"By the way, Babner's shares have been unfrozen..."
Chen Mo took out his phone and looked at it...
U.S. stocks rose across the board, coupled with a strong dollar.
At the beginning of the year, Chen Mo purchased 5 million shares of Babner Company from Wellen Company...
Those 5 million shares originally belonged to Wellen Company, and Chen Mo subscribed for them at a price higher than the market price, $7.50 per share.
I thought that a financial crisis was coming, or that I would have to wait until the end of the year to sell it in order to recover the capital... The current share price of Babner is US$8.7 per share.
Chen Mo first sold 100,000 shares, and then sold 200,000 shares...
"Has anyone been buying this stock?"
Chen Mo tried again for 500,000 shares, but they were bought instantly.
Chen Mo set a price to automatically sell the remaining 4.3 million shares, and opened the gold market...
The price now has reached USD.
Chen Mo called the bank, applied to open a position and directly threw in 110 million US dollars...
I have been watching Aili's trading recently, and Chen Mo has already understood it.
Build a position first. The position you build cannot be too high and there must be enough operating space...
Build a cabin at the position, 30,000 lots, buy down.
The general trend, Chen Mo believed in Ai Li's judgment...but he didn't expect...
As soon as I entered the market, I immediately experienced a surge.
1196, it returned to 1197 in a few minutes... Chen Mo looked confused, and entered 1198... 1199 US dollars...
London gold is spot gold, and New York gold is futures gold.
The trends of the two markets are different, but the price gap is not big.
30,000 lots may seem like a small amount, but with the use of leverage, more than three billion U.S. dollars can be leveraged.
A butterfly flapping its small wings may cause a big storm, let alone more than three billion...
Chen Mo was a little confused, but fortunately it did not break through 1,200 US dollars, and the airdrop was called back... Until the closing of the evening, the price stayed around the US dollar in the last few minutes.
The market opened the next day with a big drop.
The trend after that probably returned to normal. Chen Mo also discovered that the trends of spot gold and New York gold are basically the same, but the price fluctuations of spot gold are significantly greater than futures gold...
Futures gold prices fluctuate relatively little.
The price of spot gold fluctuates greatly... This is bad, it is obviously eating up accounts with insufficient margin...
If you only have 1,000 U.S. dollars, make one lot. Or if you have 100,000 U.S. dollars, make 100 lots, these accounts will be eaten away even if you don’t pay attention during big fluctuations...
Chen Mo has sufficient guarantee funds in his account. In the following time, although the price occasionally rose to 5 US dollars, the general trend was that the price of gold has been falling. Especially when the United States released employment data again, the unemployment rate reached nearly
Three-year low…
Entering the spot gold market, the price can fluctuate by several million every minute. The price of gold occasionally rises, but the general trend has been falling...
…
Come Friday again, looking at the London gold price, the U.S. market should open at around $1,168.
Chen Mo barely slept all night again. He opened his eyes in the dark, looked at the ceiling, and glanced at his phone from time to time...
Hundreds of times of leverage, hundreds of times of temptation, and hundreds of times of fear. Especially with huge funds, Chen Mo finally understood why Ellie had a gambler's mentality in actual operations...
"Dear, the total account value is 118.31 million U.S. dollars. I am going to close the short selling and hold more funds to protect the buying and selling..." Ellie got up very early in the morning and gave Chen Mo cereal and goat's milk to eat, saying
.
"Hmm. How many increase orders do you have on hand?"
"18,500 lots."
"Spot gold, why don't you wait until the low point and buy it directly..." Chen Mo remembered that his order of 30,000 lots was easily opened.
Ellie opened her mouth and was speechless: "We are not the only ones waiting to buy the bottom. Spot gold is very large, but it is not infinite."
Spot gold is a market maker transaction, which means that if you want to buy or sell at any time, you can smoothly facilitate the transaction, but... there is also a stable range for buying and selling. If there is a big market... like now, $1,168
, its status has been quite low in recent years.
