Text Chapter 36 The first fall in the futures market
Wang Lang listened to Yuan Hao's narration and analysis, and pondered silently, as if he wanted to make a decision, but he was a little hesitant.
"Do you think there is still a chance in the short term?" Wang Lang asked suddenly.
"Looking at the K-line graph, it seems that there are funds to take advantage of the hazy good in the short term to prepare to do a hand, but the weakness of copper fundamentals and macro will inevitably determine that the market of this variety will not go very far." Yuan Hao said in a deep voice.
"So you mean you can participate with the help of a stop loss?" Wang Lang stared at Yuan Hao and asked.
"This ...... Indeed, as long as the stop loss line is set, there is also a chance to operate. Yuan Hao replied affirmatively.
"Well, let's make a handful of Shanghai copper at the opening today. Do you now look at the price and the stop loss level to see which price is suitable to open a position? Wang Lang finally made a decision.
Yuan Hao immediately opened the K-line chart of Shanghai copper, with the moving average system and MACD and other technical indicators began to draw a line, and after a while Yuan Hao drew the price of opening and stop loss, so he said to Wang Lang: "Brother Lang, if you want to open a position today, it is advisable to enter the market when the price returns to the five-day moving average of 45,600 yuan, and the stop loss level breaks the lowest point of 45,200 yuan yesterday. There is also copper is 5 tons per lot, and the margin per lot is about 20,000 yuan. ”
"Okay, just go with the plan." Wang Lang made a decisive decision.
As soon as nine o'clock arrived, the screen on the computer began to beat as usual, and Wang Lang saw that the price of copper was high at 45,800 yuan, so he sat down and waited for the opportunity. Sure enough, the Shanghai copper opened high soon after showing fatigue, and the price rose from the opening 45800 to the highest 45950, and began to move slowly downward. At 9:25, the price of copper moved down to the entry price of 45,600 yuan, and Wang Lang gave an order to enter the market immediately.
Yuan Hao opened the trading system software to call up the copper trading column to enter the price, and then asked Wang Lang: "Brother Lang, how many hands of copper are you going to play?" ”
"How much money do we have in our 3 accounts?" Wang Lang asked.
"I haven't made any transactions recently, and the funds are still the same as before, totaling about 12.23 million."
"Play 50 hands per account, give me 150 hands." Wang Lang said.
Yuan Hao showed a hint of hesitation when he heard this: "Brother Lang, 150 hands of copper need a margin of 3 million, is it too much for Shanghai copper, which is not very sure about the market?" ”
"It doesn't matter, Mr. Luo said that I can handle transactions below 3 million with full authority, you just have to open a position." Wang Lang was resolute.
"Okay, I see." Yuan Hao began to place long orders at the current price one after another, and it took about 10 minutes to trade 150 lots of Shanghai copper 1702 contracts, and the cost was basically 45,600 yuan.
Just as Yuan Hao finished the transaction and began to set the stop loss, Wang Lang suddenly said: "Yuan Hao, set the stop loss at 44,800 yuan." ”
Yuan Hao once again showed a look of embarrassment: "Brother Lang, the stop loss line of 44,800 yuan seems to be a bit big, and this position is neither yesterday's lowest point nor the support level of a certain moving average, and it seems that it is of little significance to set a stop loss at this price." ”
"I know it in my heart, you just have to set it up." Wang Lang said firmly again.
Yuan Hao saw that Wang Lang had made up his mind, so he could only change the stop-loss line from 45,200 yuan to 44,800 yuan. After buying, copper prices began to move slowly upward, 45600, 45590, 45595, 45605, 45610, 45615, 456 20, 45625, 45630, 45625, 45635, 45640, 45645. Wang Lang saw that the price was stable and got up with the cup to make tea, but he didn't expect that before Wang Lang put the tea into the cup, he saw that the Shanghai copper 1702 contract price broke directly from 45645 to 45600 yuan, 45550, 45500, 45420, 45370, 45300, the price only jumped 5 times and fell 300 yuan per hand, and stopped for 2 seconds at 45300, and the price opened directly at 45190 yuan, that is, it fell below the stop loss line they originally set. However, the stop-loss line has been changed, but the price is still falling, 45120, 45080, 45030, 45010, 44980, 4 4920, 44890, 44870, 44830, the price is rapidly approaching the stop-loss line, Yuan Hao looked at the rapidly falling price and was also nervous, and said to Wang Lang: "Brother Lang, look ......"
