Summer was a rainy season.
That night, it rained heavily in River East again.
The rainstorm came very suddenly, accompanied by lightning and thunder, and it became heavier and heavier! Even the bright neon lights and lights of the city were hidden in the fog.
The storm lasted for more than an hour until midnight.
It was around 12:20 pm.
Shengshi Tianxia Villa District, villa number 36.
Song Bing lay on the coffee table, looking at the ceiling, her mind wandering. She seemed to be dizzy and only recovered after a while.
Ye Xuan let out a long sigh and sat down again. He picked up the phone that he had knocked off the coffee table earlier.
He opened the " Shanghai Future " APP and checked the trend of crude oil futures.
The international and domestic charts were displayed in the APP and compared in the same frame.
According to the chart, 43 minutes ago, the international crude oil price began to fluctuate! Then, it began to fall!
Twenty-nine minutes ago, it fell by 4% to 9.6 USD.
Three minutes ago, it had dropped by 7% to $9.30.
"Prepare to close the position." Ye Xuan said.
Song Bing, who was very weak, wanted to lie down on the coffee table and savor the aftertaste. When she heard Ye Xuan's voice, she sat up immediately.
She glanced at Ye Xuan and immediately sat back on the couch, picking up her phone.
Ye Xuan saw the entire process.
How should I put it, admiration!
Song Bing also checked the trend of crude oil futures.
"Don't flatten it immediately. Wait a moment." Ye Xuan reminded.
Song Bing looked up at Ye Xuan and then at her phone. She immediately became excited.
A miracle happened once again!
The international crude oil price had indeed fallen below 10 USD! The current drop had reached 7%!
Tenfold leverage! Short sellers earn 70%!
"The domestic market has dropped by 7%. With 70% of the profits, I've already earned 1.4 billion from 2 billion. You've earned 560 million from 800 million.”Song Bing asked.
"Wait a moment." Ye Xuan replied," If you're worried, you can settle it first."”
Song Bing didn't move. This time, she listened to Ye Xuan and waited.
Ten minutes later.
The decline was still fluctuating around 7%. At the highest point, it had rushed back to a 6% decline, but it quickly returned to a 7% decline!
Song Bing was already starting to get anxious.
It also took time to buy a contract and close it.
The futures market was changing rapidly!
If it went back up, the duck in his hand would fly away!
"Isn't it unfair?" Song Bing looked up and asked Ye Xuan.
"Wait a minute." Ye Xuan replied again.
Song Bing could only continue to wait. She looked at her phone and became more and more anxious.
If Ye Xuan had received intelligence in advance and knew the movements of several major international organizations, or even some internal news from a few oil-producing countries, predicting that the price of crude oil would fall, then logically speaking, it was barely understandable.
What was illogical was how did Ye Xuan know the information?
But this was his personal secret and had nothing to do with business logic.
However, Ye Xuan was actually trying to judge the drop and was still not satisfied with the 7% drop.
This was…
Talent?
Or greed?
Half an hour later.
It was already past one in the middle of the night.
At 1:12 in the middle of the night, the international crude oil price fell to 9.2 US dollars per barrel, down 8% from today's opening price!
Song Bing suddenly stood up, walked over, and sat in Ye Xuan's arms.
She hugged Ye Xuan with one hand and held her phone with the other. She pressed her face against Ye Xuan's cheek and said,""It's already eight points. Can we close the position now? There was no need to be greedy. He had already made a lot of money.”
Not only did she want to close the deal, but she also wanted to persuade Ye Xuan.
Psychologically, it was naturally for Ye Xuan's own good. It would be a huge loss if it went back!
Ye Xuan held Song Bing's waist with one hand and made her sit in his arms. His fingers even wrapped around a strand of Song Bing's long hair behind her back, playing with it.
"Let's wait a little longer. Once the limit falls, we'll close the position.”Ye Xuan smiled.
Falling limit?
The largest international crude oil futures exchange did not have a limit, but there was one in China.
The reason why Ye Xuan didn't speculate in international crude oil and only invested in domestic crude oil this time was because today's crude oil futures wouldn't fall by dozens of percent. It would just be 10%!
Therefore, it was the same domestically and internationally.
And for domestic crude oil futures that had a limit, the limit was a very serious matter!
Although it was already past one o'clock in the morning on June 7th, most of the trading day was on June 6th!
