Through Thick and Thin

On Tuesday night, Lu Chuiqing, who was still working overtime in the company, rubbed her sore eyes and glanced at the time. It was almost 09:30 at night.

He let out a sigh of relief, and still planned to come here first today, so he packed his things and clocked off work.

All day today, the topic of chatting among colleagues in the company during their break time is almost all the sharp drop in domestic natural rubber futures in the past two days.Lu Chuiqing's department is also involved in some stock index futures. Naturally, he will pay great attention to the market of commodity futures.

Rubber futures turned from rising to falling yesterday, and continued to fall after the market opened today. At present, the leverage of domestic futures is about seven times on average. This decline has caused many retail investors with long positions to suffer. warehouse.

Since Lu Chuiqing entered the financial industry, she has heard a saying that the stock market can only make a small amount of money. Those who really want to make a lot of money in this market, derivative products such as futures are the real ones. The existence that makes a person rich overnight.

In this kind of capital game market, there is one thing that makes the losers turn pale, and the winners regard it as a treasure.It has always called the wind and rain in the capital circle, so that countless people know that if they make a mistake, they will suffer unimaginable consequences, and they are willing to continue.

This thing is leverage.

Lu Chuiqing has always followed the principle of prudence with her own money, and never dared to touch leverage.Although he heard from time to time that some futures tycoon made 5000 million from [-] principal, he knew that he did not have this level, and of course he would not take risks that he could not bear.

Lu Chuiqing called Xiao Zhan and told him that he was going home after get off work, but unexpectedly heard Xiao Zhan say that he was still in the company and had not returned, and asked Lu Chuiqing to go to his company.

Lu Chuiqing walked directly to the value scan. Xiao Ye, Xiao Zhan's secretary, was waiting by the company's gate. Seeing Lu Chuiqing coming, she walked up to greet him with a smile, and took him to Xiao Zhan's office. After serving tea, he closed the door and left.

Now there are basically not many people left in the company, and the lights are turned on sporadically in the offices outside.Xiao Zhan sat on the sofa and patted the seat beside him.

Lu Chuiqing stepped forward and sat down, then turned her head suddenly, leaned forward and sniffed Xiao Zhan, and asked, "Have you been drinking?"

Xiao Zhan: "Well, come back after the entertainment."

Xiao Zhan's computer was placed on the coffee table in front of him, and Lu Chuiqing glanced at the screen, and found that the screen turned out to be a K-line chart of the ups and downs of a certain futures.

"You bought futures?" Lu Chuiqing was surprised. He saw that the price unit on the screen was in US dollars, so it should not be domestic futures. "What did you buy? Foreign ones?"

"Well, gold."

Anyway, there was no one else around, so Lu Chuiqing sat down casually on the ground in front of the coffee table, lay down on the coffee table, and looked at Xiao Zhan's account information: "One thousand lots, open 1470 and report 1770, I will do the math ... Earned more than 40 yuan? Wow, that's amazing..."

"This is a small account. My big account is managed by the manager." Xiao Zhan scratched Lu Chuiqing's cheek with his fingers, "Are you interested in opening one?"

Lu Chuiqing quickly shook her head: "I can't afford to play this game. I have to mark the market as soon as I enter the market, and I have to trade 23 hours a day. The pressure is too great. And the rubber has fallen terribly in the past two days , how many accounts have exploded..."

"You don't need to keep an eye on the market." Xiao Zhan smiled slightly, "Isn't that what the manager does?"

"That's what you say...but you can always take care of your own money." Lu Chuiqing said, "Xiao Zhan, did you buy anything else besides gold?"

"And foreign exchange and Brent crude oil, mainly those two."

"Oh, foreign exchange and crude oil..."

Lu Chuiqing nodded, staring at the K-line on the computer screen in a daze, but his expression slowly changed somewhat strangely.He sat up straight suddenly, and the back of his head almost hit Xiao Zhan's chin, who was sitting bent over and propped up on his knees: "Crude oil?!"

Xiao Zhan: "What's wrong?"

Lu Chuiqing didn't answer, but quickly used the computer to check the real-time price of crude oil.Affected by the price war among oil-exporting countries, international crude oil prices have plummeted for two consecutive months. The general trend of the market is to be short, and the short side has an absolute advantage, and the K-line is also all the way down.

Lu Chuiqing remembered the drop in oil prices this time, but he still seemed to have a vague impression that the price war did not last long, and then the country that launched the price war announced production cuts because of the sudden terrorist attack on oil facilities, and then Other exporting countries have also cut production and ended the price war. Oil prices have unexpectedly risen sharply. The K-line chart of oil futures has gone through a rare standard V-shaped bottom.

