"I've been playing recently and I've made some money." Ham said simply, but his face was glamorous.

Even for Americans, oil futures are a new thing, and have only appeared in recent years. 1986 was a year of ups and downs in oil futures. The sudden rise and fall of almost doubled has made many people rich or lost money. By 1987, the number of participants in oil futures suddenly increased.

Here, hedging oil companies and factories are the core, and then the speculators are flocking in, as well as staff from oil-related industries.

Although the transaction volume has increased, the oil market in 1987 was really stable, and not many people could make money this year. Ham does have the capital to be proud.

Su Cheng hesitated for a moment and asked: "Can I participate in oil futures?"

Ham laughed and asked, "Do you have money?"

Sucheng turned his head to George and said, "If you can do my financial leverage, I guarantee you won't lose. I will use my salary for the next 10 days, that is, $1,000, but please use $1,000 to help me buy oil futures. If I lose more than 10%, you will automatically close the position, sell the futures, and use my money to compensate for the losses. If I make money, I will give you a 50% tap."

"Are you willing to give up on $1,000?" George was more familiar with China and advised: "The futures market is changing every moment, and 10% changes occur frequently."

"I know very well. It is just because China does not allow individuals to invest directly in foreign futures at present, so I ask you to help." Su Cheng thought for a while and said: "In the past year, the GDP growth of major industrial countries in the world has been flat, while OPEC has controlled stable production. It should be said that this is the year when the market oil prices are most in line with the official pricing. In this year, it is not easy for oil prices to fall by 10% at once."

George was slightly surprised to hear what he said.

In his eyes, China is still the ancient China. Being able to speak OPEC in English and understanding the role of OPEC are completely different concepts.

George and Ham, Henry looked at each other and nodded slightly, "I can ask you to try it, but if the situation is not good, I will sell it at any time."

Hamm added: "The minimum unit is 1,000 barrels, which is 18,000 US dollars according to this price. If the fluctuation exceeds 5%, you will lose 1,000 yuan."

"Then, if there is a 5% situation, you can close the position." Su Cheng also made a desperate attempt.

If he loses this opportunity, he doesn't know when he will still be able to win the first pot of gold. Being in a state-owned enterprise can allow him to access the oil he likes, but in a state-owned enterprise, there are many unfree places.

Sucheng naturally doesn't remember the specific oil price changes in 1987. However, this was indeed a very special year. The stability of oil prices could never be reproduced in later generations. Before and after this, the oil price was as low as US$10 and the highest as US$40. Only in 1987, oil prices always fluctuated around US$18, and in fact, most of the time, it was below US$17.8.

This is also the reason why Sucheng did not deliberately understand the futures market and knew this information.

Although there will be no big rises and falls in the market, in addition to holding PDAs, what Sucheng can use is the stable price in 1987.

"Let's start, how do you usually think about the futures market?"

"There is a dedicated line in the conference hall." Ham jumped up first. He was very gambled, and no matter how much he bet, his excitement was the same.

The group moved to the conference hall, used the slow dedicated network there to check the quotations in the futures market, and used the telephone to buy and sell.

Fortunately, today's prices fluctuated upward.

Su Cheng immediately pointed to Standard Crude Oil and said, "Please sell it short at 18 yuan."

George then called and used his own money to buy 1,000 barrels of New York Stock Exchange contract, and told the other party that he would close the position if he lost 5%.

As soon as the transaction was completed, the market began to move downward.

This shows that Sucheng has been betting right. Hamm asked anxiously: "Look at the news, are there any negative news today?"

He said, turning to Su Cheng, "Did you see any negative news?"

Su Cheng shook his head. He only knew that if he shorted at the price of 18 yuan, he would never lose 5% anyway, because that means that oil would rise to 18.9 yuan. In the whole of 1987, there was almost no such market, because there were too many orders on the exchange, and the oil futures market with more than 24 million shares was like a huge lake full of money. Unless it was raining continuously, it would not rise.

Only next year will Saudi Arabia and other countries violate OPEC's quota production indicators and export large quantities of crude oil, price fluctuations will become severe.

Nevertheless, prices fluctuate very quickly during a day of futures trading, like a tidal phenomenon.

On the flashing computer screen, the price of New York crude oil quickly fell back to 17.6 yuan.

Sioux City decided to liquidate, earning 40 cents per barrel of crude oil, totaling $400.

Ham laughed and said, "No, good, 40% of the gains are very good."