It was Monday!
Therefore, if it really fell, tomorrow's news would definitely have a headline like " The domestic crude oil futures experienced Black Monday "!
Falling limit would cause a large number of people to lose their positions and be forced flat!
Countless investors and institutions would go bankrupt tonight!
For crude oil futures that adopted a margin trading system, 8% was already a very big drop. How dare they think about 10%?!
Ye Xuan was very persistent. He didn't panic and was extremely calm.
Song Bing was extremely anxious.
However, she didn't plan to settle it in advance and listened to Ye Xuan! Because he had already confirmed that he was making money! Even if it went back a little, it would only earn less!
Even though the money that he would lose might be hundreds of millions or even billions.
1:53 PM!
International crude oil futures prices fell by 10%! $9 per barrel!
The domestic crude oil futures price followed suit and fell by 10% in just a few minutes!
Song Bing was really stunned.
"Let's close the position!" Ye Xuan said.
All futures in the world were in the T 0 model. They could do it more than ten times a minute, and they could buy and sell at any time! As long as it was within the trading hours, it was fine!
Closing the position!
To be precise, it was a close-out!
It was used to end the previous sale contract!
In other words, Ye Xuan needed to buy the contract of the same amount as the previous transaction! He had completed the short order and realized the closing of the position!
A short order was to first sell to open a position, then buy to close the position!
As for the limit…why would it fall?
It was because there were too many selling orders in the market, but too few buying orders! As a result, there was an imbalance between supply and demand! It caused the price to plummet!
The domestic speculators followed the international speculators.
Some wanted to sell and open a position, which was considered bearish. They wanted to go short at this time. Some wanted to buy with their own hands and sell to close the position to stop the loss.
There were also some who were forced to close their positions because they did not have enough margin and did not chase after them!
There were two outcomes for a forced flat.
Otherwise, there would be no buyers for the time being and they would enter the futures exchange to auction off their stocks.
The risks involved were borne by the speculators.
In other words, he might owe the futures company money!
According to the regulations of the Shanghai Future Exchange, when the price dropped by 8%, the futures company would remind the speculators who were betting on the market to add a margin.
In this case, those sell orders could not open or close their positions. They could only queue up first. Only a few lucky ones could open or close their positions when they encountered a buy order.
But Ye Xuan wanted to buy it at the current price…Naturally, he bought everything in an instant!
Close the position immediately!
Sitting in Ye Xuan's arms, Song Bing, who was already stunned, only reacted after Ye Xuan reminded her.
She immediately retracted her dazed gaze from Ye Xuan and looked at her phone.
Buy! Closing the position!
Deal immediately!
It was real-time for futures to make money or lose money.
Ye Xuan sold an 8 billion order with a margin of 800 million. When the price of crude oil futures started to fall, his margin was already growing crazily.
In the end, he used a 720 million margin to buy back the real-time price of 7.2 billion crude oil futures contract and closed the contract.
The only change was the price. The number of barrels of crude oil was the same!
Ye Xuan had completed a round of buying low and selling high!
800 million difference! It was the deposit that the opponent had lost!
In other words, the funds in Ye Xuan's futures account had successfully doubled to 1.6 billion!
And the money in Song Bing's futures account had increased from 2 billion to 4 billion!
Ye Xuan felt that…Song Bing might be on the news! In the open and transparent futures market, he could earn 2 billion yuan in one deal! He definitely wanted to attract attention!
Fortunately, she was there. Ye Xuan's 800 million profit from this deal seemed inconspicuous.
The moment he completed the closing, Song Bing was enveloped by an unimaginable shock! She was excited! Surprise! It was hard to believe! Most of them were still shocked!
Her neck was a little stiff. Song Bing slowly turned her head to look at Ye Xuan, who was close at hand.
Ye Xuan was still as calm as ever. This was the money he should have earned in his plan, and nothing unexpected happened. With the scale of the crude oil futures transaction, Ye Xuan's little bit of money and his own butterfly effect could not have any impact.
Eh!
Ye Xuan smiled and kissed the corner of Song Bing's mouth.
Then, he put down his phone, carried Song Bing up, and turned to go upstairs.
"Time to sleep…which bedroom is yours?”Ye Xuan asked with a faint smile as he walked.
The master bedroom on the second floor was very large. The decoration was mainly ice-blue in color. It was extremely luxurious and emitted a delicate fragrance.
