Chapter 362 [U.S. stock market flash crash day]
After the exercise is completed, Sarao officially starts the transaction.
As time passed, he piled up the sell orders to twice the original amount, making the total value of the malicious false short orders reach 200 million US dollars. He continued to operate the trading account like a machine without emotion, Shuttle in a small transaction.
Two hours passed in a blink of an eye, and Sarao traded more than 62,000 orders in these two hours, with a total transaction volume of more than 3.4 billion US dollars.
If the market rebounds, he will blow up his position in an instant!
But Sarao has the assistance of the program. He has been in control of everything, seemingly dangerous but actually as stable as a dog.
Soon, he made a profit of nearly 1 million US dollars from his profit today.
As time went on, around 7:40 p.m. London time, around 13:40 p.m. EST, Sarao's mother called him out for dinner.
He turned off the computer and ended today's transaction.
go to eat.
However, his large number of false short orders has activated panic in the market. Just one minute after Sarao turned off the computer, the S\u0026P 500 index began to dive straight down and crashed, falling -5% within 4 minutes. At the same time, Individual stocks also began to plummet.
Sarao himself did not expect that the market would usher in a catastrophic flash crash in the coming time, let alone that he would bring the rhythm and become the person who toppled the first domino.
At 14:32 p.m. Eastern time in North America, without warning and without much bad news in the market, the three major U.S. stock indexes, the S\u0026P 500 Index, the Nasdaq Index, and the Dow Jones Index, suddenly plummeted collectively.
...
At the same time, Jingxin lived in the villa.
It is already late at night, Fang Hong is not sleeping, but is staring at the outer market of Yepan. He is currently in Tian Jiayi's bedroom, and he will spend the night in the beautiful assistant's room tonight.
Fang Hong was leaning against the head of the bed, with a laptop on his lap, which displayed the time-sharing charts of the three major North American indexes.
"It... really crashed!!" The beautiful assistant lying in his arms looked at the computer in shock, and the three major stock indexes suddenly crashed collectively at around 2:30 p.m. Eastern time.
Among them, the Dow Jones Index, which was the first to collapse, also fell the fastest, dropping 998 points within five minutes, which also created a new historical record, creating the largest intraday drop in the history of the Dow Jones Index in 114 years.
In just five minutes, a trillion dollars evaporated from the market.
Tian Jiayi looked up at Fang Hong and found that he was extremely calm. The flash crash of the market did not cause any mood swings to him, as if it should be like this.
If in the eyes of Sarao's former colleagues, he is the god of trading "e-mini", then Fang Hong at this moment is the god of the market in the eyes of the beautiful assistant.
Without personally participating in the actual trading, you can strategize and win the U.S. stock market thousands of miles away.
When the beautiful assistant at the moment looked at Fang Hong, her eyes were full of admiration. Although she was two or three years older than him, it did not prevent Tian Jiayi from admiring her.
Speaking of which, during this period of time, the A-share market fell unilaterally, but the stock of Desai Battery went against the market.
In the three trading days since the return from the festival, Desai Battery has gone out of three big positive lines, and the stock price has hit a record high. The three big positive lines have a daily limit of +9.99%, +7.41% and +7.59%, respectively. On Friday, I bought this stock according to what Fang Hong said, and the direct 9.2 million yuan full position was monotonous. So far, I have gained +64% yield, and I have made a profit of 5.88 million yuan.
Her current net worth has soared to about 15 million, a proper multi-millionaire woman, and her wealth is free.
Tian Jiayi hasn't sold it yet, because Fang Hong said that after buying it, he will wait until it doubles.
With the degree of admiration of Fang Hong, the beautiful assistant, Tian Jiayi would not have any doubts if he said that the vote would be doubled.
...
At the same time, at the Stars Capital headquarters, a group of traders and traders in charge of operating the peripheral market were also shocked at the moment.
Starting at 14:32 pm Eastern Time, in just 13 minutes, the three major indexes blew up and crashed, and more than 75,000 short orders appeared in the market out of thin air. No one knew what happened.