Because that form is really rare, that's why Lu Chuiqing has been remembering it until now.

The decline of crude oil has been going on for several weeks now, but it's a pity that Lu Chuiqing really doesn't know when the lowest price was formed, otherwise this would be an excellent opportunity to enter the market to buy the bottom.

However, opportunities still lie ahead.

The leverage ratio of crude oil is about ten times. Xiao Zhan's futures account should have at least tens of millions of funds, right?The amount that can be leveraged...Lu Chuiqing didn't even dare to think about it.

Lu Chuiqing turned her head and said to Xiao Zhan: "Xiao Zhan, you are holding empty orders for crude oil, right? How much profit are you making now?"

"Around twenty o'clock."

Lu Chuiqing tentatively said: "How about... close the position?"

"Wouldn't it be too early to close the position?"

"It's a good thing if all bad things are done!" Lu Chuiqing said, "I think the price of oil is going to rise! Really!"

Xiao Zhan stared at Lu Chuiqing quietly for a while, and Lu Chuiqing inevitably felt a little guilty. After all, this was not the first time he had suddenly told him such a thing, but now that money was the most important thing, he insisted on staring back.

Xiao Zhan pulled him to stand up: "Go home, speak slowly."

The two returned home, and on the way back to the bedroom upstairs, Lu Chuiqing couldn't help persuading him all the way: "Xiao Zhan, I followed a teacher who has been in crude oil futures for more than ten years, and he said that the recent crude oil is about to fall to the bottom, and I think that K-line shape also has a V-shaped bottom meaning..."

Lu Chuiqing himself felt his teeth hurt when he said it. The morphological theory of K-line charts was something he had learned in college. It's the same as buying or selling by tossing a coin-maybe even the [-]/[-] success rate of tossing a coin is higher than looking at the pattern.

Sure enough, Lu Chuiqing heard Xiao Zhan laugh.

"Don't laugh at me!" Lu Chuiqing blushed a little, reached out and hit Xiao Zhan on the back, "I'm serious!"

Xiao Zhan walked into the bedroom, sat down on the bed, raised his head and looked at Lu Chuiqing: "Then tell me the specific reason."

Lu Chuiqing: "...specifically? Well...you see, Brent has fallen to [-] dollars a barrel now. Futures are similar to stocks. There are always ups and downs. , Now that it has fallen, shouldn't it rise?"

After Lu Chuiqing finished speaking, she was silent. Don't say that it sounds like nonsense to an insider, even an outsider might think that he is pretending to understand.

Xiao Zhan seemed to still faintly want to laugh. He leaned against the head of the bed, raised his eyebrows slightly and said, "Your reason still can't convince me."

Lu Chuiqing pursed his lips in distress. He also expected that Xiao Zhan would not be so easy to persuade, but even if he couldn't persuade Xiao Zhan to hold long orders, he must persuade Xiao Zhan to close short orders before oil prices rise, so that at least There will be no losses. After all, the risk of futures is too great. With a leverage ratio of ten times, even a person with a rich family like Xiao Zhan must be cautious.

If it is not enough to be soft, then Lu Chuiqing intends to be tough as a lover, and now he has gradually become bold in front of Xiao Zhan, and he will be tough when he says he is tough.Even if Xiao Zhan thought he was making trouble out of no reason, Lu Chuiqing must save Xiao Zhan from this loss.

Lu Chuiqing put on a straight face: "Xiao Zhan, you must close your empty orders within this week. I don't care whether you want to increase or decrease your holdings in the future, you have to get even if you are even, and you have to be even if you don't. If you don't listen to me Yes, I'm angry!"

This week is still a relatively safe range. After this week, it will not be too late for Lu Chuiqing to persuade Xiao Zhan to hold long orders.

Looking at Lu Chuiqing with bright eyes, Xiao Zhan remained silent, and the two just looked at each other for a while.

Gradually, Lu Chuiqing felt that his expression was getting a little tense, he really wasn't suitable for making this expression at all, and he really didn't want Xiao Zhan to think that he was making trouble for no reason.

At this time, Xiao Zhan suddenly took out his mobile phone from his pocket and made a call. After the call was connected, he cut straight to the point and said, "Manager Zhao, please clear those short crude oil orders in my No. [-] account. I have other uses for the money." , from now on, you only need to be in charge of Account No. [-], yes, I’m sorry to trouble you, um.”

After making the phone call, Xiao Zhan looked at Lu Chuiqing who was stunned, and shook his phone: "It's fine."

That's...even?so easy?

Lu Chuiqing: "...Didn't you say that I can't convince you?"

"Didn't you also give me an ultimatum?" Xiao Zhan said with a half-smile, "Of course I will listen to you."

