My Fintech Empire
Chapter 782 [God, we were fooled]
As the U.S. stock market once again triggered a circuit breaker, investors all over the world are staring at it, and Qunxing Capital is no exception.
As the minutes passed, Qiu Guangcheng, Chen Yu and others were all waiting for the 15-minute suspension to end.
Once trading resumes, it will be the beginning of collective liquidation.
Fang Hong didn't go to the company, but he also stared at the external market in the trading room on the second floor of his home.
Finally, the 15-minute trading suspension ended, and U.S. stocks resumed trading again. The three major stock indexes quickly and inertially dropped. The Dow fell over -10%, the Nasdaq fell over -11%, and the S\u0026P 500 fell over -10%. Investors were all panicked and fled crazily.
Qiu Guangcheng, who was staring at the market, was both excited and nervous. When he saw the three major U.S. stock indexes all falling by more than 10 percentage points, Qiu Guangcheng from Qunxing Capital and Chen Yu from Quantitative Capital were almost at the same time. With a big hand clap, he pressed the space bar on the keyboard in front of him.
Close a position with one click!
The funds and investment accounts of Qunxing Capital and Quantitative Capital have realized intelligent trading. It is a set of intelligent trading system developed by Chen Yu. Thousands of accounts are under intelligent control. The speed and efficiency are simply not comparable to human traders.
Times have changed!
At this moment, at the moment they pressed the space bar, tens of thousands of large and small vest accounts and diving funds under Qunxing Capital and Quantitative Capital frantically bought the huge amount of betting chips thrown by their opponents at the same time.
It was as if the mouth of an abyss opened wide, frantically devouring the orders on the disk.
After pressing the space bar, Chen Yu and Qiu Guangcheng did not operate, nor did the people under them. They all stared at the market trend and the changes in the transaction data. The next trading operation does not need human beings, because artificial intelligence will replace humans. to conduct transactions.
Human traders are not as good as artificial intelligence, just the efficiency of a pending order, human traders are blown away by artificial intelligence.
Qunxing Capital is short open, so closing positions and retreating is to execute the operation of buying chips, and the buying chips are mainly the betting chips smashed by the opponent. Of course, there must be many other small and medium-sized investors who have followed suit due to panic. The chips were also harvested together.
When this sickle is cut off, it doesn't care who's bargaining chip is, as long as it is a bargaining chip on the board, it will be harvested.
...
A minute later, the three major U.S. stock indexes stopped falling.
About 30 seconds later, the three major U.S. stock indexes began to stop falling and rebound. The stocks that had plummeted had released a huge amount, resulting in a huge amount of turnover, all of which indicated that a large amount of funds were entering the market to take chips.
At this moment, not only the U.S. stocks are rebounding, but the global commodity market has also begun to rebound.
The crude oil futures market stopped falling and rebounded, gold stopped falling and rebounded, silver stopped falling and rebounded...
Basically, the group rebounded at the same time, because Qunxing Capital did not actually trade with humans, but entrusted it to an artificial intelligence. Under the programmed transaction, the group can react at the same time, and the time can be accurate to within seconds.
As a result, investors around the world who were watching the market once again saw a picture that surprised them. When the sentiment dropped to a freezing point, all the markets rebounded collectively.
The opponents didn't even have time to react, and it took time just to communicate with each other, and every second of delay meant that a huge amount of chips were taken away by Qunxing Capital.
...
At the same time, Fang Hong, who was alone in the trading room on the second floor of the villa, looked at the varieties on the various screens, and seeing the turnover volume that appeared, he was also thinking about it.
Three minutes passed, and according to the transaction scale that appeared on the disk, Fang Hong reckoned that Qunxing Capital had already liquidated about seven floors of its total positions, and it would take about a minute or two to liquidate all of them.
Because there are too many selling orders piled up, and no one is rushing to grab them, it is possible to get so many changes in such a short period of time.
On the other side, the traders under several major capital groups on Wall Street were stunned when they saw the market trend.
"what happened?"
"Who is closing positions? How can there be such a huge amount of funds rushing to raise money?"
"Boss, our betting chips have been robbed!"
"What the hell happened?"
...
The inside of the opponent's market was not calm, and the traders of several major capital groups hurriedly reported it. The top leaders couldn't sit still after hearing it, and hurriedly held a video conference to communicate.
"Damn it, who stole the bargaining chips?" Merrill Lynch's big brother asked in the first sentence when the video conference was opened, and he could feel the unsteady side from his tone.
At this moment, the time from reporting the news to holding a video conference is only a minute or two, and the action can be said to be quite fast.
But speaking of flowers, Qunxing Capital, with the support of artificial intelligence, is taking chips at a terrifying speed every second.
At this moment, everyone present at the meeting was extremely sure that they hadn't secretly snatched up chips, and the betting chips in their hands were also taken away on a large scale. Merrill even lost all the chips in his hand, and changed hands at the floor price. go out.
Obviously, at the beginning, the people present suspected that there was an insider in the team doing things secretly, but they quickly ruled out this possibility.
Because there is no need for this at all, although they also have internal competition, but no matter what, they are still players in the system.
And killing Qunxing Capital is enough for everyone to eat. No matter how there is meat outside, it is far from the point of cutting each other with sickles inside.
At this time, the participants on Morgan's side mentioned a possibility that terrified everyone: "...Then there is only one explanation, the intelligence is wrong, the information we obtained is false, we were fooled!"
The attendees at Morgan Stanley stood up and exclaimed: "What? Was the intelligence mistaken?"
Another participant said: "How else to explain the current situation?"
At this moment, the complexions of the few capital predators present at the meeting changed drastically. There were not many scenes that could make them lose their composure, but they were all stunned at the moment.
Because the scale of investment is too large, it is a volume that cannot afford to lose.
At this moment, the participants of Merrill Lynch received a bad news from the underground. He quickly said in the meeting: "There is a short squeeze in all major capital markets around the world!"
At that time, it was only about seven minutes since Qunxing Capital closed its position.
This news made everyone at the meeting change their faces once again. This means that all the betting chips in their hands have been lost, and they were lost in just six or seven minutes. They have not even made a decision yet...
"Stars Capital is actually shorting, God, we were fooled, hurry up and grab the money!" Several big crocodiles present at the meeting had no time to get angry and hurried off the assembly line, and immediately notified the traders under them to grab the money !
Stop loss and reduce risk first takes precedence over everything else.
As a result, these big hunting funds began to scramble for chips in the market like crazy, grabbing as much as they can get back.
Otherwise, the price will go up, and the more it goes up, the worse the loss will be.
I thought it was a safe feast of capital gluttony, and the champagne had already been opened at halftime, but I never dreamed that it would turn into a situation of stopping losses and fleeing in an instant.
...
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