Chapter 489: Liquidation

On Monday, the European and American financial markets were closed due to holidays, and there was no other data on the external market except the US dollar.

Copper fell all the way last week. London copper closed at almost the lowest.

Shanghai copper also fell well, and the technical pattern supported it to continue to fall, but as soon as it opened on Monday morning, it opened with a gap.

Feng Ling has a hunch that Shanghai copper may take advantage of the absence of the influence of the external market to come out of an independent market today.

It is possible that the main force will deliberately pull up the copper price and shake out those who are bearish all the way.

She took advantage of the price correction to buy some copper, and put her stop loss at the gap low, in case the copper did not rise but fell, she would stop out.

Prices soon began to rise, and the momentum was overwhelming. She moves her stop loss upwards so that she makes money even if the price pulls back.

When the price of copper rises, it is very sharp, but when it falls, it is slow, and it has never touched her stop loss level.

That's when she remembered the list of points.

He has always claimed that he is short copper in a full position, and if it soars today, he will not only face a reduction in profits, but also a floating loss because the position is too heavy. If the floating loss reaches 10%, it will be liquidated.

She understands that the characteristics of his order continue his habit of making stocks, and stocks will never be liquidated, so they can be full.

She didn't understand why he could not lose money for 28 months with this characteristic of full trading, was his prediction really so accurate?

She doesn't believe in predictions, she believes in what she sees in the moment. Now it must be very dangerous for him to continue to hold empty orders with full positions.

It stands to reason that she shouldn't have reminded him during trading, because no one can guarantee that the market will go the way they want.

She hesitated.

Copper did not continue to rise for the time being, but the 15-minute indicator showed a golden cross, which is a red warning for the rise. Gotta go to remind the points!

Even if copper will still fall tomorrow, even if the trend is down, if his position is too heavy, his list will not survive tomorrow.

Today's crazy rally will engulf his short orders, making him spit out all his previous profits and even lose money.

She hurried to the next office.

"Points, I want to say a few words to you." She walked behind the points and whispered.

"Not available!" The points replied irritably.

Now this kind of market is annoying, and it spits back half of his 8% profit last week.

"Are you still full of copper?" Wind Spirit asked.

"Of course. Don't look at my long-term with your short-term eyes. ”

"Golden Fork, do you see it?" The Wind Spirit snatched his mouse and pulled out the graphical indicator to show him.

"Do you think I didn't see it? A golden cross under the 0 pillar is nothing, unless it is above the 0 pillar. ”

"Your short order trend may be right, but the position is too heavy, if the rise is too big today, you can't bear it at all. You have to reduce your position, or you have to wait and see. "Wind Spirit strongly advises.

"That's what you do in the short term. The long-term is to take orders and not move. ”

"Regardless of the short and long term, have you given yourself a stop loss level?"

"Of course, do you think I'm a newbie like you?" Points didn't think that this copper could go up much at all, and he could get through.

Feng Ling hurriedly left, she actually didn't have time to talk nonsense with him, and she had to keep an eye on the market in the short term.

By the end of the afternoon, the copper limit was up.

In the night session, as stop-loss orders swarmed out, copper gapped, opening higher, up 4%.

Wind Spirit made a profit of 30% in the whole day.

At noon the next day, when she was eating in the cafeteria, she heard that the points had exploded.

"Didn't he set a stop-loss?" She asked the trader under the points.

"It's set, and when it comes to the stop loss level, he is reluctant to cut it, and he withdraws again."

"Won't he come out when there is a floating loss?"

"He thinks it's short-lived, the rise won't last long, and it will come down." The trader said regretfully.

Copper prices did fall next, proving that yesterday was a reverse wash, and the direction of the points was right.

But because his position was too heavy, he did not live to the time of the fall, but died in a short-term surge.

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