Chapter 339 [Is it possible for stock index futures to be sniped?] 】

Just entered the weekend and weekend, and on Saturday morning, a bombshell news came out on the news surface.

High-level regulation of real estate is aimed at speculation and speculative purchases, and a series of measures have been introduced, such as housing prices rising too high and rising too fast, suspending three or more housing loans, and suspending loans to non-local residents who cannot provide proof of local tax payment or social insurance payment for more than one year.

This is good news for ordinary people who have rigid needs to buy a house.

However, it is bad news for investors who hold real estate stocks and bank stocks, and real estate is one of the weighted sectors of the big A, and bank stocks are the first weighted sector.

Since the implementation of the "4 trillion stimulus plan" two years ago, the property market has started a round of soaring, and in recent years, the top management has introduced a series of positive measures to curb the rise of rooms, including measures such as the inability of real estate companies to be listed on the A-share market for financing.

However, judging from the actual situation, the actual performance of the property market seems to have gradually fallen into a strange circle of rising and restricting, and rising more and more restricted.

……

Monday, April 19.

As soon as the weekend passed, the A-share market opened today with a sharp gap and a low opening, and the Shanghai Composite Index directly broke through the 3100 point mark, opening -1.07% lower at 3096.78 points, and then opened low and went low.

Real estate and bank stocks fell across the board, and the two core weight sectors of A-shares showed a unilateral downward trend, which also drove the market all the way down, with almost no signs of a decent rebound.

In terms of stock index futures, the opening price of the main contract today also opened with a gap low, opening -0.57% lower at 3396 points, and it also opened lower after the opening.

At the same time, Fang Hong also instructed the girls in the trading room to continue to open short orders for stock index futures, they have accumulated enough trading experience, and Fang Hong also explained to them how to trade stock index futures on weekends and weekends, including the understanding of some terms.

For example, what does the term "long open", "short open", "long flat", "short open", "double open", and "double equality" in futures mean, are the basic knowledge of futures trading, and they can quickly master the futures index trading today.

For the strategy of stock index futures, Fang Hong has always been an operation strategy, short selling, continuous short selling.

As soon as the market opened, it smashed three large orders of 100 hands, and the total position soon increased to more than 1,000 hands, and 1 hand of stock index futures was at the level of millions according to the current market price.

Now it has a short position of more than 10000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

After a while, Yin Fulei's sister, who was performing a short sale operation in the trading room, suddenly stopped the operation, turned to look at Fang Hong and asked, "Brother Hong, will we be sniped by someone if we are unilaterally bearish?" Wouldn't it be very dangerous if you were forced to empty by your opponent's handicap? After all, the decline is limited, but the rise is infinite......"

Yin Fulei, as the first girl to assist Fang Hong's trading, is not a rookie who doesn't know anything now, in fact, the other girls present are not rookies, after all, the person who led them is an idol god worshiped by countless shareholders.

Even if they don't care anymore, but they follow Fang Hong to trade, and the cognitive level of only seeing and passively accepting is far from being comparable to ordinary retail investors, it is equivalent to standing on the shoulders of giants, and the scene they see is not something that most retail investors can see.

Yin Fulei's concern is not unreasonable, as long as the financial strength of the opponent is enough to crush the opponent, theoretically it is possible to ignore the fundamentals, use pure financial strength to force the price to the sky, and continue to force the short side to be liquidated.

For example, more than ten years later, the "demon nickel incident", LME nickel prices for the first time forced the price to rise to 55,000 US dollars / ton, and finally closed at 50,300 US dollars / ton, a daily increase of +73.97%, and the next day's trend was more extreme, after the opening of the market in just three hours, the price soared and doubled, and the increase reached an exaggerated range of +274.4%.

This cannot be explained by rational market forces at all, and the so-called futures are more conducive to the market to find prices, and it sounds even more ridiculous.

In fact, the opponent is to know the hole cards of the short side, knowing that the opponent has no delivery ability, so he dares to force the short, aiming to force the opponent to admit losses and cut the meat out, so as to complete a harvest feast in the virtual trading market.

