Chapter 337 [Go straight in on one side]
Hearing Fang Hong's words, Tian Jiayi couldn't help but put his chin in one hand and said slowly: "The situation is open, but the A-share market has always been short-short and long-term. You also said that the next three or four years will be a long way to go. How can we make more money by only doing more on one side?”
She glanced at Fang Hong with a slight tilt of her head and added: "Besides, you don't even blink when you spend money. Although the company's current book funds are full, but according to your expenditure, can it last for two years?" It's a problem."
Fang Hong smiled calmly: "It is true that the bulls are short and the bears are long in the A-share market, but short-selling profits are limited, because the decline is limited, and the theoretical decline will not exceed 100%; but long-selling profits are unlimited, because the rise is unlimited, and the theoretical increase is unlimited. Yes, what we do is to not open for a few years, and to eat for a few years after opening. Besides, the main profit of the company in the future will come from the overseas capital market.”
In other people's markets, Fang Hong would not have too many estimates. Everything is mainly about making money. As long as he is given a chance, he will eat both long and short.
After chatting about the business of the company, Tian Jiayi immediately said again: "By the way, since you said that the market will fall unilaterally starting tomorrow, will the stock I hold in Oriental Yuhong be affected?"
The stock held by the beautiful assistant has accumulated a profit of 2.4 times, and its market value has reached 9.2 million yuan. It will soon become a young rich woman worth tens of millions.
Fang Hong smiled and said, "Yes, let's sell it tomorrow."
This stock is also related to the real estate market, and the subsequent unilateral decline in the A-share market, in addition to the impact of stock index futures, has a lot to do with the country's economic transformation and the start to suppress real estate, because the real estate economy is The mainstay of the current economy, if it wants to transform, real estate must be intervened and regulated.
In the A-share market, real estate stocks are also among the top industry sectors in terms of market capitalization. Industry leaders such as Wantao have a market capitalization of 200 billion. Not surprisingly, real estate stocks will usher in a sharp drop next time. Even Wantao The stock price has been cut in half.
At the same time, real estate and the banking industry are connected, and the banking sector is the largest sector in the A-share market, so the sharp drop in these stocks is the core short-selling energy that drives the A-share index down.
Not surprisingly, Oriental Yuhong will usher in a continuous limit-down market after peaking in stages, with the stock price falling by more than 40 percentage points and approaching the half-cut line.
The position of this stock held by Fang Hong has already been cleared and run away in the past few days, and several other medium and long-term stocks have also gone away, and the remaining few continue to be held, and the cashed out funds are also planned to go to the stock market. Do stock index futures.
Qunxing Capital will not go short stock index futures, after all, it is a bit big, but Fang Hong's current personal capital will be divided into a part of the position.
After a while, Tian Jiayi smiled and said, "After buying it, what should I buy?"
Hearing this, Fang Hong said solemnly: "It depends on your performance tonight. If I am satisfied, I will reward you with a double share."
Tian Jiayi gave him a blank look, glanced around but didn't see anyone else, then turned to look at Fang Hong with a mysterious look, and whispered with a smile: "Then... play some romance? "
Fang Hong was curious and asked back: "Romantic?"
Tian Jiayi said coquettishly, "It's just that I'm going to slow down and you slow down..."
Um--?
Fang Hong stared at the beautiful assistant for a while without moving, and then he said with a smile: "Good guy, this contrasting attribute, just listening to it, makes people's nature go wild. You know the boss, and you can give your thoughts all the time." Understood."
Tian Jiayi got up from the lounge chair, came to Fang Hong and leaned slightly into his ear and whispered softly: "Master~, don't let him wait for a long time, otherwise, hum..."
At this moment, Fang Hong was also taken aback when he heard it on the spot: "Uh...?"
But the beautiful assistant took the document from his hand and put it back in the briefcase without waiting for him to react. She turned around and walked a few steps forward. She suddenly looked back and cast a charming look at Fang Hong before walking slowly towards the villa. .
Fang Hong came back to his senses, looked at the beautiful assistant again and said bluntly: "Tomorrow will open, directly Stud Desai battery!"
She is so good at it!
...
The next day, Friday, April 16, the last trading day of this week arrived as scheduled.
Fang Hong, who was walking towards the trading room on the second floor, was very satisfied, and said to himself: "The assistant can do it if there is something to do, and the assistant can do it if there is nothing to do. In short, it's over."
