"Boss, it's a call from the Singapore Exchange. They said our funds have arrived, a total of US$2.3 million."
"Hmm, how's the market doing right now?"
Upon hearing this, Henry immediately replied.
"The firepower from all sides is very strong today. At the key psychological level, we can't hold out for long."
Chen Dong nodded, got up, and walked to the computer.
The computer screen displayed the intraday chart of the Nikkei 255 stock index futures.
Chen Dong glanced at it only once before switching the screen to the Japanese stock market.
The banking, securities, and insurance sectors, the three major financial sectors, rose by 0.1%, 0.12%, and 0.14%, respectively.
That's interesting!
Take our A-shares market as an example; any stock market investor knows this very well.
Banks, securities, and insurance—the three major financial sectors—are also heavyweight stocks in the stock market.
A rise in the financial sector often means a positive close for the stock.
Other sectors will also see widespread price increases, and driven by capital inflows, some companies with lower market capitalizations will often experience even more rapid growth.
Don't forget, in island nations' stock markets, there are no daily price limits.
Now.
It's not just the financial sector that's rising; the real estate sector, which is the main driver of this rebound, is also rising, and rising quite sharply.
The leading real estate stocks have already risen by 5%, while the worst performing real estate stocks have risen by at least 1%.
Logically, with such a favorable situation, the Nikkei index should rise by more than 0.5%.
However, the reality is that it is only 0.2 percentage points.
In other words, a large portion of stocks dragged down the index.
"Wangcai, what do you think?"
"Boss, I think today's rise was inevitable. The three major financial institutions and real estate stocks are all rising. Although other sectors have fallen slightly, they can't fight the big picture."
Upon hearing this...
Chen Dong nodded.
Henry's judgment was exactly the same as his.
In fact, Chen Dong knew even more.
From the end of May until the beginning of June, the Nikkei 255 index remained in a state of flux.
There's a saying in the stock market: when a stock price starts to consolidate within a certain range, it's either about to surge or plummet.
Similarly, this statement can be applied to stock markets in other countries.
"Wangcai, call and give a quote. Order 100 standard lots, buy more."
"Boss, are you sure you want to buy 100 standard hands?"
Hearing Chen Dong's words, Henry secretly swallowed.
The margin for 1 standard lot is approximately how many US dollars.
A standard 100-hand shot would cost $2.16 million.
That's not the point.
Each standard lot of Nikkei 255 stock index futures is equivalent to 100 times leverage.
In other words, Chen Dong's $2.16 million was equivalent to leveraging $216 million in funds.
With any fluctuation, this amount of money wouldn't even be enough to fill a tooth gap.
"Boss, should we...?"
Henry wanted to advise Chen Dong to be cautious and buy 10 standard hands first to test the waters, but before he could say anything, Chen Dong interrupted him.
"Place order."
Chen Dong's lips curled up slightly as he sneered.
"Use the minimum margin and the maximum leverage to buy in with all the money in your account."
"yes!"
Henry thought to himself, "This guy doesn't understand futures at all. There's no reason for him to go all in."
If the stock market fluctuates even slightly, all his money will be lost.
However, Henry, with his excellent professionalism, quickly dialed the phone inside the venue and began placing an order.
10 lots.
30 lots.
50 lots.
soon.
Chen Dong's purchase of 100 bullish futures contracts was fully executed.
In just three minutes.
The Nikkei 255 index plunged 30 points.
"Fuck!"
Upon seeing this, Henry was completely dumbfounded and couldn't help but shout out a vulgar curse.
His assessment was also bullish.
Henry didn't expect that less than three minutes after all the contracts were completed, the Nikkei index would plummet by 30 points.
Don't underestimate this 30-point drop.
Based on the current purchase price, for each standard lot of a call contract, a fluctuation of 5 points would result in a floating profit or loss of over $330.
100 standard lots are equivalent to more than 100 US dollars.
30 points, which means it jumped 6 times.
This sudden drop alone resulted in a paper loss of $198,000 for Chen Dong.
That's not all!
Whether you buy bullish or bearish stock index futures contracts.
From the moment you complete the transaction, the exchange takes your service fee.
Because it's a cross-border platform, the transaction fees are much higher than opening an account locally.
So, if you do the math...
On Chen Dong's books, the actual unrealized loss exceeded $330,000.
Henry looked at Chen Dong; sweat was already beading on his forehead.
If a few more sharp drops like the one just now occur, they will soon receive a warning call from the exchange.
"Wangcai, have all the contracts been finalized?"
far away.
Chen Dong sat on the sofa, leisurely and carefree, with an indescribable sense of comfort on his face.
At his current rate of earning money, he will accumulate nearly ten million US dollars in less than half a month.
At that time.
He will take his team to the island nation.
Only there could these funds be stored without being discovered.
"Boss, it's plummeted, it's plummeted by 30 points, and the index failed to break through the key psychological level."
"Be patient, Wangcai."
Upon hearing this, Chen Dong's expression remained unchanged.
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