Future chat group

On January 9, Monday afternoon, the future information Lei Hao originally received showed that the price of cotton futures contracts was falling, and the main force was completely transferred to the May contract he held, with a position of 360,000 lots and a daily trading volume of nearly ten. Thousands of hands.

Lei Hao thought it was a large-scale reduction in volume. After reaching the high in a few days, he planned to reduce about 40,000 contracts within a month, and then wait for opportunities to make up for it at a low level.

This is a normal choice. 40,000 lots equals 200,000 tons. A difference of 100 yuan per ton can result in a profit margin of 20 million yuan.

After finishing his work in the afternoon, Lei Hao faced two future messages of the same time but different content for the first time.

Also in the next month, cotton futures prices first fell and then rose. Not only did they return to the price of 10,650, but they also jumped towards 10,700 while the volume was amplified.

"The only difference is that the future information later shows that Xinfeng is adding positions." Looking at the dense data and information on the notebook, Lei Hao felt as if he had seen something interesting.

Looking at today's trading report, it shows that on Monday, January 9, Xinfeng's positions fell. Including customer positions, Xinfeng Futures Company originally had 180,000 lots on its seats. One day, about 10,000 lots were lost.

Lei Hao seemed to see a net covering him, and he smelled a conspiracy.

The future has been changed. If you don't know that prices will fall in the future, what will you do? Add to position? At the very least, it should be a holding position.

How would you react if you found out? Reduce positions? Or invest more funds to hold positions?

That's not right. If this is a calculation, Xinfeng will definitely know the amount of money they have invested, and they can also know that they have not spread everything out. So... they want to kick them away? Perhaps they have bigger plans and want more profits?

"I know the future, I participate in the future, I change the future..." Lei Hao felt that his mental state was very exciting.

Pressing the phone on the desk, Lei Hao shouted to the person who answered the phone: "Yingfeng, ask Leo, Yu Rong, and Zhao Lichen to wait for me in the trading department conference room for a small meeting. By the way, you can Give them a copy of all documents related to cotton futures."

After sorting out the documents, he tore off a blank piece of paper from the notebook. Lei Hao listed the information one by one on it. After sorting out some things, he folded the paper and put it in his pocket.

Ten minutes later, Lei Hao left the office and went to the trading department. When he opened the door of the conference room, he saw Leo, Yu Rong and Zhao Lichen waiting.

"Mr. Lei."

"thunder."

"manager."

"Sit down, let's have a small meeting." Lei Hao walked to the rostrum. Li Yingfeng had already placed a stack of documents on cotton futures operations on the table. He turned on the computer that had been disconnected from the Internet. The screen in the conference room showed What is there is all kinds of information about this operation, everything that should be there.

"Leo, tell me about the position status of cotton futures." Lei Hao called Leo's name.

"Ours? Or everyone's?"

"Everything." Lei Hao's eyes lit up.

"OK." There was a bright light deep in Leo's eyes, and he said: "Before today's opening, the number one cotton futures contract position was Xinfeng, with 180,000 hands, and the second was Taihe, with 150,000 positions. Ten thousand hands, third is Zhechang with 140,000 hands, Qingyu ranks fourth with 110,000 hands..."

"After the market closed just now, with the trading volume amplified and negative policy expectations increasing, the price of cotton futures contracts increased slightly. Taihe's positions increased by several thousand lots, Xinfeng decreased by 10,000 lots, Zhechang increased by 10,000 lots, and Qingyu's positions increased by 10,000 lots. constant……"

"Lei, I have a bad feeling." Leo frowned and said: "It is impossible for Xinfeng to reduce its positions! To be precise, it is impossible for most of the market participants to reduce their positions to be at Xinfeng. I cannot be sure of these things. "

"Lao Yu, what's your opinion?" Lei Hao nodded and turned his eyes to Yu Rong.

"From a fundamental point of view, cotton futures prices have some room for growth. Coupled with the stimulus from policy expectations, it is predicted that it will have a upward correction curve. However, the early price increases by us and Xinfeng have taken up part of the original price. Strategic area…”

"I think Xinfeng's actions are a bit of a profit reduction. After all, the profits in the futures market have been partially compressed by us, which invisibly increases the risks. Some of their 100,000 positions should be prepared. Just eat up this surplus..."

"Our positions are too heavy and we continue to reduce our positions at high levels. This is also a choice that is in line with our investment philosophy and we should reserve the necessary strength..."

Yu Rong gave suggestions from the perspective of the research department.

This is the difference between the front line and the middle and back offices. Leo and Lei Hao can sense something from the beating of data that Yu Rong cannot. Yu Rong, on the other hand, tries to keep himself calm and analyzes a rational point from the cold information. the result of.

It’s impossible to say who is right or wrong. With Lei Hao’s current position and capital amount, the normal thinking point is to reduce the position in a timely manner, waiting for changes.

If there are no two completely different trends in the future, Lei Hao's best result is to adopt a moderate choice, reduce his position at a high level, wait for the correction to try to cover the position, or wait and see, anyway, he has enough book profits.

"Leo, how much money can you spare?" Lei Hao spread the paper in his pocket on the table, wrote and drew on it, and then raised his head and asked Leo.

"Tomorrow, it will be 200 million. If it is more, it will affect short-term profits."

"The amount of money injected by employees can be used to replace part of its own funds."

"Then I can increase it to 300 million."

"Are our secret accounts enough?"

"The futures market? There are only thirty-four."

"It's not enough. I want at least fifty. Don't use Qingyu Futures' seats."

"OK, there are only thirty-four now. Within a week, I will give you more than fifty, and distribute them to the trading seats of futures companies other than Qingyu."

"Inject funds into these accounts." Lei Hao folded the paper on the table, put it back in his pocket, and said with a cold smile: "We will transfer Qingyu's position to these accounts. At the same time, I think Futures prices will start to fall in a few days, and when the time comes, I want you to... increase your position!"

"No matter how many selling orders there are, let me eat them all! I will give you the authority of 11,000 yuan per ton!"

There was something ferocious on Lei Hao's face. The two completely different futures proved one thing: he was being plotted against.

It is very likely that Xinfeng also adopted the method of moving positions, creating the illusion that they were reducing their positions, and then silently absorbed floating chips, and also took over Lei Hao's selling order.

There may be more, but there is definitely something wrong here, without a doubt.

Lei Hao's idea is very simple, I don't care how you want to play, I'm ready to play by myself!