Brookfield Asset Management, Chief Executive Officer's Office, CEO named Dai Yan, 52 years old, is an experienced macro investor, worked in Brookfield Asset Management for many years, under his leadership, Brookfield Asset Management has performed very well, bringing a lot of rich profits to customers.

Their Brookfield Asset Management has seen its assets under management grow year by year, with Brookfield Asset Management's foreign exchange trading division generating $5 billion last year alone. But today he never expected to cause such a huge loss, and he is also responsible! Previously, he agreed with Danny, the head of the foreign exchange department, and firmly shorted USD/CAD.

At the moment he was pondering, not saying a word. After all, the loss this time was too big, and it seriously affected his personal legendary reputation.

"Dai Yan, can we add new funds now? If there is, we will keep holding it!" Danny looked at Dai Yan with a gloomy face, and said again: "This time we won't increase our positions! Keep resisting, when the USD/CAD pulls back, slowly close the position and ship to reduce losses!", Danny looked at Dai Yan silently, and continued: "At present, the international oil price is still in a volatile trend, and there is still a new momentum for rising, once the international oil price is strong, the Canadian dollar is bound to be strong!"

But now that the available funds in their accounts seem to be unable to survive that moment, Danny regrets it very much in his heart, and is eager to get new funds, otherwise he has to stop his loss, and now that the highest risk line of funds has been triggered, it is also time to make a choice.

"Danny, it's impossible to have new funds! Recently, the company plans to jointly acquire Husky Oil! Preparations are already underway!" Dai Yan said with a calm face: "This time we have to stop the loss! The loss of $7 billion to $10 billion is not a small amount!"

They have a major oil company under Brookfield Asset Management called Sunkor Energy.

They now plan to merge Senkor Energy with two other Canadian consortiums, which are jointly controlled by the oil giants, to form a new oil giant company that will dominate the Canadian crude oil market! One of the stumbling blocks in front of them is the purchase of Husky Petroleum under the name of the Heung Kong consortium. With so much money lost this time, it seems that this acquisition may be in trouble.

"That's only a stop loss!" Danny said in a deep voice, "Now that USD/CAD has broken through the key resistance level, we still have time to stop the loss in time!"

Dai Yan was silent for a while and said, "Danny, how many funds are available in the account now?"

"With less than $7 billion in funds, and the USD/CAD rises by more than 120 points, we will blow up!" Danny said solemnly: "Since there is no money coming in, let's cut the meat, and treat the foreign exchange department as if the performance of the foreign exchange department is not good this year!"

At that time, the foreign exchange department was only 10 billion US dollars of operating capital, but his team has a very good record, a total of 17 billion US dollars in records over the years, and handed over 7 billion US dollars of profits to customers. Their operating capital has also become $20 billion. But at the beginning of today, he lost so much money, so that Danny also had no light in his heart, although he was unwilling, but there was no way!

"Cut the meat, stop the loss..." Dai Yan muttered to himself at the corner of his mouth, this time he may close his position to a huge loss of at least $8 billion, which will also have a huge negative impact on his reputation.

"Yes, my advice is to cut the meat!" said Danny

"Danny, with such a high loss this time, our customers will redeem a large amount of their funds!" Dai Yan said in a deep voice, "Have you thought about it?

"Tell the customer the truth!" Danny thought for a moment and said, "Tell the customers the truth!"

"Danny, don't worry, don't worry!" Dai Yan smiled faintly, and said to Danny with a serious face: "Isn't there still 7 billion US dollars of available funds?

Danny did not agree with Dai Yan's point of view, and said seriously: "Now the funds available in the account are less than 7 billion US dollars, and if the USD/CAD rises by 120 points, we will blow up the position, I have said hello to you before, our position needs to be controlled within a certain limit, but you have not listened, and reminded me, asking me to increase my position and short the USD/CAD! Now it has caused irreparable losses!"

Although Dai Yan is an excellent macro investor and can see the development scenarios of various industries, he is still a half-baked person for real transactions! I just like to use the macro theory that seems to be macro and non-macro to teach, but the trading market is ever-changing, unpredictable, chaotic, and irrational.

These macro theories seem to be like idiots, they don't work, but they often lead to misjudgments and affect the real right choice. Originally, he didn't plan to increase his position by so many lots, but Dai Yan asked him to keep increasing his position!

"Danny, I never asked you to increase your position to short USD/CAD!" Dai Yan looked at Danny with a smile and continued: "You have to figure this out! I have never said these things to you, you have to figure it out yourself! It was you who increased your position to short USD/CAD, and then caused such a high loss, it has nothing to do with me, you are responsible for the foreign exchange trading department!"

As soon as Danny heard Dai Yan's words, he immediately understood, sneered in his heart, and smiled: "I now say stop loss, cut meat, and then truthfully report the loss to the customer, but you obstruct me, want me to continue to resist the loss, and then expect the market to reverse, hehe, expect God's mercy? Your luck psychology is really ridiculous!" Looking at Dai Yan with a heavy face, Danny continued: "Now either inject new funds to continue to resist, or decisively stop the loss and cut the position!" Otherwise, once the liquidation is carried out, it is estimated that the $20 billion will be lost!

Now the situation is that USD/CAD is about to skyrocket, because the bears in the market are exhausted! They have to make a quick choice! Try to minimize their losses! Cut off one of their legs decisively to save their lives!

"Danny, it's not the time to despair, isn't there still 7 billion US dollars? You can still carry 120 points, there is no need to be pessimistic!" Dai Yan smiled and patted Danny on the shoulder and said.