Don't be fooled by the fact that the pound is the most active, bouncing around 300-500 points to 600-700 points every day. That's just a fluctuating pattern, going from low to high or from high to low.
The magnitude of price increases follows a certain pattern; otherwise, who would dare to do business with them?
One dollar today, one dollar and thirty cents tomorrow, and eight cents the day after tomorrow.
This has led to the development of foreign exchange futures as a method.
Xing Baohua is also dealing with cross-currency pairs, such as the US dollar against the German mark and against various other currencies. When the US dollar appreciates, it means that other currencies are depreciating.
Ironically, this guy also bought short positions in the pound, and the more the pound rose, the more money he lost.
Xing Baohua's capital may seem substantial, but it's actually quite insignificant compared to other countries' trading activities. A one-cent increase translates to 1000 points, and a two- or three-cent increase is unbearable for most.
What I can't stand the most is the mainstream currency, the US dollar.
To be honest, despite the seemingly good relationship with the United States, there are many complexities that are difficult to explain in a short time. Sometimes, the United States goes too far and has to clean up the mess for the United States.
When the pound rises, the US dollar is the first to suffer. Even a rise of one or two cents will cause the dollar factories to print countless banknotes to fill their hole.
Normally, a small increase is fine, but this time the price increase is excessive, resulting in a loss of significant monetary benefits for the US!
With daily transaction volume in the tens of millions, a single misplacement of a decimal point can result in losses of hundreds of millions.
Therefore, if the price increase is not controlled after the Great Eagle, then it should be directly suppressed.
Xing Baohua has been hoping that the pound will continue to rise, so he can short it when it does.
Selling on rallies is an old trick. I used it when I was shorting the Hang Seng Index, and I was really good at it!
So for every cent the pound rose, Xing Baohua would short sell tens of millions to hundreds of millions of dollars worth of goods. There was no fixed amount, but each order was placed with leverage of 100 times.
As the order book accumulated, the higher the pound rose, the greater the risk for Xing Baohua's orders. After two consecutive weeks of this, Xing Baohua had already used up six billion US dollars, two billion of which were margin deposits for the earliest orders.
Xing Baohua's margin call point is also approaching 2 yuan. If Xing Baohua invests another 2 billion yuan, the margin call point could very likely rise to around 1.9-1.95 yuan.
The amount of funds in the margin account is not fixed.
Currently, the Eagle Pound is trading at 1.88, very close to the 2-dollar mark.
Unfortunately, after being warned by the US, the pound has become much more restrained. Although it still fluctuates daily, it remains within the rules.
When Xing Baohua suffered huge losses in the currency he was playing, those who had tried everything to get him to buy furniture from the club had disappeared.
Even Lau's side has stopped taking the initiative.
Many people lamented Xing Baohua's adventurous spirit, calling him a complete idiot who wasted over 10 billion yuan. They said he might as well have used that money to play ball games instead.
Spend 3.4 billion to build the world's largest stadium, and then use half of the remaining money to hire the world's most famous coaching staff and buy the world's best players.
As for that guy, forget about the King of Polo; he probably wouldn't even survive the next day if you bought him.
In the 1986 World Cup, he stole the easy way out for England.
A hand of God, a lightning bolt that swept past five people.
I'm really afraid that this person won't live past the next morning after arriving at the Eagle City.
Xing Baohua doesn't reveal any financial information about his trading, but the established elites on the other side occasionally release some information.
At what price level did Xing Baohua short the pound, and how many orders were placed? The pound was clearly in an upward channel. What were the losses?
This matter has been protested, but if protests were effective, the newspapers wouldn't have published it; they did it on purpose.
Go to court? Go ahead! At most, they'll just issue an apology. Anyway, these rumors haven't caused Xing Baohua any real loss.
Damage to reputation?
Xing Baohua will have to find the person himself.
Big Eagle J Fang is also happy to help you find it; they're quite busy.
Many people were delighted to see Xing Baohua's anger, and some even mocked him through newspapers.
After reading a report in The Sun, Xing Baohua slammed the newspaper on the table and said, "Laugh all you want, because the more you laugh, the harder you'll fall later."
Then, Xing Baohua asked the traders, "Can you predict it will reach two yuan?"
The boss's margin call point is right here. He asked loudly because he was worried that it would reach this point.
The traders looked at each other, and then one of them raised his hand and said to Xing Baohua, "Boss, 75% probability. Very high."
“Okay, listen to me. When the price reaches 1.95, cut your losses on the top three orders and free up funds to short 2.00,” Xing Baohua said loudly.
The traders were shocked, thinking, "This is unbelievable."
Xing Baohua used losing trades to cover his positions. At that time, he didn't even have any margin and was at risk of being liquidated at any time. Before being liquidated, he would first settle the top trade, using the least amount of loss to obtain a large amount of margin, and then use this margin to place a two-dollar trade.
Most people are cutting their losses to raise margin, which is essentially manually incurring losses on their own. At this point, they generally won't trade anymore and will instead observe the market.
Xing Baohua's approach can be summed up in one word: bold.
If the margin is used to place an order, the account will inevitably be liquidated within five points, and the person does not have enough funds to support the margin for this order.
This means it's a do-or-die situation.
Regardless of what the traders think, they're paid to do the job and follow orders. They do whatever Xing Baohua says; once they develop their own ideas, they're not far from death.
Then, Xing Baohua came over to Xiao Tian's side, and seeing this guy leisurely looking at the chart, he said, "When it's between 1.93 and 1.94, give me a slippage order, a 30-millisecond order."
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
