Wang Haige has already gathered 12 billion in funds, all of which are lying in his futures account and is standing still.

The cotton futures price is now at 20000. This is the current line of defense for the bulls of the Ye family and other institutions. Going short here will hit their guns.

So he waited for the bulls to attack and the price of cotton futures to rise before taking action. ,

Now, the short side headed by Lin Guangqian, 'Western Madness', is fighting against the bulls, constantly attacking the bulls' defense line in the 20000 area, but this area is simply impregnable.

At this time, the phone rang. It was Ye Yongpeng calling, saying that he wanted to open a futures account at Haoyuan Securities.

Futures use leverage, which means that Ye Yongpeng uses the high leverage provided by Haoyuan Securities.

Of course Wang Haige accepted it and did not ask Ye Yongpeng why he used the futures account of Haoyuan Securities.

Maybe the Ye family's family funds used the futures account of Guoyuan Securities. After all, with such a high leverage, if the position was short-circuited, it would be over.

Of course this is only a very small chance.

On Tuesday, March 3, the price of cotton futures shot up again, all the way to the 25 position. This was an active counterattack by the bulls, while the shorts were defending the 21000 position.

For a while, the bulls were unable to capture the 21000 area, but they would not retreat for a while. Wang Haige was happy to see this.

In fact, he found that the Ye family's funds were used to protect the market, not to push it up, but it would not push it up too high, in order to continuously consume the power of short sellers.

Of course, such an experienced operation is indeed very stable.

As long as the Ye family's cost of building a warehouse is lower than the state reserve purchase price of 2 yuan/ton, then the Ye family will make a sure profit without losing any money.

Once the confidence of the short side collapses, the Ye family will easily win.

The funds of Ye Yongpeng, Ye Yongtao, Ye Yonglong and others have already entered the market, pulling the price of cotton futures to 21000, allowing other bulls in the market to attack the short sellers' defense line in the 21000 area.

"Now we just let the rest of the market attack the shorts' defense."

This effect seems to be good. Many bulls in the market saw that the shorts were struggling to support the 21000 area and went long one after another. In their eyes, the shorts seemed to be about to collapse.

Lin Guangyang and others, who had previously fought against the bulls, were under great pressure. They did not expect that the bulls had such strong funds, and many attacks in the 20000 area were unable to shake the bulls' defense this time.

Now the bulls are counterattacking. Lin Guangyang took a deep breath and then said to the team in the trading room: "This should be the last round of the bulls' attack. Hit me hard."

"Mr. Lin, if the other party insists on guarding the 20000 area this time, what will we do?"

"We have attacked the 20000 area many times before but to no avail. Obviously there is very strong financial support there!"

"Now that the bulls are counterattacking, we can do it by directly hitting the 21000 area, but where should we hit it?"

Lin Guangyang thought for a while: "Let's hit the 20000 area and see if the bulls here will defend the market!"

Then they started smashing the plate.

Of course, the stock price of cotton futures was hit to 20500.

On Wednesday, March 3, the price of cotton futures continued to drop, all the way to the 26 area, but a large number of buying orders suddenly emerged here, firmly supporting it again.

The short sellers headed by Lin Guangyuan once again encountered an iron wall and were unable to break through the defense line built by the bulls here, so they could only retreat.

It’s Thursday, January 3nd.

Ye Yongpeng, Ye Yongtao, and Ye Yonglong were particularly excited.

"This time the short sellers retreated again. Wang Haige's funds are probably all exhausted in these rounds of repeated pulls, right?"

"It's definitely true. Wang Haige's stock price has been shorted for a long time, but his selling orders in the 20000 area were completely eaten up by our family's funds."

<divclass="contentadv">"I guess this guy shorted in the 21000 area and shorted all the way to the 20000 area. Recently, the daily trading volume has exceeded 10 lots. Wang Haige's funds must have been exhausted, and it is our turn to attack again."

Of course, cotton futures soared.

The bulls have started a major counterattack again!

Previously, the bears forced cotton futures from the 21000 area to the 20000 area, but the offensive was resisted by the bulls. Now the bulls are counterattacking.

The journey was extremely smooth, but the short sellers led by Lin Guangyang could only watch the bulls counterattack all the way, not daring to enter the market and go short.

On that day, the price of cotton futures once again reached the 21000 area.

This triggered a large number of bulls to enter the market, putting great pressure on Lin Guangqiang.

"Mr. Lin, this is the key resistance area. Once the bulls break through the 21000 area, the consequences will be disastrous."

"Many short sellers were shorting in the 21000 area before. If the price of cotton futures goes all the way, I'm worried that many short sellers will stop their losses, which will accelerate the rise of cotton futures. At that time, it will only become more and more disadvantageous for us!"

"Now we have to be forcibly suppressed by the bulls' offensive. Just like the bulls defend the 20000 area, we also have to defend the 21000 area!"

···

Everyone was worried, and Lin Guangyang was also very worried.

Finally, he gritted his teeth and decided to continue shorting in the 21000 area!

But the bulls are still fighting to the death!

Lin Guangyang felt stressed.

That night, he couldn't help but call Wang Haige and invited Wang Haige to short cotton futures.

"Mr. Wang, you were right that day. The country will deregulate the cotton market and let the price of cotton be determined by the market."

Wang Haige: "Mr. Lin, I have no money anymore. I am doing stocks. Please forgive me for my inability."

Lin Guangqian:

Then he said in a good voice: "Mr. Wang, the price of cotton futures has now reached 21000. It is very suitable for everyone to go short here together. The position is very high. The bulls are also weak under our suppression. You are almost It’s a guaranteed profit without loss, even if you close your position in the 20000 area next.”

Wang Haige: "Mr. Lin, I really have no money. I'm sorry, and I'm not very interested in cotton futures anymore."

When the phone call ended, Lin Guangyang felt helpless, angry and regretful.

I should have agreed to Wang Haige's invitation before.

He also paid the price for his arrogance and arrogance, and now he is very uncomfortable and embarrassed by the bulls.

The next day, March 3, Friday, the bulls continued to attack and broke through the defense line in the 28 area. Many retail short sellers in the market began to cut their flesh.

The price of cotton futures rushed all the way to 21500, and the short sellers headed by Lin Guangyuan could no longer sit still.

"Smash it back!"

"We can't let it continue to rise."

"We're going to collapse later."

So everyone suppressed the stock price of cotton futures forcefully.

The price of cotton futures has plummeted.

21450

21410

21380

21295

21115

···

20900 position!

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