Waiting for the big market trend requires patience. If you have enough funds, it is always right to prepare in advance.
After Ai Li left, Chen Mo was no longer sleepy. He leaned on the bedside with his clothes on, staring at the ceiling in a daze...
My head is empty, I don't know what I'm thinking about.
Ai Li's mentality has finally adjusted, but Chen Mo's mentality has improved somewhat.
In the US dollar position, Chen Mo was short 30,000 hands.
what does that mean……
For every dollar that 1 ounce of gold falls, Chen Mo makes a net profit of 3 million.
Ellie's estimate is that gold prices may fall to around $1,150.
It is only US$1,168 now, and there may still be a drop of more than ten US dollars, which is tens of millions.
After working hard for a whole year on the ranch, I only made tens of millions. But now, I just have fun every day...
After lying down for a while, the US gold market opened and the price of gold fell again. Chen Mo went to the refrigerator to get a bottle of mineral water, and suddenly saw Ellie's sticker on the refrigerator: People must not be greedy...
On the coffee table, in front of the computer desk...
‘The profit you get in hand is profit, the numbers on paper are just clouds’.
‘Greed is the devil, you must restrain your desires’.
There are many similar notes in the room, all of them are reflections from Ellie.
This week, Ellie will review herself every day when she comes back to see where she went wrong today. At some point, she has the urge to give it a try...
Ellie is indeed a genius. She can calculate billions of numbers in a second or two. She is also very sensitive to curved numbers...
But after all, spot gold is not a calculation problem. The calculated things, combined with the team's intelligence data analysis, can lead to a general trend. There are many people who can predict the general trend, but in actual operations, only those who can restrain their desire and persevere
People will be the final winners.
Ellie did a great job at trading. Her initial madness and lack of composure gradually came under control. She also regained her confidence as a genius...
On the contrary, Chen Mo was restless inside.
Entering the spot gold market, Chen Mo felt like he had discovered a new continent... The money in this market seemed to be taken care of as if no one wanted it... It was faster than picking up money and robbing it.
Chen Mo walked back and forth in the living room anxiously, feeling excited and scared at the same time. Before he knew it, it was almost noon, and his cell phone suddenly rang when he placed it on the table, startling Chen Mo.
"Hey, come here quickly. Lao Roma and I will leave for the pier in Beiwan District. Come here quickly." Bai Xiaoou said excitedly on the phone.
"Well, come right over."
"Hurry up, Lao Luo Ke and I don't have a yacht driving license. We bought a new yacht, but it was specially given to you."
"Go away...come right away."
After hanging up the phone, Chen Mo took a few deep breaths, turned on his computer and looked at the gold market. It had reached 1,165 US dollars.
Earning nearly 10 million in one morning, it's so... crazy... crazy.
"Close the position, close the position..." Chen Mo almost gritted his teeth and chose to close the position.
The one-time closing of 30,000 short-selling positions caused a great shock, which caused a lot of trouble for Ellie...
After all, this market is really huge, especially the US market, where there are more than ten trillions of funds fighting and competing with each other. Although 30,000 lots of short selling caused a big shock, the impact on the overall situation is also small.
It’s not an exaggeration to imagine…
30,000 lots, open a position in U.S. dollars. Then close the position at a price of about 20,000 lots...
After deducting transaction fees, overnight fees and other expenses, Chen Mo made a net profit of US$90 million...
Net profit of 90 million in one week.
Choosing to close the position today, firstly, Ellie is preparing to switch to long position. Secondly, today is Friday, if the position is held after the weekend... not to mention that it is a big market now. Will the gold price fall to 1150 as expected?
Dollar, Ellie is not a fairy, no one can accurately predict...
For spot gold, small retail investors and small institutions basically open positions on the same day and close them on the same day. They rarely hold positions overnight, let alone hold positions over weekends.
He made nearly 100 million in one week. It can be said that Chen Mo had no operation at all. He just had the data analyzed by Aili and became a standard gambler...