"Lin Chen, why didn't I realize before that you actually like to talk so much?" Tang Xin stood up and said angrily.
"That's probably because we rarely communicated before, right?" Lin Chen said with a smile.
Tang Xin shook his head and bent down again: "You must listen carefully this time!"
"Don't worry, I'm listening attentively!" Lin Chen nodded, but his eyes still couldn't help but wander.
Fortunately, he immediately took a deep breath and got rid of distracting thoughts.
In fact, Tang Xin's explanation boiled down to one content. Because of the high risk of futures, she did not recommend Lin Chen to invest in those products that would fluctuate violently.
Futures are different from stocks. In addition to market fluctuations, there are many unexpected situations. For example, during manipulation, if you are just distracted, the price of futures may fluctuate violently within a few seconds. If you do not react in time,
, it is very likely that the position will be liquidated directly.
So during the actual operation, Tang Xin also strongly requested Lin Chen to let her do the trading, and Lin Chen only needed to make decisions.
Although Tang Xin didn't have much experience in trading futures, at least she was more knowledgeable than Lin Chen.
"Okay, that's roughly it. So how much do you plan to invest, and which variety do you want to start with?" After explaining again, Tang Xin asked with her hands on her hips.
Lin Chen touched his chin and said a number first.
"Two hundred million... okay, I know you're worried that the risk is too great, so just give it 100 million. Even if you lose money, you won't feel bad."
As for the margin, Lin Chen chose the highest leverage, which was 5% margin and twenty times the leverage.
Because he had made concessions on investment before, Tang Xin had no choice but to agree to make concessions this time.
The next step is to consider which product to buy.
The probability that July soybean futures will rise today is... 100%
The probability of rising more than 5% is... 0%
In this way, Lin Chen calculated the several futures products recommended by Tang Xin on the screen one by one.
But he didn't know that just when he was busy calculating the probability of futures, he was in an office not far from them.
A figure picked up the phone: "Hello? Mr. Wu! Yes, that guy is ready to invest in the futures market. I took a look and he invested 100 million with a 5% margin, but he still has 100 million in his account.
spare."
"Okay, I understand. As soon as he makes any move, I will contact you immediately."
"It's my honor to serve Mr. Wu. Okay, goodbye..."
…
"Tang Xin, let's buy January iron ore. We have a full position of 100 million to buy January iron ore, and the price is 750."
After repeated calculations, Lin Chen finally calculated all the futures.
The choices Tang Xin gave him were the same as her own analysis. They were all relatively stable varieties with little fluctuation. However, under the influence of leverage, even a 1% increase was actually equivalent to 20 times the leverage.
With an increase of 20%, the income is already sufficient.
Lin Chen calculated over and over again and decided to start practicing with iron ore in January, which had the highest growth rate from now on.
After a few transactions, he will try to get Tang Xin to start investing in futures products with greater volatility.
The January iron ore here refers to the iron ore contract expiring in January.
The current iron ore contract price is 757 per ton, and the minimum trading unit is 100 tons per lot.
If you look at the price, Lin Chen's 100 million yuan can buy almost 100,000 lots.
However, because Lin Chen could leverage 20 times the leverage, in fact, the iron ore futures he actually bought were 2 million lots, close to 2 billion iron ore futures!
According to Lin Chen's calculations, the price of January iron ore today will increase by 6% from 750 per ton, which to him is almost a 120% profit.
Tsk, tsk, tsk... This speed is no worse than gambling.
No wonder some people always say that the futures market is actually a casino, and it is also a large, legal and compliant casino.
Tang Xin was stunned when he heard Lin Chen's instructions.
"Lin Chen, do you want to buy the entire position in your first transaction? This is too risky."
"It's okay, don't I still have 100 million to spare? Tang Xin, you'd better start trading quickly, otherwise it will go up!" Lin Chen looked at the price index of iron ore and hurriedly patted Tang Xin on the shoulder.
As they were talking, the price of iron ore in January had dropped to 752 a ton.
Tang Xin sighed and started operating for Lin Chen.
Let's take a look first. Iron ore futures trading is not very active anyway, so the increase or decrease should not be large. Tang Xin thought to himself.
Soon, all of Lin Chen's 100 million yuan was invested in the iron ore futures market.
After Tang Xin finished the operation, the two of them sat in front of the computer and watched the changes in the market closely.
However, Tang Xin seemed more nervous than Lin Chen, because this was her first time to operate futures, and with a huge capital of 100 million, she couldn't help but be nervous.
However, it seems as if God wants to play a joke on them.
After Tang Xin bought it at 750 per ton, the price of iron ore in January remained at 750 for about ten minutes, and then suddenly started to fall!
"Oops! No, it fell!" Tang Xin screamed.
Lin Chen hurriedly comforted her: "It's okay, it's just a little bit..."
"How can this be just one point? It's already 1%!"
After hearing what Tang Xin said, Lin Chen couldn't help but look at his account and saw the green loss amount on it. Even though he was mentally prepared, he couldn't help but feel that his heartbeat seemed to be speeding up.
With his 5% margin, as long as the market fluctuation exceeds 5%, he will be forced to close his position directly by the securities company, and then he will lose all his money.
Tang Xin was more nervous than Lin Chen and held Lin Chen's hand tightly.
Fortunately, at this time, things turned around and the price of iron ore jumped back to 750.
This time, the price of iron ore did not stay at 750 for long, and immediately began to rise. The increase was rapid, and it did not take long to reach the price of 765 per ton.
"It's up! It's up!" Tang Xin's eyes lit up and he said excitedly: "Lin Chen, a 2% increase, magnified twenty times, your principal has already earned 40 million!"
In just ten minutes, Lin Chen had already earned 40 million.
His eyes lit up and he felt that futures were really exciting and much more fun than stocks.
"Lin Chen, 40% of the profit is enough, let's sell it quickly and settle down, right?"
"No rush." Lin Chen patted Tang Xin's hand, "I think this wave may reach over 790. Let's wait."
Tang Xin didn't know where Lin Chen got his confidence, but at this time, she decided to believe in Lin Chen because Tang Xin felt a sense of confidence from Lin Chen's hands.
In the next period of time, the price of iron ore has been ups and downs, but the overall trend has been rising and is about to approach the 790 mark.
However, at this time, the price of iron ore suddenly fell all the way, from 789 to below 780, and then continued to fall towards 770.
"What's going on?"
Lin Chen was a little confused, because the situation in front of him was not within his calculations!