Chapter 90: Crazy Ascension (3)
It's just that they are doomed to be disappointed, because on this day, there is not only one bullish main force pulling up the copper price, but two or even three bullish main forces pulling up the copper price, including not only the famous quantum fund, but also the Yasuo Hamanaka, who has been dominating the copper market.
After the price of copper futures stayed at $2,032, the volume and speed of transactions began to slow down, and the upward offensive also weakened. The bears saw the opportunity and did not hesitate to open a short position with a total number of close to 5,000 lots, and in one fell swoop pushed the price that was still on an upward trend to $2020, and it is still falling.
"Hamanaka-san, are we ......" In the trading department in London, a trader whose face had turned red no longer took care of the most basic etiquette, and asked loudly to Yasuo Hamanaka, who was still an old god.
"Fujiwara-san, is this your attitude towards your superiors?" Before Yasuo Hamanaka could react, another trader surnamed Fujiwara, who was obviously older than this one, immediately questioned loudly: "Yaga, the spirit of the Yamato nation is bad in the hands of people like you, what a shame on the country!" ”
Japan is a hierarchical society, and this notion has permeated all corners of society, even in large clubs known for their modern management, especially among the older ones, and the iron rule that no class can be overstepped.
But the new generation of Japanese has gradually been westernized and has begun to speak out against this hierarchical society, which is why the trader in Weishenme dared to question Yasuo Hamanaka, and why Weishenme was immediately and severely reprimanded as soon as he said a word.
People with old ideas want to maintain the original system. The new generation is eager to take the plunge and ready to challenge these potential rules.
This is what Yasuo Hamanaka is thinking in his mind now, and he still wants to listen to the next argument between the two, but the trader named Fujiwara is dumbfounded first, maybe he doesn't care about the spirit of the Yamato nation at all, and he doesn't care about the shame of the country, but he cares a lot about the job in London.
Unlike most of the countries listed on Shijie, Japanese companies generally implement a lifelong employment system for employees, that is, when an employee enters a company, the salary and other aspects are basically linked to the number of years of service. If there are no accidents. This employee has been in this company for the rest of his life.
Japanese companies have a strong sense of social responsibility, especially large companies have a strong sense of cultivating talents for the country, so Japanese college students learn theoretical things in colleges and universities, and then continue to train in companies for three or five years. Then engage in higher, more refined, and more specialized research.
This is very different from the enterprises of some so-called large countries. Although in later generations, the GDP of some countries has surpassed that of Japan to become the second in Shijie. However, there are not many companies that really have a sense of social responsibility and honor, or even a pitiful few, even those that have entered the top 500 companies. The relationship with employees is nothing more than mutual use.
What's even more ridiculous is that employees work hard to make money, and corporate capital profits, which is a natural thing, but some companies want to create their own corporate culture in the name of beauty, and the ultimate goal is still to let employees work hard and not ask for returns!
Yasuo Hamanaka opened his eyes leisurely, looked at Fujiwara Ze with an angry face, and then looked at another open-mouthed trader, and then said slowly: "What is our current position?" ”
"12,203 lots, except for the short positions partially hedged in the far month, about 10,000 other hands are long positions, with an average price of $1,978." As soon as Yasuo Hamanaka's voice fell, Fujiwara Ze immediately replied.
"Close the new position opened today by 1,000 lots and try the market's reaction." Yasuo Hamanaka glanced at Fujiwara Ze deeply, and then said a little carelessly.
"What?" Now not only Fujiwara, but even the older trader just now was a little confused, according to the strategy they had formulated before, but to pull up the copper price in one go, but now they want to close a part, isn't it at this time to add a liliang to the bears out of thin air?
Yasuo Hamanaka didn't explain either, and at this point, he basically didn't need to explain to anyone in the Sumitomo Trading Division in London. He nodded slightly, indicating that he had nothing else to say. Seeing this, the two traders bowed and left in amusement, and then went to give the order that puzzled them.
In the heart of Yasuo Hamanaka, he has always had doubts about the intention of a long shili that appeared some time ago, but this does not prevent his trading jihua. In fact, when Zhongshi's funds to pull up the price of copper appeared, he initially thought it was the long shili a few days ago, but after looking at the segment line a few times, he found that in the large transactions, the shili with long stocks was basically concentrated in the morning trading session, and in the afternoon, this shili basically did not appear again.
After a little thought, he realized that this must be due to the time difference, and the opponent may be from Asia or the Americas, and it should not be from the same source as another fund.
