Rebirth of the Capital Legend

There are only a few core indexes: Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index.

It plummeted all the way down, almost in the form of a flash crash.

And with another unilateral plunge in the index, market liquidity is also rapidly disappearing, and countless stocks, whether large-cap core weight stocks or small- and mid-cap concept stocks, are on the rise.

All at once, without distinction, they all hit the limit.

At the same time, the major short-selling orders on several major stock index futures in the market are also increasing at a rate of thousands of lots per minute, suppressing the stock indexes to the lower limit with thunderous momentum.

Notice that the market suddenly collapsed once again.

Lin and Deng, who were beside Su Yi, were so shocked that they almost stood up from their chairs.

Especially Lin Minghui, he looked at the daily profit and loss of his stock account from a profit of one million a few minutes ago to a loss of more than 200 million in an instant. Thinking of Su Yi's previous reminder, he couldn't help but feel regretful. Rotten.

Fortunately, he hasn't had time to use the remaining funds in his account and increase his position in the financing account.

Otherwise, he would really burst into tears at this moment.

"What the hell, what happened? The central bank's interest rate cuts and reserve requirement ratio cuts don't work anymore?" Behind Su, Lin, and Deng, a large investor who had just used reserve funds in the morning and completed the increase in positions saw that the price had plummeted to 4.5%. The Shanghai Stock Exchange Index, which had no signs of stopping its decline, suddenly began to panic, "Can't it hold on to 4000 points? It's terrible! Who is selling? It's crazy."

"Oh my God! What's wrong with this market? Where do all these sellings come from?"

"Sigh... Yesterday it was all down, today it's all down, the market is just crazy."

"I can't understand this trend at all. What's wrong?"

Amidst the constant complaints in the trading room...

As late trading hours passed, the Shanghai Stock Index continued to fall, and panic selling in the market continued to intensify.

At this time, Lin and Deng raised their eyes to look at Su Yi's almost crazy continuous short-chasing operation, and at this moment, in Su Yi's stock index futures account, there were a total of 100 lots of short positions in the main contracts of the China Securities 500 Index futures. Shan, there was no longer any doubt in his eyes, only admiration.

Of course, I am impressed.

The two of them did not hesitate to quickly reduce their holdings of stock chips and followed the trend to pursue short stock index futures.

In the end, the extremely rapid unilateral sell-off in the late trading of the market was also reflected in the emotions of shock, confusion, panic, and even fear among countless investors.

The Shanghai Composite Index closed down 5.23%, barely holding on to 4000 points.

The 'China Securities 500 Index Futures Main Contract', which Su Yi heavily shorted, plummeted by more than 6%.

More than 500 stocks in the two cities fell to the limit!

The market closed in this form, which has almost completely swallowed up the rebound results since the central bank's interest rate and reserve requirement ratio cuts yesterday, extinguishing the bull market flames that had just been rekindled in the hearts of the majority of investors.

Su Yi stared at the closing results of the two markets, and then looked at the floating profit figure in his stock index futures account, which totaled more than 1000 million. He was very satisfied with today's operation.

"Brother Su, you are still awesome." Noting that Su Yi's stock index futures account assets have reached more than 3000 million, Lin Minghui couldn't help but give Su Yi a thumbs up in amazement, "Not only do you accurately judge the market trends , and every shot is fast, accurate, and ruthless, it’s really amazing!”

He considers himself to be quite experienced in stock trading and financial transactions.

At the same time, he also knows many people in the financial circle of Shanghai.

Such as brokerage investment consultants, institutional analysts, fund managers, private stock gods, well-known hot money... He has come into contact with a lot over the years.

But he had never seen an investment trader as crazy, calm and confident as Su Yi.

Moreover, this is more than half a month.

From the first time he met Su Yi in the trading room of Yinghui Financial Company, he had never seen the other party fail. Such a trading winning rate was really exaggerated.

"Brother Su, according to your profit rate, it won't be long before your assets can reach 9 figures directly." While Lin Minghui was speaking, Mr. Deng couldn't help but glance at Su Yi's account, which exceeded 1000 million in one day. The floating profit figures were also full of amazement, "Your capital growth rate is almost the same as robbing money."

Lin Minghui laughed and said: "This is much more exaggerated than robbing money. Even if you rob a bank now, you can't rob 1000 million in cash!"

Both of their stock accounts suffered losses today.

However, in the last ten minutes of the trading session, the two of them followed suit and shorted stock index futures.

At the final close, the two people's intraday results turned out to be profitable, so they were both in a good mood.

After Su Yi withdrew from the trading account and closed the trading software, he turned his head and looked at Lin and Deng and said: "The extreme market trends in the market will not last forever, and short-selling opportunities like today's unilateral plunge will also It doesn’t happen often, so big profits only happen occasionally. It’s still very difficult for me to reach hundreds of millions of dollars in capital now.”

Lin and Deng are both old investors and know that the larger the amount of capital, the more difficult it will be for rapid growth.

Hearing Su Yi say this, the two of them did not refute.

But I was quite surprised that Su Yi could still maintain such a clear understanding despite making tens of millions.

"However, under the stimulation of heavy positive news, the market should not rise, but plummeted. This should show that the market's short momentum has not yet been released. It also shows that the direction of least resistance in the market is still downward, right?" Deng After the closing of the two markets, his thinking suddenly became clear, and he once again turned from bullish to bearish. "If the regulators do not continue to strongly intervene in the market, I am afraid that the market trend tomorrow will not be optimistic."

Su Yi smiled and said: "I think not only is it not optimistic, but it is also very likely that it will plummet."

"Why is there still a risk of a plunge?" Lin Minghui couldn't help but ask as he didn't quite understand the logic.

Su Yi continued: "On the stock index futures market today, at the end of the trading period, the main short-selling orders exploded sharply, forming an obvious unilateral sell-off trend, as well as a situation of more kills and more kills. This shows that we are aware of market risks. Many institutional groups with heavy on-market positions, in order to save the sharp decline in the net value of fund products and the redemption pressure from over-the-counter fund investors, have been selling stock chips to reduce their positions while short-selling stock index futures to hedge. .”

"I understand." After Su Yi explained, Lin Minghui finally understood. "The overall loosening of bull market confidence in the market has led to the helpless withdrawal of leveraged funds, and the withdrawal of leveraged funds has intensified the panic selling sentiment in the market. The spread of panic selling sentiment directly led to more panic selling. Eventually, a large number of over-the-counter fund investors who were aware of the risks began to redeem products, and a large number of over-the-counter fund investors redeemed products, which in turn led to on-site institutions The passive selling of the group and the active hedging of short stock index futures have led to more and more selling in the market and become heavier and heavier... My God, this is simply a vicious cycle!"

"So..." Su Yi's eyes flashed with a sharp light and he smiled authentically, "The domino effect in the market has actually already occurred from the moment the regulators asked to clean up leveraged funds and confidence in the bull market was loosened, and it was It is completely irreversible, and if there are no accidents, a more tragic market trend may be yet to come.”