Henry also turned his wine glass and stared at the screen intently.

Su Cheng smiled but said nothing. When the price fell below $17.5, he went long again, which means he bet on the rise.

This time I waited a little longer, about half an hour before I reached the 17.7 position. Sucheng was not greedy and directly liquidated the market and got $200.

It would be good to make 60% of the profit in thirty or forty minutes. Especially for a Chinese, this is equivalent to his salary for several years.

In fact, in the whole year of 1987, price fluctuations were so flat that most futures traders made hard money by relying on this method.

However, from another perspective, if there weren't countless price-sensitive futures traders who made this money, the price of crude oil would fluctuate much more violently.

"Do you still want to continue?" George was curious about Siucheng's method and continued: "According to your 1,600 yuan basis, I can lend you $30,000 this time."

"Okay, then, let's sell it short at 17.8 yuan. I guess you'll have to wait a little longer this time."

"It's okay, let's play poker!" The three foreigners were very energetic and all sat on the conference table.

That night, none of the four of them went to bed, watching Sucheng manipulate futures and go.

They have seen the trading model of Sucheng clearly, which is to use 17.8 yuan as the baseline, buy long if it is below 17.6 yuan, and sell short if it is above 17.8 yuan.

Even if you know, you will not dare to do this unless you are reborn.

Because there are too many factors that may cause price fluctuations. For example, an OPEC ministerial meeting that was too successful or unsuccessful, a US presidential speech that was too successful or unsuccessful, a third-party organization investigation report, an oil company blowout, an interbank share transaction, war, debt default, etc. may all cause immediate and drastic changes in prices.

With Su Cheng's operation method, it would be like losing all his money.

However, 1987 was too special. In this year, Saudi Arabia, Iran, Venezuela and other traditional troublemakers did not happen. OPEC controlled production changes to an astonishing 1%. Oil companies did not carry out any mergers and reorganizations. Industrial countries developed stable like mechanical movements and world peace...

In fact, except for this year, there is no other year of market oil prices that have followed OPEC's guidance so well.

Sucheng repeatedly operated 7 times, and when he arrived at the market, he earned a total of 3,500 US dollars. It was not a lot, but it was enough to make people jealous.

George took out $1,750 from his suitcase and handed it to Sucheng at a 50% share. He said happily, "I'm going to run out of my cash."

"Can you help me open a bank account? This way you don't need your cash." Su Cheng continued his words. Foreign countries have various bank accounts that only require passwords, and non-natural person accounts operated by the client are also in groups. This is a good thing that does not exist in modern China.

George nodded and said, "If you have your authorization, of course."

He immediately started operating on the phone. George is a middle-level and senior executive of United Chemical Group, with his own accountant and lawyer. Through them, the work he had to wait for a day was completed soon.

George then handed the phone to Sucheng and said, "The account has been set. Now you use the phone to set your password and remember the account number. This will be your private property in the future."

He is willing to help Su Cheng, in addition to earning half a month's salary, George is also optimistic about his future.

As far as he knows, Su Cheng was betting with his full wealth, and this courage alone was astonishing.

How could he know that Sucheng operates business in a relatively safe situation and has nothing to do with courage or boldness.

In the next day, the three of them hurriedly visited several equipment factories and returned to the conference hall before the opening of the US futures market.

George and Hamm, who were extremely jealous, took out more than half of their family funds and raised $100,000 with George, and handed over it to Sucheng for operation. Sucheng could still get 50% of the money they earned, but they took all the risks.

The difference is that Sucheng's commission is calculated directly every time and deposited into his own bank account.

With the same technique, by the morning, Sucheng's income increased to $4,000. George and others were completely relieved. Now, Sucheng has the ability to resist and compensate for the risks that may be caused by the futures market. The three of them are just equivalent to Sucheng's banks, with high profits and extremely low risks.

"Bang bang"

The waiter knocked on the door and called out.

Sucheng climbed out of the hotel and got into the car, and started to sleep loudly. George and others had slept with shifts. If they could persist in this fashion, their happy noses turned red.

This night, they also made more than 1,000 US dollars on average. The most important thing is that they can continue to do it at night.

Cui Hongguo, who was a little famous just now, was embarrassed and said in English: "Sorry, Su Cheng may be too tired."

"Yes, it's very hard." George carefully took off his upper suit and covered Su Cheng with his body, and his little intention seemed to be worshipping the God of Wealth.

...
Chapter completed!