However, once the principal amount increases to several hundred million US dollars, it becomes much more difficult.
In particular, when leverage is involved.
These have been magnified countless times.
Thinking of this, Chen Dong also felt a little regretful.
However, there are still many opportunities to make money, so there is no need to add unnecessary risks to yourself by gambling in the financial market.
This applies not only to international crude oil futures, but also to the Nikkei 255 index.
According to Chen Dong's knowledge of the market, the 255 index will reverse before October 1st.
Unless one reverses their position and goes long, the current downtrend in the Nikkei 255 index will likely end around this time.
In the following years, the Nikkei index fluctuated occasionally, but overall it continued to decline.
It wasn't until 2003, when the Nikkei 255 hit a low of 7603.76 points, that a five-year bull market began.
The next day.
Chen Dong instructed the traders to start buying back the stocks in a rhythmic manner and then return them to the brokerage firm.
Similarly, regarding stock index futures, under Chen Dong's instructions, Wangcai closed out his positions in the smallest units of 1 lot and 2 lots.
At this point, the Nikkei 255 index plummeted from [point] to [point], and even seasoned stock market investors were on the verge of emotional collapse.
Therefore, it is always better to be safe than sorry.
As of the market close.
All shares that were shorted were bought back through the secondary market.
The stock, valued at HK$860 million, yielded a profit of 104% after a single buy and sell transaction, amounting to HK$894.4 million, after deducting transaction fees.
Including the principal, the total is HK$1.7544 billion.
Stock index futures are even more volatile.
Chen Dong's account has a total of 3,000 short contracts, with an initial cost of [point] and an average closing price of [point].
In other words, during this period, the total profit from stock index futures was [number] points.
Based on 3,000 standard contracts, every fluctuation of ±5 points in the Nikkei 255 index would result in a staggering unrealized profit or loss of $979,100.
Even disregarding the small amount, Chen Dong amassed $2.369 billion in the stock index futures market in less than two months.
If we add the previous $200 million, the total profit is $2.569 billion.
This does not include the profits from the international crude oil market and the exchange rate market.
If you really take all of these into account, excluding the HK$1.25 billion from the HSBC betting agreement, Chen Dong's gains would definitely exceed US$3.5 billion.
It's terrifying!
......
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