Rebirth 2006, creating a super consortium
Chapter 9: A Trial in the Futures Market
"Weidong, I'm back."
An Xin, carrying a computer bag in her left hand and a plastic luggage bag in her right hand, pushed open the door of dormitory 404 and walked in.
At this time, He Weidong was sitting on his bed, folding clothes carefully. There were a lot of folded clothes piled in front of him.
Seeing An Xin coming in with things, He Weidong put down the clothes he was folding, got off the bed, walked over to take the plastic bag in An Xin's right hand, and said to him: "I've been waiting for this. There are too many odds and ends. The suitcase can't fit them all."
"How are we going to carry so many things to the train station tomorrow?"
He Weidong heard An Xin's doubts, but did not reply immediately. He walked back to the bed with the plastic luggage bags, took out one of the plastic luggage bags, opened it and placed it beside the bed, lifted up a pile of previously folded clothes and put them neatly in it, then raised his head and laughed at An Xin and said, "Did you forget the express delivery? I have already made an appointment with the postal courier and asked him to come and pick up the express delivery at 7 o'clock. If you want to send it too, you have to pack it quickly."
An Xin patted her head in annoyance, took out her phone and looked down at the time. It was 14:21. Then she looked up and said to He Weidong, "There's still time. I'm not in a hurry. I'll get some things first and pack them later."
After He Weidong put the folded clothes into the plastic bag one by one, he nodded with satisfaction and said to An Xin: "Okay, just pay attention to the time. I only have some clothes and books left to do, so I'll do them later. I haven't had lunch yet, so I'll go eat first."
After saying that, He Weidong didn't need An Xin to reply. He nodded at An Xin and walked towards the bathroom.
After a while, he walked to the desk, clapping his wet hands, picked up the towel on the chair and wiped his hands, then put his phone and wallet on the desk into his trouser pockets, and said to An Xin: "I'm going out to eat."
Seeing An Xin smile and nod, He Weidong walked straight out of the dormitory.
Looking at the dormitory door that was closed by He Weidong, An Xin returned to her desk with her computer bag, placed the bag on the desk, and slowly sat down.
He took out the Apple laptop from his computer bag, placed it on the desk, and reached out to turn on the screen.
When the screen lights up, I take out the charger and external mouse and keyboard from the computer bag and place them next to them.
Then plug the charger into the socket on the desk, connect the Apple computer to the charging port, let it start charging, and then connect the external mouse and keyboard next to it to the computer one by one.
After finishing all this, An Xin reached into his trouser pocket and pulled out his wallet, then took out the paper with his Shanghai Futures Exchange trading account number filled in and placed it on the keyboard of his laptop.
Seeing that the screen was still displaying the Shanghai Futures Trading official website, which had not been closed before, I calmly controlled the mouse to click back to the official website homepage, found the trading system function, clicked download, and saw that the download page had begun to slowly download the trading system.
Seeing that it would take some time to download the trading system, An Xin stood up to stretch his muscles, picked up the cup of water on the desk and took a sip, and breathed a sigh of relief: I can finally make money from the futures market.
"Ding Dong"
Hearing the prompt tone from the computer indicating that the download was complete, An Xin, who was adjusting her state, sat down again, manipulated the mouse to open the downloaded file, and started the installation.
Before long, the trading system of the Shanghai Futures Exchange was installed.
Click on the Shanghai Futures Exchange trading system that has been installed on the desktop, and you will see the login page pop up in front of you.
An Xin took the note, looked at it carefully, read it silently several times, and then wrote down the account number recorded on the note completely.
Use the keyboard to enter the trading account in memory, then enter the set password and click to log in.
login successful!
Watching the trading system page suddenly pop up a bunch of red, green, and densely packed trading product market information.
The blood in Anxin's body began to flow, and a feeling of excitement arose in his heart!
He let out a breath, calmed down, and continued to control the mouse to open the user center page of the trading system. He clicked the recharge button in the user center and quickly jumped to the recharge page.
Looking at the recharge page in front of him, Anxin paused, reached out for the mobile phone next to him, opened the text message page, found the ICBC text message and clicked on it, and saw the ICBC balance information: 411138.8!
