Rebirth of the Capital Legend

Mr. Deng looked at the market, which had dropped to its daily limit of 2.56 shares at the opening, and the Shanghai Stock Index, which opened as low as 4400% and fell below points.

His whole expression was confused again.

Similarly, the other big players in the VIP trading room at this moment also looked dumbfounded, completely unable to understand what the market was doing when it opened in panic.

Only Su Yi sat in front of the computer in the trading room, staring at the plummeting opening of the two markets.

Still staying relatively calm.

"It seems that the market has become frightened." Su Yi stared at the main contract of the Huazheng 3.22 Index futures, which plummeted 500% at the opening, and the 300 short positions of the main contract in the position account, which had expanded to a profit of 20 million, and secretly sighed. Suddenly, instead of immediately closing positions and taking profits, they continued to increase positions and placed 500 main short-selling orders near the 9570 point where the main contract of the China Securities 10 Index futures opened.

Mr. Deng was sitting next to Su Yi. Seeing his crazy behavior, his heart trembled and he said, "It's so low, why do you continue to short-sell the stock index?"

Su Yi responded with a smile: "Let's take advantage of the victory and pursue it."

"You are too... greedy." Mr. Deng glanced at Su Yi and felt that he looked like a crazy gambler.

His position account lost 42 yuan at the opening.

It turns out that just now, he had thought about following Su Yi's lead and short-selling two lots of stock index futures to hedge the losses in his stock account.

But at this moment, seeing Su Yi's crazy behavior and the Shanghai stock index opening too low, he thought carefully for a moment and hesitated again.

After all, the profit and loss fluctuations of stock index futures are much more violent than those of stocks.

If the entry direction is wrong, the Shanghai Stock Index will fully rebound after the official opening.

Then he is giving money to the market for nothing, and it will seriously hinder the recovery of his stock account.

While he was hesitating, the time had already entered 9:30, and the two cities ushered in the official continuous bidding transaction.

The stagnant markets of the two markets had just begun to beat. Su Yi's 10-lot selling order for the main contract of the China Securities 500 Index futures was completed instantly.

Subsequently, the Shanghai Stock Exchange Index and the China Securities Exchange 500 Index rebounded rapidly, and their declines narrowed rapidly.

Mr. Deng saw that in just one or two minutes, the Shanghai stock index narrowed the decline to less than 2% and returned to above 4400 points. At the same time, the loss in his position account also narrowed to about 30. He was very happy. I did not rashly follow the trend and short-sell stock index futures.

At this time...

However, we saw that several popular heavyweight stocks in the market suddenly plummeted again.

Immediately afterwards, a huge amount of active selling, under the influence of these popular heavyweight stocks that plummeted and plummeted, was like a hurricane, sweeping almost all stocks in the entire market.

So, just for a moment.

The trend of the Shanghai Stock Index, which opened lower and rebounded, was cut off by this 'hurricane', and continued to turn downward.

In less than 5 minutes, the Shanghai Stock Index broke through the opening point, easily defeating what everyone thought was a strong support level of 4400 points.

And the 4400 point was broken again.

This also caused the bullish investors who originally had hopes for a rebound to lose their long-term confidence in an instant.

As a result, without the support of bulls' confidence, the market's panic selling sentiment began to intensify as the market trading hours went by.

At 10 a.m., the Shanghai Stock Index fell 3%.

At 10:20, the decline of the Shanghai Stock Exchange Index continued to expand to 3.5%. Among them, the ChiNext Index plummeted to 4.21%, and the China Securities Exchange 500 Index also plummeted to more than 4.2%.

At 10:50, the weighted financial industry collapsed, and the Shanghai Stock Exchange Index fell by more than 4%.

At this time, more than 500 stocks in the two cities had fallen by the limit, and the GEM index's decline had expanded to about 5%.

And the entire VIP trading room where Su Yi is.

All the large investors with positions looked at the two markets that were already in a unilateral plummeting mode. In addition to not understanding, they also had a look of panic in their eyes.

Among them, Mr. Deng next to Su Yi.

