Rebirth of the Capital Legend

When he came to the VIP trading room of the Huaxin Securities Financial Street Fuxing Road Sales Department again, he saw that the market had already opened.

Thanks to the positive fermentation yesterday evening, as well as the recovery of bullish sentiment and bull market confidence, the two cities generally opened higher today, and before Su Yi's arrival, they had been showing a trend of opening higher and rising.

"Brother Su, how did you feel last night?" Seeing Su Yi arriving, Lin Minghui joked with a smile.

After Su Yi left the hotel, he carefully thought about what happened last night. The result was that he only vaguely remembered what happened, and his feelings were not clear at all.

"Very good." Su Yi responded lightly, then fixed his gaze on the two cities.

When Lin Minghui heard Su Yi's answer, a smile appeared on his face and he said, "It seems that my one hundred thousand yuan was not wasted in vain. I thought you were stuck in Rourou Township today and wouldn't come to the trading room?"

"It must come." Su Yi said, "How can you miss this great opportunity to make money?"

"You don't want to continue short-selling stock index futures, do you?" Lin Minghui said, "The market trend is very good today. I feel that it will not fall again in the short term."

In the half hour since the market opened, more than 150 million yuan had been restored to his stock account.

This made him feel very comfortable.

Su Yi stared at the fluctuating Shanghai Stock Index and said: "The market is still in the digestion stage of yesterday's bullish sentiment. Whether the two markets can truly stabilize, we still have to see whether the bullish power that takes the initiative will take over after the sentiment gradually declines. Withstand yesterday's massive accumulation of profit-taking selling and the selling pressure generated by the continued withdrawal of many leveraged funds."

"Isn't this considered stable now?" Lin Minghui asked.

Su Yi replied: "Of course not. I personally think that the Shanghai Stock Index must at least be able to continue to fluctuate and hit new highs with the help of bulls during the period of positive feedback and emotional decline before it is truly stable. , otherwise... I think the market will most likely continue to fall."

After the previous continuous downward trend of 1,000 shares.

A lot of funds bought above 4500 points on the Shanghai Composite Index in the early stage have become hold-up orders that suppress the upward trend of the market at this moment.

In other words, the overall chip structure of the bull market has completely collapsed.

Under such circumstances, it is tantamount to wishful thinking to try to reverse the situation just by relying on one good thing or a desperate rebound.

It’s just that everyone is generally trapped in the illusion of the bull market and is unwilling to wake up and believe that the bull market is over, so they cannot recognize the reality.

What's more, under the extreme surge in the market yesterday, so many extremely profitable short-term profit-making orders have accumulated.

These profit orders, under the strong desire of short-term investors to take profits, will also suppress the rise of the market.

While Su Yi was stating his point of view, the Shanghai stock index had already started to fluctuate and fall.

However, due to the long market sentiment, there has not been a significant decline at this moment, and the continued influx of long funds can barely withstand the selling orders.

Therefore, the Shanghai Stock Index's oscillating downward trend at this time was not dramatic.

Coupled with the many potential selling orders on the market, we are still waiting and watching.

This resulted in the market's time-sharing capacity, which was in an obvious shrinkage pattern during the Shanghai Stock Index's shock and decline phase, thus continuing to send wrong market feedback information to bullish investors.

"When it rises, it increases the volume, and when it goes back, it shrinks. This is an obviously healthy upward trend." Seeing the Shanghai Stock Index fluctuating and falling back in the form of shrinking, the big traders in the trading room did not panic at all. On the contrary, some people were analyzing the market while making corrections on the market. He continued to increase his position, "Buy another 300 lots of 'Hua Guo Ping An'. This time, as long as the Shanghai Stock Index can reach 4500 points, I can recover all the previous losses."

"The central bank cut interest rates and reserve requirements more than expected. How can it reach 4500 points? I will continue to buy some."

"As long as the Shanghai Composite Index does not actually fall below 4000 points, then the bull market will still be there. There is absolutely no problem in continuing to buy low-valued 'big financial' stocks."

"The continued easing of macro monetary policy will bring more incremental funds to the market. I believe there will be a big positive line today."

People generally continue to be bullish...

Even Lin Minghui looked at the remaining funds of more than 1500 million in his account and the financing account that had not been used. For a moment, he felt an irresistible desire to increase his position at a low level and take advantage of the market rebound to get it back. All the impulse to lose money in the past half month.

He admired Su Yi's idea of ​​​​daring to continue to be bearish.

But at this moment, he really doesn't think the market will fall, so he wants to increase his position so aggressively.

After Su Yi briefly expressed his thoughts and opinions, seeing that Lin Minghui was not convinced, he did not say any more.

Whether it is stock investment or other financial transactions.

He always believes that all profits and losses can only depend on self-knowledge.

If you don't have adequate knowledge, even if someone tells you the correct answer or tells you the wealth password in a whisper, you will most likely still not make any money, or even lose money.

