Cotton is a strategic resource, when the supply exceeds demand, the state will open a warehouse to receive, and when the supply is less than demand, the country will open a warehouse for storage. Pen "Fun" Pavilion www.biquge.info

The strange thing is that this year's cotton is a bumper harvest, and it stands to reason that the market is not out of stock. Also increase the intensity of storage? What's going on? For what reason?

"At the same time, we will increase the intensity of storage? Is the leadership of the cotton reserve a policy decided by patting his head? When he came to the futures company, the news Lei Hao got still didn't completely dispel his doubts.

Increasing the intensity of collection and storage is to collect more cotton from this year's harvest into the reserve warehouse, and at the same time release the news that it will increase the intensity of storage next year, and it seems that the two directions are hedging to offset the influence.

But this could lead to one thing happening: there is more of an artificial factor to cotton prices.

Xiao Peijie and Chen Xizhi didn't think so, they were quite anxious.

The project team is aiming at the cotton futures contract in May next year, which is completely affected by the release of storage, which is completely negative for them.

Do you want to withdraw? This is a very serious question, Xiao Peijie and Chen Xizhi retreated for the first time.

"No, the cotton 05 futures price on the 23rd is 10300, relatively speaking, it has fallen a little, but it is not big, and on the 7th of next month, it will rise back to 10545, which is almost no decline." Lei Hao felt very strange.

"Mr. Lei, should we ...... Withdraw first to wait and see? In the small conference room, Xiao Peijie couldn't help but ask.

Chen Xizhi also agreed: "Our position is very light and we can withdraw at any time. ”

"No, you don't!" Lei Hao waved his hand, the thoughtful look on his face did not weaken by half a point, but he still said firmly: "I feel that it will rise in the next two days, and the position building work can be slowed down a little, and when it falls a little more, we will replace the funds with positions." ”

"Up? It can't be. Xiao Peijie's mouth opened wide.

"If it's a 01 contract, it may rise a little, and a 05 contract should fall." Chen Xizhi also expressed his opinion.

"It rises first and then falls, and then it retracts, I think so." Lei Hao looked at the two of them and said categorically: "This is a negative, but at the same time, it can also be interpreted as a positive." ”

"Cotton storage, but the market demand for it is rigid, and the strength of storage is inevitably reduced by more warehouse receipts, perhaps...... It may go up by then. ”

The more Lei Hao thought about it, the more excited he felt, the cotton was put into the reserve warehouse, and then what? The supply of goods in the market has become smaller, what should I do? As a fund that is optimistic about the market outlook, you should take this opportunity to speed up the speed of opening a position.

And then what? After the news of the increase in storage efforts is released, cotton enterprises will definitely reduce their inventories before they are put into storage.

And then? Can cotton companies really get the list released by the cotton storage? Traders won't get a foot in the cracks? The bulls' funds are waiting to be fed.

And finally? If you can't get enough raw materials, cotton companies will definitely turn around and sweep the goods in the market, what will happen then?

The whole thing is linked one by one, and many market participants are weaving a net driven by profits.

Lei Hao felt that the object of being trapped at that time was likely to be a cotton company.

Thinking about the recent market, Lei Hao is now very curious, what tricks will cotton companies make, what will the market do, and what kind of situation is speculative funds quietly arranged?

Xiao Peijie and Chen Xizhi feel that Lei Hao's analysis this time is unreliable, and after the bearish comes out, the price of the underlying securities rises? This probability is very low.

"Although a slight decline is a good time to open a position, I am afraid that I will not see the bottom." Back in his office, Xiao Peijie was very worried.

"The most important thing is to have a bottom." Chen Xizhi also lost his confidence.

To open a position in the long term, to put it bluntly, is to slowly exchange funds into positions.

In a long-term bullish scenario, the price of the underlying security falls? It's easy to do, we continue to build a position, but our own position is actually to support the price, and there is a degree that needs to be grasped.

When it starts to rise to a high level from 10600, entering the long market is to grab funds with others, which will add a fire to the bullish sentiment of the market, which is not suitable for the project team.

Lei Hao's advice is very simple, when the price of the underlying security starts to fall from a high level, he asks the project team to start opening a position.

10500 has one or two thousand hands? Accepted.

10400 has two or three thousand hands? Bought.

10300 has five or six thousand lots? Yes.

Each price will provide a corresponding trading order when it goes down, and Lei Hao's purpose is to eat these sell orders and slowly exchange funds for positions.

He is also very aware of Xiao Peijie and Chen Xizhi's worries, which are nothing more than the fear of not seeing to the end, to be precise, afraid that they will not see the end in the short term.

Although a long-term decline is conducive to buying and building positions, what if it continues to fall? 10,000 hands, 20,000 hands dare to hold it, what about 30,000 or 40,000? After holding tens of thousands of open positions, does it continue to fall?

These are all costs, these will lead to paper losses, and these will also lead to the compression of profit margins.

And Lei Hao is not only doing long-term here, his Thunder Investment is also doing short-term.

The money given by Qingyu is long-term, Lei Hao only needs to open a position at the right price at this stage, and Thunder's funds are short-term, and the position is not high, but he will definitely ship at a high level within two days, that is, within two or three trading days, Lei Hao will add a boost to the decline in the price of the target.

Knowing that the price will fall to around 10,300 on the 23rd, Thunder's funds have even decided to backhand short at the recent high, and then ...... These selling orders are likely to be taken over by Qingyu's funds.

According to Lei Hao's thinking, although Xiao Peijie and the others did not speak, they knew very well in their hearts that if even one of them was wrong, Lei Hao was using Qingyu's funds to fill in the pit for himself, and he was also filling in the pit for the market.

"My arms can't reach my thighs, hehe, if this is Thunder's project, what will Thunder do?" Xiao Peijie was very bitter in his heart: "The more difficult it is to see the bottom, the more pressure we will have." ”

"Do your best, let it be the fate of heaven." Chen Xizhi can only do this.

On this day, Lei Hao obviously felt that the two backbone figures of the project team, Xiao Peijie and Chen Xizhi, were always reporting to him.

The content is also an analysis of the market and personal views, and the purpose is very simple, they all feel that they should suspend the opening of positions, and the underlying price is unlikely to bottom out in the short term.

Of course, Lei Hao can only refuse, his view is that he will bottom out in the short term and be optimistic about the market outlook, and the time is right to open a position at this time.

With his usual strength, Lei Hao almost single-handedly promoted the operation of the project, but after a few days, on Monday the 14th, he also felt that the eyes of several new subordinates were a little strange, as if they were ...... is suspected of harming the public and private interests. (To be continued.) )