Chapter 31: Entry
Fang Xinran, who entered the self-operated trading room, found that the computer was turned on, and the tea that Zheng Fan made with the big tea jar, Xiu Mei couldn't help frowning.
"No, I've already called a few good friends and notified them to come over in the evening, and now I won't do it, wouldn't it be a reversal. Why don't you have time? Tell your classmates as soon as possible, and it is estimated that Guo Dabao and them can all come over. Regarding Zheng Fan's affairs, Fang Xinran is obviously more concerned than his own affairs.
"It's too late, what should I do?"
Regarding Fang Xinran's sudden return, Zheng Fan saw that plywood futures had begun to collect auctions, and while he was anxious, he couldn't help but think about countermeasures.
"You seem to have been watching the trend of the financial market last night, and you are here today, do you want to buy and sell?" Sensing that Zheng Fan's eyes were full of thieves, Fang Xinran couldn't help but be curious, and leaned over to the computer to take a closer look.
"800,000 funds have been in place yesterday and transferred to the books of the Rainbow Investment Self-operated Department, which can't be put on hold forever, don't I want to try my luck?" Realizing that Fang Xinran wouldn't leave, Zheng Fan couldn't care so much, and sat in front of the computer.
"Is this a futures market?"
As a top student of the law department of Fuda, Fang Xinran naturally understands the futures market quite well.
"Hmm."
Zheng Fan lit a cigarette, his mood obviously began to change, and the whole person exuded a deep feeling.
"Do you want to speculate in futures? You are studying international finance, it is impossible not to understand the risks of commodity speculation, do you know how many people do futures and lose their money? In this market, if you have not experienced several liquidation experiences, it is difficult to improve the level of speculation. Fang Xinran's face was serious, and he was even a little impatient, wanting to dispel Zheng Fan's dangerous thoughts.
"It's about to start trading, let's talk less, if you're idle, just turn on the computer with a futures trading access line on the side, and help me place orders and trade." Zheng Fan took a puff of his cigarette and observed the call auction for the October plywood futures contract.
Feeling Zheng Fan's changes, Fang Xinran opened his mouth, but swallowed back the words that came to his mouth.
"Do you know anything about futures?"
The computer in front of Fang Xinran was opened, Zheng Fan helped her enter the password, and after entering the trading account of the Rainbow Investment Proprietary Department, he glanced at her and asked.
"It's okay, because it involves the laws and regulations of commodity trading, but I have done some detailed research on futures." Fang Xinran's tone was not very reluctant.
"It's really hard to study law, if you say so, wouldn't all walks of life have to be touched? Any idea what you're looking at right now? Zheng Fan stared at the changes in the call auction and asked with a sigh.
"Plywood 9610 contract? Isn't it simply a plywood futures contract that is about to expire in October '96? Although Fang Xinran's tone was calm, he was very nervous in the face of the futures market trend.
"What about the rules for trading plywood futures?"
Through the call auction, Zheng Fan found that the plywood October futures contract, the short side is obviously secretly exerting force, even if there has not been a match, but the price has begun to sink gradually compared with yesterday's close.
"Plywood futures contract, the trading unit should be 500 for one hand, the first day of the rise and fall limit, is 4% of the settlement price of the previous trading day, if the extreme trend continues, the range of the price limit will continue to increase, for the amount of positions also have requirements, the smallest price change unit, should be in each 0.05 yuan, as for the contract expiration to take spot trading, etc., now look at the October contract, but can not be considered." Fang Xinran's understanding of the basic situation of plywood futures really impressed Zheng Fan.
"Texhong company has the qualification of futures trading agent, with hedging needs, for the exchange side of the position limit, should be able to expand, the normal is not more than 160,000 hands, but with the current amount of self-operated funds, it is simply not so much." Looking at the 800,000 funds on the books, Fang Xinran didn't think that Zheng Fan could turn the sky upside down.
"The plywood October contract, the first one today, will be opened soon, if you open a position, calculate how much position you can do." Zheng Fan's eyes narrowed slightly.
"Now the price of the plywood October futures contract can be opened at about 43.40 yuan, a lot of 500 is 21,700 yuan, and Rainbow Investment because of the relationship between agents, the transaction margin can be pressed to 4%, 800,000 yuan If it is the limit to open a position, and then with 25 times the leverage, it can be enlarged to 20 million funds, so that 900 hands up." Fang Xinran said that later, he couldn't help but swallow a mouthful of incense.
"Plywood October futures contract, call auction 43.45 yuan, open and sell 900 lots, fast, fast, fast." Finding that the call auction was about to end, the bulls suddenly made a force to try to match the plywood October contract from 43.40 to 43.45 yuan.
"Perform extreme operations, and the slightest mistake will wipe out the whole army......"
