Rebirth of the Capital Legend

"Hey, it's over..." A helpless sigh also sounded at this time.

Su Yi heard the voice and briefly moved his eyes away from the two markets. He looked around and saw that in the trading room, almost all the other fund trading customers had very ugly expressions on their faces. There were even several trading customers who looked dull. Staring at the computer interface, his face turned pale.

Even Mr. Lin next to him.

At this moment, when I saw that my position account had lost more than 160 million yuan at the opening of the market, I completely lost my temper. There was complete disappointment in my eyes, and I didn't even want to curse.

In the silence of everyone, more panic selling power was born.

Therefore, when the short 5-minute suspension time passed, the market officially entered the continuous bidding trading period after 9:30.

There was basically no rebound in the Shanghai and Shenzhen stock markets, and they were completely suppressed by the huge amount of panic selling.

At 9:40, in just ten minutes, the Shanghai Stock Index's decline expanded to more than 2.5%.

At 9:50, the Shanghai Stock Index fell by 3%. The two cities once again fell into a unilateral plunge, and the entire market had exceeded the limit of 300 stocks at this time.

At 10 a.m., the Shanghai Stock Index continued to expand its decline, and many stocks in the two cities were already experiencing liquidity crises.

Since then, the trend of plummeting has increased sharply with the times.

By around 11 a.m., the decline in the Shanghai Stock Exchange Index had expanded to more than 4%, approaching 4200 points. At the same time, the main futures contract of the China Securities Exchange 500 Index had plummeted by 5%. More than 500 stocks in the two cities fell to their limit. The tragedy was The momentum is better than last Friday, but not worse.

Mr. Lin saw that the market had completely collapsed, and the liquidity of countless stocks was rapidly losing. Moreover, the core stocks he held, 'LeTV' and 'Oriental Fortune', were rapidly heading towards the limit. Finally, he could no longer sit still. Helpless to follow the trend and sell off the chips in hand for a large sum of money.

At the same time, other fund allocation customers in the trading room.

As long as their positions have not been liquidated, they are all driven by panic and follow the trend to cut their positions without thinking.

Under the influence of extreme panic selling, around 11:20, the Shanghai stock index fell by 5%, and the main contract of the Huazheng 500 Index futures held by Su Yi broke through the 6.50% drop position, plummeting 650 points in half a day. Bit.

Su Yi saw that the floating profit in the account he operated had reached 712 million.

Finally, a strong desire to stop profit arose in my heart.

However, he was not in a hurry to close the position and take profit. Instead, he suppressed this desire and wanted to wait for this wave of extreme panic to completely vent, or for the arrival of a clearer trading point to take profit and close the position.

At 11:22, 'LeTV' hit its daily limit.

At this time, Mr. Lin, who had violently sold off most of the "LeTV" chips, finally breathed a sigh of relief.

Although the loss in his account reached more than 400 million in this half-day, he was able to successfully reduce most of the positions in this check before the stock price fell to the limit, which can be regarded as a blessing among misfortunes.

Of course, I was thinking about selling the chips of 'LeTV'.

With the two checks of 'Oriental Fortune' and 'Huaguo Ping An', he didn't have time to lose much chips.

Fortunately, the market decline of these two heavily held stocks is not as severe as that of 'LeTV'. At the same time, the market liquidity is higher. It is still too late to calmly reduce the position regardless of losses.

When he was considering whether to continue selling off the chips of these two heavily held stocks.

The market has reached its midday close.

Faced with the extremely tragic closing result at noon, all investors participating in market transactions wailed.

Among them, amidst the wailing, those who suffered the most heavy losses were undoubtedly the numerous investor groups who raised money on the market and allocated funds off the market.

In just half a day, the per capita loss of market investors reached 4 again.

And just a little bit, it caused another situation where the limit of 1,000 shares fell.

In addition to the countless desperate complaints and curses from the investor community, there are the voices of salespeople from numerous securities firms and over-the-counter financing institutions who are constantly dialing the phone numbers of financing customers.

Without exception...

In the institutional business department of securities firms and the business department of over-the-counter financing institutions.

All the sounds are about requiring financing customers to replenish margins, or reminding customers that their trading accounts have reached the warning line, or even the forced liquidation line.

With the market continuing to plummet.

The vast amount of wealth is evaporating, and the tragic destruction of wealth is getting worse.

What's more serious is that the market's liquidity crisis has begun to fully emerge. Countless bulls on the market are collectively defeated, and a stampede situation is quickly forming where many people are killed and many are killed.

If this situation is not contained.

We will face continued financial systemic risks in the future.

Fortunately... As extreme panic in the market soared like a rocket, countless investors who suffered huge losses or even liquidated their positions vented their anger to the sky.

Regulators finally began to wake up to the fragility of the market and became aware of the emerging liquidity crisis.

As a result, an emergency internal meeting was held at noon.

Then, before the market officially opened in the afternoon, the good news that was supposed to arrive during the Dragon Boat Festival holiday finally came belatedly.

According to the favorable news urgently announced by the regulatory authorities, the regulatory authorities not only cleaned up the "over-the-counter capital allocation" and relaxed the time for forced exit and liquidation, but also made regulations for major securities firms, allowing each institution to reduce the mandatory balance of financing and financing accounts. Position conditions, which is equivalent to modifying the forced liquidation line of the internal financing account.

As soon as this benefit comes out...

When the market opened in the afternoon, the entire market reversed instantly. Countless stocks that had been suppressed by financing began to violently rise.

Su Yi saw that the negative clouds suppressing the market were eliminated, and panic selling was completed. After two consecutive days of extreme plummeting trend, Su Yi also temporarily vented his anger. He knew that bulls would take advantage of this opportunity to cover their stocks crazily.

Therefore, he decisively closed his 20 main contracts of China Securities 500 Index futures.

A total profit of 701 million was harvested to complete this transaction.

After he closed his position and took profits, the Shanghai Stock Exchange Index and the China Securities Exchange 500 Index both violently rose.

Among them, Mr. Lin had just sold off most of his holdings in 'LeTV' in the morning. In the afternoon, it instantly hit the limit and rebounded in a straight line.

Even, after 2pm.

Along with the Shanghai Composite Index and China Securities 500 Index, they recovered most of the day's losses.

The check for 'LeTV' actually turned red.

Mr. Lin did not replenish his position in the stock 'LeTV' in time in the afternoon. At this moment, he saw that the stock he had sold at the limit reversed the trend and successfully turned red. He was so angry that his back molars almost broke.

Market depth V-shaped reversal.

He lost nearly half of his position at the lowest point of the most panicked session.

As a result, when the market plummeted continuously, he lost all his positions. When the market surged, he could only recover half of his blood. Not to mention how uncomfortable he felt.

Especially when he glanced at Su Yi and saw that Su Yi had successfully taken profit at the lowest point. With one transaction, he violently reaped a profit of 700 million.

I was so angry that I wanted to vomit blood. It was even more uncomfortable than losing money in the morning.