Being long on international crude oil futures means buying up the future price of international crude oil.
This was the decision Lin Chen made after calculating the international futures varieties one by one while eating.
According to Lin Chen's calculations, the international crude oil futures market will fluctuate greatly this afternoon. The reason for this fluctuation is not human factors, but a change in the general trend caused by an unexpected occurrence.
The international crude oil futures market is huge, with daily trading volume exceeding one trillion.
In such a huge market, not to mention that Lin Chen's small amount of money invested is not even a small shrimp. Even Wu Hui and his Wu family can only be regarded as a small fish, and they may be lost at any time to the real people in the market.
eaten by international predators.
In such a market, it would be completely impossible for Wu Hui to replicate the methods used in the domestic futures market. If he wanted to deal with Lin Chen, he could only pin his hopes on his own vision.
As for his vision, Lin Chen didn't think that there was anyone under Wu Hui who could compare with him who could calculate the success rate!
“Crude oil futures?”
Tang Xin frowned, and then opened the real-time trend chart of the international crude oil futures market.
"Lin Chen, the crude oil market has not fluctuated much recently. This market is like a pool of clear water now. Is Wu Hui's capital still capable of affecting the price trend?"
The less active the market, the more large-scale transactions can serve as a weather vane.
Therefore, Tang Xin judged that if Lin Chen entered the crude oil market at this time, whether he was buying long or short, as long as Wu Hui performed the opposite operation, the market would likely fluctuate due to Wu Hui's actions.
Those speculative retail investors may think that Wu Hui is a big boss who has received the news, and thus advance and retreat with him, affecting the price trend.
Lin Chen deeply believed in Tang Xin's judgment.
However, he knew he didn't have much choice.
After all, it is not every day that major events happen in this world that can affect the financial situation.
Therefore, if Lin Chen wants to take revenge on Wu Hui, the only battlefield he can choose is crude oil.
"Tang Xin, just crude oil. Invest all the more than 100 million in my account to go long!"
"Lin Chen..."
Tang Xin wanted to give some advice, but Lin Chen's mind had been made up and could not be changed.
In desperation, Tang Xin had no choice but to follow Lin Chen's instructions and start building a position in the crude oil futures market.
Lin Chen's current available funds in his account are only more than 100 million yuan, which would be about 14 million US dollars in U.S. dollars.
However, the leverage in the international crude oil futures market can reach up to 100 times. Through this 100 times leverage, Lin Chen’s actual disposable funds reached 1.4 billion US dollars!
It sounds like a lot, but in fact, when Tang Xin invested the money in the market, there was almost no reaction from the market. The price of crude oil has been fluctuating around US$75 per barrel.
Unknowingly, all Lin Chen's money was invested in the futures market.
International crude oil futures are equal to one lot for every one thousand shares. Lin Chen’s US$1.4 billion finally established a total of 18,000 long orders in the market.
Next, as long as the price of international crude oil increases by US$0.01 above US$75, Lin Chen can make a net profit of US$180,000.
But similarly, as long as the price of crude oil falls by US$0.01, Lin Chen will lose 180,000, and if crude oil falls by US$0.78, all Lin Chen's money will be lost.
Seeing Tang Xin complete the transaction, Lin Chen said softly: "From now on, it depends on our luck."
Lin Chen had calculated that within the next hour, a major event that could affect the price of crude oil would happen. However, at which point in time, Lin Chen's ability could no longer be accurately calculated and could only be roughly guessed.
The probability of it happening within half an hour is 60%, and the probability of it happening between half an hour and an hour is 40%.
An hour at most!
As long as he persists, he will win. Lin Chen clenched his fists.
But at this moment, a short order of 100,000 lots suddenly appeared on the crude oil futures market, which shocked Lin Chen.
A short order of 100,000 lots is considered a large short order in the current calm market.
Seeing this short order, the price of international crude oil immediately fell, starting at US$75 per barrel and falling all the way to US$74.95.
In the blink of an eye, Lin Chen had already lost US$900,000.
"Lin Chen?!" Tang Xin turned his head.
"It's them! The Wu family is here!" Lin Chen said with serious eyes.
His guess was correct. After receiving Manager Liu's call, Wu Hui immediately commanded his men and followed Lin Chen into the crude oil trading market.
After confirming that Lin Chen was going long, Wu Hui chose to go against Lin Chen without much hesitation. He wanted to go short!
Because of Manager Liu as a spy, Wu Hui knew Lin Chen's principal and purchase price very well.
"Smash it! Keep smashing it until it reaches $74 per barrel! I will make that kid lose all his money!"
Just as Tang Xin had estimated before, Wu Hui's actions quickly attracted the attention of many people in the calm market.
When these people saw someone looking at short selling, they thought the other party had gotten some inside information, so they placed a short order together.
Soon, hundreds or even thousands of small orders were placed, causing international crude oil prices to plummet.
US$74.9 per barrel…
US$74.87 per barrel…
$74.85 per barrel…
Although the price of crude oil has not changed much, Lin Chen has already started to suffer massive losses.
In just a few minutes, his losses had expanded to $2.7 million!
"Lin Chen?" Tang Xin shouted excitedly.
The current international crude oil price trend is very unfavorable. The short side in the market seems to have been mobilized. A continuous decline seems inevitable. But if this continues, Lin Chen will lose all his principal! Once this happens, Lin Chen will lose all his principal.
Being forced to liquidate his position, Lin Chen lost all his money!
Lin Chen was also very nervous, but he also knew that he had to endure it.
Big events that change crude oil prices can happen at any time.
However, in the next ten minutes, international crude oil futures prices continued to fall.
Wu Hui used far more abundant funds than Lin Chen to establish short orders in the market, causing many people to follow suit.
Soon, the price of international crude oil futures broke through to 74.5 US dollars a barrel.
There is only a gap of US$0.28 from Lin Chen's closing line of 74.22.
"Lin Chen, the trading platform has already issued a warning to us. If we don't increase the margin, the other party will close the position at any time!"
The trading platform requires a margin call, which means that there is not much money in Lin Chen's account that can be lost. If he does not invest more, the trading platform will take the initiative to sell the futures in Lin Chen's account to close the position in order to avoid risks.
Tang Xin didn't know that Lin Chen still had funds, thinking that the money he put into the account was all Lin Chen could afford, and suddenly screamed in despair.
But at this moment, Tang Xin suddenly discovered that Lin Chen had another five hundred million in his account!
"Lin Chen, this money..."
"Stop talking and increase the margin quickly!" Lin Chen ordered.
The trip to Hong Kong Island made Lin Chenhao earn 1.5 billion, but 1 billion of it has been used by Lin Chen. Now, the 500 million is the last fund in Lin Chen's hands.
However, in order to hold on until the miracle happened, Lin Chen had no choice but to bet it all.
Tang Xin didn't have time to think too much and subconsciously transferred the money to the platform.
Five hundred million yuan, equivalent to 70 million U.S. dollars, can allow Lin Chen to hold on for a while longer.