At a certain level, Fang Hong's current short positions also have a similar problem, that is, all smart funds in the current market know that there is only one big short in the current stock index futures.

Although I don't know what the specific identity of this bearish party is, unless I can get internal information from the exchange, the existence of this kind of energy is only a few hands.

However, if you can't get the internal information of the exchange, you can still judge from the information on the market market that it is indeed a big short or multiple bears taking concerted action.

After Yin Fulei's sister raised the concern that she might be sniped, Fang Hong said with a smile: "Don't be afraid, although according to what I said, short selling, our stock index futures in the mainland market have a limit of ups and downs, the maximum increase is only 10 percentage points, and the maximum amplitude in the day is 20 percentage points, no one will be stupid enough to force short without hesitating to break away from the fundamentals, and it's over." ”

Since there is a limit on the rise and fall of the Shanghai and Shenzhen futures indexes, it is impossible to be forced to short and liquidated within the day, and a situation similar to the "demon nickel incident" cannot occur in the A-share futures index varieties, unless the opponent continues to force the short limit.

But that has a fatal problem that takes time.

There is a price limit, and it takes 8 trading days to double the rise of the short price, 12 trading days to double it, and 15 trading days to triple it.

The spot index in the same period will be unilaterally killed, such a futures index and the current index are seriously different from each other, late will change, only a quick decision can complete the harvest, drag ten days and half a month such a long time will undoubtedly leave enough time for the opponent to react.

And with the fall of the spot index, the sentiment of the bears will become the absolute advantage of the party, at this time the short side of the game is undoubtedly against the trend of the entire market, that is only a dead end.

Fang Hong is now unilaterally bearish, but he is just taking advantage of the trend, and he does not say that he will go against the trend to fight against the market.

Therefore, anyone who is not a fool cannot snipe him in the Shanghai and Shenzhen futures indexes, and even on the contrary, there is a limit on the rise and fall to protect the party that wants to gather Fang Hong.

If there is no limit on the price limit and sniping Fang Hong to force short, then the ability to fight money, the opponent dares to double Fang Hong will definitely dare to chase the empty position above the double, and even dare to chase the empty position above the ten times like the top ten times.

Not enough margin? Cash out all the medium and long-term stock assets to make up the margin.

Not enough? Then draw funds from the company's Qunxing Capital, and go through a process to borrow them, Fang Hong can not mobilize many things now, but there is a lot of money, and there is no pressure to even mobilize hundreds of billions of real money and silver.

Who is the hunter and who is the prey is another matter.

However, in the actual situation, it is not possible, even if the North American stock index futures do not have a price limit, it is impossible to double or even multiply the futures index in a day, and the "demon nickel incident" is just a single futures variety, the futures index corresponds to the index, which is the expectation of the entire market, and the market index will double or even several times within a month? Apparently impossible.

Therefore, Fang Hong is not worried about being sniped at all, it is impossible for someone with this financial strength to be so stupid, there is really that he is definitely a super good person, giving money to people in the whole market.

Just go in and you're done!

But at this moment, the girls are continuing to add short orders for the futures index, Fang Hong also switched to the stock market to take a look, and glanced at the Shanghai Index market, which opened for 15 minutes, and the Shanghai Index has fallen by more than 2 percentage points.

Real estate bank stocks suffered setbacks across the board, with more than 1,600 stocks in the two cities, more than 1,500 falling, and none of them rose to the limit.

However, at about 10:20, the first stock with a daily limit appeared in the two cities, and it was Desai Battery, whose share price rushed to 17.84 yuan, up +9.99% to the daily limit.

After the market opened last Friday, Tian Jiayi entered the market and has now earned 13 percentage points, with a market value of more than 10 million, successfully unlocking the achievement of a multimillionaire.

Fang Hong has begun to deal with the medium and long-term targets of institutional accounts, such as Oriental Yuhong, these cash withdrawals, but Desai battery is still holding, this ticket is only 18 yuan today, and it is expected to see 36 yuan above the price during the year, with today's price limit, there is more than double the expectation.

Naturally, it is based on the pattern, and the T operation at the weekly level is done to control the profit drawdown.

……