Chapter 204 Conditions

207. Conditions

Gold futures fell crazily, and Huo Zhen quickly asked the traders to protect the market. Not surprisingly, after the price of gold fell back to the previous $1,800, the futures market closed.

At noon, when Xiangjiang citizens saw financial reports and wanted to chase gold, they found that the price of gold had been falling. Many people were secretly glad that they had not bought it.

Wang Li was scolded by others. Many people were fooled by her into bragging about gold, but they were immediately slapped in the face by the ruthless futures market.

The person who helped with the platform now regrets it to death. After all, he was bragging on TV at noon that now is the best time to buy gold and it will definitely rise sharply.

Before I finished speaking, gold fell like a fool. Now whoever buys it will die, and those who are not careful even start to plan to short-sell gold secretly.

"What's going on, Miss Wang? Didn't you agree that you would protect the market? What's going on now?"

"Ms. Wang, have you dug this hole a little too big?"

"What's wrong? Aren't you going to give me an explanation, Miss Wang?"

Throughout the afternoon, countless financial experts called Wang Li to inquire. Some of them also spent a lot of money in the gold futures market for the sake of the landlord association.

Now I have to pay for my pants.

There was no other way, Wang Li could only apologize one by one. After all, she was the one who deceived others into going long, and she is also responsible for the current loss.

Feeling her headache, Wang Li unplugged the phone cord and turned off the phone, which made her feel much better.

"This is trouble." Wang Li said bitterly.

The current landlord association is really hurt, and the capital loss this time is more than half. Many people were seriously injured. As for Xu Heng?

This guy mortgaged his life-saving straw to make a fortune with the landlord. After such a toss, they only have more than 10 billion US dollars in funds. If they can't save themselves, they will end up in a terrible end.

"Let's talk about it, what should you do now?" Huo Zhen said seriously.

Liu Xiong gritted his teeth and said: "What should I do? Of course I will continue to pursue it. Are you just stupidly watching your funds shrink by half?"

"That's right, I'll keep following you." Xu Heng said urgently, he was the most scheming among everyone. Unlike other people, when other people lose, their vitality will be severely damaged at most.

But if Xu Heng loses, he will be doomed, so his confidence is stronger than anyone else.

When the others saw Xu Heng and Liu Xiong following them, they had no choice but to catch up. If there's no way to get them to give up right now, that's impossible.

Huo Zhen nodded and said with satisfaction: "Since everyone has decided to continue, let's discuss whether we should continue to go long, or do the opposite and go short?"

As soon as he finished speaking, Huo Zhen and others turned their attention to Liu Xiong.

Liu Xiong said in astonishment: "It depends on what I do? I am good at stock trading, but the gold futures market is too big for me to play. Don't count on me."

How could Liu Xiong not be clear about everyone's little calculations? But this time he didn't want to be the first person. If he lost the money, everyone would lose face.

"Da Liu, please stop being modest."

"Yes, Da Liu, you are the most experienced among us."

"That's right, Da Liu, don't shirk it."

Liu Xiong shook his head like a rattle and refused: "I appreciate everyone's kindness, but since we choose to hire professionals with high commissions this time, we naturally have to listen to the advice of professionals."

When Liu Xiong said this, everyone agreed very much. After all, everyone pays high commissions for others to help with trading. At this time, it is better to listen to the opinions of professionals.

Huo Zhen was very satisfied with everyone's understanding. He turned to Superboy and said, "Superboy, we're going to leave it to you this time."

Superboy smiled and said: "Thank you for your attention, but please rest assured that JAKC was the former chief trader of our Li family. You can rest assured of his ability."

After hearing this, everyone felt a little relieved. Everyone has heard about the reputation of JAKC. The former chief trader of the Li family would not have lost so miserably if he had not been blocked by the WF Group last time.

After all, the situation for the Li family was over. No matter how awesome he was, he couldn't possibly face everyone by himself, not to mention that the Li family was already at the end of its rope at that time.

JAKC, which has high hopes from everyone, also said with confidence: "Thank you for your trust. We will not let you down this time."

Huo Zhen asked: "JAKC, please tell me, should we go short now, or should we continue to go long?"

"Well, in my opinion, the current market decline is inevitable, so we can first go short and stop the loss, and then start going long at the right time."

JAKC's words won the support of everyone present, but Liu Xiong was a little worried about it: "What about the funds? If we do this, the funds on hand will be a big problem."

Everyone looked at JAKC in confusion, waiting for his explanation.

