Chapter 121 Shocking the Futures Trading Hall
Lin Lang looked disapproving, looked at the beautiful Gu Keqing and replied: "Don't just follow the crowd. Think independently so you don't follow the crowd."
"It's not a bad thing to listen to advice, but it's not okay to be too soft-hearted and think everything others say is reasonable."
Gu Keqing nodded and smiled after hearing this. She saw the light of confidence in Lin Lang's eyes. Every time she saw Lin Lang's strong and confident look, it was before Lin Lang created miracles and made a lot of money.
Now Lin Lang, despite all the obstructions, is determined to short rubber futures, so he must have his reasons.
So, Gu Keqing dispelled her doubts and said with a charming smile: "I understand, Alang, there will be no accidents with you around."
Lin Lang looked at the crowd and said, "A futures transaction of only 30 million is not a big order. Thank you uncles and aunts for your kind reminder."
"Lin knows that everyone is well-intentioned, so he kindly reminds the younger generation that there are not many good people in this society. Thank you! Thank you!"
As Lin Lang spoke, he clasped his hands together, and politely and courteously drove away the crowd that was watching him and Gu Keqing in a very friendly manner.
The onlookers in the futures trading hall dispersed after hearing this, thinking that it was not their money that was being lost. Groups of three or five whispered not far away, all unable to help but talk in low voices, waiting to see how Lin Lang would die from shorting rubber futures.
"Fuck!"
"This young man really doesn't listen to advice!"
"Are young people nowadays so unbelieving?"
"The young man is quite polite and well-educated. He must have just started trading futures. His investment method is quite aggressive, but the most taboo thing about futures investment is trying to get the most out of it all at once."
"Yes!"
"Without investment experience, he went all-in on shorting rubber futures right from the start. This is courting death!"
"Those who bought rubber futures this year have all made a fortune."
"That's right!"
"Those who went long on rubber futures have all made a fortune this year, and those who went short on rubber futures have all lost money!"
"This guy shorted rubber futures. After being liquidated by longs, he couldn't jump off the building, right?"
"probably not."
"The way this young man is dressed shows that he is rich. He must be a second-generation rich man with lots of money and no hair yet, and he's already learning how to trade futures. It's going to be a miracle if he doesn't lose a lot of money."
"This kind of foolish and wealthy young man, it would be a shame if he wasn't harvested by the banker..."
Just when everyone in the futures trading hall was pessimistic about Lin Lang, the short positions in rubber index futures increased sharply, with a value of more than 488 billion yuan, causing the price of rubber futures to suddenly fluctuate violently.
The bulls were obviously caught off guard by the forces behind the deliberate short selling, but the main short contracts continued to surge, causing the price of rubber futures to plummet by 8.87%, the largest drop of the year.
Short orders suddenly appeared in rubber futures, which was an unprecedented short selling and shocked everyone in the futures trading hall.
"Fuck!"
"What the hell is going on?"
"Why did the price of rubber futures suddenly plummet?"
"Yes!"
"It dropped more than 8 points in one go. The price of rubber futures is going to collapse!"
"Normally, the increase in short orders in futures is mostly for hedging, so there is no need to worry too much. However, short orders worth nearly 50 billion suddenly appeared in rubber futures, and the long-term dealers simply couldn't take it!"
“It’s so cruel!”
"The price of rubber futures dropped by more than 20% in just three minutes. This kind of flash crash is so rare!"
"Fuck!"
"It's still falling!"
"The decline is close to 25%. With so many huge short orders, buyers who are long on rubber futures will line up to jump off rooftops!"
"That's right!"
"It is highly likely that the longs were liquidated by deliberate short selling, and they didn't even know how they died!"
"Brilliant!"
"The price of rubber futures has plummeted by more than 31.8%. Isn't this too much of a stretch?"
"The young man who just bought 3000 million Chinese Yuan and shorted rubber futures has become rich overnight!"
"Yes!"
"In just a few minutes, he made a huge profit of 10 million Chinese Yuan by shorting rubber futures. This young man is truly extraordinary in his courage!"
"Isn't it?"
"The long dealers of rubber futures were hit by short orders worth tens of billions of yuan and were forced to close their positions, which triggered a stampede of funds. As a result, rubber futures collapsed in an instant due to speculative selling pressure and began to plummet."
"Isn't this too crazy?"
"That's really awesome!"
"Rubber futures have fallen by more than 35% and are still falling madly. Isn't this killing long buyers?"
"Yes!"
"This kind of inhumane short selling is so rare!"
"The rubber futures price has dropped by more than 35% in a flash crash, which means that all buyers who are long on rubber futures can go to the rooftop and write their suicide notes."
"Dead, dead!"
"Buyers who were long on rubber futures, all the shorts got ripped off this time!"
"Fucking shit!"
"The price of rubber futures dropped by more than 40.2% in just a few minutes. This is a long-short showdown that hasn't happened in a decade, and the bears have won completely!"
"The young man who just went his own way and bought a short position of 3000 million yuan in rubber futures has hit the jackpot and made a fortune!"
"This is even faster than using a printing press to make money!"
"The large short positions in rubber futures are still increasing significantly. The long positions have been completely blown up, and the ability to hedge against rising prices is almost gone!"
"There are more and more buyers who are bearish on rubber futures, and the decline has even dropped to 43.6%. This is simply waving a sickle to harvest the buyers who are long on rubber futures!"
