When Zhongshi's huge buy order of 10,000 hands was thrown, not only the bears, but even the bulls who had been fighting fiercely with the bears were confused, and they stopped the entry operation almost immediately. Both sides are puzzled by this ferocious operation, with the bears believing that this is a long-planned surprise by the bulls, while the bulls are suspicious that another strong bull has entered.

Originally, the direction of Shili's operation was in favor of the bulls, but the main bulls with evil intentions thought more, and their first reaction was not that the situation was beneficial to them, but whether it would have an impact on their future operation strategy. Especially for the US side, the Quantum Fund stopped operating almost immediately.

On the other hand, Sumitomo Trading Co., Ltd., followed behind Zhongshi to attack the camp step by step, but when it reached about $2,220, they keenly noticed that the bulls showed signs of retreat, so they took a step ahead and began to gradually clear the previously established positions at this price.

The subsequent counteroffensive by the bears finally fixed the price of copper futures at $2,207 per ton, down $18, or 0.81%, from the previous trading day, and the total number of traded lots reached about 100,000 lots.

The most important thing is that the short positions in options did not have time to leave the market, and they were originally fighting with the main force of the bears at around $2,180, but the price of copper futures was suddenly pushed up to about $2,250 under the impetus of large buy orders, which made them dumbfounded. However, then they worked with the main bears to bring the price of copper back to around $2,200. But after experiencing a price lower than $2,200, they refused to close their positions above $2,200.

The next day, Thursday, May 19, the two sides fought again, although the trading volume was still as much as 100,000 lots, but the price did not change much, and finally the price of copper futures on this day closed at $2,250, which was not a big change compared to the previous trading day.

On this day, the main force of the bulls was mainly Sumitomo Corporation, and the quantum fund did not give full strength. They are still silently digesting the inexplicable bulls' intentions that appeared yesterday. Because their main strategy is to pull up in the long term. Therefore, I don't care about the change of this day and two days.

And Zhong Shi, due to the frequent late nights recently, did not enter the operation directly on this day. He knows very well that if there is a plunge. Options shorts will take the opportunity to unhedge and exit the market. Therefore, the bulls will definitely not allow this to happen. Copper futures prices will only rise steadily.

On Friday, May 20, Zhong Shi finally relieved himself after a day of rest. He came to the apartment early to prepare for the day's trading, and he had already prepared for today's strategy.

"Brian, close the long position I built the day before yesterday!" The first call was to the agent, and Zhong Shi ordered in a flat tone.

"What? Flattened? Brian was a little stunned and hurriedly asked.

For Zhongshi's position, Brian knows that he holds a long position of more than 30,000 hands below $2,000, which is already an astronomical profit, and in recent trading days, it is still frequently entering the market to increase his holdings, especially in the first two days, he even increased his long position by 10,000 hands in one fell swoop, although he finally closed more than half, but still held a long position of 5,142 hands, with an average price of $2,140.

Now the average profit of this part of the long position per contract reaches $110 per hand, and the profit is about $1.4 million, if it is closed now, it will definitely lose a large part, especially in the case of fierce games between the long and short sides, not to mention $1.4 million, and even the seven-figure profit can be kept.

When he heard Zhong Shi's order to close this part of the position, he couldn't believe his ears, so he hurriedly asked.

"Yes, it's flat!" Zhong Shi repeated it categorically, and then hung up the phone. Immediately, he connected the phone call from the Tianyu Fund here, and said to Andrew: "Andrew, today's strategy is to short, you open a short position of 3,000 hands at the market price, immediately!" ”

The long position to be closed means to sell the contract, and the transaction method of this part of the contract is either the long next, that is, the long swap, or the short next, that is, the double flat. In this case, the opening of a new position and the closing of the long position exert a double pressure on the supporting longs.

“haode！” Andrew casually agreed, and then reacted that it was short, he smacked his lips, didn't say anything, turned around and immediately placed a trading order.

Two short orders of nearly 10,000 hands smashed into the market, which immediately caused an uproar, and a long red line appeared on the computer, and the price of copper futures soon fell below the opening price of $2,250, and soon fell to about $2,230, and it continues to fall.

"What's going on?" In the trading hall of Sumitomo Trading, the traders looked at the changes in the market with dull expressions, and they couldn't react for a while, they set up 500 defensive orders at $2240, $2230 and other positions, but they didn't even react at all, and they were swallowed up in an instant.

A minute later, everyone reacted, this is a large amount of empty orders thrown out, and then they immediately panicked, not to mention how many empty orders there are, it is the change in the wind direction caused by this empty order is enough to make them frightened.

Sure enough, driven by this large-scale sell order, the follow-up disk has entered the market to sell short, and the number of sell orders has accumulated more and more for a while, and the main force of the bears has also taken the opportunity to open a liquidation order, which has put more and more pressure on the price of copper futures.

"Don't care about the above, open a defensive order of 5,000 hands at the $2,200 position, and be sure to stop the price at $2,200!" Just when the traders were distracted, Yasuo Hamanaka appeared in front of them appropriately, only to see the small minister giving trading instructions lightly, and it was a huge number of 5,000 hands. A big stone suddenly fell on the hearts of traders, and at such times, what they need most is confidence.

