ensure that you don't lose money. ”

"Okay, I understand, Brother Yu. Isn't soybean oil going to change Brother Yu? Didn't you say that there is still a high point above?"

Where can Zhou Yunfei see the mystery of the plate, and asked a little puzzled.

"Don't worry, it will rise back, but today the soybean oil market seems to have new funds coming in, and it is on the bearish side, let's avoid the fierce offensive on their side first." ”

Zhou Yunfei and Liu Peng heard Zhang Feiyu say this, how did they feel like they were on the battlefield.

"Brother Yu, why do you say it looks like you're fighting, it's so mysterious!"

Liu Peng didn't understand the mystery even more, and said jokingly.

"This is the battlefield, you think, there are only bulls and bears in futures, this is like two camps, whoever has greater strength has a greater certainty of winning, but if you make an order against the trend, then the victory is only temporary. ”

What Zhang Feiyu said made Zhou Yunfei and Liu Peng have gained more knowledge, but they felt a little sorry for the profits withdrawn.

"I knew that I would close a part of Brother Yu this morning, and now it is half of the profit from the highest point in the morning. ”

"The key is that we have no way to know Liu Peng early, this short capital came in the afternoon, I always feel that the other party seems to know our cost price, yes, it will be beaten down to more than 11,600, you see, the top ten positions today, the bears came in about 300 million funds, I have a hunch that soybean oil this fight, will definitely be bloody, it will definitely be very tragic. ”

After the close of each day, the exchange will announce the long and short positions of each variety, and it is necessary to pay attention to the top 10 positions and position changes.