Rebirth of the Capital Legend

At 2 p.m., the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index all fell by more than 1.5% during the day, and the declines were still expanding rapidly.

At the same time, the three stocks held by Mr. Lin in his account have all fallen by more than 3% during the day. In particular, the 'Oriental Fortune' stock he holds has plunged crazily to around 5%, resulting in The daily loss in his account exceeded 7 million.

An hour ago, his account was still profitable, but now, the profit of 450 million is gone.

Looking at the trading account operated by Su Yi, 20 short positions on the main contract of the Huazheng 500 Index futures have changed the profit and loss data of his account from the maximum daily loss of 30 to a profit of more than 60.

Mr. Lin looked at the market that suddenly plummeted again for no reason, and his mind fell into panic mode again.

He doesn't understand why the market suddenly collapsed?

Of course, deep down, he still believes that this is just a technical adjustment, and there is nothing wrong with the bull market logic of the market.

Therefore, he has no intention of reducing his position.

But his opinion was not verified by the market trend in the future.

After the market entered 2 o'clock in trading hours, the plunge did not stop, but intensified.

At 2:26, ​​the Shanghai Stock Exchange Index's decline expanded to 2%, and the Shenzhen Stock Exchange Index and ChiNext Index had even reached a 3.5% decline. Small and medium-cap concept stocks, as well as popular core weight stocks, were all wiped out. Among them, market investment The stock prices of the two leading stocks in the city that are highly concerned by investors, 'CRRC' and 'Oriental Fortune' are approaching the limit.

After 2:30, the last half hour of the late session.

The entire market began to form a complete unilateral plummeting trend, with huge amounts of selling and people fleeing in panic.

Finally, when 3 o'clock in the afternoon came, the two markets closed.

A total of more than 500 stocks in the entire market fell by the limit, and more than 1000 stocks fell by more than 5%. Among them, the Shanghai Stock Exchange Index plummeted 3.67%, and the GEM Index fell by a terrifying 6.33%.

The main contract of China Securities 500 Index futures held by Su Yi also closed with a 3.35% plunge.

According to the closing results of the two cities, the profit of the trading account operated by Su Yi has rapidly expanded to about 154 million.

This is a double profit compared to the 100 million principal he invested.

However, the huge profit in his account means that the vast majority of investors in the market have suffered huge losses. After all, the vast majority of investor groups can only trade on the long side in the secondary market.

After the market closed, Su Yi did not choose to close the account and take profits.

He exited the trading account, closed the trading software, and couldn't help but turn his head to look at Mr. Lin sitting next to him. He saw that the other person was staring at the closed market, completely unrecovered.

Su Yi took a look at Mr. Lin's account profit and loss for the day.

When I saw the other party's account, I lost more than 630 million yuan in one day.

Even though the other party's account assets exceed 630 million, the loss of million in one day must still be obviously painful.

Su Yi continued to take a look at Mr. Lin's specific stock holdings, and saw that among the three stocks held by the other party, 'LeTV' and 'Oriental Fortune' were both at the limit today, while another financial stock, 'Huaguo Ping An' ', the drop was also close to 6%, which can be said to be a bloodbath for the positions.

"Is the market crazy? It's plummeting!"

"The GEM almost hit its limit. Can this still be considered a technical adjustment?"

"Another hard limit hit, and my account is about to be liquidated. What's going on with the market?"

"Hey, I feel so bad. I have to replenish the margin tomorrow. The market was fine in the morning, so why did it suddenly collapse in the afternoon?"

"What the hell, I'm so numb. The two stocks in my hand have all dropped to the limit."

In the trading room, many complaints also sounded at this time.

Mr. Lin noticed Su Yi's gaze, came back to his senses, smiled helplessly, and said, "Congratulations, luck is on your side again."

Less than a week.

Su Yi used a principal of 15 yuan to make profits of more than 250 million yuan on stock index futures contracts.

If he hadn't seen all this with his own eyes, he would never believe it.

"Thank you." Su Yi said with a smile, "The market plummeted unilaterally at the end of the day. You have the opportunity to reduce your position, why don't you reduce it?"

Mr. Lin said: "In the stock market, you know that there is a 'source of profit and loss', right? As long as the basic logic of the bull market is still there, then if you avoid a correction, you are likely to avoid a rise, and a violent sell-off like today's A correction trend also occurred in April, but didn’t the index reach a new high in the end?”

Although the intraday loss exceeded 630 million.

But he is still confident about the subsequent market trend.

"Profits and losses come from the same source..." Su Yi thought for a moment and replied, "It makes sense. Generally speaking, everyone has only been able to make money that they know how to do."

Mr. Lin nodded and was about to say something else. At this moment, his cell phone suddenly rang.

Then, he glanced at the caller ID, greeted Su Yi with a smile, and walked out of the trading room while answering the phone.

After the other party leaves.

Su Yi sent a message to Chen Anya, saying that he would continue to use the capital allocation account, and then got up and left the trading room.

Chen Anya, who was busy in the office of the company's business department, saw the message Su Yi sent to her, and quickly replied with the word "good", then reported the account, and continued to sit at her desk and make phone calls.

From 2 o'clock in the afternoon until now.

She has been making calls to urge the customers in the capital allocation business orders she signed who are already within the liquidation warning line to either replenish their margins or stop losses and close their positions as soon as possible to prevent the accounts operated by these customers from eventually hitting the liquidation line. , the position was forced to be liquidated directly by the company's internal system.

Similarly, at this moment, 'Yinghui Finance' company trading account data risk control center.

A group of risk controllers are also busy counting the risky trading accounts screened by the system.

After the brutal plunge during the day.

Among the trading accounts lent by 'Yinghui Finance', the number of accounts that have hit the liquidation warning line has rapidly exceeded 100, and the number of accounts that have liquidated or liquidated their positions within a day has reached 21. This puts great pressure on the work of the entire risk control department.

Of course, at this moment, it is not just 'Yinghui Financial', an over-the-counter financing institution, that has a large number of financing trading accounts that have hit the warning line or even the liquidation level.

Throughout the Financial City, there are hundreds of over-the-counter financing institutions.

The same situation has occurred with other financing institutions.

Among these funding institutions, a large number of over-the-counter funding accounts have hit the forced liquidation line today and were liquidated by the institutions due to the greedy and aggressive operations of some investors.

This is also the fundamental reason why both indexes and individual stocks experienced unilateral plummets in the late trading stage of the market.

Moreover, as more and more over-the-counter financing accounts hit the liquidation warning line during the market plunge, the risk of subsequent market plunges has not only not been alleviated by today's plunge, but has become more and more serious.