In the United States, seeing the market price plummeting, the traders of the quantum fund did not get a specific trading strategy from the big bosses, and they could only open some small trading lots through their own authority, many of which opened short positions, and the main force of the market put pressure on the bulls.

When the price of copper futures fell to $2,210, the short shili began to diverge, and some of the bears began to close their positions. The other part of the bears is firmly short. It is expected that the price of copper futures will be further suppressed, and the price of copper futures will begin to slow down the rate of decline under the influence of different strategies.

"Brian, how's your situation going over there?" Seeing this, Zhong Shi estimated that the market might rebound. But so far he has not seen the emergence of the main force of the bulls. It made him a little unable to sit still.

In his strategy. Today's closing and opening of new short positions is to force the emergence of certain bullish main forces, and so far, his goal has not been achieved. Of course, he had to ask about the current position.

"3,210 hands of positions have been closed, and there are still 1,932 odd hands that have not been closed!" Brian touched the sweat on his forehead on the phone and said with some guilt.

He matched according to Zhong Shi's orders, and watched the price of copper futures fall one price after another, and the profit decreased step by step, and the large number had made him numb. In his heart, he already regarded Zhong Shi as the second ancestor, or an investor who only had money and no brains. However, he apparently forgot that Zhong Shi's other long positions had already made hundreds of millions of dollars.

"Continue to market order, and open another 3,000 new short orders!" Zhong Shi thought about it and continued to increase his shorting efforts.

On Andrew's side, nearly half of the 3,000 hands of short orders were traded, and Zhong Shi asked him to release it slowly, after all, this is not the main force, but just to make some money by the way.

Another 5,000 sell orders appeared in the market, and the price of copper futures quickly reacted, and the prices of 2209 and 2208 were swallowed up instantly, and the price soon came to $2,200.

Anyone knows that integer points have symbolic meanings, and it also means that it is a watershed in the price, and the followers begin to gradually close their positions at this price, and in their strategy, in this case, they will not be ready to enter the market again until the two sides fight to the death.

Zhong Shi's singular number of transactions at this price is 3,910 lots, plus the number of lots that were previously suppressed, so that all his orders have been filled, and he currently holds a short position of 3,000 lots, with an average price of $2,200.

The bulls were consumed 4,000 defensive orders at once, and there are currently only more than 1,000 buy orders at this price, but this number of hands is not something that ordinary investors can shake. Just when people thought that the market would rebound, the price of copper futures fluctuated again, and another wave of bears entered the market, throwing out 3,000 short positions, instantly bursting the bullish defense of $2,200, and the price of copper futures fell below $2,199.

"Uh...... Pierced? Not only the investors involved, but even Zhong Shi was a little stunned, he never expected that the main force of the bulls would be so easily broken through in this position. What he didn't realize was that it was also thanks to the fact that he absorbed a large number of long defensive orders in this position, that is, he acted as the main force of the bears today.

Once the price of copper futures falls below $2,200, the market will become clear, and followers will begin to enter the market short. Zhong Shi took the opportunity to start closing his position, and his closing was a gradual and small liquidation, trying not to attract the attention of the main bears.

The main force of complacent bears frequently hit new lows for copper futures under the support of the followers, and soon pushed the price to $2,190. At this time, Zhong Shi had closed half of his position, and he breathed a sigh of relief, knowing that this day's operation was almost like this, and the rest was the battle for other funds.

To the $2190 position, some of the bears began to close their positions, some of them were the options shorts who entered the market two days ago, after two trading days of fighting, they have a clear goal of suppressing the price of copper futures, and some funds are set at $2200, and now to $2190 has exceeded their expectations, which is a rare opportunity to leave.

The shorts' closing orders and the support of the bulls made the lowest price of copper stay at about $2,185, and the bears were unable to attack in this position, and the bulls took the opportunity to attack, and the price of copper began to reverse. In the process, Zhong Shi closed all the remaining positions, and on this day he added $640,000 to his books, all of which were the profits of the previous long positions, and the newly opened short positions did not make any money at all.

Andrew, on the other hand, held out the short position at the high level until $2,197 before gradually closing out, making their profit a historic high of $400,000.

The most important thing is that Zhong Shi has tested the intention of the bulls through his own operation, and if he expects it correctly, tomorrow, the bulls will pull up strongly! Today's operation was carried out instead of the option short, in order to test the bottom line of the longs to allow the liquidation of the position, but Zhong Shi accidentally broke the bottom line of the bulls, so that the option shorts closed part of the lower position.

Of course, the other options shorts see that the bulls are so "vulnerable", there is a great possibility that they will continue to stay in the field, and the bulls will not pull up strongly, Zhongshi can even realize that the subsequent transaction is that the bulls slowly pull up the price of copper, and finally the price will stay near $2200, leaving unlimited room for reverie for the options shorts who have not closed their positions, and this margin will become a disaster tomorrow! (To be continued......)

PS: The author has been working hard to code words, I hope you will support a lot, xiexie~