The specialty of crude oil contracts for difference (CFX) was that you did not need to actually buy futures to participate in it.
This contract could reflect the price of crude oil. It was very transparent and fair, in line with the international oil price. There was no secret manipulation.
In essence, it was a virtual product!
However, they could interfere and affect international oil prices!
Buying up and buying down could have an impact. There was a slight difference in the price, which determined the speed of the transaction.
If the price was cheap, it would definitely be easy to sell…
If the price is too high, others will definitely not buy it ~
Short selling was to sell first and return later. Borrowing the stocks/futures/foreign exchange of the bank's stock company and selling it first.
After obtaining the transaction price, he would buy it back and return it.
If it falls, you can return less and make money!
If you pay more, you will definitely lose money!
This was the essence of short selling. Sell first and return later. Moreover, there was no need to pay the full amount, only a small deposit was needed.
The UnionPay system is super fast.
Selling at a high price: 52.27 USD/barrel
[Total trade volume: 34000 barrels]
Cost: $88,860| Balance:$1140
(Finance)-(futures)-(contracts for differences), the first business of successfully opening a position, the profit and loss had nothing to do with the bank.
"Okay, the position has been successfully established.”
Jiang Feng lay on the bed and chuckled. He was not worried that the oil price was slowly rising and his funds were in a state of loss.
He wanted to sell short. If it went up, he would definitely lose money ~
"It will definitely fall. This is just an illusion!”
Even if it increased, it would not be a loss of his own money, so Jiang Feng was not worried about anything. He happily turned off the lights and went to sleep.
It's two in the morning. Why aren't you sleeping? Do you want to die?
A mere $90,000 was nothing to him.
Now, as the president of a bank, this amount of money was not even worth two months of his basic salary. His interest was too weak.
She sent the screenshot to her skirt and fell asleep.
Well, this big bed is really comfortable!
Warm, gentle, soft, and light…
Jiang Feng was carefree and relaxed. He slept happily in the luxurious bedroom, but the nine old customers could not sleep.
They were all staring at the futures trend, feeling uneasy.
Nicholas Goudan: " F * ck, it's going up. The international oil price has gone up a little. It's 52.35. What should I do?"
Cheese: "Calm down. It's normal. Calm down. It doesn't matter if it's within 5%."
[Hangzhou City Lord: F * ck, it's still rising!]
* Scholar: F * ck, fall down!
Yang Luo: 52.39, I'll knock your cat…
Li Zhiguo: " No rush, no rush. I'm not afraid of investing 200,000 yuan. At most, I'll lose some of my private savings."
3 a.m. -Gas price: $52.45
4 a.m. -Gas price: $52.58
5 a.m. -Gas price: $52.66
... It kept rising...
8 AM, International Oil Price: $53.00
1.40%, a huge loss!
Everyone's mentality almost collapsed…
However, Jiang Feng was still sleeping soundly. Yang Luo and the others @ Jiang Feng wanted to ask about the situation, but there was no response.
Bitter and heartbroken, they complained and complained.
Hangzhou City Lord: Is this guy cheating me again?
Cheese: I'm done for. My private savings are going to be eaten. What should I do? (crying)(crying)(crying)
Li Zhiguo: "Calm down, calm down. I didn't even say anything about the 200,000 yuan. I'm willing to accept my loss, d * mn it!" (Decay)
[Yang Luo: Jiang Feng is such a scammer (vomiting blood)]
* Scholar: F * ck, I've suffered a huge loss this time!
Suddenly, when everyone was disheartened and despondent, there was another change. The oil price plummeted like a cliff!
< Zheng Erlang: F * ck, it's falling, it's falling. International oil prices are plummeting continuously. Look, European and American futures prices…>
08:50//International oil price: $52.95
08:55//International oil price: $52.74
09:00//International oil price: $52.61
09:10//International oil price: $52.43
……lng……
13:00//International oil price: $49.78
The highest drop was more than 6%!
It was like riding a roller coaster. It was too scary. Many people on the online news and social media sites said that they had lost everything…
The analyst pointed out that there were three reasons for the plunge:
1. The negotiation of the frozen production agreement failed again
2. The US crude oil inventory reserves increased
3. Wall Street Financial Consortium's Short Selling
The vast majority of the stockholders had lost so much that they vomited blood. Many people thought that the oil price was going to hit the bottom and rebound, but they did not expect it to collapse.
Sorrow was everywhere. In the exchange skirt of futures, stocks, and foreign exchange, a large number of people showed screenshots of losses.
Losing tens of thousands, losing hundreds of thousands, losing hundreds of thousands…
Li Zhiguo, Yang Luo, Cheese, Zheng Erlang and the others were all shocked and dumbfounded.
"I…seem to have…earned a lot of money?”
Insider information, it was indeed insider information. Jiang Feng had insider information about the bank! They completely believed it now.
Yang Luo: Brother Feng is awesome! V587
Li Zhiguo: We're going to be rich!
Cheese: Hahahahahaha ~
Nicholas Goudan: " F * ck, I just said bad things about Brother Feng. What should I do?" Would he be killed?
* Zheng Erlang: You'll get an anus
[Hangzhou City Lord: We've earned a lot this time!]
Yang Luo: Unfortunately, I only invested 100,000 yuan.
They were pleasantly surprised and had mixed feelings. They were quarreling and lamenting that it was a pity. If they had known earlier, they would have invested more.
Running into other communication dresses to show off…
Including the chat dress of the account manager of Southern Financial Services Co., Ltd., all kinds of bragging were full of force.
Coincidentally, Xu Liang also saw this!
Burning with jealousy, anger, envy, jealousy…
（）
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