Ye Xuan carried Song Bing into the room and threw her on the blanket, preparing to do something.
Ring ring ring…
Song Bing's phone rang.
The caller ID was Rongrong.
It was Song Bing's best friend, Zhao Kerong! She lent 500 million to Song Bing!
" Wait for me…" Song Bing said to Ye Xuan and immediately picked up.
"Hey, Rongrong, what's wrong? Why aren't you sleeping at this hour?"
"Sister Bing! Did you use the money I lent you? Did you use it?" Zhao Kerong spoke very quickly and was extremely nervous.
" I used it…" Song Bing was stunned by her good sister's call and subconsciously replied.
"When did you use it?"
"It was past ten in the morning…"
"Did you bargain? Did you really copy the bottom? No way, Sis! No way, no way!" Zhao Kerong's voice was pleasant to the ears, but her tone sounded like she was about to collapse!
Song Bing was stunned and only understood after reacting for a while.
Previously, when she called to borrow money, she had chatted with Zhao Kerong for a while. Her good friend had asked why she wanted to borrow money. At that time, Ye Xuan only accepted crude oil futures but did not say whether he was short or long.
This made Song Bing tacitly agree that he was buying at the bottom!
Therefore, she didn't hide it from her good friend and casually said," Buy crude oil futures tonight!"
And now, crude oil futures had fallen to the limit! They would lose all their capital if they copied the bottom price!
Zhao Kerong must have known about the limit. The only strange thing was, why was she not sleeping at night and staring at the crude oil futures?
"It's down! Sister Bing! Did you lose everything?" Zhao Kerong was extremely excited.
" This..." Song Bing was laughing. She was in a good mood and teased her best friend."Answer me first. Why aren't you sleeping at night? You're watching too?"
"No! I'm sleeping! Get up and drink some water! The computer was on, so I took a look at it!”Zhao Kerong was still so excited.
She had checked the crude oil futures before she went to bed. Of course, it was because Song Bing borrowed money and said that she was going to buy it, so she was naturally concerned about the situation.
Before she went to bed, she looked at the chart and even checked the relevant news.
Although Zhao Kerong wasn't in the financial investment industry, she still understood the news and the tenfold leverage generated by the margin system.
After a simple understanding, she felt that Song Bing was reliable.
Many experts had interpreted the news in this way. It should have hit the bottom and rebounded. Song Bing was an investment genius, so it should not be wrong.
He went to sleep in peace.
However, she never expected that after waking up to drink water in the middle of the night, she would see that crude oil futures had fallen by the limit!
That was why she called him in such a panic.
It wasn't that she couldn't accept the loss of 500 million. The one who lost money wasn't her, but Song Bing!
She was afraid that something would happen to Song Bing!
She knew everything about Song Bing's gambling agreement!
"Sister Bing! It's over, it's over. Sister Bing, don't be rash and take things too hard. Listen to me, how much did you invest this time?”Zhao Kerong spoke quickly.
" Two billion…" Song Bing replied.
"Two billion? Sister Bing, where did you get so much money?”Zhao Kerong raised her voice, almost screaming.
"Other than borrowing from you, there's also Bro Bei and my uncle.”Song Bing explained.
"Oh my god! Heavens! Good heavens!" " Oh my god!" Zhao Kerong cried out three times in a row. She was really on the verge of breaking down, but she immediately forced herself to control her emotions and said quickly.
"Sister Bing! I'll help you get through this! You have to believe me! Don't do anything stupid! I know you want to be strong, Sister Bing, but you must stay calm! Didn't the second round just start? There's still time!"
"Sister Bing! I'll go to River East tomorrow!"
"You can choose not to return my 500 million yuan! I'll help you think of something else!"
"Wait for me, you must wait for me! I'll be there tomorrow morning!"
Zhao Kerong finished speaking in one breath.
Song Bing felt that it was good. It had been a long time since she had seen her good sister. She would keep her in suspense and give her a surprise when she arrived.
"Alright, I'll wait for you. Come on." Song Bing laughed.
Zhao Kerong heard the smile in Song Bing's tone, but she didn't think that she was wrong. Instead, she felt that Song Bing had gone crazy because of the shock!
After all, Song Bing had said it herself.
He was so stimulated that his mind was abnormal?
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]