Extraordinary Genius

Chapter 1621: Bitter Wang Zhenhua

Even with Feng Yu and Soros' team pulling up crude oil prices at the same time, prices are constantly fluctuating and never rising in a straight line.

The ideal deal is to buy low, sell high. But it's just ideal, and no one can do that in short-term, fast fluctuations, not even with more convenient and faster electronic transactions.

Because you have no idea when suddenly there will be a big sale and when suddenly there will be a big buy. So at this point, there is a price to pay to ensure that the price of crude oil rises in fluctuations.

This would also attract more people, attract more money, and allow those funds to invest according to their intentions, at least to maintain that trend.

Some of these contracts will be lost, and they will pay for it.

Of course, these are not at all problematic compared to their profits. The question is whether the other party will follow the oral agreement.

For example, if Soros knew that the amount of investment on Feng Yu's side was so high, they would not have taken out this large sum of money, but would have bought it all. Anyway, Feng Yu was bound to pull up the price of crude oil.

Just like Feng Yu did during the Asian financial storm. Watching Soros lead some people, desperately selling them short, then Feng Yu followed and made money, and the profit margin exceeded Soros.

Fortunately, Feng Yu intends to fire long lines this time, so some minor fluctuations, Feng Yu is not worried. He waits for a price he thinks fit before closing all contracts.

According to the memory of Feng Yu in his previous life, the price of crude oil rose to nearly $150 barrels, nearly tripling. Even twice as much leverage can make them more than five times as profitable.

But theoretically there is still a big difference from the actual operation, especially since there is too much uncertainty about the futures, and once a message changes, the price can change.

And if the surge is too strong, it will inevitably trigger intervention by States. Crude oil-importing countries, such as the United States and Huaxia, will never sit idly by while crude oil surges, which is not in their national interest.

But it's in the interest of which investors, the bigger the price difference, the higher their profits. And the reverse dive in the price of crude oil in previous generations also has the shadow of some national funds.

The lower the price of crude oil, the more money they will save as large importers of crude oil.

There are, of course, many factors that have contributed to the rise in crude oil prices in previous generations, all of which are variables.

Moreover, futures contracts are generally time-limited, divided into one month, three months, one year, etc., and the contract is forcibly closed at a fixed time. Of course, you can also close it at this time, repurchase it, which is equivalent to transferring the position, and then expand the contract month.

And over time, if the price fluctuates a lot, you can't make that profit, so even if you're going to fire a long line, the profit is definitely not that high.

The price of crude oil went back to $55 barrels again, and Feng Yu's contract made a profit again. Of course, the better news is that that part of Kirilenko's contract can also be settled, the principal money has been recovered, and the profits earned are owned by Feng Yu.

……

Wang Zhenhua, a financial broker in Xiangjiang, benefited from the good global economic situation for two years. He helped clients invest money and made a lot of money.

But he had a dream that he would be able to access the world's leading investment institutions, such as Storm Consulting, not only to improve his skills, but also to make more money.

Who doesn't know the storm counseling agent, a high commission scares the hell out of him, and the year-end prize makes a lot of people's jealous eyes red.

Wind and rain counselling has been recruiting new brokers as the funds have grown and some have earned enough money to opt out of retirement.

Wang Zhenhua went for an interview, but was brushed down during the simulation operation. The interviewer's comment to him was that greed, analysis of the situation theory was weak and easily caused great losses to the client.

Wang Zhenhua was very uncomfortable, but when he submitted his resume again, the wind and rain consultation did not even give him an interview.

He could only join a small brokerage firm and invest in financial management for some small clients. Over the past two years, his bold manoeuvres have allowed him to make a lot of money for his clients, and he is now a gold medal broker for this brokerage firm.

And the way he invested was to gather information on various exchanges and follow windy investment agencies, especially wind and rain advice.

The other day he saw wind and rain consulting constantly buying and selling crude oil futures contracts, and made him realize that crude oil futures could have to undergo major price changes, which represented substantial profits.

After that, it was released on TV. He Zhaoji, the general manager of the wind and rain consultation, was a guest of the financial program, saying that the price of crude oil would rise.

But at this time, Wang Zhenhua didn't buy it. He was afraid that this was fake news. The financial experts on TV often do this. His former master, too, said fake news in the newspaper to make a profit.

But he followed closely, Fu Rongqi, Professor Liang and others also did the show, also predicting the price of crude oil will rise, so he was really determined to buy crude oil price increase.

By that time, the price of crude oil futures had risen to $54 barrels.

But that's it, let Wang Zhenhua think that the price of crude oil futures will keep rising, the rhythm has been brought up, there will be more people like him, buy crude oil futures contracts, push the price to keep rising.

Since it's definitely going to go up, it's better to make more money while you can.

So Wang Zhenhua, through the company, used twenty times the leverage, that is, paid only five percent of the guarantee deposit to buy the contract.

The next day, the price of crude oil rose by a dollar, Wang Zhenhua Daxi, sure bet correctly.

Though it was only about a dollar higher, he was a twenty times leveraged operation, which is equivalent to a twenty dollar increase. In one day, he helped his customers make one-third of their profits!

And so there were other well-known clients who chose to give him the money to do it.

But this time, when he just bought the contract, he noticed that the price of crude oil began to fall, from 55 dollars to 53 dollars, which made Wang Zhenhua chill.

After another day, crude oil prices continued to fall, and he immediately called the customer asking for an additional margin, but the customer didn't have any money.

Many of the clients that the broker handles are basically ignorant of this, all they know is to give the money to the broker, then let the broker operate it, make money, then split some commission to the broker.

They don't understand. They just dropped a few dollars. How could they lose the principal? What do you mean, forced closing? I already gave you all the money. Why do I have to give it to you?

Wang Zhenhua fell on his chair, he was finished, he rushed in because of greed and lost clean.

Conspiracy, this must be a rainstorm counseling conspiracy, they are nominally buzzing, in fact the operation is short selling, he must have been fooled!

After two days, the price of crude oil futures rose again, but Wang Zhenhua no longer had the money to operate. In order to escape the investors, he went to his friends' house in the countryside to hide.

Saw the price of crude oil rise on TV and his mouth was bitter.

……