"Wangcai, open more lots next, a total of 2000 lots, 1000 lots per account."
"Yes, boss!"
Wangcai agreed.
At this moment, it is the time for the bulls and bears to compete, and the trading volume continues to increase.
5000 lots.
hand.
hand.
Under these circumstances, Wangcai's stock accumulation process went very smoothly.
The 2000 standard lots are divided into 50 transactions, with an average cost of points (including a 20-point commission).
Based on the current Nikkei 255 index, each standard lot requires a margin of US dollars.
A long position of 2,000 lots would amount to $40.658 million.
For every fluctuation of ±5 points in the index, the unrealized profit or loss will reach $652,700.
At this time, Chen Dong's personal account showed 1,000 long contracts, a usable balance of US$92.201 million, and a floating loss of US$1.3054 million.
"Boss, the 2,000 long positions have been established."
"very good!"
Chen Dong nodded and then gave instructions.
“Wangcai, withdraw $80 million from the asset management account to the bank account. I plan to use this money to look into crude oil futures.”
"Boss, you want to trade crude oil futures?"
Wangcai swallowed hard. Crude oil futures, also known as the meat grinder of the financial market, are not called that for nothing.
It is in a trading state for 23 hours and 15 minutes out of 24 hours.
In other words, trading is possible at any time except for the 45-minute market closure.
Crude oil futures trading primarily spans three time zones.
The common terms are Asian, European, and American markets.
In addition, NYMEX crude oil trading is divided into daylight saving time and winter time.
During daylight saving time, trading hours are from 06:00 to 05:15 the following day in Beijing, while the New York market opens at 20:30.
During winter time, trading hours are from 07:00 to 06:15 the following day in Beijing, and the New York market opens at 21:30.
These are not the main points.
It is jokingly called a meat grinder because it is so heavily influenced by human factors, policy factors, and news.
In short, the United States announced that industrial capacity utilization was insufficient this month, decreasing by several percentage points compared to the previous month.
"Smack!"
As a result of this news, crude oil prices will fall.
OPEC member countries announced that they are prepared to cut production by one million barrels per day due to the recent decline in oil prices.
Believe it or not, the moment this was announced to the outside world, the price of crude oil immediately soared, and at a rocket-like speed.
Therefore, it's not wrong to say that the crude oil futures market is a meat grinder.
However, everything has two sides.
The crude oil futures market is a large enough pool and is open to the world.
Even if you throw in hundreds of millions or even billions of dollars, it's not a big deal.
Especially in extreme market conditions, once you choose the right direction, you can become rich overnight.
"I'm very bullish on the market and want to take a chance."
Chen Dong briefly explained his thoughts, but did not elaborate on the specific reasons.
In the financial field, a trader who doesn't want to trade in the crude oil market is not a good trader.
Upon hearing this, Wangcai didn't think much of it.
He believed that Chen Dong simply wanted to experience the crude oil market.
certainly!
Chen Dong wouldn't tell Wangcai the truth either.
Before long, the Kingdom of Lak will launch an invasion against the Kingdom of Kote.
At that time, the price of crude oil will also skyrocket.
In just over two months, the price of a barrel surged from a low of $15.06 to $41.15, an increase of 273%.
If such words are spoken, it's fine if they don't come true initially, but if they do become a reality, Chen Dong will definitely be dissected.
People might say, "Even the CIA in the US didn't notice it, so how could Chen Dong have discovered it beforehand?"
It's obvious that this person has something wrong with him.
Just as the two were talking.
The stock trader also brought good news.
"Boss, all the shorted stocks have been returned, and the overall profit is currently 8.4%."
8.4%?
Chen Dong frowned slightly; the profit was much less than he had expected.
However, this is understandable, as the market has fallen by a total of 7% during this period.
Chen Dong and others were shorting only heavyweight stocks.
Such a profit margin is perfectly normal.
8.4% of HK$800 million, which is HK$67.2 million.
Compared to the gains from stock index futures, HK$67.2 million is barely worth mentioning!
However, this money is more than enough to cover bonuses and daily expenses.
Thinking of this, Chen Dong sighed and said.
"Use all the financing to buy stocks."
"You can select any of the 255 constituent stocks. Any stock that has fallen by more than 8.4% can be bought."
"Yes, boss!"
The group responded and quickly started working on the computer.
Time flies.
2 PM sharp.
The island nation's stock market closed.
The main index closed at 0.2 points, down 570.38 points for the day, a decrease of -1.8%.
The market has closed!
Everyone breathed a sigh of relief.
The final 5 minutes.
Everyone was energized, focusing intently on selecting stocks that met the criteria.
And on this basis, buy in small orders.
You could say that those few minutes were more tiring than a whole day of work.
Now that the market has finally closed, the traders can finally relax.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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