Lu Chuiqing's face turned red, he held back for a while, and couldn't hold back anymore: "Why don't you hold on anymore? You make me feel very unreasonable..."

Xiao Zhan knew that Lu Chuiqing was always a very reasonable person, no matter what happened, he must have his own reasons.

Moreover, even if it is really "unreasonable", then there is nothing wrong with him pampering, Xiao Zhan is happy.

"But that money can't just lie in the account and occupy a position." Xiao Zhan said, "What do you want to do?"

Lu Chuiqing took a deep breath and said, "Xiao Zhan, if you don't worry about me, you can hand over that account to me for a while. I will be 12 cautious with your money."

Xiao Zhan really didn't expect that Lu Chuiqing would directly put forward this suggestion. He directly dragged Lu Chuiqing to the study, turned on the computer in the study, logged into his Brent crude oil futures trading margin account, and wrote down the transaction key on the paper. .

Looking at the string of transaction codes, Lu Chuiqing's palms were sweating.He wiped the sweat from his hands, and carefully browsed Xiao Zhan's account information.

Xiao Zhan’s account has a deposit of about 6000 million yuan, and the position has been completely closed now, and there is no pending order contract.

After experiencing the matter of Boda Materials, Lu Chuiqing still had a great understanding of Xiao Zhan's family background. Although he didn't react too much, he really held his breath for a few seconds.

Lu Chuiqing: "Xiao Zhan, the money...should there be a regulation or something?"

"How about this, the risk rate is controlled below 60.00%, and the red line is 70.00%." ​​Xiao Zhan leaned sideways on the armrest of the office chair, "It's up to you if you don't exceed this ratio."

Lu Chuiqing would feel more at ease if there was a risk, but if Xiao Zhan let him operate completely, he would feel uncertain.Lu Chuiqing was both nervous and eager to try, and slowly took a deep breath.

Xiao Zhan leaned down, kissed Lu Chuiqing's cheek, and said with a low smile, "Then I'll wait for the results of the inspection, Consultant Lu."

I saw a lot of cute novels and said I couldn’t understand them. The author has something to say and there is a word limit. I will add another paragraph after the main text~

1. [Opening a warehouse]: Refers to the purchase of futures contracts. You can think of a margin account as a warehouse, and opening a warehouse is to put commodities into it.

2.【Close】: Empty all the goods in the warehouse.

3. [Short order & Long order]: The trading objects of the futures market are futures contracts, which are divided into short orders and long orders.Taking crude oil as an example, a short order refers to selling crude oil at the current market price, and buying crude oil at the market price when closing the position, which can be understood as shorting in the stock market; on the contrary, selling crude oil when opening a position, Buying crude oil at the current market price when closing a position can be understood as a normal investment in the stock market. The jargon is to close the short/long order.

In the article, because the price of oil has been falling, it is normal to open a short position, that is, sell now and buy at a lower price in the future.And Xiaoqing knew that the oil price would rise in the future, so he suggested to Mr. Xiao to close short orders and open long positions.

4. [Margin]: The money deposited in the account is used to accept the profit or loss caused by the rise and fall of the futures contract price. After buying the contract with margin, the margin is not deducted from the account, but is still in the account. into "Used Margin", which reflects gains and losses in real time.

5. [Risk rate]: used margin ÷ all margin in the account (including used), a risk rate of 70.00% is already an extremely high risk, and more than 90.00% can be called a full position. In reality A strong trader is almost [-]%... a [-]% reverse movement will blow up.

6. [Lot]: The unit of a futures contract, one lot is a contract. Different futures commodities contain different quantities in one lot. For example, one lot of grain futures is 10 tons; one lot of crude oil futures is 1000 barrels.

If you still don't understand or are curious, you can comment in the comments XD

The author says:

Xiaoqing turned on God again!Explain the leverage and liquidation in futures ~ Futures generally set a leverage ratio, expressed in multiples, which is numerically equal to 1/margin rate.For example, if Mr. Xiao wants to buy crude oil worth 50 yuan, and the margin rate is 10%, then he only needs to pay 500000 * 10% = 50000 yuan as a deposit to leverage 50 yuan worth of crude oil, and the leverage ratio is ten times.The price fluctuates by 1%, which is reflected in Mr. Xiao’s account as a fluctuation of about 10% (the specific calculation method needs to consider other factors), so ten times leverage can bring ten times the profit, and it can also bring ten times the loss. There are hundreds of times leverage.Liquidation means that the loss rate of the money in the investor's futures account reaches 100%, basically once the liquidation is over, it will be useless.Ordinary people generally cannot play futures, especially those with high leverage, because there are not a few people who lose their fortunes overnight in futures... Investment needs to be cautious!