The incident happened too suddenly, Fang Xinran's pretty face couldn't help but flush, and she raised her voice and shouted to Zheng Fan.
"You can say anything about it, but you must execute my operation instructions, otherwise you will go out from here, I am by no means joking with you, trading opportunities are often fleeting, especially in the futures market, there is no room for delay, and the operation is executed." Like a mad beast, Zheng Fan got up from his chair and roared, his eyes fixed on Fang Xinran's keyboard, putting pressure on her.
In the face of Zheng Fan's coercion, Fang Xinran felt that if she didn't follow the instructions, she was likely to be beaten.
"Do you know you're doing futures? This is fundamentally different from the stock market, a little wrong will blow up, especially to participate in the call auction before the opening, there is a great degree of uncertainty, before the price trend is not clear, the risk is self-evident...... "Fang Xinran said so, but has begun to operate the call auction pending order, at 43.45 yuan to open a sell position 900 hands short order, waiting for the matching.
It was less than half a minute before 8:59 in the morning, and seeing Fang Xinran use the electronic disk to hang up the empty warehouse that had been opened, Zheng Fan breathed a sigh of relief and sat back on the chair.
Unlike Zheng Fan's short-term relaxation, in the face of the uncertainty of the call auction, Fang Xinran only felt a little dizzy, and his heartbeat was speeding up.
"Let's not talk about the risk of extreme speculation, let's take a look at the trend of 10 futures contracts on plywood in recent times?" Zheng Fan handed the tea to Fang Xinran and motioned her to look at the K-line chart of the futures contract.
"In the past month, the October contract of plywood futures, most of which fluctuated in a wide range between 45 and 42 yuan, is currently in the vicinity of the central axis, and there is no strong trend, compared with the October contract, but the contract in August and September, showing a slow downward trend." Fang happily tapped on the keyboard quickly, constantly switching the trend of the contract in recent months to observe.
"Although the October contract trend is tangled, the price change repeatedly, but the recent transaction has been amplified, if it is not expected, it should be close to the time of change, once this balance is broken, it will form a wave of very operational opportunities." Zheng Fan said with a calm smile.
"How do you know the futures price in October, it will definitely go down, if it is upward, even if it rises by 1%, it is extremely dangerous for Rainbow Investment, even if Rainbow Investment has the qualification of a futures agent, but the funds on the books, in the Dalian Futures Exchange can not be faked, once the plywood futures contract in October rises, there will be a margin call to ensure the safety of the transaction, which also means that the limit of speculative operations, can not bear any risk." After Fang Xinran finished speaking, he took a big sip of tea, wanting to calm his nervous mood.
"Boom!"
Without waiting for Zheng Fan to give an explanation, the first transaction of the plywood October contract was opened on time at 8:59, which also means that the bidding is over, and no more call auction orders are allowed in the next minute.
"Good ......"
Seeing that the first transaction on the disk happened to be opened at 43.45 yuan, Fang Xinran couldn't help but be surprised.
At the same time, Fang Xinran also found that the first transaction of the plywood October futures contract reached 3,000 hands, standing at 43.45 yuan, waiting for the number of new open positions, and even 1,050 hands left, which brought people the feeling that the end could be described as a thunderous pressure.
"If there is no deal in the selling position of our Rainbow Investment Call Auction, it is also because of your hesitation and missed the opportunity." Zheng Fan's eyes flashed with a gleam, and a light smile appeared on his face.
Although Zheng Fan's ridicule could be heard, Fang Xinran still checked the day's entrustment transaction on the electronic disk account for the first time, and only reluctantly relaxed after confirming that 900 hands of selling positions had opened all the call auction transactions.
"The opening of the transaction of 3,000 hands, which is equivalent to leveraging more than 60 million yuan of spot, it seems that today's plywood October futures contract market is destined not to be calm!" For Zheng Fan, who was just smiling and not speaking, Fang Xinran couldn't guess his thoughts.
"Relative to yesterday's closing settlement price, it is only flat, a minute after the official trading at nine o'clock, to a large extent, will determine today's price posture, since there is a big main force in operation, this minute is the best opportunity to set the tone for the whole day's trend, if I am trading, I will not let go of the initiative immediately after the opening." Looking at the remaining 1050 empty orders on the disk, waiting for the deal, Zheng Fan obviously has certain expectations for the main force of the short side.
"If you throw away the 900 new short positions of our Rainbow Investment, just look at the opening of the plywood October futures contract today, the long and short sides should be evenly matched, I want to know, why do you join the short camp when the call auction?" Fang Xinran suppressed some worries and asked Zheng Fan curiously.
Looking at the remaining 1,050 short orders on the short side of the call auction, Fang Xinran also understands that at least the main force of the short side of the plywood October futures contract this morning occupies a short-term advantage.
(The second update, in the past years, asked for various tickets.) )
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