On the other side.
HSBC headquarters in Hong Kong.
Mark is directing the traders to close out long positions in international crude oil futures contracts.
"Hurry, hurry, be quick! We must get ahead of the other bulls, close out our long positions, and go short."
"clear!"
The trader responded and quickly typed sell and buy orders on the keyboard.
We have to thank Chen Dong for this.
If it weren't for Chen Dong's extraordinary trading skills, Mark wouldn't have paid attention to international crude oil futures.
Mark did not give up after being politely rejected by Chen Dong last time.
Instead, they learned about Chen Dong's international crude oil trading activities by monitoring his account.
As it turns out, Chen Dong's judgment was incredibly ruthless.
After establishing the position, it only took a few trading days to go from initial losses to a slight unrealized profit.
Not only that!
It's as if an invisible hand is driving the price of crude oil forward.
Until international crude oil prices rose from a low of $16.06 a barrel to $18.5 a barrel.
Mark could no longer sit still.
A news report from Iraq solidified his decision.
Entering at a high price?
Despite everyone's belief that the risk was too great, Mark defied the majority opinion and firmly instructed the traders to buy long contracts.
Time flows on.
Seven trading days have passed.
HSBC's investment department held a total of 50,000 long contracts, which generated huge unrealized profits.
at this time!
International crude oil prices were fixed at $20.56 per barrel.
Compared to the average purchase price of $18.52 per barrel, the unrealized profit per barrel is $2.04.
If price fluctuations occur after deducting hedging, the unrealized profit is calculated at $2 per barrel.
The 50,000 long contracts have generated a total unrealized profit of $100 million.
During this period, Mark would even get up in the middle of the night to check the fluctuations in international crude oil prices.
But it's worth it, isn't it?
The unrealized profit of one hundred million US dollars will soon be in our pockets.
This huge profit was achieved under his full guidance.
Although there are some violations, who would say anything when faced with real money involved?
Mark was thrilled. This money would not only bring him a substantial return but also further solidify his position.
If he were to stop there and cease all involvement in crude oil trading, Mark could achieve instant fame based on his previous actions.
However, human greed is endless.
The stock market is a bit better; at worst, it can just stay dormant for a few years until the stock price rises and you break even.
The futures market is different, and its rules are completely different from those of the stock market.
Besides leverage, the most important thing is that it allows for margin calls.
In other words, when the funds in your futures account reach a certain level of loss, the trading market will proactively close out your positions to avoid further losses.
Furthermore, in extreme market conditions, when even the exchange is unable to close positions, it means a margin call.
A margin call, literally, means that all the funds in your account are wiped out.
Not long after.
The traders then reported on the situation one after another.
"President, I have achieved my goal."
"Me too, CEO."
"And me too."
Hearing the trader's words, Mark smiled even more broadly and made a promise to everyone.
“Great. After this is over, in addition to the project bonus, I will personally set aside a sum of money for you as a bonus.”
"Thank you, Mr. President."
"Thank you, Mr. President."
"......"
Mark wore a beaming smile, but inwardly he looked down on Chen Dong.
"Lucky Chinese kid, if you don't short it now, you're really asking for death."
Nothing more!
The news that the United States would increase its daily crude oil production by 1.2 million barrels was truly shocking.
A common saying in the financial markets is "speculating on expectations."
Once this news comes out, won't oil prices go back to pre-liberation levels?
Because of this idea, Mark hurriedly liquidated his positions and then shorted the market to make another profit.
Even if the price of crude oil doesn't fall back to the price at the start of the rally, it would be good if it fell to 18 yuan.
In this way, after two rounds of operations, the funds can snowball.
Perhaps he could become the CEO of the entire HSBC group before he turns 40, instead of being the current president of the Asia-Pacific region.
......
......
Time flies, and more than half of the 7-day deadline given by Sam has already passed.
However, Azawi's official request to meet with Saad was ruthlessly rejected.
The Kingdom of Kote had no intention of paying any attention to the Kingdom of Lak.
Yes, the country of Kurt believes that it now has the United States backing it up and no longer takes the country of Lachlan seriously.
So what if you have an army of 1.2 million?
Do you dare to attack again?
After some time has passed and the military procurement agreement is finalized...
Then they are even less afraid of Iraq's military intimidation.
July 31st.
Sam gave the last day of the 7-day deadline.
Azawi attended a meeting hosted by OPEC.
During the meeting, Azawi accused the State of Kote of violating the agreement between the two countries.
Furthermore, they lodged a strong protest against the increase of 1.2 million barrels of crude oil per day.
Anyone with eyes can see it.
There must be something hidden behind the Lak Kingdom's maintenance of oil well equipment, and the Kot Kingdom is clearly adding fuel to the fire and taking advantage of the situation.
However, both sides have their own version of events.
Azawi knew that if he told Sam about this, the two countries would inevitably go to war.
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