At this moment, the other party's account suffered a daily loss of more than 60, and two of the stocks it held were already heading towards the lower limit.

"How could this happen? How could this happen?"

Seeing that the losses in his account continued to expand, Mr. Deng muttered to himself and quickly stopped the loss and sold his chips.

"The bulls have begun to trample on each other." Su Yi looked at the floating profit in the position account, which had expanded to more than 420 million, and said with a smile, "Actually, it is still a matter of leverage funds. Once the financing is loosened and trampled, the consequences can be imagined. No one who is bullish in the market is immune to this storm.”

He just finished speaking.

Among the stocks held by Mr. Deng, the only one that has not yet reached its limit has now reached its limit.

"Hey..." Seeing that he was selling at the limit and unable to sell his chips, Mr. Deng suddenly became anxious and asked Su Yi almost subconsciously, "Do you think it's still too late to short-sell stock index futures for hedging at this moment?"

Continuous plummets.

His inner belief in the bull market began to collapse.

At the same time, he finally realized that Su Yi's heavy short-selling of stock index futures was not due to luck, but because he had indeed noticed the huge risks in the market and relied on his strength to make profits.

"I don't know about that." Su Yi replied, "If you think it's too late, then it's too late."

Mr. Deng thought that when the market had just opened, his momentary hesitation had caused even greater losses in the session. So, he gritted his teeth and decisively switched accounts, quickly transferring money to his infrequently used stock index futures account. I invested 100 million, and before the market closed at noon, I followed the trend and short-sold 2 lots of the main contract of China Securities 500 Index futures.

After the midday close.

The plummeting market across the board has once again aroused heated discussions among investors across the market.

Amid this fierce discussion, panic selling sentiment continues to ferment, pervasively shrouding the minds of all investors in the market.

Then, under the influence of this panic.

More and more investors are beginning to lose their belief in the bull market.

Later, when the market reopened in the afternoon, the bulls didn't even have the strength to resist, and were directly smashed into a collapse situation by the huge amount of chips being sold regardless of the cost.

Especially when it's after 1:30pm.

The market bulls were completely defeated across the board.

Whether it is a heavy-weighted large-cap stock or a small-cap concept stock, whether it is a high-quality industry leading stock or a junk stock with extremely poor fundamentals.

Without exception, all of them lost their liquidity and rushed to the bottom.

At 2 p.m., CEFC Securities, Huaguo Ping An, Huaguo CRRC... and other super weights with a market value of hundreds of billions all hit the limit one after another.

At 2:15, the GEM index reached an astonishing 8.11% intraday decline.

And at this moment, the entire ChiNext Index component stocks have basically all dropped to the limit, such as 'Flush, Oriental Fortune, LeTV, All Access Education, Yinjie Technology...' and many other popular leading stocks that have been speculated in this bull market. All of them were blocked at the lower limit.

2点30分，沪指跌幅同样达到了8%的位置，不但4400点没守住，4300点、4200点也没有守住。

With the Shanghai Stock Exchange Index touching an 8% decline, it basically means that the market has completely lost liquidity.

It also means that the entire market, except for a few heavyweight bank stocks and some stocks that are currently suspended, has all fallen to their limit.

This is not just a 'thousand-stock limit-down', this is even the market's limit-down!

Facing this extremely tragic moment in history.

The eyes of tens of millions or hundreds of millions of investors paying attention to the entire network and market are completely filled with despair and fear.

At this time, Su Yi couldn't help but raise his eyes and look around.

At this moment, the entire trading room was filled with deathly silence, and you could almost hear a needle drop.

Everyone's eyes were fixed on the computer interface in front of them, and their faces were numb after being baptized by panic, fear, and despair.

Before this, no one thought that the market would fall like this.

Therefore, among the large traders in the entire trading room, almost no one managed to clear all their positions and flee when the market opened.

No matter how many stocks these large investors hold, do they have financing or leverage?

Today, in addition to shorting the stock index, Su Yi made a lot of money.

The results of other people's positions were very consistent...that is, the stocks they held were basically sealed at the lower limit, and they all suffered a 10% loss during the day!