No one knew who was selling, and everyone was in a daze.
At this moment, a trader in the trading floor suddenly couldn't help but shouted in a trembling voice in shock: "My God~, Accenture collapsed! Accenture collapsed!!!"
Accenture, a leading global professional services firm that provides a broad range of services in strategy and consulting, engagement, technology and operations, with digital capabilities across all of these services, closed yesterday at $42.17 per share, with a market capitalization of 300 billions of dollars or so on the plate.
But at this moment, the company's stock price plummeted from a price of $40 to only $0.01, from $40 to a price of 1 cent almost instantly, an intraday drop of -99.97%, and a market value of $30 billion Just evaporated.
The long funds inside exploded in place!
Without even reacting, the money in the account was harvested and taken away...
Immediately afterwards, another trader yelled: "Procter \u0026 Gamble collapsed, P\u0026G collapsed, $62.16 collapsed to $39.37, plummeted -36.66%!"
Procter \u0026 Gamble’s plate is much larger than that of Accenture. Before the flash crash, the market value was still 170 billion U.S. dollars, but at this moment, there are only about 100 billion U.S. dollars left, and more than 65 billion U.S. dollars have evaporated, which is equivalent to two Accentures.
Just as the trader's voice fell, a trader next to him sent another "good news". For Qunxing Capital, the flash crash of the U.S. stock market was good news.
"Apple's stock price also collapsed, falling below $200, an intraday drop of -22.16%!"
"The stock price of 3M also crashed, from $86.59 to $67.98, a drop of -21.49%!"
"Exxon Mobil Oil Plummets -11%!"
"Johnson \u0026 Johnson plummeted -7.76%!"
"Disney plummeted -12.22%!"
"Cisco plunged -12.41%!"
"Nike plummeted -10.93%!"
"Oracle plummeted -10.92%!"
"Mersk plunged -13.77%!"
"Bank of Magnesia plunged -11.46%!"
"MasterCard plummeted -11.27%!"
"Visa plummeted -12.72%!"
"Chevron plummeted -10.74%!"
...
In the trading hall, the traders kept shouting that this scene can be called "good news", because the sudden collapse of these tickets means that Qunxing Capital has made a lot of money.
"Has the position been closed? Have you opened a long position? Strictly follow the strategy above!" The trader roared excitedly, his palms and forehead were sweating wildly, he had never experienced such an exciting scene, and even more so I have never traded such extreme market conditions.
If you step on the right rhythm, you will gain blood and win numbness, but if you step on the wrong rhythm, the poles will be reversed, which is definitely cardiopulmonary arrest.
For example, Accenture's target, the market value of 30 billion US dollars evaporated, and the stock price collapsed from 40 US dollars to 1 cent. It is not an exaggeration to say that the money was harvested without any reaction, and the account was cleared.
"The flat is closed, and the long order is also opened!"
The trader who was in charge of commanding the audience was secretly relieved when he heard this report. He looked at the guidance strategy of the U disk data again, and his heart was even more shocked.
Because the market situation is almost exactly the same as the data guidance strategy in the U disk, it is not an exaggeration to say that the script was obtained in advance.
Due to factors of regional time difference and network transmission delay, at the physical level Qunxing Capital has a disadvantage in the game of trading.
But because it was executed in full accordance with Fang Hong's strategy, it was tantamount to predicting the amount in advance, and the problem of delay was not a problem. Everyone present at the moment was shocked. Strategize.
It is simply a divine prediction!
It sounds slow, but it actually happened in a short period of time. At the same time, the situation on the disk has already exploded with the panic index, and the panic is spreading rapidly. From Frankfurt to Tokyo, the global financial market is in chaos.
Major major markets such as the stock market, foreign exchange market, bond market, and futures market have all fallen into short-term violent fluctuations.
Oil prices also started to skyrocket, as if the end of the world was imminent.
...
