Text Chapter 17 Initial Involvement in the Futures Market

It has been more than half a month since he came back from the collective president meeting, and it has been more than four months since Wang Lang came to the present world, and he has a better understanding of everything around him, as he guessed when he came to a higher level of social circle, he has a clearer understanding of the structure and layout of the whole society, after all, if he only works on the construction site, he can only understand the bottom corner. At the same time, Wang Lang's salary has increased by 50%, and Luo Zhanming seems to be more satisfied with Wang Lang's personal assistant since he came back.

Early this morning, Wang Lang was waiting outside the president's office, sitting on a chair in a corner and flipping through books, Luo Zhanming walked out of the office with a smile, and from his face, it seemed that the events at the meeting had no effect on him.

"Xiao Lang, go out for a walk with me." Luo Zhanming smiled gently.

"Yes, Mr. Luo." Although he was puzzled that Luo Zhanming, who didn't have any arrangements to go out today, suddenly wanted to go out, as a personal assistant, he immediately carried out the order to the letter.

The car came to another business circle not far from the Jiangpu plate, and got off the car An unfamiliar building stood in front of Wang Lang, although this building is not as magnificent as the office building of the company's headquarters, but it is also a very beautiful office building.

Following Luo Zhanming, Wang Lang came to the 25th floor of the building, as soon as the elevator door opened, Wang Lang saw that the entire floor was divided into two large rooms, but there was only one unit on the floor - Dongrong Futures. At this time, Luo Zhanming pushed the door to the left room, and the first thing that caught his eye after entering the room was a relatively spacious hall, the layout of the hall was no different from the general white-collar office place, a small cubicle, a computer was placed on the table in each cubicle, each computer was open, different graphics and numbers were beating on the screen, and some people in the room were sitting in front of the computer and looking at the screen seriously.

There are five small rooms on the right side of the hall, and there is a relatively large room at the back, and Luo Zhanming walked directly to the last small room. Entering the small room, the room layout is also very simple, except for a table and a chair, a small sofa and a water dispenser are placed next to it, and a computer is placed on the table, which looks like the screen is larger than the hall outside, and there is a fax machine next to the computer.

At this time, a middle-aged man wearing black-framed glasses was staring at the screen in the room, and when he saw Luo Zhanming coming in, he immediately stood up: "Mr. Luo, you are here." The middle-aged man asked Luo Zhanming to sit on the sofa and closed the door as he spoke.

"Ah Cheng, you don't need to pour water, let's talk about the situation first?" Luo Zhan used his hand to stop the middle-aged man who was busy pouring water again.

"Yes, Mr. Luo, the recent fermentation of the effect of the national de-capacity policy, the black and non-ferrous metals have risen amazingly, and with the continuous reporting of the news of the reduction of coal and steel production capacity in various places, the black market has a trend of becoming more and more intense." The middle-aged man responded.

"Oh, I'm busy talking about things and forgetting to introduce people, Xiao Lang, this is Fu Cheng, the director of the investment department of our company's financial investment company, you can just call him Lao Fu. Ah Cheng, this is my assistant Wang Lang, you just call him Xiao Lang. Luo Zhanming introduced the two, and the two nodded and smiled at each other.

"Did our decision-making department send today's operation report?" Luo Zhanming asked about business again.

"Just sent it." Fu Cheng quickly took out a piece of information.

"How?"

"The operation analysis report sent by the decision-making department believes that with the sharp rise in the leading varieties of coking coal and coke in the past two days, the related downstream products rebar has risen slightly, and it is expected that there is a trend of making up for the rise. Fu Cheng looked at the report and told the story.

"How much money do we have here?" Luo Zhanming asked.

"Three accounts, a total of 11.2752 million yuan." Fu Cheng replied cautiously.

"Okay, then play two tiers." Luo Zhanming decided.

As soon as the market opened at nine o'clock, the main rebar contract 1701 contract followed the trend of last night's night, opened 10 points higher, opened at 2788 yuan, and the five-day moving average was 2716 yuan. Fu Cheng looked at Luo Zhanming, waiting for him to give an order, and Luo Zhanming pressed his hand in the void to signal a little restless.

After the continuous bidding, the numbers of the main contracts of various varieties changed rapidly, and after the opening of the rebar 1701 contract at 2788, it slowly moved downward, 2788, 2787, 2785, 2784, 2783, 2785, 2784, 2785, 2784, 2782, 2781, 2779, 2780, 2778, 2776. 2775, 2774, when the price of rebar reached 2774, the price no longer declined, and it was consolidated for several minutes between 2774~2775.

"Place an order, open a position of more than 1,000 lots, and do a good job of stop loss." At this time, Luo Zhanming gave an order.

Fu Cheng immediately opened two accounts, 100 hands and 100 hands to deliver orders, and it took more than a minute for the two accounts to open 500 hands of rebar 1701 contracts each, and the price was 2774~2775 yuan. Then open the stop-loss interface and set the stop-loss price at the five-day moving average of 2716 yuan.

After completing the opening of the position, Luo Zhanming looked at his watch at 9:10, Luo Zhanming got up and got a glass of water, and then slowly sat down and waited. Five minutes later, the rebar 1701 contract began to slowly rise, slowly climbing to the opening 2788 position and suddenly accelerating 2790, 2794, 2799, 2802, 2810, Fu Cheng, who was sitting on the side, was a little excited: "Mr. Luo, breakthrough!" ”

"Well, Ah Cheng, don't be impatient, be patient and watch the market." Luo Zhanming still had a flat face.

After a rapid pull-up, the rebar 1701 contract stabilized between 2810~2812. Luo Zhanming looked back at Wang Lang who was standing aside at this time and said with a smile: "Xiao Lang, you are the first time you come into contact with this thing, I will explain it to you." There are many varieties of futures, and each variety has a main contract trading volume that will be particularly active, such as the rebar 1701 contract we trade, which is the main contract of rebar now, which represents the physical delivery of the rebar due in January 2017, and each main contract will shrink one month before the expiration, and the market trading funds will be withdrawn and transferred to the next contract.

Futures use margin trading, that is, leveraged trading, the general leverage is 8 to 12 times, which is why the decision-making department recommends the allocation of two percent of the position, because too heavy positions are easy to blow up under high leverage. The number of units of each variety of trading contracts is different, take the rebar we trade each hand on behalf of 10 tons of rebar, each hand is 8% margin, that is to say, to buy a lot of rebar needs 2774 * 10 * 8% = 2219 yuan margin, I opened more than 1,000 hands, that is, 2.219 million yuan, almost exactly two percent of the total funds. Now the contract price of rebar 1701 is 2812, which is 38 points higher than our opening price, and the profit of each lot is 380 yuan, a total profit of 380,000 yuan. ”

Wang Lang was also quite surprised to hear that the 2.2 million margin earned a profit of 380,000 yuan in 40 minutes, and then looked at the profit and loss column under the screen, and it was really 379,500 yuan with a red number. At the same time, Wang Lang felt that he seemed to be quite talented in this aspect, and as soon as Luo Zhanming explained just now, he basically understood, and couldn't help but nod like Luo Zhanming. Seeing that Wang Lang quickly understood, Luo Zhanming couldn't help but smile slightly.