More than 41 RMB!
Of this money, 16 yuan is the savings of Anxin's parents, 20 yuan is the death pension of his parents, and more than 3 yuan is donations from his parents' unit, totaling more than 39 yuan. The extra money is red envelopes received during festivals, as well as scholarships and internship wages.
For five whole years, An Xin didn't dare to touch this money, but now she has to use it after all!
Believe with confidence that with this money as starting capital, you will be able to earn countless 40s soon!
After confirming the starting capital, An Xin did not hesitate and directly entered 400000 on the recharge page and clicked confirm.
You will be quickly redirected to the ICBC login and payment page. After entering your ICBC account and password to log in, click the payment button displayed on the page.
[Payment failed, please insert ICBC U-Shield + install ICBC payment plug-in and pay again]
Looking at the prompt page in front of her, An Xin shook her head helplessly, controlled the mouse to download and install the ICBC payment plug-in, then opened the drawer, took out the U-shield that had not been used for a long time, and connected it to the computer.
After the entire process is completed, return to the bank payment page and click to confirm payment.
【Payment successful, redirecting...】
After seeing the prompt that the payment was successful, I closed the page directly and returned to the Shanghai Futures Exchange trading system. I opened the user center, confirmed that the transaction amount had been received, opened the trading system homepage, found the Shanghai Copper quotation bar, and clicked in.
After a while, the trading page of Shanghai Copper came into view:
With a white background and a red and green intersecting K-line chart, the latest trend K-line is still jumping slowly.
Directly above the market chart is the price-related section, which displays the latest price, opening price, year-to-date price, and other prices.
Directly below the market chart are some function options, you can use MACD, BOLL, RIS and other functions.
On the left side of the market chart is the real-time price information of other products of the Shanghai Futures Exchange.
On the right side of the market chart is information such as total positions, real-time transaction volume, latest pending orders, etc.
Move the mouse downwards and you will reach the trading section of Shanghai Copper Futures, where you can enter the specific order price, select the buy or sell (i.e. long or short) direction, and select the margin ratio.
An Xin did not start trading immediately, but pulled back to the market chart page and looked at the latest price of Shanghai Copper: 42861!
Hey, it’s a little higher than 42220 in the morning!
SHFE, full name Shanghai Futures Exchange, was officially established in 1990 and is the largest contract futures exchange in China.
The Shanghai Futures Exchange is different from the Shanghai and Shenzhen Stock Exchanges.
The Shanghai and Shenzhen Stock Exchanges are mainly engaged in corporate listing and financing transactions.
The main business of the Shanghai Futures Exchange is futures trading of precious metals, non-ferrous metals, energy-related commodities, such as gold, silver, copper, aluminum, zinc, asphalt, etc.
The trading hours of the Shanghai Futures Exchange are also different from those of stock trading.
The trading hours of Shanghai Futures Exchange are from Monday to Friday. The specific time is as follows:
上午:9:00--10:15,中途休市15分钟,10:30--11:30;
Afternoon: 13:30-15:00;
Night trading: 21:00-02:30 the next day;
In addition to the difference in trading hours, the price fluctuation limits of the Shanghai Futures Exchange are also significantly different from those of stocks.
If the stock is not newly listed on the Shanghai and Shenzhen Stock Exchanges, the limit of price fluctuation is 10%!
However, there was no price limit on futures trading at the Shanghai Futures Exchange in 2006!
The biggest difference between the Shanghai Futures Exchange and the stock market is the issue of contract leverage.
According to the regulations of the Shanghai Futures Exchange, the trading unit of Shanghai Copper is hand, each hand is five tons, and the minimum margin rate is 5%, which means that the maximum contract leverage is 20 times.
For example, if you open a buy order for 42861 lots (i.e. a long order) at the current price of RMB 5 per ton with a margin rate of 10%, the actual cash cost you need to pay is RMB 107152.5. As long as the price goes up by 5%, you will make a profit of RMB 107152.5. On the contrary, if the price goes down by 5%, you will lose all your principal.
This is the greatest charm of the futures market, where countless financial geniuses compete to shine.