"That's right!"
"Every rubber futures chip today is stained with blood!"
"I really regret missing out on this wave of shorting rubber futures and missing out on a great opportunity to get rich overnight!"
"Who the hell could have predicted such a crazy short-selling crash?!"
"Yes, I have!"
"The guy who just spent 30 million to short rubber futures predicted this!"
"It's amazing!"
"It's just too damn amazing!"
"This guy made 1300 million by shorting rubber futures in just a few minutes. He is really lucky!"
"Awesome!"
"A young man is not afraid of tigers. This young man just opened a futures account today and made nearly 2000 million in two orders. I am really impressed!"
“I’m really impressed!”
"Fuck!"
"The price of rubber futures is still plummeting, and the drop has exceeded 45.9%. This is going to kill all the long buyers!"
"This is why ordinary people don't dare to touch futures. Some people become rich overnight, while others lose everything and jump off a building."
"Yes!"
"While some people make huge profits in the futures market, others lose huge losses. Otherwise, where does the money come from?"
"Let's go!"
"Go and have a look at the young man who just shorted rubber futures and bought 3000 million. Come and share in the good fortune."
"Fuck!"
"That young man has been surrounded by people from three layers inside and three layers outside!"
At this time, Lin Lang and Gu Keqing were in the futures trading hall, being watched by the crowd. Gu Keqing was so excited that he jumped up and down and said, "Alang, what are you waiting for?"
"The price of rubber futures has dropped by more than 45.9% in a flash crash. Clear your positions and cash out!"
Lin Lang replied calmly: "Not yet. The price of rubber futures still has less than two points of room to fall."
The male futures trader looked at the crazy plunge in rubber futures in the computer system with a look of disbelief on his face. He asked in amazement: "Mr. Lin has made a profit of more than 1370 million from shorting rubber futures. Should he close his position now?"
Lin Lang issued a trading order and said, "As long as the price of rubber futures today drops by more than 47%, you can help me close the position and cash out."
The male futures trader was shocked after hearing this, and kindly reminded: "Mr. Lin, I have the obligation to remind you that you can't be too greedy when trading futures. You should quit while you are ahead!"
Gu Keqing couldn't hide her excitement and said, "Alang, I feel scared for you. You are lucky to have this short rubber futures deal. There is a saying that goes, 'It's better to lock in profits than to lose them.'"
"Put it in your pocket and it's safe!"
As soon as Gu Keqing finished speaking, the price of rubber futures fell to 47.8%, causing the staff in the futures trading hall to exclaim.
The price of rubber futures actually hit the largest single-day drop of 47.8% in the past five years, shocking everyone in the futures trading hall.
"Oh..."
"Hurry up!"
"Hurry up and help Mr. Lin close his position and cash out!"
The male futures trader hurriedly operated the computer system and according to the trading instructions just issued by Lin Lang, he could close his position and cash out when the rubber futures price fell by more than 47%.
"Da da da……"
The male futures trader clicked the mouse methodically, then excitedly clenched his fist and announced the good news: "Congratulations, Mr. Lin, I have successfully closed your position and cashed out. This short-selling rubber futures has made a profit of 1430 million Chinese yuan!"
"Mr. Lin, the total amount of funds in your futures account is now 5970 million Chinese Yuan."
"Nice!" Lin Lang snapped his fingers.
Gu Keqing couldn't hide her excitement as she hugged Lin Lang and said with joy: "In less than half an hour, two futures transactions have made a huge profit of 1950 million Chinese Yuan. Alang, you are amazing!"
Lin Lang replied calmly: "It's just a small scene, Sister Keqing, you don't have to be so excited."
"Alang, how did you determine that rubber futures would plummet?"
Lin Lang smiled and replied: "There are big dealers behind rubber futures. When the long positions in rubber futures reached the limit, they suddenly swung their sickles to cut the leeks. After the main long funds successfully fled, they used huge short orders to force rubber futures to plummet. At the same time, they lowered the spot price of rubber in reality. It can be said that they made money on both ends."
"The profits from the huge short orders are free, and by driving down the spot price of rubber, our sales department can earn a lot of commissions, and when we go long, we can buy the bargains at a low price."
"Today's rubber futures hit the largest single-day drop in the past five years, 47.8%, which is completely under the control of the market makers and institutional funds. It is definitely a perfect wave of cutting leeks."
After hearing this, Gu Keqing exclaimed: "Alang, you are indeed a top student studying finance. You have a unique investment vision and a very thorough analysis. You are simply amazing!"
"Oh..."
The crowd watching the excitement in the futures trading hall were all fucking shocked.
"Brilliant!"
"Young man, you are really awesome!"
"In less than ten minutes, I made 1430 million Chinese Yuan by shorting rubber futures. I was so lucky!"
"Yes!"
"I just opened a futures account. In half an hour, I made a net profit of nearly 2000 million from two transactions. This guy is so lucky!"
"Newborn calves are not afraid of tigers!"
"What a courageous young man! He is really young and promising!"
"Rubber futures, which have been strong for nearly a year, suddenly crashed. It's really unbelievable!"
"This guy made over 1400 million yuan in less than ten minutes by shorting rubber futures. I'm so jealous!"
"I have to say, this young man named Lin is really awesome!"
