God of Rebirth Trader
Chapter 27 Crazy Arbitrage
"Back to the Future" is a science fiction film directed by Robert Zemeckis.
Starring Michael J. Fox and Christopher Lloyd, it was released in the United States on July 3, 1985.
The movie tells the story of high school student Martin who drove a time machine back to 1955 from 1985 after Dr. Brown was killed by terrorists, met his father, and tried to change the future.
Chen Weidong does not know his identity, which has caused a lot of speculation.
Not to mention that Lin Zeju almost guessed his true identity.
Since there is no concept of "rebirth" in this era, people's imagination is limited to time travel in movies.
However, according to Chen Weidong's character, even if he knew it himself, he would probably just shrug and raise his eyebrows and say: "So what? Do you have any evidence?"
The cold wind of 1996 blew through.
After a brief reunion, Chen Weidong and his third uncle immediately threw themselves into new work.
"Infinity" also got a new calendar.
Relying on the reputation gained in the industry last year, after several expansions, the company's headcount finally increased to more than 30 people.
Most of them are traders selected by Li Xier and reviewed by Chen Weidong.
Affected by RB's divestment, a foreign trade company downstairs closed down, and Chen Weidong rented two more floors.
Now the seventh, eighth, and ninth floors of the Antler Building all fall within the scope of the "infinite" company.
Not only that, the company has also added many new departments, such as: "Investment Department, Fixed Income Department, Asset Management Department, Finance Department, etc....."
It was also from this year that the company truly became formalized, bidding farewell to the era of "leather companies" and polished commanders.
"Mr. Chen."
"Mr. Chen..."
....
Passing through the booth in the office area, Chen Weidong nodded.
The ninth floor now belongs to the exclusive office area of the company's management.
For example, the person I just met is "Feng Yiwen", the "trading director" who is responsible for formulating trading strategies and the operation of the entire fund.
Master of Finance from Xiangjiang University, a native of Xiangjiang.
Originally, Chen Weidong wanted Lao Liu, "Liu Jianping" to take this position.
But the old man rarely came to the company, so he could only use Lin Zeju's connections to directly transfer a fairly capable manager from Fang Yi Securities to be responsible for training the new traders here.
In addition to these, the company has now added several analyst positions.
Their daily job is to analyze both technical and fundamental aspects.
Mainly responsible for analyzing industries, individual stocks, and the market, presenting conclusions to the traders below, and then customizing reasonable trading plans.
Chen Weidong is definitely the most professional in this regard, but he can't do everything himself, otherwise he will definitely be exhausted.
…
The time came to February, 1997.
Soros, together with other international hedge funds, began to launch a tentative attack on the Southeast Asian financial market that he had coveted for a long time.
They borrowed up to US$15 billion in forward baht contracts from the Bank of Thailand.
Immediately afterwards, they began to sell the Thai baht on a large scale in the spot market, causing the Thai baht exchange rate to plummet and triggering a huge shock in the financial market.
The stock market also accelerated its decline.
This is the first large-scale baht selling trend seen in the market.
As a result, the exchange rate of the Thai baht against the US dollar has dropped to its lowest point in 10 years (26:1).
However, the Bank of Thailand quickly invested US$2 billion to stabilize the situation, allowing the Quantum Fund to return without success...
at the same time.
Chen Weidong sat in front of the computer and watched the roller coaster-like Thai stock market.
After more than four months of decline, the Bangkok Thai Stock Exchange Index has fallen from 1,100 points to 664 points, which can be described as bleak.
Chen Weidong previously raised US$3.5 billion through 7 times leverage.
Since stock index futures trading implements a margin system, as long as you pay 20% of the margin, you can open one contract.
Chen Weidong opened a total of more than 50,000 futures contracts to short the Thai stock market.
If you have a contract and the Thai Stock Exchange Index falls by 1 point, you can earn 300. (The transaction here is calculated directly in US dollars)
In just over four months, the Thai Stock Exchange Index fell by more than 430 points.
With more than 50,000 futures contracts, excluding all costs and handling fees, Chen Weidong earned more than 3 billion U.S. dollars in just this wave.
Soros's Quantum Fund smashed the market in front and attracted all the firepower, while he hid behind and secretly ate the meat.
Is there anything more exciting than this?
According to Chen Weidong's estimate, Soros only made a billion dollars at most from this move.
But I am several times stronger than him.
Only time travelers like Chen Weidong, who knew the trend of the Thai stock market in advance, dared to carry out such a desperate operation.
In the eyes of others, it is a risk and a gambler.
In his eyes, it was a sure-earning opportunity.
...
"There is suddenly an extra 24 billion funds in the company's account. What's going on?" Li Xi'er broke into Chen Weidong's office directly.
Originally, she was checking the accounts of the computer company, but she found that there were suddenly a few extra digits in the company's accounts. This shocked her and she hurried over to ask.
"What happened to your earnings in the past few months?" Chen Weidong raised his head and looked at Li Xi'er.
Recently, she changed her hairstyle and tied it into a high ponytail. Not only does she look more capable, but her appearance seems to have improved a lot.
"Are you trying to steal money? How long did it take to earn more than 20 billion?!" Li Xi'er blurted out in fright, with shock written all over her little face.
"Shh~"
Chen Weidong made a low-pitched gesture, then walked straight to the door of the office, closed the door gently, and frowned: "As for shouting, have you never seen the money?"
Li Xi'er rolled her eyes at him and said angrily: "Yes, yes, Mr. Chen is so arrogant. He doesn't even care about tens of billions of dollars."
"Haha, it's still far behind your family. Ours is at the level of a nouveau riche at best." Ignoring her weirdness, Chen Weidong sat on his desk and chuckled.
Li Xi'er curled her lips and said, "Tell me how you earned it."
"You can have this."
Afterwards, Chen Weidong briefly explained the whole process of converting himself into US dollars, then shorting the Thai stock market, Soros selling the Thai baht, and surviving unscathed.
"Wow."
Li Xi'er's eyes were filled with beauty after hearing this, and the saliva from the corner of her mouth was almost flowing down, it looked so much like that.
"Ahem, pay attention to your image." Chen Weidong reminded awkwardly.
"I'm sorry, I..." Li Xi'er's face turned red and she hesitated to explain.
It was rare to see her making a fool of herself, so Chen Weidong couldn't help but joked: "Although I am very handsome, you don't have to be a nymphomaniac in broad daylight, right?"
"Tch, I'm just surprised that you could actually know in advance that the Thai stock market would fall so much." Li Xi'er wiped the saliva from the corner of her mouth and defended with a guilty conscience.
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