749 Bank of Scotland's Quick Choice (Required)
At this moment, far away in the UK, the Royal Bank of Scotland, the foreign exchange group of the trading department, the whole trading room is filled with an atmosphere of fear, today the pound / dollar rose again, from the 1.6600 position to the 1.6660 position, a total of 60 points!
GBP/USD has been rising for 6 days in a row, the daily chart is bullish every day, and now they are all starting to despair!
Now they have a short position of 4 million GBP/USD in their account, with an average opening position at 1.6400, a fluctuation of one point is a profit and loss of $40 million, and they are currently losing 260 points, a total floating loss of $9.2 billion!
And GBP/USD is still so strong!
Today, other British currencies are also rising! Losses totaling more than $6 billion!
They currently have a total loss of $15.2 billion in their accounts!
Now it's time for them to really face a life-or-death choice!
Yesterday they hesitated without a stop loss and chose to continue to wait and see, but the continued surge in GBP/USD made them see no hope!
One trader's heart trembled and asked, "Brothers, how do we choose this time?"
"Do you want to close the position?"
"Now there is a floating loss of $15.2 billion, and if the position is closed, it is estimated that the real loss is more than $18 billion!"
This time they have too many short positions, 4 million lots on GBP/USD alone!
If a short position of 4 million contracts of GBP/USD is closed when the GBP/USD rises strongly, it is equivalent to buying a long position of 4 million hands when the GBP/USD rises, which will definitely accelerate the surge of GBP/USD!
He was also very worried in his heart!
For the huge losses that are about to come, he can't sleep all night!
Another trader lost his soul and said, "Yes, this loss is not small!"
"The Bank of Scotland has lost a quarter of revenue!"
He was very desperate in his heart, he didn't expect the GBP/USD to be so strong! When they started to open a position, the GBP/USD was extremely weak, and their account had been in a state of floating profit, but then it completely changed, and the GBP/USD fluctuated at a low level for many days, and was completely supported, and then because of the British Prime Minister 'Karen' and the Federal Reserve's Zhu Xiyellen, the GBP/USD actually had a shocking reversal!
He could only watch this scene, watching the account change from floating profit to floating loss, and then the floating loss became bigger and bigger.
They misjudged the situation, and they had so many positions that it was very difficult to get out of the market!
It can be said that it is easy to get in, but it is difficult to get out!
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At this time, a trader said anxiously: "Now the question is whether the GBP/USD is still rising!"
"Gentlemen, make a decision!"
"If you hesitate, it's over!"
He wants to close the position in his heart, and it may be too late to cut the warehouse and cut the meat now, otherwise he will really lose the scum at that time!
Now the pound / dollar is so strong, it has been rising for six consecutive days, and tomorrow the pound / dollar will continue to soar at the rhythm, and now it does not look like it has peaked at all!
He was terrified!
Suddenly, he said: "Gentlemen, let's quickly admit our mistakes to the market!"
"Admitting mistakes and admitting compensation is not a difficult thing!"
At this time, another trader put forward a different opinion, and immediately said with an indignant face: "In this case, admit your mistakes and admit compensation?"
"What if GBP/USD peaks as soon as we close our positions?"
The crowd was silent.
After a while, a young trader hesitated for a moment and stepped forward.
"Now GBP/USD has been up for 6 days!"
"As long as we continue to resist for one day, we will resist for seven days!" said the trader and began to talk about the philosophical proposition!
"Gentlemen, it took seven days for God to create the world!"
"Of the 6 days God is at work, but on the seventh day God begins to rest!"
"Now GBP/USD has been rising sharply for 6 days in a row, and tomorrow may be peaking!"
"By the time of the next week, GBP/USD will start falling!"
"Now there are a lot of bulls in the market, GBP/USD has risen so fiercely, they continue to hold positions, when the GBP/USD rally slows down, encountering resistance, I think those bulls will definitely frantically sell their positions, profit and leave, after all, there are no fools in the market!"
"There are no fixed longs, no fixed shorts!"
"As long as we are stubborn!"
"I have two suggestions, the first is to continue to resist until the opening of next week!"
"The second suggestion is that we start closing half of our positions tomorrow and keep the other half of our positions open!"
"If GBP/USD peaks this rally, we can hold the other half of our position until we make a profit!"
"What do you think, gentlemen?"
Such a young trader's name is Hunter, and he has just entered the foreign exchange trading department, because he is a fledgling, many old traders never take him seriously.
At this moment, everyone was surprised, and after everyone's discussion, they chose the second suggestion, that is, to close half of the position in their hands and keep half of the position to continue to hold until the end!
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In the end, everyone did not expect Hunter's suggestion to save the performance of the Bank of Scotland this year.
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Time flashed by, and the next day Chen Hui got up early, and after breakfast, he opened the chart of the Hang Seng Index and watched the Hang Seng Index jump by 300 points!
Chen Hui was shocked, and the Hang Seng Index closed at 22600 yesterday. At the opening of today, it jumped 300 points more and opened at the 22900 position!
After the opening, the Hang Seng Index continued to rise!
"My goodness!"
"This Hang Seng Index is really crazy!"
"Fortunately, the short position of the black shirt capital was closed in time, otherwise I don't know how much profit I will lose in this wave of surge!"
Chen Hui already knows how many billions of Hong Kong dollars Temasek Holdings has lost this time!
A total of more than 300 billion Hong Kong dollars, but the black shirt capital only made 175 billion Hong Kong dollars, which shows that there are still many investment institutions that are crazy to make profits, not to mention that this time there is not only Temasek Holdings A company lost money!
"Now it's a completely trampling trend, and the high-level bears are frantically closing their positions!"
"But it's hard to get out!"
At present, Ling Yu'er's account holds a total of 40,000 long positions in the Hang Seng Index, with an average position of 21,600 positions, and a fluctuation of one point is a profit and loss of 2 million Hong Kong dollars, and now it has made a profit of 1,300 points, with a total floating profit of 2.6 billion Hong Kong dollars, plus the initial principal of 200 million Hong Kong dollars, and now Ling Yu'er's account net value has reached 2.8 billion Hong Kong dollars.