Reborn Financial Overlord
Page 346
Out of habit, Qian Pi raised his wrist to check the time.
At 10:[-], there are only [-] minutes before the opening of the spot market.
Can the lira be held?
In the Colonna District, there is a building with a height of more than ten floors.
Kevin Mitnick was holding a thing that looked like an arcade button, and he kept demonstrating and explaining its use to a dozen young men and women.
"The button here is to close the position. Just press it, and all the positions can be quoted instantly and confirmed.
"This is a one-click open position. Suppose you want to open a thousand lots on a certain target, each time the price is increased by one TICK, and the transaction is divided into fifty times, then press this button, and the program will be executed."
"this is......"
Chapter 23 One millisecond beat the Bank of Italy
Conventional financial derivative target transactions include several steps, input price, transaction quantity, after confirming that it is correct, click to open or close a position with the mouse, and then click OK.
And these few trading steps, no matter how fast a person's hands are, will take time, and there will be human errors.
So later, with the development and application of computers, a fool-like trading tool came out in the field of speculative trading.
One click to shoot.
It can execute different programs according to different buttons, and solve the problems of input price, transaction quantity and confirmation that people need in the shortest time. It can be easily done by pressing the set button.
This kind of thing is not particularly new in the future. Any professional trader has probably used this kind of high-tech thing.
Technology can change the times!
Of course, for the traders of Kamandi and Geman, this kind of thing simply subverts their imagination.
A dozen or so traders were stunned listening to Kevin Mitnick explain the function of a keyboard, and when they heard that they could adjust the overpriced quantity and price according to the computer settings, their eyeballs almost fell to the ground.
What concept?
If a thousand-lot transaction of a financial target is divided into [-] transactions, then depending on the price and quantity, this requires at least hundreds of keystrokes, dozens of clicks to move the cursor, and hundreds of mouse clicks to switch input positions and confirm.
With one-key shooting, you only need to press a button, and all problems can be solved within one second.
Of course, it's not just a lazy tool.
The market is a trading mode of hedging and understanding. If you want to exceed the price, you must also wipe out the first order of transactions. However, in the market, there are people who buy and sell all the time. If you want to smash the opposite position, it means you have to More money and more speed.
One-click shooting is simply a tool tailored for this kind of super price.
If [-] lots are divided into [-] transactions with different prices and quantities, and they are typed out in one second, it means that [-] lots may exceed the price by [-] TICKs, and if [-] transactions are divided into [-] transactions, it means that In theory, it is possible to exceed the price by up to [-] TICK.
But in normal operations, ten times the size of the funds may not be able to exceed the price of [-] TICK.
If this kind of thing is used in a transaction with a small pool, it is simply a super weapon for massacring retail investors.
why?
If a trader does not know how to stop loss and take profit, he will have been slaughtered by the market many times.Those who survived are more important than life for stop loss and take profit.
It is conceivable that in the shortest possible time, the price is suddenly hit to a certain boundary, and those short-term speculators who cannot react will be blown up in an instant, and their trading system will only be able to do so because of the drastic price change. Machine closing.
The few people present were not fools. If they were fools, they would not have been transferred to make deals. They all looked at Mitnick in disbelief, with extremely complicated expressions on their faces.
"My God. Is this true? Can you really do what you say?"
"It's so exaggerated, I just can't accept it."
"My God. It's a devil's tool."
"My God. If the whole world is like this, then we're not going to lose our jobs."
"..."
Amidst the chatter of the crowd, Shen Jiannan walked in with big strides.
"Good morning, Sir."
"Good morning, sir..."
"Good morning."
"..."
During a series of greetings, Shen Jiannan glanced at the traders present.
"Kevin, I've already told you how to use one-click shooting."
"Oh. God, is that true?"
"It's really unimaginable."
"Of course. We have tested it before, and there may still be some flaws, but I believe it will be perfect soon."
With that said, Shen Jiannan walked to the central trading area.
"Now. Take your positions. Boris, you test it first, and let's see the effect."
"Yes, sir. But we're going to set the quantity."
"Six for a single stroke, set a thousand first."
"..."
Deutsche mark: Italian lira, 1:810.25; U.S. dollar to Italian lira, 1:1200.55.
At [-]:[-], Bank of Italy Trading Department.
As the spot market came to the start time, Carlo Azelio Ciampi's heart was almost in his throat. In his life, he had never been as nervous as today.
bell bell -
The ear-piercing warning bell rang suddenly, and Qianpi had to take a deep breath to suppress the feeling of trembling because of nervousness. He knew very well that nervousness was a superfluous emotion, and it was useless to everything, only absolute Only by being calm can we maintain the best condition in this invisible war.
