At the end of April, Chen Pingan used his own money to smash the index futures price through 3500 points. At that time, the funds invested were less than 100 billion yuan, of which the loss was less than 2 billion yuan.
There is still profit from the short positions at high levels, although not much, but it is enough to support him to continue to sell without using more funds.
The first trading day of May.
For the first time, Chen Ping'an tasted the pleasure of ejaculation.
Trading was halted after the composite index futures fell 10% that day.
But this is not just the credit of Chen Pingan alone. Just he and Edwards can judge that there are at least two funds that entered the market after he broke through the 3500-point mark of the composite index before the holiday.
But neither of them knew where the funds came from.
The effect of the KLCI hitting the lower limit is a sharp drop in the Malaysian stock market. The trading teams are buying with great pleasure, buying as much as they can. As mentioned earlier, if they don’t buy now, what will they use to crash the market when they want to short in the future?
They couldn't see the whole picture, not even Chen Pingan.
Because he didn't know the foreign exchange trading plan, Qian Jingming didn't tell him, and there was no such content in the documents he had access to.
He is just a part of a huge plan, or in other words, a pawn!
If he fails, only his Inprivate will die.
The closing point of the Kuala Lumpur Composite Index futures on that day was fixed at 3135.500, and KLIC followed suit and plummeted by 6.37%, and panic selling began to appear.
Although it is unclear who exactly this part of the funds comes from, according to convention, the funds come from Europe, the United States and Japan.
The total amount of capital outflow was not large, less than US$80 billion.
Edwards looked at the trend and just shook his head, "How fragile!"
Chen Pingan added, "This is just the stock market. The foreign exchange market is still very stable. At least I haven't seen any signs of depreciation. There is no structural decline.
Can't even see the top.
I have to say, their foreign exchange policies and methods are indeed becoming more and more powerful."
The working habit of traders is to start group discussions after the market closes and export trading records to certain people.
After the others left, Chen Pingan and Edwards closed the door and went to the second floor to prepare some dessert before dinner.
In the restaurant, operators sat together in groups of three or four, drinking tea and tasting desserts made by the chef hired by the hotel.
"It's a pity that I'm still a little lacking in foreign exchange, and people don't think highly of me!" Chen Pingan lit a cigar and sighed, feeling a little regretful.
Edwards shook his head and said, “You can’t look at it that way.
Just do what you can do and earn the money you deserve.
You are only 24 years old and not even married. You still have a long way to go.
Once this is over, you will have plenty of time to study forex trading.
The complexity of cross-market operations is simply not something that one person can handle with ease."
Chen Pingan smiled. It was not that he had not done research, but he had no real trading experience.
He has never touched gold futures, which he knows best. Isn't it because he is risk-averse?
Commodity futures and foreign exchange may suddenly erupt into an extreme market due to a small incident in some unknown corner of the planet. By then, you will be buried before you even have time to cry.
It's like when you want to yell "Fuck your ancestors" while jumping from a rooftop, but you can only shout out three words at most, and the final sound is just a slightly dull "pop".
"Tonight's dinner will be very exciting!" Edwards picked up a small piece of dessert and put it into his mouth, squinting his eyes comfortably.
Chen Pingan nodded and said with a smile, "We won't move in the night market. Because their central bank won't move at night. I can even guess that at night, there is no telling what kind of funds will come in to make a profit.
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