"Boss Liu has a good vision. It's true that our funds cannot support our back and forth. Otherwise, the handling fee paid to the trading center will be astronomical."

"What should we do?" Everyone asked anxiously.

Liu Xiong rolled his eyes and said bluntly: "Do you want to use leverage?"

"That's right, Boss Liu is indeed a stock market sniper." JAKC praised with approval.

Liu Xiong was a little worried about this. He was a little afraid of leverage when playing stocks. Leverage is a magic weapon if used well.

Not used well? Haha, you have no place to cry. Especially in the big market of gold futures, leverage blow-ups are too common.

Unlike the stock market, the futures market is where the big fish eat the small shrimps. Although the Hong Kong stock market is aligned with the United States, at least they still give you a chance to buffer.

Unlike futures, you may become penniless in a blink of an eye.

When he heard that he had to use leverage, Xu Heng couldn't help but tighten his anus. He loves and hates this thing. He loves it because it can bring you huge profits.

He hates that you may blow up in the next second.

"How many times do you plan to use leverage?" This is his life-saving money, Xu Heng asked out of caution.

JAKC turned around and saw that it was Xu Heng, so he explained to everyone: "For the safety of the fund (Landlord Association Foundation), we plan to use a conservative 5x leverage this time, which can not only guarantee everyone's interests, but also avoid losses as much as possible, and there is a buffer period for us to adjust."

Everyone finally breathed a sigh of relief when they heard that only 5x leverage was used. They were afraid that JAKC would be bold enough to use more than 10x leverage, although the returns were extremely attractive.

But a fluctuation could make them lose everything. Even banks generally only recommend 10x leverage, and leverage exceeding 10x requires approval.

The most demanding is that for regular leverage of more than 10x, the margin will be liquidated when there is 20% left. If it cannot be compensated in time, the bank will force liquidation.

This is also the algorithm calculated by the bank to avoid huge losses in order to avoid short-selling orders. Some banks even require you to cover your position at 30%, otherwise they will force liquidation once it falls by 30% to avoid losses.

Of course, private institutions like Dafei don't care so much. The liquidation reminder of private institutions is generally around 15%, and the lowest is around 0%. They are not afraid of you running away. Anyway, they have plenty of ways to make you pay back.

The Landlord Club borrowed HSBC's 5x leverage this time. With Huo Zhen's intervention, their liquidation reminder was set at 20%. HSBC has given Huo Zhen a lot of face.

Everyone enthusiastically rushed back to the gold futures market again.

"Continue to short 500,000 lots"

"Continue 200,000 lots"

"Quick, quick, short 1 million lots, don't let the price go up."

"Pay attention to the bulls coming, bite him to death."

As the "fat sheep" of the Landlord Club entered the market, Chang Kang, who was far away in America, sneered: "Oh, there are still people who dare to come who are not afraid of death. One group will eat up this group of short-selling funds for me."

Not only Chang Kang, Jack of Morgan sat in his office and watched a sudden surge of funds in the gold futures market start to short, and couldn't help laughing.

"Order the first and second groups to go out. I want to eat them." Jack said with a smile. At this time, he had already regarded the gold futures market as his own hunting ground. At this time, there were still people who were not afraid of death.

"Master, WF International has made a move. Are we going with them?" The subordinate looked at the screen and suddenly WF Group also made a move.

Jack smiled meaningfully: "Oh, is it Tang's people who made a move? Their foundation is really good. Let's eat this fund with them."

"Okay, Master."

Jack is now more and more curious about Tang Wen. Although he just gave away the shares of X Star. But the potential of WF Group should not be underestimated.

Take the gold futures market this time. WF Group has shipped at least 80 billion US dollars, which is a terrifying amount of money. Tang Wen deposited 15 billion US dollars in Morgan Bank, which is also to "show goodwill" to his allies.

Morgan naturally knew what to do, so several consortiums joined forces with WF Group to reap wave after wave of profits in the gold futures market. At this time, there are actually people who are not afraid of death and dare to come out to grab food?

That can only be said that they deserve this.

JAKC looked at the account that was constantly making profits, and the resentment in his heart finally dissipated a lot. Last time the Li family was sniped, he, the chief trader, didn't even have a chance to play, and the Li family had already been eaten by the big crocodiles.

This time he wants to "avenge the previous shame."

"Boss, it's bad. Our funds are being targeted." A trader suddenly shouted in a cold sweat. Just now, he found that his short-selling account was sniped by a long force, and the account suddenly changed from profit to floating loss.

"What's the situation? Hurry up and check where the funds are." JAKC immediately had a bad premonition.