City: No One Understands Finance Better Than Me
Chapter 113 Net worth exceeds five billion US dollars!
38.07!
With the efforts of 150,000 lots of retail investors, the price of crude oil rose tenaciously by four points again.
At this moment, Chu Ge glanced at his average position for opening positions. After the 100,000-hand position of just 38.00, it has fallen to the position of 38.09, which is two points away from the current crude oil price.
For a position of 4 million lots, the loss of two points is as high as 80 million US dollars, but Chu Ge does not care.
Because he is very clear that all this is only temporary, and he is only temporarily losing 80 million US dollars.
The market sentiment that has been mobilized by him personally, the price of crude oil will rise as rapidly as taking medicine, and soon, not only will there be no more losses in his account, but he will reap a huge amount of pure profit again.
Facts, naturally, as Chu Ge thought.
After seeing the long position of only 150,000 lots, the price of crude oil rose by four points, the traders in the market were excited again.
They began to buy a large number of long positions, and those speculators who had just opened short positions saw this situation and immediately threw away all their short positions like a plague.
38.10!
In this case, the price of crude oil soon rose three points again, and Chu Ge also officially started to make a profit of 40 million US dollars.
The more money you make, the more emotional you can stimulate!
Seeing the rising funds in their accounts, they were even happier, and they couldn't wait to start investing in the arms of the bulls.
The price of crude oil did not stay at 38.10 for a long time, and within a few seconds, it was stimulated to rise again to the position of 38.12 by the continuous long list of several thousand lots.
Jumping two points at a time, although this is not a lot, it also reveals a problem, a very critical problem.
Just relying on the power of retail investors, the price of crude oil has begun to jump, which means that the top of the price of crude oil is now a smooth road, and there will be no obstacles at all, so it is only in the case of such a small transaction volume. Jump two points.
Obviously, not only Chu Ge has noticed this, but a large number of traders with a little trading experience have all noticed this problem.
Then, their eyes began to show incomparably excited expressions, as if green dollars were waiting for them in front of them.
Clear out short positions!
Then, add it all to the long side!
They have already anticipated how much profit awaits them on the smooth road of crude oil prices ahead.
100,000, 300,000, 500,000 lots of crude oil prices!
A full 500,000 lots of long orders appeared in the market, and then started a ferocious upward breakout, going crazy on a smooth path where no force could stand in their way!
38.15!38.19!38.25!
38.28!
In just five or six minutes, under the strength of this nearly 500,000-hand long list, the price of crude oil rose all the way, directly reaching the position of 38.28.
Then, the increase in crude oil prices, which had risen by nearly 30 points, began to slow down significantly.
Obviously, the first phase is over, and what follows is a long slow rise.
With such a large number of long positions in Chu Ge, it is obviously impossible to wait for the price of crude oil to rise to the limit before starting to liquidate his positions, which will shrink his profits a lot, or even have no profits.
Now is the best chance!
Chu Ge started to clear his positions again, and from the chart in his mind, he should have nearly twenty minutes left.
Time, very sufficient, the next thing Chu Ge has to consider is how to maximize profits.
How many hands will you take?
In the past, Chu Ge might have chosen to sell 50,000 hands directly, but now the market has given him at least 20 minutes to clear his positions, so he can come bit by bit.
Although the operation is cumbersome, it is more stable and more profitable.
After all, the location chosen for this clearance should be the most conservative location Chu Ge has ever chosen.
Now the crude oil price is 38.28, which is about 20 points away from the highest point of the crude oil price in Chu Ge's mind.
Drop five thousand hands first!
After simple consideration, he decided to clear the four million-hand position in multiple batches.
Swish!
In just an instant, the bullish investors who are still at the end of the frenzy stage ate all of Chu Ge's 5,000 pending orders.
Eight thousand, ten thousand, fifty thousand, two hundred thousand, one million!
A full five minutes passed, and Chu Ge also cleared nearly one million long positions.
However, during this period of time, although Chu Ge has cleared a billion-dollar position in the market, in the face of countless long retail investors, almost all of them will be wiped out the moment Chu Ge places an order.
There were dozens of pending orders, and the largest one had 30,000 lots, but it was still eaten up by the market within ten seconds.
After seeing this situation, Chu Ge also felt relieved and proceeded to clear his positions.
However, although the market's ability to bear is very strong, Chu Ge has never placed an order of 100,000 lots. After all, he still wants to maximize his own profits.
Time passed in the long list that Chu Ge kept selling, knowing that Chu Ge had cleared nearly 90% of the long position in his hand, and the price of crude oil had also grown to a high enough high.
38.50!
The starting position of Chu Ge's 100,000-hand smash at 38.00 has already crossed 50 points, and knowing this position, the power of crude oil prices seems to have officially been exhausted.
No matter how hard retail investors try, they can't keep crude oil prices up even a single point.
The price of 38.50 is like a chasm, preventing the price of crude oil from soaring.
Seeing this, can the bulls bear it?
The answer is, of course, no!
Fifty thousand, one hundred thousand, five hundred thousand!
In just two minutes, more than 500,000 buy orders appeared at the long position of 38.51.
Every minute that passes, the long order will be offset by the same number of short orders, and the price of crude oil has been stuck at 38.50, unable to move.
While bulls and bears are fighting each other, for Chu Ge, this is a real good thing.
If you guys like to compete, then I can sell the hundreds of thousands of orders in my hand.
Chu Ge did not wait any longer after seeing that the long side had already accumulated more than half a million orders.
Without hesitation, he chose to clear the position in his hand, the last zero point eighth floor.
With more than 300,000 lots of selling orders, many bulls were suddenly confused.
They don't understand, which thick-eyed and big-eyed betrayed them?
My family beats my own family?
Just after Chu Ge sold all his positions, the bears did not give up this good opportunity and ate the remaining 200,000 long positions in one bite.
In the blink of an eye, the originally aggressive bulls' momentum was directly suppressed!
Chu Ge did not look at the growth of the net worth of his account first, but took out his mobile phone and opened WeChat.
When he was watching the disc, he was used to mute his phone, but now when he turned it on, Chu Ge saw a full 99+ unread group messages.
After clicking on this small group of four, Chu Ge saw that 99% of the news were the ghost calls of Zhang Aiqing and Zhao Jinming. Whenever the crude oil price fluctuated a little, they would send a message.
After a casual (good promise) look and found no useful information, Chu Ge also lacked a message.
Chu Ge: Taking advantage of the main force for a while, I directly threw out all the short positions in my hand. This is the last wave of decline today!
Zhang Aiqing: Received! I joined together, and my junior is finally bubbling up!
Zhao Jinming: Got it! The stock god, from now on Fatty, the stock god in my heart is no longer the old man surnamed Ba, but my brother you!
Chu Ge: I'm a little tired from reading the disc, I'll take a nap first and talk later!
Chu Ge made a random excuse and slipped away. He knew what Zhang Aiqing and Zhao Jinming had said, and it was absolutely meaningless touting.
And now, he wants to look at his account equity!
Breakthrough!
Five billion dollars back!
(106107 I still don’t know when those two chapters will be released. Anyway, it doesn’t affect the follow-up plot very much. It’s not a big problem to skip it temporarily. However, even though this is the case, I’m still very sorry. After all, it’s because of my problem, the author I didn't expect that the first time I wrote this kind of plot, it was blocked, so I will take this kind of plot in the future, I hope everyone can understand, after all, this book still wants to live!).
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