Wang Lang's face was still calm and said: "It's okay, break the stop-loss line and resolutely stop the loss." ”
Before Wang Lang finished speaking, the Shanghai copper 1702 contract fell to 44800, only to hear the sound of "ding", all 150 lots of long orders quickly and automatically closed the transaction, leaving only a loss of 600,000 yuan.
Wang Lang looked at the loss numbers on the screen and didn't speak, just stared at the screen silently as if thinking about something. At this time, the price of Shanghai copper strangely stopped falling at 44790, and instantly began to attack, 44800, 44830, 44850, 44900, 44960, 44990, 45010, 45070, 45090, 45110, 45150, Shanghai copper prices quickly returned to the 45500 position in 10 minutes.
Wang Lang, who seemed to be thinking, suddenly gave another order: "Yuan Hao, re-buy 150 lots of Shanghai copper 1702 contracts at the current price." ”
"Brother Lango!" Yuan Hao couldn't help but scream.
"How?"
"Brother Lang, I made a mistake today, and my hand feeling is poor, I don't think it's appropriate to shoot again, but you should rest for a period of time to adjust your mentality, and wait for the opportunity to enter the field again." Yuan Hao persuaded.
"It's okay, I'm in a good state of mind, you just do what you are told." Wang Lang replied expressionlessly.
"Okay, I see, what about the stop loss?"
"It's still set at 44,800 yuan."
Soon, Yuan Hao re-established a position of 150 lots at 45,500 yuan. Maybe it's really not easy today, maybe it's a deliberate trick by God, just after Yuan Hao built a position, the Shanghai copper 1702 contract fell sharply again, 45500, 45450, 45350, 45300, 45260, 45210, 45170, 45110, but also in just 10 minutes the price broke through the 44800 yuan price again, only to hear another "ding" sound, 15 0 hands long single position again quickly and automatically closed, Only the total number of losses for the day - 1,100,000 yuan was left on the screen.
Curiously, less than 10 seconds after the stop loss, the price of the Shanghai copper 1702 contract once again regained its reach of 45520 from the lowest price of 44750 in 15 minutes. Seeing such a dramatic performance, Yuan Hao looked at Wang Lang with an embarrassed face, as if asking what to do next?
"No more today." Wang Lang continued expressionlessly: "Although the two operations today have suffered serious losses, I have learned a lot from today's operations, and I will be fully responsible for the losses this time, and I will ask Mr. Luo for responsibility." ”
Just after Wang Lang finished speaking, the Shanghai copper 1702 contract once again started its downward journey, this time after going down and never rebounded, until the end of the morning, the price closed at the fall limit of 42860 yuan. Looking at the price of the closing limit, Wang Lang suddenly felt the great significance of the stop loss, if there was no stop loss, then he would not lose 1.1 million yuan now, but 4.1 million yuan.
Looking at the figure of 1.1 million yuan, Wang Lang suddenly smiled, and he smiled and said to Yuan Hao: "I lost so much today, do you think I am not suitable for this business?" ”
Yuan Hao also turned his head to look at Wang Lang and said with a smile: "No, on the contrary, I think Brother Lang, you are very suitable for this business." I have long said that futures are not how accurate you are, nor how proficient you are, but only your ability to correct mistakes. A person who doesn't even dare to admit his mistakes will not go far in futures trading or on the road of life, and Brother Lang just has the ability to self-reflect, and he corrected his mistakes twice in time, so I am quite optimistic about your future investment ability. ”
"It's a bit unacceptable to hear you praise you like this when you have lost so much, hehe." Wang Lang looked at Yuan Hao's smile and became stronger, and suddenly the two of them slapped each other with a very tacit understanding and laughed......
Yes, maybe it's because of Bang Niang's matter that I have been depressed, maybe today's operation has the taste of venting emotions, but with the trust of friends, with the support of friends, even if there has been pain in my heart, life must be wonderful to live, Wang Lang looked at the sky outside the window and watched silently......