Of course, if the amount of funds involved in the investment is large enough to independently affect the market trend.

That's another story.

However, 99.99% of investors in the market cannot have such a huge amount of funds.

With everyone's different thoughts and ideas.

The market trading hours are still moving forward, and after a brief shrinkage callback, the Shanghai Stock Index returned to its intraday high near the midday close.

It's just a pity.

Even if the Shanghai Stock Index returned to near the intraday high, it has never been able to hit a new intraday high.

In the afternoon, the Shanghai Stock Index continued to fluctuate upward, and tried to hit the intraday high several times, but failed.

Su Yi saw that the Shanghai Stock Index failed to surpass the previous high point after several upward impacts. He knew that the bullish power and emotional gain brought by the central bank's interest rate cuts and reserve requirement ratio cuts had almost reached the point of exhaustion.

As a result, his eyes gradually became sharper and he typed on the keyboard without hesitation.

Using the stock index futures trading account in hand, when the main contract of the China Securities 500 Index futures fluctuated to around 9000 points, he directly placed an order to short 50 lots of the main stock index futures contract.

A few minutes later.

All 50 short-selling orders for the main stock index futures contracts he placed were completed.

After the order was completed, the market did not fall as he expected. Instead, it surged upward again and continued to hit new highs on the market.

Su Yi looked at the 50 empty orders of the main stock index futures contracts that had been completed, and the loss amount reached more than 20 in an instant, but his face remained very calm.

These 50 short contracts consumed a total of 720 million in margin in his account.

With such a margin amount, based on the amount of his current capital account, even if he makes a temporary misjudgment, the entry point for short selling is not good.

The amount of short-term losses he incurred will not pose much position risk to his account.

"Oh my God, Brother Su, you are getting more and more crazy." From Su Yi's side, he noticed that Su Yi had directly sold 50 lots of stock index futures. Mr. Deng was simply shocked, "Your list is getting more and more crazy." The bigger the bet, once the direction is misjudged, the more than 2000 million funds earned previously will most likely be wiped out!"

Su Yi glanced at Mr. Deng and said with a smile: "What if you do it right? I think when doing transactions, as long as the profit and loss ratio is reasonable when placing orders, and the buying and selling timing is in line with the trading system you follow. Yes, even if the result is wrong and you stop the loss in time, it actually doesn’t matter.”

After saying that, Su Yi quickly turned his attention back to the two markets.

However, after approaching the previous intraday high, the Shanghai Stock Index began to fluctuate and fall again.

And this time, Su Yi found that when the Shanghai Stock Index fluctuated and fell, the time-sharing volume began to increase significantly, and at the same time, the speed of the stock index's dive and fall also became much faster.

After a while...

Just when everyone thought that the Shanghai Stock Index fell back to its intraday low and would stabilize again.

Unexpectedly, at 2:06 pm.

The Shanghai Composite Index took a perfect diving posture and shot straight through the intraday low that had fallen back earlier, quickly swallowing up all the gains in the day.

Immediately afterwards, Su Yi noticed that the Shanghai Stock Index was diving in a straight line, and the time sharing capacity was increasing faster and faster.

Knowing the potentially huge amount of selling that had been sitting on the sidelines before, now seeing the complete exhaustion of bullish power in the market, they are already selling in droves.

Understanding this, he could not help but decisively sell short at the market price.

They quickly chased the main contract point of the falling China Securities 500 Index futures and violently increased their positions.

At 2:12, after the Shanghai Index swallowed up all the gains during the day, it continued to dive. Su Yi added 28 short-selling orders for stock index futures.

At 2:15, after the Shanghai Stock Index dived from the high platform, it continued to plunge into the water, extending the decline to more than 1%. At this time, Su Yi continued to pursue short positions, and already held a total of 89 short stock index futures orders in his account. .

At 2:20, the Shanghai Stock Index continued to run wildly in deep water, and the market decline further expanded to more than 2%.

At this time, Su Yi's stock index futures account had completed a total of 100 short positions in stock index futures, consuming a margin of 1379 million and an average position cost of 8960.38 points.

After he completes the position opening.

The bulls organized a counterattack near the 2% decline of the Shanghai Composite Index.

However, because the force of active buying in the market is too weak, it cannot stop the huge amount of potential selling in the market that has already shown a panic pattern.

As a result, the bullish organization's counterattack only brought a weak rebound to the Shanghai Stock Index in less than 10 minutes.

It was immediately killed by panic selling.

Subsequently, at 2:35, after the bulls' counterattack collapsed, the Shanghai Stock Index plunged straight again, extending the decline to more than 2.5%.

After that...

Facing the flood and the endless panic selling, the bulls completely collapsed, and the market's panic selling sentiment rose rapidly.

And with the panic selling sentiment in the market, it suddenly grew exponentially.

In the last 25 minutes of trading at the end of the day, the unilateral plummeting trend pattern, regarded as a 'nightmare' by hundreds of millions of investors in the market, has made a comeback again!