Chapter 528: The Decisive Factor
"So, we played a big role?" took the task given by Wang Nuo in a little confusion, but Green, Jonas and Oreno still couldn't come back to their senses.
It seems, it seems, it seems...... I got 40 million from 180 million out of 180 million, and more than 37 million was given to a "scumbag" trader, and another 100 million was taken by Wang Dashan to "realize the value of life".
I still feel that I have contributed a lot to Mao? The three foreigners in the green corner were a little unable to turn a corner at first.
But financial practitioners may think about many things, but the final solution is always simple: look at the numbers.
Approaching 180 million US dollars, Green Corner sincerely gave a plan, and finally ...... Wang Nuo sent them away for $40 million.
When you think about it, it may be a difference in philosophy, but it is always problematic.
After Green, Jonas, and Oreno came back to their senses, there was no anger in their hearts, because Wang Nuo's starting point and attitude were no different, but a competitive mood rose.
"There is still a divergence of our views. Green, Jonas, and Oreno exchanged glances, and Green said, "Wang's view of the market is different from ours, and his risk tolerance and expectations are also different. ”
"We didn't go wrong. Jonas shook his head and said, "Even if he eventually surpasses the yield side, our conclusions are not wrong at this stage of the market." ”
"According to our investment strategy, we can get as much return as possible while minimizing risk. Oreno also smiled wryly.
Risk and return show the optimal allocation, is the pursuit of financial investment, Green Corner's plan is right, their experience and strength are at the peak, even for short selling Australian dollar investment, Green Corner also takes a combination of points and lines, but the Australian dollar is they have been tracking for several months, and the yen is different.
The yen exchange rate may be in a period of violent shocks, and it is easy to make a large loss when making unilateral investments, and it is a good plan to make stable profits if you do not set the take-profit price or set the take-profit price too high.
Wang Nuo's choice, Green Corner still felt that it was risky, but through Wang Nuo's attitude of "treating money as dung", Green Corner recognized Wang Nuo's "investment psychology", and they had no position to persuade them.
Things became very simple, the only thing that could be done between Green Corner and Wang Nuo...... It is a competition that does not hurt the harmony and sees who has a more accurate understanding of the market.
Wang Nuo knows this very well, his team members also understand, and as people in the industry, everyone also knows that this kind of competition seems to have no negative effect, but in fact, the outcome of failure is quite miserable, at least ...... Status is outstanding.
"Are we going to compare the yield with the green corner?"
"Their plan is really good. ”
"But the yield will not be much higher, which reduces the risk, in fact, it also sacrifices the expected return. ”
"So, in fact, until now we only look at ourselves. ”
"It's just to pull the green corner in to help us guarantee the bottom of our investment plan?"
In the conference room allocated to Wang Nuo's team by Tyrone International, Ye Yaohua, Yuan Rongxin, Lu Jianming and Meng Han were all a little imaginative.
Green ten cents, what they are best at is high-frequency trading, they also make high-risk investments, but even the time when they shorted the Swiss franc, there was a lot of high-frequency trading in it, in this field, they are the top in the world, saying that the first may be unstable, but the top three is definitely okay.
Meng Han and others never expected that they would compete with Green Corner for the same market in terms of yield, and after the other party entered the field they were good at, they adopted different investment strategies.
Ye Yaohua wants to trade, and is holding the same funds as the green corner, for a predetermined range of investment, if the green corner may touch 0.05% of the income to reduce the position, Ye Yaohua may be 0.1%, 0.5%, or even may not set a take profit, directly to the point to open a position to bet on the unilateral, which involves the adjustment of the position structure, the selection of entry points and other things, are not one or two people can do it.
Wang Nuo's main direction is more concise, he bears the possibility of huge losses, but also looks at the unlimited expected return.
From Green Corner to Ye Yaohua to Wang Nuo, the investment risk of the three parts of the fund is from low to high, the maximum rate of return is also from less to more, and the maximum loss range is also from less to more.
"Now that the yen exchange rate has stabilized a little, it will depend on whether the market will give it a chance. Wang Nuo immediately turned his mind to the market.
Negative interest rates on the yen mean that the carry trade will be extremely crazy, and the market in the past few days has confirmed this.
After deciding to be bullish on the depreciation of the yen, financial institutions do not mind borrowing large amounts of yen to exchange them for other currencies and then lending them out to hedge.
From a quantitative point of view, it is equivalent to the fact that as long as someone borrows yen, there are institutions that dare to borrow it, and the yen borrowed at the same time will be exchanged for other currencies, which is a factor that promotes the depreciation of the yen.
In the same way, according to normal market psychology, the depreciation of the currency will make currency holders resolutely exchange currency for other assets, monetary assets are assets, and fixed physical assets are also assets, so the Japanese authorities hope that yen holders will resolutely carry out "buy, buy, buy" actions in Japan.
This is because if the yen's depreciation increases, many market participants will think that it is profitable to buy fixed assets and participate in real economic activities, which in turn will create a delicate balance.
When economic activity is stimulated and liquidity is available, Japan will not be deflationary, and they can look forward to economic recovery.
But the tragic thing is that the liquidity of the yen is too good, and the interest rate is very low, so it is used by a large number of institutions to carry interest, and if the depreciation is not given at one time, the fruits of the depreciation will be swallowed up by the financial market, which is why Japan decided to have negative interest rates, and they must take risks.
Wang Nuo and most of the international financial institutions have seen the possibility of the yen's appreciation in the negative interest rate of the yen, to be precise, they first saw the existence of several patterns, and now everyone is waiting for the arbitrage space to be maintained or narrowed, or even disappear.
The arbitrage space has always been, and there is a great possibility that the yen will appreciate, and the arbitrage space will shrink to a normal number, and the yen will stabilize and the arbitrage space will disappear, so it is possible to further depreciate again.
Wang Nuo believes that the arbitrage space is very likely to be maintained, and the continuous depreciation of the Australian dollar against the US dollar may be able to reverse the probability of the US dollar stabilizing, otherwise...... The Australian dollar will fall badly against the dollar.
For example, when the yen depreciated, the dollar was pulled down by the slight appreciation of the euro, and the wonderful thing is that part of the appreciation of the euro came from the depreciation of the yen, and the depreciation of the yen also added a little help to the appreciation of the dollar.
If Wang Nuo is in charge of the Federal Reserve, the European Central Bank, and the Central Bank of China, he will certainly not be able to bear it.
Therefore, the emergence of space, the entry of funds, the tacit understanding, the yen must die, Wang Nuo believes that the major financial institutions have actually reached a consensus, and even ...... There has already been a preliminary exchange.
On the 10th, Monday, the market opened, the yen fell, the dollar broke 117 against the yen, the yen was willing to sell, the exposure widened, and the funds were ready to move.
The high-frequency trading of the green corner and the high-risk investment of Wang Nuo also started at the same time, and whether the arbitrage space can be maintained will be the decisive factor in the trend of the yen.