As someone who was reborn after more than a decade of hard work in the financial industry, An Xin knows that the Shanghai Copper will reach a high of 7 on July 14, but he is not clear about the detailed trend during the period of reaching the high of 85550.
Theoretically, An Xin can choose to directly use 40 yuan with 1x leverage to open a long order, and then wait safely until July 7, earning a profit of 14 yuan and leaving the market.
But it is obvious that 40 is not the profit value that Anxin wants. What he wants is a high multiple of excess profit.
This profit must at least support him to build the foundation of his Internet entrepreneurial project, which would require tens of millions of yuan in funds.
In this case, opening a long-term position is not in line with the profit needs, and high-frequency trading is required, which tests trading ability.
As a veteran in the capital market, Anxin is still very confident in his trading abilities.
After careful consideration, An Xin determined his next trading strategy and began to observe the relevant trends of Shanghai copper with a firm gaze.
42861, 42899, 42912...
caught you.
Staring at the Shanghai copper price which was beginning to rise slowly in front of him, An Xin suddenly laughed.
Obviously, he noticed that there were big players manipulating the market, and this was an opportunity to make some money.
Don’t hesitate any more and start placing orders!
42920, 30 lots, more!
After the pending order was executed, the 40 yuan in Anxin’s original trading account instantly turned into 71662 yuan!
328338 yuan has entered the trading market!
Among them, 6438 yuan is the fee charged by Huaxin Securities after providing margin leverage. The fee rate is one thousandth of the amount after leverage, which is indispensable.
The remaining 321900 yuan has become the transaction margin for this order with a value of 6438000 times more than 20 yuan.
After watching the pending order being executed, An Xin did not set any stop loss point, because he was very sure that the main force's trading had just begun.
If nothing unexpected happens, there will definitely be good news related to the copper industry today to help the main force push up the market.
As expected, the trend of Shanghai copper started to rise directly as An Xin expected.
By the time the market closed at 3 p.m., the price had risen from 42920 to 44210, an increase of 1290 price points, or more than 3%!
In just half an hour, An Xin earned 193500 yuan, which is a terrifying profit!
This is the charm of the futures market, one order is heaven, one order is hell!
After staring at the profit amount for a while, An Xin's face flushed a little. She took a deep breath, then stood up and stretched her body, then walked slowly towards the bathroom with her long legs.
She came to the sink, turned on the faucet, washed her hands first, then lowered her head, scooped up a handful of water with both hands, and splashed it on that handsome face, trying to ease her excitement.
It feels so damn good to be reborn!
It would be even better to be reborn with the memories, experiences and lessons from the previous life. It would be so cool!
After slowly calming down his excited mood, he turned off the faucet, walked back to the desk, picked up the towel hanging on the chair, wiped his face, and sat down.
Use the mouse to open the computer browser, enter the words "copper industry information", and press the Enter key.
Soon, An Xin saw the good news:
Goldman Sachs Economic Research Department released a research report on the development of the world copper industry. The results show that the rapid economic development in the next few years will make the demand for copper more and more vigorous...
Obviously, the main force behind this market manipulation is some capital consortium led by Goldman Sachs, and this good news was also released in conjunction with the market manipulation.
This is the most common trading method in the capital market!
The bulk of copper futures trading takes place in the international futures market, and the core trading operations of consortiums such as Goldman Sachs are also in the international futures market.
The trend of Shanghai copper futures of the Shanghai Futures Exchange has always followed the international trend, which has passively affected the international market.
Is the Goldman Sachs research report correct?
of course!
The biggest problem is that generalizations about future demand are actually the least useful for the futures markets.
After all, other companies operating in the copper industry join the futures market for hedging purposes.
The remaining futures investors are almost all aiming to make a lot of money quickly.
Short-term trading and high-frequency trading are the most common.
Long-term demand? What materials are not in long-term demand during economic expansion?
But it doesn't matter. The more famous Goldman Sachs's name is, the better. In this way, the research reports it releases will have a greater impact on the copper futures market, and the more it can prove that it is manipulating the market.
In this way, An Xin can take advantage of this short-term ride and make a lot of money!
After carefully reading the research report released by Goldman Sachs and thinking it through thoroughly, An Xin smiled, then stood up, walked to the closet, and started packing her luggage.
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