I have done some popular science in the previous article. Each point of the S&P 500 index futures contract represents 250 US dollars. Sun Dahai has a thousand long contracts in his hand.
If the index rises by 10 points, Sun Dahai's floating profit will reach 250*10*1000, which is 2.5 million US dollars.
Because there is no actual transaction, this kind of profit and loss on the book is called floating profit or floating loss, which is the profit and loss that changes at any time according to the market situation.
Many investors who are short of funds but relatively aggressive will use part of their floating profits to expand transactions. This has both advantages and disadvantages.
The advantage is that you can increase your position and expand your profits when the direction is correct. The disadvantage is that as your position increases, your ability to prevent market fluctuations decreases, which can easily lead to a loss or forced stop loss.
Large investors or institutional investors generally do not do this. Due to their large amount of funds and large number of positions, they must have a plan for entering and exiting the market. What they care more about is the risk of closing positions, that is, they cannot successfully complete the exit and exit.
goods.
The trading team used the quota given to them to buy and sell, and had a lot of fun. When Sun Dahai judged the general direction, their trading profits were pretty good. In a few months, they made hundreds of thousands of dollars.
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Sun Dahai's income is much greater than theirs. Based on buying and selling alone, Sun Dahai's one thousand long contracts made a profit of US$13.75 million. In addition, the trading team sold high and bought low during the month change operation.
, as well as the profits from the trading team's own operations, the final amount in the account was 19 million US dollars.
Sun Dahai's judgment was relatively accurate. After a few trading days, although the S&P 500 index finally reached 170, the power of the bulls had been exhausted.
The entire U.S. stock market has been rising almost non-stop for half a year, and it’s time to take a break.
Sun Dahai seized the opportunity, went short backhand, and opened 3,000 short orders at 170 points. The margin for each contract is now US$3,400, and Sun Dahai spent a total of US$10 million to make this callback.
The general trend of the stock market has not changed. It is now just an adjustment in the upward process, used to correct various data that have seriously deviated.
When really operating large funds, Sun Dahai would not operate in this way when encountering such a callback. At most, he would operate in the opposite direction, lock in part of the profit, or reduce his position appropriately.
Because large funds hold large positions, every move can cause market fluctuations, and it is really troublesome to enter and exit.
Sun Dahai relied on his small capital and small boat to make money by turning around, making money on both sides of the rise and fall, and keeping the market stable.
When operating against the trend, what you need is to be "stable, accurate and ruthless", and what you do is "short, flat and fast". In fact, it is a bit like pulling chestnuts from the fire, playing with your heartbeat.
More than ten days later, the index fell below 150 points as expected. Based on the graph, Sun Dahai could calculate the correction position, which was probably around 140 to 141 points, but he would never try to reach the highest point or the lowest point.
That is a manifestation of obsessive-compulsive disorder, and it is easy to get yourself killed in the financial market.
Sun Dahai ordered the closing of the short order at 145 points. After the trading team completed all operations, they all let out a big sigh of relief.
The transaction is completed, and the margin and profit are returned to the account. The total amount in the account now becomes $37.5 million.
The U.S. market has come to an end for the time being. According to usual practice, if this kind of long-term market encounters a sharp rise or fall, it will take several months to adjust. You can put it aside for now.
The trading team received the half-million-dollar bonus from Sun Dahai and went to enjoy the vacation happily. The life of a trader is like this, tightening and loosening, like a spring.
It is now mid-May, and Sun Dahai has given them a month's leave. Laurson and Peng Jiayi are happily traveling on their own, living in their own world. Xing Wenyan is staying in Xiangjiang to rest, she wants to study
Yoga to stay in shape.
The worst thing was Qiao Wanting. Everyone had arrangements, but she had no choice. She pouted alone and went back to school. This is also the credit system at Xiangjiang University. If it were a domestic university in 1983, she would have been admitted long ago.
Was fired.
Min Rou, whom they nicknamed the "full-time nanny", packed up the information and documents and returned to the company to report on her work.
Now she is still in the probationary period in the trading team and is managed by the company. However, the people in the team are very satisfied with her work. When they gather again, Qiao Wanting will officially transfer her.
Erection Future now has enough manpower. After Qiao Hongwei listened to her work report, he also gave her three weeks of rest and asked her to go to work and make preparations before the trading team gathered.
After she officially transfers to the trading team, her salary will be transferred from the team. The monthly salary is much lower than when she was in the company, but after the market is over, if she still makes money like this time, the bonus will be given to the team
, she will also have a share.
The little girl skipped away with a red envelope in her pocket, a check for US$8,888, sent to her by Qiao Wanting on behalf of the trading team.
It is a habit in this industry to give out red envelopes for good luck. Giving out more or less depends on whether you make money, and the person in charge has the final say.
Chef Cao also received a red envelope of US$1,888, and the other three people in the restaurant each received a red envelope of US$888.
Qiao Wanting is not stingy, her hair is very beautiful when she gives out red envelopes.
The trading came to an end for the time being, and the trading team went on vacation. Sun Dahai also had time, and he turned his attention to Xiangjiang again.
Xiangjiang seems to be peaceful now, but in fact, people at the top level are a little uneasy. The issue of Xiangjiang has not yet been finalized, which is also a huge torment for them.
At their level, they don't particularly care about the ownership of Xiangjiang. No matter who manages Xiangjiang, they will treat local representative figures and industry giants like them with courtesy and win over.
Of course, this statement does not include those who have already stood in line in advance and rushed to the front line shirtless.
However, when the prospects are unclear like now, although everyone will have their own calculations, for these cunning people, the best way to deal with it is to work both ways.
Naturally, various media have different backgrounds and positions. The same information will be interpreted in many different ways by all parties. All kinds of information are flying all over the sky at once, making it difficult for people to distinguish the authenticity.
For the middle- and lower-class Xiangjiang people who have no real source of information and can only passively accept their fate, they are in panic all day long.
Affected by this, Hong Kong's stock and foreign exchange markets have been fluctuating, rising and falling, and market confidence has been hit hard.
At this time, in the market, in addition to investors with other purposes, there were only large groups of speculators, who rushed in screaming and looking for the flesh and bones in their eyes.
With his hands free, Sun Dahai thought about it for a long time and waited until the end of June when the trading team gathered again before he decided to enter the market and make a small profit.
This time, Sun Dahai focused on foreign exchange futures. He placed an order of 20 million US dollars, nearly half of the position, to short-sell the Hong Kong dollar. At the same time, he gave the trading team a quota of 5 million US dollars, allowing them to freely develop in foreign exchange options, spot currency transactions, etc.
