Future chat group

Cotton futures prices were indeed rising on Thursday and Friday, and everyone admired Lei Hao's analysis in the first half.

But starting from Monday the 14th, Lei Hao had already asked Thunder Investment to go short. At this time, the price was near the moving average of 10,785.

It would be okay to let Lei Lei invest to close the position and go short on the backhand, but Lei Hao asked the new project team to continue to attract funds.

Selling and buying at the same time, what are you doing? Rat barn? And do it so blatantly? You Lei Lei Investment are borrowing the trading seat of Qingyu Futures. How you operate can be seen by the company's senior management.

Lei Hao was a little embarrassed about this, but he was more determined. It had been agreed before the cooperation that Thunder's funds would be given priority. He came here just as an experiment.

Now I think that the time is right for long-term projects to open positions, and the time for closing and shorting short-term positions is also right. There is no conflict between the two.

So what if you do it? I have a clear conscience.

The more people looked at him strangely, the more Lei Hao held his breath and simply regarded this place as his place of work.

Futures company, project team office area. In fact, the furnishings here are very simple. There are several ordinary desks in the area connecting these rooms. Three of them are the offices of Lei Hao, Xiao Peijie and Chen Xizhi, and one is for small meetings. There are two rooms, one is a small trading room, there is an elevator at the door, and there is a restroom not far from the elevator.

Moreover, the entire floor here is the territory of the futures company affiliated to Qingyu Investment. The one above is the trust company, the one above is the fund company, and the one above is the headquarters.

To be able to purchase such a few-story office building in Shanghai, Qingyu's strength is indeed not bad.

Working in this kind of company, one can imagine the pressure that Xiao Peijie and others are under. Accepting Lei Hao's leadership was originally a relatively happy thing, but now it seems that something is wrong.

"So far, we have held 2,000 positions, with an average opening price of 10,575, and there is a profit on the books. According to the plan, we have almost stopped collecting funds in the past two days. The price of the 05 contract is rising, and the volume is also good."

In the small conference room, when he said the last sentence, the trader Pan Zhengchao looked at Lei Hao carefully.

So far, Lei Hao's plan has made no mistakes. It will fall when it goes down, and it will go up when it goes up. The project has established more than 2,000 lots of positions, and the price per ton is 10,575. Calculated based on 5 tons per lot, everyone has a position of over 10,000 tons. The face value of the contract is over 100 million, and the minimum deposit is almost 10 million.

According to Lei Hao's past performance, this method of building a position can be considered gentle, but the words "good quantity and energy" are a bit famous. Who in the project team doesn't know that Lei Hao Investment has sold a lot of long positions in Qingyu Futures of orders, and even shorted more than a thousand lots on the backhand.

Strictly speaking, Lei Hao's "biological child" Thunder Investment has shared a lot of transaction volume.

"The price of the 01 contract is also rising, but that is because the real economy has demand for it. Cotton-using companies will normalize their inventory in January, then reduce their inventory and wait for the shipment of cotton from China Reserve."

"The price increase of the 05 contract is a bit strange. The industry generally believes that cotton companies are preparing to reduce inventory. When reducing inventory, some of them will buy futures contracts for hedging."

"So, the next price trend is likely to be all the way down."

Xiao Peijie and Chen Xizhi sang in unison, explaining the project operation process and their own opinions, and then looked at Lei Hao, waiting for a reply.

Whether the current price is suitable for building a position and how many positions should be built are the issues that should be paid attention to in long-term operations. The key data lies in the time when the price bottom occurs.

If there is no reminder of future information, Lei Hao will hesitate, but now... the 23rd is 10300, the 7th of next month will be 10545, and the bottom will appear on or after the 23rd, or even lower, the better.

There must be funds supporting it. Lei Hao was a little hesitant as to whether the funds supporting the price were his own or someone else's?

"If I put more effort, I will definitely be able to support the price of the 05 contract, but... the probability is too low." Lei Hao seemed very calm: "Even if I support the price, so what? Do it once The main force...is also capable!"

"The 20-day moving average is 10300, the short-term bottom. According to the original plan, we started to build a position." Lei Hao did not explain more, but said his decision.

Xiao Peijie and others felt disappointed, but they would still strictly implement Lei Hao's decision.

The underlying price fell as expected, and the trading volume was normal. It seemed to be a technical drop. The price of the 05 contract did not fall much every day. It fluctuated by more than a hundred yuan, dropped by tens of yuan, and occasionally rose wildly. some prices.

The fluctuating decline is a good time to attract funds and build positions. Lei Hao watches the trading reports every day. This week, more or less every day, the project team has attracted one thousand to two thousand hands of chips, and the prices are high and low. Low, as the underlying price fell, the price for opening the position also fell from 10575.

By Friday, the position had been increased to 8,000 lots, and the average price was more than 10,400, but there was a book loss.

In other words, as the underlying price falls and Lei Hao continues to open positions, the cost will continue to fall, but the losses will also continue to increase.

Eight thousand lots, 40,000 tons, a contract face value of more than 400 million, and a minimum deposit of tens of millions. Except for Lei Hao, everyone else began to feel frightened.

Although Qingyu didn't say how much money he would give, the project team's account currently only has 200 million.

As the position becomes heavier, the project team can request additional funds, but this also requires reporting.

In just two weeks, 8,000 positions were opened. Did Lei Hao use short-term operations as long-term operations?

"If it falls below 10,000 yuan, we will lose about 20 million. With the margin, there will be less funds available, and... the position is still increasing."

"What is Mr. Lei doing? 10,400 is considered the 10-day moving average. This price has been broken through, and it will be even more uncertain next time."

People in the project team are very worried, but at this time, nothing they say is of any use. The position of 8,000 lots and 40,000 tons cannot be withdrawn in a day or two. If you want to withdraw, you will suppress it instead. price and increase your losses.

The other path is what Lei Hao has chosen now, which is to increase the intensity of opening positions, support the underlying price, and allow funds to be quickly converted into positions.

This means that Lei Hao is increasingly optimistic that a short-term bottom is forming, and he is also optimistic that the market outlook will not fall again. Both are indispensable.

Lei Hao also felt the thrill of the long-term. When doing ultra-short-term, his position was always very high, but that was only after he knew there was a chance to retreat.

The current eight thousand positions made Lei Hao feel the pressure he had not seen for a long time. He could not withdraw. He needed to carry this position to participate in market transactions. He was still adding positions.

"With so much money involved, will there be any changes in the bottom of 10300 that appeared on the 23rd? Did it happen in advance? Or is the bottom price raised a bit?" Lei Hao is still thinking about exploring these issues.

The newly formed project team seemed to be shrouded in dark clouds.