Now what he has to do is to force another long shili to take the initiative to appear, because when he raised the copper price in the first wave, he unexpectedly found that with the amount of money he invested, it was not enough to pull the copper price up to this point, and the most likely explanation is that this shili, like him, chose to raise the copper price today.
The closing order of 1,000 lots, combined with the counterattack of the bears at this time, may be able to suppress the copper price to the psychological threshold of $2,000. If this does not force the other bulls to show up, then he will consider using his own funds to continue to drive up the price of copper.
Thinking of this, he couldn't help but snort coldly, no matter who it is, as long as you want to play in this market, you have to ask him this big guy first!
……
In the United States, seeing the price of copper fall from $2,032 to $2,020, and then continue to fall, and in the blink of an eye it has reached $2,010, Druckenmiller still has no intention of acting, and traders are waiting patiently. And they are not in a hurry, compared to the price at which they opened their positions, it is still a profitable situation.
"Keep rising!" As the real-time price of copper changed, so did Druckenmiller's face. He naturally understands the idea of another bullish main force, but others can afford it, he can't afford it, if he can't give investors a satisfactory answer in May, then the pressure of huge redemptions will force them to close their positions, and now he can only hope that the other bulls are also the same idea as him.
Naturally, even if it didn't rise on this day. But it can be pulled up at some point in the future. He is also acceptable, and what he is doing now is to send a signal, a signal.
At his command, all the traders immediately went to work. According to the original haode strategy, the entry operation began. Copper was held up again when it fell to $2,008. The price began to grow slowly, only this time it was not as ferocious as when Zhongshi smashed directly into 3,000 hands.
……
"Hamanaka-san, copper prices have started to rise again. It's just at a relatively slow speed, it looks like the bears are changing positions, and the trading volume is about 1,000 lots. A trader noticed the situation and quickly reported it to his immediate boss.
"Sure enough!" Yasuo Hamanaka is waiting for this news, he knows very well that this is not a short position swap, because the position price of the bears is absolutely below this price, that is to say, some bears are still in a state of floating loss, and this falling band has caused the follow-up of the trend, in this case, the most haode strategy of the bears is to go all out and completely lower the copper price to $2,000, otherwise if they are supported at the integer point, it will be over.
The current situation is that there are other people supporting on the whole number of points, which means that the main force of the bulls is starting to exert force, although I don't know where it is sacred, but Yasuo Hamanaka only needs to release a signal of goodwill now, and I believe that the other party can understand.
"All the orders that have not been filled just now will be withdrawn immediately, and another 5,000 new positions will be opened, and they will operate according to each person's authority, and work together at the integer point mark, understand?" Yasuo Hamanaka's face was straight, and he commanded solemnly.
"Yes!" Hearing Yasuo Hamanaka say this, the trader is a spirit, he knows this situation very well, this is the horn to blow the horn to go long, once upon a time, they fought with one short after another under such orders, most of the results were that they won, and I am afraid that this time it will be the same.
With the entry of Quantum Fund and Binzhong Tainan, the price of copper has risen again after the previous madness, this time surpassing the height reached by Zhongshi's 3,000 hands and rushing to $2,044. Here they met desperate bears, and in the end the bulls gave in a little bit, and the final price was fixed at $2,032.
This day, it rose by $58, an increase of 2.83%, which is not a very large increase, but the trading volume is full of 100,000 lots, which is more than double that of the previous trading day. This is a very obvious signal, almost all market participants understand that the bulls at this time to pull up the price of copper, either to establish a good position at the bottom, or to take advantage of the news of the good haode to make a profit, no matter what, it still depends on the market outlook.
……
And here, the hapless Andrew lost $500,000, which stemmed from the fact that he saw the stagnation of copper prices in the first two trading days, so he had the intention to short, and as a result, when the market soared, he misjudged the situation, and after closing the position at a high price, he opened a new short position at the position of $2020, and finally the copper price closed at $2,032, and he lost another $300 per contract.
Fortunately, at Zuihou's trading moment, he closed all his positions at the market price. After the end of the transaction, he was extremely depressed and didn't say a word, and went straight to the bar to get drunk, forgetting that he would continue trading the next day. (To be continued......)
PS: Thank you very much for the gambler not I voted for the monthly ticket yesterday to support, I didn't see it in time yesterday, thank you here today! At the same time, I am also especially grateful for the monthly pass and reward that made me think about it, xiexie's continued attention to this book, and the author will continue to work hard~