Chen Hui thought for a while and continued: "Continue to short the world's major indices at night, if you can, I will allow you to use 60% to 70% of your funds!!

Chen Hui couldn't help but regret that the leverage was too small this time, and he would have applied to the banks for a change in his own knowledge, but he had so many accounts, but each account was full of small funds, and it was not very convenient to apply for a higher leverage!

"Yes! boss!" everyone immediately became excited, they often short to make money, especially when smashing the market, they feel very exciting and refreshing, just like the Nikkei index has been smashed by them in the past few days, they are very excited and comfortable.

··

At this time, in Toei, an old building in Tokyo, Sparx Asset Management Company, in the trading room, Abe Hidehei looked at the trend chart of the Nikkei 225 Index with a somewhat heavy face, they have been increasing their positions to long the Nikkei 225 Index, but they didn't expect the Nikkei 225 Index to fall sharply these days. They all took advantage of the low level to buy the Nikkei 225 index, which led to their average opening position at the 15,300 level.

They currently hold a long position of 500,000 contracts in the Nikkei 225 index, with an average opening position around 15,300, and at the moment their account is starting to lose money due to their recent continuous increase in positions in the Nikkei 255 index.

Thinking of this, Abe Hidehei can't help but regret a little, he has been bullish on the Nikkei 225 index, they have held a long position in the Nikkei 225 index for a long time, the Nikkei 225 index has risen sharply, they hold 200,000 hands of the Nikkei 225 index long position, has been making money, he thinks that the Nikkei 225 index bull market is coming, but he didn't expect that this time in just a few days to pull back so many points, he has been increasing his position when the Nikkei index is pullback, so that now he is actually starting to lose!!

At this time, everyone saw that Abe Hidehei was silent, and immediately spoke

"President, will we continue to increase our position tomorrow and go long on the Nikkei 225 Index?"

"President, our current account has been increasing its position when the Nikkei 225 index has fallen sharply recently, so it is now starting to lose money!"

"Do we have too many positions?"

"President, do we want to stop the loss, now the Nikkei 225 index has a sharp decline!"

··

Abe Hidehei said in a deep voice for a while: "We continue to increase our positions, we can't lose money in this battle, we must show our performance at the beginning of this year, otherwise we will close our doors this year!"

"The fundamentals are now in favor of the Nikkei rising!Trust me!!"

For most investors, the market has long since been left behind: the devastating tsunami, the nuclear reactor leak, the change of six prime ministers in five years, the appreciation of the yen to a new post-war high, and the staggeringly high government debt...... However, even in such a harsh living environment, there are still a group of hedge fund managers who are holding their ground. Among them, their hedge fund was once the largest hedge fund in Toei, and he was also one of the most talked about fund managers, and he was the president and CEO of the Sparx group of companies.

He founded SPARX Asset Management Co., Ltd. in 1989 just as the economic bubble burst in Dongying. In the 23 years that followed, Abe outwitted the company's volatile stock market, and in 2007, the company's assets under management reached $20 billion, making it the largest hedge fund in Asia at the time.

Sparx, whose name derives from the acronym "Strategic Portfolio Analysis Research Experts," is a hedge fund with multiple strategies, while Abe specializes in fundamental research.

In the early years of its existence, Apei Xiuping was in the spotlight for investing in small listed companies. His company's first fund, The Sparx Japan Small-Cap Equity Fund, has consistently outperformed.

Since 1997, he has been investing in a long-short strategy. With the passage of legislation in 2000 to allow hedge funds to officially operate in Dongying, international investors began to be willing to allocate to the rapidly growing Dongying hedge funds, and Sparx's business ushered in a tremendous growth. In March 2002, Abe established The Sparx Japan Stocks Long Short Fund, which had returned 72 percent by the end of 2007, higher than the Nikkei's 48 percent gain over the same period.

But during the 2008 financial crisis, Abe was hit hard. After suffering heavy losses in 2008, the Tokyo-listed Sparx Group barely earned a net profit of 398 million yen (US$4 million) in the 2009 fiscal year and has not made any money since.

In 2012, the company's share price also fell to 60 yen from 300 yen before the crisis, and the Toei rating agency has downgraded it to -BBB with a negative outlook. Mr. Abe also had to cut the company's total headcount by nearly half to 180 and cut annual expenses by more than 60 percent.

Today, Sparx's AUM has fallen to $7 billion, giving up early onto Asia's largest hedge fund.

After everyone heard Abe Hidehei's words, some unoptimistic traders fell silent, the company led by Abe Hidehei has been losing money all these years!

Looking at some silent traders, Hidehei Abe said, "Before, after the snowstorm ended, spring and summer would come, but this time I realized that we can't wait for the next spring and summer!!"

·“ We can't wait any longer!"

An old trader sighed inwardly: "What if the blizzard only pauses for a while, and then there is a bigger blizzard!"

He really objected to continuing to increase their positions in the Nikkei 225 index, their original account was very profitable, but because the Nikkei 225 index fell all the way, they increased their positions all the way, resulting in their accounts now starting to lose money.

Thinking of this, he said: "President, we made a profit of hundreds of millions of dollars in our account before, and you did not choose to close your position, but continued to increase your position and buy when the Nikkei 225 index was pulling back, but now the trend of the Nikkei 225 index is very bad! Although the fundamentals are good for the Nikkei 225 index, we may not be able to withstand a round of correction in the Nikkei 225 index!"

"If you increase your position like this, we may blow up our position during the big pullback!"

"Fortunately, the leverage we used this time was also higher, otherwise our margin would not be enough!"

Abe Hidehei's face immediately sank and said: "Baga! The Nikkei 225 index has pulled back at the key support position, this is a very good point to increase positions and open positions, you shut up for me!"