“Large funds should continue to drive the market along with the previous funds, but one thing is certain: once it exceeds 10 billion, you need to be quick and cancel the orders immediately to prevent unforeseen circumstances!” Lu Feng asked the crowd, “Any other questions?”
"Team Leader Lu, with over 20 billion yuan in funds, whether it's placing orders or canceling them, three people can't handle it. Let's give it to five people!"
"Then five people, pick five with good mentality. We absolutely cannot let something like a 'fat finger' happen again, understand?" Lu Feng asked the group.
"clear!"
"That's good, let's have some late-night snacks!" Lu Feng stood up, ready to adjourn the meeting.
Several leaders gestured for Lu Feng to stay. After everyone left, they asked Lu Feng, "What you just said about continuously pushing that portion of funds onto the trading screen, did you mean you wanted to place it at the top?"
“Yes! For example, if the exchange rate is eight yuan, I want to place this fund at positions between eight yuan and eight yuan and nine yuan, and at the highest level in each position, which is ten thousand lots!” Lu Feng replied.
"Once it hits, there's no going back!"
“The first five seats are controlled by a dozen or so traders who actively buy in. The rest are left to them. I do this because if a large amount of funds is withdrawn to a very late position, the other party can easily see that this is a fund we dare not touch. They can easily figure out our secrets!” Lu Feng replied.
"But this would be very risky!" the leader said, frowning slightly.
“Everything involves risk. From what I observed in the morning session, they don’t seem to have that much confidence.” Lu Feng could tell that these people didn’t want to take the risk, so he had to make a concession and said, “If you’re still worried, you can send more people. Even if they really crash, they won’t be able to take much.”
"This issue must be taken seriously. We absolutely cannot allow a 'fat finger' error to happen again. I was just saying that five people are too few; let's increase it to fifteen!"
Fifteen people?
There are 30 traders in total, 25 of whom are actively trading, and the other 5 are on standby. Half of them are handling lending and borrowing funds, and 15 people would probably be too busy to trade.
“We’re a bit short-handed, so let’s have ten. I’ll arrange it!” Lu Feng said to the group.
They didn't say much, as this wasn't the time to argue with Lu Feng, and they all nodded in agreement.
Lu Feng went to the restaurant and had dinner with the traders and several managers. He talked about the redeployment and asked the managers if they could take the lead in trading. The managers shook their heads repeatedly.
Are you kidding me?
This is outside your job duties. If you do it well, that's what you should do. If you don't do it well, you'll become a sinner. Just do your job well. If you go up there and make a mistake, you might get dragged out and shot.
Lu Feng had no choice but to reduce the number of people by one. Nine people were responsible for the 20 billion yuan in loan funds, and twenty-four people were responsible for trading. The trader who made the erroneous finger error was too dangerous to use, so Lu Feng finally decided to take over himself!
With less than half an hour left before the market opened, Lu Feng sat down in front of the computer, adjusted the trading keypad, and said to everyone, "Pay attention, just listen to my commands, can you all hear me?"
The two seats in the front corners are inaudible. Previously, Lu Feng always stood in the middle to easily see the big screen and give instructions, but now he is sitting in the last row.
"Get a loudspeaker!" Lu Feng ordered one of the managers.
"In the first minute after the market opens, everyone go long, aiming for 7.9 yuan. Place orders for 1 billion yuan worth of funds. Place 10,000 lots at the buy position, split the order. Lending funds group, do not enter the market for the first ten minutes. Wait for my signal!" Lu Feng shouted into the loudspeaker, "Understood!"
"clear!!"
"Afternoon session opening countdown, ten seconds! Ready!" the manager shouted.
As the market opened, Lu Feng operated his computer at lightning speed, immediately placing a 1,000-lot order. Other positions followed suit, and the short positions were quickly overwhelmed, with a turnover of 500 million. The next minute, short orders came in like a storm, and the trading data bar was filled with green short orders.
"Attack! Attack quickly!" Lu Feng shouted, his fingers almost sparking as he typed. The funds in his account were decreasing rapidly, and the notification bar couldn't keep up.
It just keeps showing: Your account bought Hong Kong dollars... Transaction amount...
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