"Open large short positions and dump them downwards." At this moment, Lin Yun gave the order.
However, at this point, a critical juncture has been reached. A large number of short orders pushing the price down could very well be the final straw that breaks the camel's back, causing market panic.
"boom--"
Following Lin Yun's orders, the price of gold plummeted as these traders manipulated the market.
"Boom!"
As Lin Yun expected, the price drop at this level immediately triggered market panic, with short orders appearing rapidly and driving the price down quickly.
"Hiss—"
Upon seeing this, Lin Yun's traders gasped.
They hadn't expected that these big deals they placed would have such a powerful effect.
At this point, they had spent $50 million of the $90 million, and they were still throwing money at it.
"Stop! Prepare a large number of short orders, await my command!" Lin Yun said.
The traders immediately stopped what they were doing.
The price of gold is still falling rapidly.
When the price drops to a certain level, the rate of decline begins to slow.
"Smash it!" Lin Yun ordered.
"boom--"
Like the last straw that broke the camel's back, the price of gold once again collapsed and began to fall rapidly.
This time, the decline will be even larger than the previous one.
In the blink of an eye, since they started shorting, the price of gold has already fallen by 3.5 percent.
Futures trading involves leverage, and Lin Yun's futures accounts all had 10x leverage. Now that the price has dropped by 3.5%, it means that the funds Lin Yun and his team used to short the market have already earned 35%. In just a few minutes, the profit is nothing short of terrifying.
However, part of the funds they used to short the market were used during the decline, and the rest remained unused. Therefore, the actual profit was not that much, but it was still quite terrifying.
"Close all positions! Use all funds to go long!"
At this point, more than 70 million US dollars had already been spent out of the 90 million US dollars, and Lin Yun decisively gave the order.
"Yes, boss!"
Seeing the funds in their accounts rise rapidly, the traders were very excited. Although the price of gold was still falling rapidly, they did not hesitate at all and immediately obeyed Lin Yun's orders.
These are all lessons learned; Lin Yun's decision was not wrong.
The futures market is like a battlefield, where the outcome can change in a second, so they cannot afford to hesitate.
"Boom—Boom—"
As they placed large buy orders, the price of gold immediately stopped falling.
Just now, they shorted a total of over 70 million US dollars, making a profit of 20 million US dollars.
There are currently 110 million US dollars in funds, all of which are invested in long positions, which represents a very strong force.
Lin Yun said to go long, and they went long. In just three or four seconds, they had placed all the orders.
"boom--"
Just seconds after they placed their long orders, another batch of long orders appeared simultaneously, and the gold price, which had just started to rise, immediately shot up like a rocket.
In the blink of an eye, not only did it return to its original price level, but it also increased by two percent from the original price level, which was an amazing reversal.
This price is 5.5 percent higher than the price at which they shorted the stock.
"sky!"
The traders were stunned by what they saw.
It was just a few seconds away.
If they had closed their positions and gone long two or three seconds later, the outcome might have been very different. Forget about making a profit; their $90 million investment would have resulted in a loss of at least $20 million.
And now... their funds have multiplied to over 160 million US dollars.
In just a few minutes, their funds grew from $90 million to over $160 million. That's the allure of the futures market.
"Close the position!"
Just then, Lin Yun gave the order.
Without saying a word, the traders immediately began to act.
Right now, some people are going long in large quantities, and they're closing their positions. They can close their positions with a single click, and it only takes a second.
More than 160 million US dollars, safely in the pocket.
At this moment, the traders were extremely excited.
In just a few minutes, they almost doubled their money!
In the futures market, doubling your capital in just a few minutes is not a myth!
However, if this amount of money is 90 million US dollars or more than 500 million Chinese yuan, then it would truly be a myth!
They just created such a legend!
Lin Yun frowned slightly as he watched this scene.
The allure of the futures market is undeniable. They were just using 10x leverage, and it's said that many people in the futures market use leverage of 20x or more. If they were using that same high leverage, their profits would have been even more staggering.
But this market was also beyond his expectations; it wasn't as simple as he had previously thought.
The main problem is that he doesn't have enough funds.
Gold futures have a huge daily trading volume; over 160 million US dollars is practically nothing to them.
Wherever there are people, there is a world of its own.
Just like the domestic stock and futures markets, foreign gold futures are manipulated by many forces.
If those forces discover that this money has entered the country, they will definitely try every means to swallow it up.
For example, just now, there was a fluctuation of more than 5% up and down. If someone had used leverage of more than 20 times, they would have been liquidated. Such a situation definitely exists.
Unless he keeps a close eye on these data, these ordinary traders alone cannot do a good job.
Even if he has only learned the basics of the futures market, it's hard to say whether he can handle this situation.
Although the knowledge summarized by the Cosmic Trading System is very powerful, it is still only basic knowledge of the futures market. There are nearly 10 billion people in the world, and those who operate in this market are the elite of the elite. He absolutely does not believe that everyone's level is not up to the basic knowledge of the futures market summarized by the Cosmic Trading System.
His profit from the previous trade was mainly due to timing and surprise.
However, before considering these things, he first needed to work on the software on the computers of these traders.
These traders were using ordinary software, and there was still a two- or three-second delay between their data and that of major international exchanges.
In the futures market, a single second can determine life or death, let alone a delay of two or three seconds.
He was mainly exploiting the time difference, but the opponent was on guard, so that time difference can no longer be exploited.
In this situation, transaction data needs to be absolutely error-free.
After greeting the traders, Lin Yun began operating their computers.
Lin Yun quickly resolved the matter.
The traders were quite surprised by Lin Yun's actions.
That's incredible that they can synchronize the data on their software with the data on foreign exchanges!
However, they did not doubt Lin Yun's words either.
Because Lin Yun has brought them too many shocks these past few days.
...
at the same time.
In the United States, on one floor of a financial building.
"Bullshit! Who did this just now?" A tall American man pushed back the seat he was sitting on and shouted angrily.
During this period, they had been trading gold, and some other forces were also doing so, but they had long since formed a tacit understanding... Just now, a sudden influx of funds broke this tacit understanding and stole more than 50 million US dollars, which made him extremely angry!
Because this money was taken from him!
Could it be that one of the partners broke the unspoken agreement and started double-crossing?
This isn't impossible! On the contrary, it's quite normal!
No amount of understanding is as important as US dollars!
The reason we've reached this understanding is that we haven't completely fallen out yet!
This market is a zero-sum game, where you eat me and I eat you, big fish eat little fish and little fish eat shrimp!
Are we about to completely break off relations?
How awful!
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