Spot gold is a global market. Simply put, when one market ends, another market will open in succession.
Ellie went to the studio before dawn, kept an eye on the London market, and began to build positions and buy short positions.
Chen Mo slept until dawn and brought breakfast to the studio employees. Ellie and the others were already closing their positions and preparing to move to the North American market, and made a lot of gains. During this one-hour break, Ellie reported her results and earned a lot of money.
1.63 million US dollars.
The Federal Reserve suddenly announced an interest rate hike, and chose to do so last Friday, causing tremendous uproar in global financial markets.
Many people are increasingly unable to understand this market.
1 ounce of gold has dropped to $1,184, and there are many people who are ready to buy the bottom...
On the big screen, the price of gold is beating almost every breath, rising by $0.01 or falling by $0.01.
When the price of the U.S. dollar ushered in a rise, Ai Li stared at the market for more than ten seconds. In just ten seconds, it rose to 23 points.
The entire workshop was quiet with no business at all, and the price continued to rise, reaching US dollars. More than half an hour passed like this...
"Open a position, 10,000 lots, short." Ellie suddenly said.
Everyone took a breath...
",10,000 lots, short."
Watching the price continue to rise, Ellie's heart beat violently.
I can only hear the sound of keyboards and people's breathing in the room...
"Okay." Zhou Feng said and looked at Chen Mo.
Short selling 10,000 lots, gain $1, loss 1 million.
The price of gold continued to rise. Ellie just stared at the big screen and closed her eyes for a while: "10,000 lots, short."
Chen Mo watched quietly and couldn't help but feel his heart beating violently.
", five thousand hands, continue to be empty."
Gold prices continue to rise, breaking the 1190 mark.
Ellie's face was a little rosy and hot. She kept taking deep breaths to adjust her emotions, and her head was making crazy calculations: "Close all positions."
Close the position at a price around US dollars and suffer a loss...
Four times of short selling, the first time was 10,000 lots, the loss was US$3.4 million. The second time was 10,000 lots, the loss was US$3.2 million. The third time was 10,000 lots, the loss was US$2.2 million. The fourth time was 5,000 lots.
,Loss: $600,000.
Total loss: $9.4 million.
Today I entered the market with US$94.29 million and made a profit of US$1.63 million in the morning.
Current account balance: $86.52 million.
…
The price of gold continued to rise, and by noon, all positions in the morning were closed.
There was a big fluctuation in the price of gold at noon...
In the afternoon, Ellie continued to say nothing, watching the price of gold rise to $1,194...
"USD, open a position, 20,000, short."
"Continue to build a position, continue...USD, 30,000 (lots), short..."
Ellie's breathing became slightly heavier: ", 30,000, 10,000 lots, quick... Is there still 6.52 million available balance in the account?"
"Yes." Zhou Feng said.
Ellie covered her mouth, took a deep breath and made a prayer gesture.
"It's almost 1195." Zhou Feng said.
"It will definitely fall, it will definitely..." Ellie gritted her teeth.
"It continues to rise..." Ellie scratched her head: "Wrong, wrong, it's 1200, it's 1200... Close the position, close the position quickly."
Chen Mo watched the explosion on the spot... How much was the loss?
Positions were closed left and right, a total of 50,000 lots, loss: 3 million.
Account balance: $83.52 million.
…
Spot gold is a game between the main short sellers and the main bull sellers.
A person with a capital of 100 million entering the market is still just a retail investor in terms of the spot gold market.
"Switch to long position and buy with full position."
Buy USD, prices continue to rise…
"It's 1,196 US dollars." Zhou Feng said.
Ellie bit her finger.
"It's $1,197..." Jimmy exclaimed excitedly.
"It's US dollars." Zhou Feng reminded.
Ellie bit her finger and continued to look at the market...
"Time..." Zhou Feng reminded again.
"Wait a minute, wait a minute..." Ellie gritted her teeth.
"time……"
"It's still early, there's still an hour and a half..."
"Dollars. Time..."
"Close the position." Ellie took a deep breath, sat weakly on the chair, and looked at the trend of the market curve, approaching $1,199.
After a long time, after all traders closed their positions, Ellie stood up from her seat and was no longer too lazy to think: "How much do we still have in our account?"
"We just made 83,520 long orders." Roosevelt, a senior trader, came over and said tremblingly.
We are now approaching the delivery point. Let alone 83,520 orders, no matter how many orders there are, they will be swallowed up easily.
"The average profit per lot is $280."
Ellie took a long breath with her face flushed and waved her hands vigorously.
She made a profit of US$23.38 million by switching to a long position, and now has US$106.9 million in her account. Ellie felt her heartbeat and touched her forehead...
Chen Mo stood nearby. He originally thought he had lost money, so how could he still make money?
This roller coaster is so exciting.
Chen Mo felt that his heart was not good and beating loudly...
Losing millions and making profits of tens of millions, it feels like it happens in minutes, it’s so scary.
Ellie took deep breaths several times to calm down.
At the two points of 1190 and 1195, Ellie made consecutive misjudgments and was close to the edge of collapse.
When the point of 1200 was determined, Ellie became hysterical and immediately launched a heavy position.
This point is actually very, very dangerous. The previous judgment was that gold will usher in a big drop. If the judgment is wrong again at the 1195 point, and the operation of the full position is not good, the position will be liquidated this afternoon.
"It's time to open a position again..."
Roosevelt was startled after hearing this: "The market is going to be closed."
"I know……"
"1199, the market direction is very unclear, hold the overnight position..."
"Hurry up and open a position." Ellie said.
"How many……"
"Twenty thousand lots, sell short."
Holding a position overnight is a very dangerous thing in the gold market. If you hold a position overnight, it will be blown up accidentally...
20,000 lots...
Spot gold is traded 24 hours a day. The North American market is stopped, but other markets are still operating...
1200, Ellie's calculation is definitely a critical point... But if it is wrong... 1 ounce of gold, if it skyrockets by 50 US dollars overnight, that is, from 1,200 US dollars to 1,500 US dollars, the money in Chen Mo's account will instantly
explode.
Ellie's current situation is a bit out of control. She doesn't look like a calm trading team manager, but like a gambler.
Still a crazy gambler.
The position opened in U.S. dollars was 20,000 lots... There was a big fluctuation at the close, and the U.S. market closed in U.S. dollars...
"Yes, you made the right decision, prepare to come over tomorrow to count the money." Ellie stared at the big screen until the end, and finally let out a long breath.
Chen Mo didn't know what to say...
Look at Ellie, let everyone pack their things and go back.
"Are you sure gold is going to fall?" Chen Mo opened the car door for Ellie, sat in the passenger seat, and said.
"It will definitely fall. It will definitely..."
Chen Mo looked at Ai Li: "Your previous operations... I mean when you first started, I felt that you were very calm. But last weekend and today... your mentality..."
Ellie was stunned for a while and said, "Trust my judgment."
Chen Mo smiled: "Of course, of course I believe you."