Fortunately, the hike in discount rates seems to be having an effect, and the lira has shown signs of stabilizing after a brief shock from the opening market slide.
Now let’s see if there will be more selling pressure at the opening of the spot market. If the spot market can continue to sell, Lira still has a chance to win this defensive battle.
Damn, what's going on?
ITL810.25 sold 6
ITL810.30 sold 6
ITL810.25 buy 3
ITL810.35 sold 6
ITL810.40 sold 6
ITL810.40 buy 5
ITL810.45 sold 6
ITL810.45 sold 6
ITL810.50 sold 6
ITL810.55 sold 6
......
......
ITL812.45 sold 6
......
Suddenly, a series of red numbers appeared on the DEM/ITL, just like desert locusts passing by from the sky, so densely packed that human eyes could not count the specific numbers at all, only in the blink of an eye, the original German There were red and green deals on the conversion of marks to lira, but they were all submerged in the ocean of red.
Sell, all sell.
All are sold with numbers of 6 lots.
Fast, too fast.The 6 behind the transaction price seems to be standing still.
If it weren't for the densely changing prices, everyone would think that the transactions below the market are fixed.
Qian Pi was completely dumbfounded.
Looking at the series of uncountable numbers on the screen, he even forgot what he was supposed to do.
Qianpi was stunned, and so were the traders present. They didn't even understand what was going on. DEM/ITL had already become 813.75. If it wasn't for the waterfall-like lines on the trend chart, They couldn't even believe their eyes.
Damn.
How is this going?
"What are you still doing!"
After all, Qian Pi is the governor of a country's central bank, and his mental quality is much higher than that of ordinary people. In the blink of an eye, he finally realized something and couldn't help roaring.
All the traders were waking up from a dream, and they frantically tapped on the keyboard under the roar of the chief trader and trading executive who were also waking up from a dream.
ITL813.75 buy 100
ITL813.55 buy 100
.......
ITL812.45 buy 100
......
With the entry of hundreds of large orders, the price of the lira was quickly pushed up to 811.35. I don’t know if it was because the buying of nearly 811.15 lots made the shorts feel that the bulls had a strong will. When the price returned to [-] After that, even if the Italian central bank stopped buying more, the market did not fluctuate too much.
811.15 buy 1
811.15 sold 1
811.15 buy 1
811.15 sold 1
......
The red and green staggered transactions and the almost unchanged price, it seems that the previous scene was all an illusion.
If it weren't for the super Yang line and the super Yin line in the 1-minute K line, if it weren't for the V that goes deep into the abyss between the trend charts, it would silently tell everything.
Chapter 24 Devil's Tools
London, City of Westminster.
A small bucket shop.
Pi Jiwan looked at the price of Italian lira on the computer, his eyes full of blankness.
As an investment-loving trader, he once personally witnessed the plunge of the Finnish mark, and watched many friends short the Finnish mark and made a lot of money.
This made Pi Ten Wan very regretful for a while, because when he saw the opinion of the Finnish mark in the newspaper, he also had the idea of short selling.
But in the end, he only earned less than [-] pounds, and in the end, he watched helplessly as the hundreds of thousands of pounds he should have gotten slipped away like sand.
Pi. Tens of thousands of positions were closed too early, and the largest and most terrifying drop in the Finnish mark was missed.
Anyone who encounters this kind of thing will regret it.
Fortunately, in financial markets, there is always no shortage of opportunities.
As Schlesinger spoke in front of the public media, Pi Tenwan realized that the opportunity had come.
However, the volatility of foreign exchange prices is often not very high, especially when the volume of the subject matter to be traded reaches a certain limit, its market volatility will be lower.Unlike Finland, Italy is one of the main member countries of the European Currency Unit and one of the earliest countries to initiate it. The price of the lira is allowed to fluctuate within a narrow range, and under normal circumstances, its single-day flexibility is at most within Up or down by about one percent.
Therefore, trading such foreign exchange futures with narrow volatility often has high leverage, ranging from a minimum of [-] times to [-] times, from legal exchanges to gambling shops.After considering many factors, Pi Jiwan chose to trade in a bucket shop.In this way, he can obtain the maximum profit with the minimum principal.
Who knows, before the market opened, the Italian central bank suddenly announced a new interest rate policy, raising the central bank's discount rate to 12.00%.
This made Pi Jiwan want to scold his mother for a while.
He wanted to go short, but the Bank of Italy adjusted the interest rate to 12.00% in one go, and God knows what changes it will bring to the lira, which should have fallen.
There was no other way, Pi Jiwan had no choice but to wait for the market to make a choice.
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