A night of romance, true and endless aftertaste, the beauty assistant also unlocked many new poses.
As the opening time is approaching, Fang Hong, who entered the trading room, also put away his thoughts and turned his attention to the market conditions. He is the only one in the trading room now, and Evelee and the others are not here. I told them yesterday There is no need for them to assist in the operation of the transaction.
Today is the day when the stock index futures are listed. Fang Hong already has a stock index futures account. Today's strategy is very simple. Just enter the CSI 300 stock index futures unilaterally.
The market value of his current personal account funds and institutional accounts has reached 8 billion, and his personal securities account has also reached 1.5 billion, a total of 9.5 billion. It is only a few days before the asset scale exceeds 10 billion.
The sharp drop in the market at the beginning of the new year did not affect the continuous profitability of his account.
It is still difficult to take a large position in the amount of funds for the CSI 300 valuation futures, because today is the first day of the CSI 300 futures index listing, and there are not many participating funds, and the main institutions have not yet entered the market, so there is no accident Fang Hong may be the biggest main force after the listing of stock index futures. The specific number of positions involved depends on the liquidity of the market to decide to add short orders.
The market opened at 9:30, the main contract opened at 3450 points, and the four major contracts opened higher across the board.
After the market opened, its trend went up to 3488 points. At this time, Fang Hong decisively listed 100 empty lots. The corresponding contract value of 1 lot was 1.046 million yuan, and the corresponding value of these 100 lots was 104.6 million yuan.
The maximum order quantity for each CSI 300 stock index futures limit order is 100 lots. Fang Hong has already reached the top limit to buy. In addition, unlike the A-share spot index T+1 transaction, stock index futures are T+0 transactions Mechanism, that is, trading operations can be repeated during intraday trading.
With the appearance of Fang Hong's 100 empty orders, the futures index dropped from 3488 points to 3469 points on the spot, and fell back by 0.54 percentage points from the high point, but quickly rebounded to 3485 points.
The small orders for opening positions on the disk are being traded rapidly, but they are all in single digits such as 1 lot, 3 lots, and 4 lots. Occasionally, there are orders of more than 10 lots, and there are short orders and long orders.
Fang Hong's 100 lot is the first largest empty order ever generated in the market.
But at this moment, when the futures index fell back and rebounded again, because of the T+0 trading mechanism, if someone made a few tenths of a percentage point, he would quickly stop the profit and close it.
But Fang Hong still calmly opened 100 lots again, and then opened 2 short orders in a row, both of which were 100 lots.
The futures index began to dive to 3426 points, and the drop from the high point reached -1.77%. The transaction prices of these three short orders were 3477, 3451 and 3429 respectively, and the corresponding contract values were 104.4 million, 103.5 million and 102.8 million .
At present, Fang Hong has held 400 empty orders, corresponding to a total contract value of about 400 million.
Still continue to open short positions, but next Fang Hong did not pursue short positions with hundreds of lots of hands, but lost a few numbers according to the fate and kept opening short positions, regardless of how the market's time-sharing fluctuates, and regardless of the price , It's empty, empty, or brainless!
The fluctuation on the board was directly ignored by him.
Other participating stock index futures players can be said to be as fierce as a tiger in a meal, various technical analysis, such as support, pressure, breakthrough of 5-minute K-line and 1-minute K-line... and then start high-frequency trading arbitrage.
In comparison, Fang Hong's operation can be described as a fool's transaction, just go in and finish the job, it is so simple and unpretentious, full of the heavy sense of epee without front, big ingenuity and incompetence.
To put it in human terms, it's just a brainless one-sided space to go in and it's over, it's just a lot of money!
However, other players have various technical analyzes and frequent buying and selling transactions. One important reason is that they are all leveraged, and they are all highly leveraged. The actual amount of leveraged funds may be ten times, twenty times or even fifty times. .
With a market volatility of 0.2%, 10 times leverage is magnified by 2%, and 50 times leverage is magnified by 10%.
Fang Hong didn't use leverage, because his amount of funds was already very large compared to the current scale of stock index futures. He opened hundreds of short orders and knocked out the range of 1.77 percentage points from the highest point of the futures index.
As time went by, Fang Hong continued to open short positions, and did not stop opening positions until the position of short orders reached 700 lots, corresponding to a contract value of about 700 million
...
