Rebirth I can see the success rate

Chapter 79 Miscalculation

"Lin Chen, why didn't I find out before that you actually like to be so pitiful?" Tang Xin stood up and said no good.

"That's probably because we rarely communicated before, right?" Lin Chen said with a smile.

Tang Xin shook his head and bent down again: "You have to listen carefully this time!"

"Don't worry, I'm listening attentively!" Lin Chen nodded, but his eyes still floated unavoidably.

Fortunately, he immediately took a deep breath and let go of distracting thoughts.

In fact, Tang Xin's explanation is basically one content in the final analysis. Because of the high risk of futures, she does not recommend Lin Chen to invest in products that will fluctuate sharply.

Futures are not the same as stocks. In addition to market fluctuations, there are many unexpected situations. For example, when manipulating, the price of futures may fluctuate drastically within a few seconds. If there is no timely response , It is very likely that the position will be liquidated directly.

So during the actual operation for a while, Tang Xin also strongly demanded that Lin Chen let her do the trade, Lin Chen only needed to make a decision.

Although Tang Xin didn't have much experience in trading futures, at least she was more knowledgeable than Lin Chen.

"Okay, that's about it, then how much do you plan to invest in, and from which variety?" After explaining again, Tang Xin asked with his arms akimbo.

Lin Chen touched his chin and said a number first.

"Two hundred million... well, I know you are worried that the risk is too great, then one hundred million. Even if you lose, you don't feel distressed."

As for the margin, Lin Chen chose the highest leverage, which is 5% margin and 20 times the leverage.

Because he had made concessions before, Tang Xin had to agree to make concessions this time.

Next, is to consider which variety to buy.

The probability that the July soybean futures will rise today is...100%

The probability of a rise of more than 5% is...0%

Lin Chen just calculated the several futures varieties recommended by Tang Xin on the screen.

But he didn't know, just when he was busy calculating the probability of futures, in an office not far from them.

A figure picked up the phone: "Hello? Shao Wu! Yes, that kid is ready to invest in the futures market. I took a look. He invested 100 million, 5% of the margin, but he still has 100 million in his account. spare."

"Okay, I understand. As soon as he moves, I will contact you immediately."

"Where and where, it is my honor to be able to serve Wu Shao, ok, goodbye..."

...

"Tang Xin, let's buy January iron ore. A 100 million full warehouse buys January iron ore at a price of 750."

After repeated calculations, Lin Chen had finally calculated all the futures by this time.

The choices Tang Xin gave him were the same as her own analysis. They were relatively stable varieties with little fluctuation, but under the influence of leverage, even a 1% increase would actually be equivalent under a leverage of 20 times. With a 20% increase, the income is already okay.

After repeated calculations, Lin Chen decided to start practicing with the iron ore in January, which had the highest increase.

After a few transactions, he will try to get Tang Xin to start investing in more volatile futures products.

The January iron ore here refers to the iron ore contract that expires in January.

The current price of the iron ore contract is 757 one ton, and the minimum transaction unit is 100 tons per lot.

Lin Chen's 100 million yuan, if you look at the price, you can buy almost 100,000 lots.

However, because Lin Chen can leverage twenty times the leverage, in fact, the iron ore futures he really bought was 2 million lots, close to 2 billion iron ore futures!

According to Lin Chen's calculations, the price of 750 a ton of iron ore in January today will have a 6% increase, which for him is almost a 120% gain.

Tsk tusk tusk... this speed is not worse than gambling.

No wonder some people say that the futures market is actually a casino, and it is also a large legal and compliant casino.

Tang Xin was stunned when he heard Lin Chen's instructions.

"Lin Chen, do you want to buy a full position in the first transaction? This is too risky."

"It's okay, don't I still have 100 million spares? Tang Xin, you should deal with it quickly, or it will rise!" Lin Chen looked at the iron ore price index and patted Tang Xin on the shoulder in a hurry.

Just as they were talking, the price of iron ore in January had dropped to 752 tons.

Tang Xin sighed, still operating for Lin Chen.

Let's take a look first, anyway, the futures trading of iron ore is not very active, and the rise and fall should not be large.Tang Xin thought.

Soon, Lin Chen's 100 million yuan was invested in the iron ore futures market.

After Tang Xin finished the operation, the two of them sat in front of the computer, watching the market changes closely.

But compared to Lin Chen, Tang Xin seemed more nervous, because this was the first time she had manipulated futures, and it came up with a large amount of 100 million, so she couldn't help being nervous.

However, it seemed that God was going to make a joke with them.

After Tang Xin bought it at a price of 750 one ton, the price of iron ore remained at 750 for about ten minutes in January, and suddenly began to fall!

"Oh! No, I fell!" Tang Xin screamed.

Lin Chen hurriedly comforted her: "It's okay, just a little..."

"How can this be a bit? It's already 1%!"

Lin Chen heard Tang Xin's words and couldn't help but glance at the account and saw the green and oily loss amount on it. Even if he was mentally prepared, he couldn't help feeling that his heartbeat seemed to be speeding up.

With his 5% margin, as long as the market volatility exceeds 5%, he will be forcibly liquidated by the securities company, and he will lose his money by then.

Tang Xin was more nervous than Lin Chen, and tightly grasped Lin Chen's hand.

Fortunately, at this time, the peaks turned, and the price of iron ore jumped back to 750.

This time, the price of iron ore did not stay at 750 for long, and it immediately began to rise. The rate of increase was still very fast, reaching the price of 765 a ton in a short time.

"It's up! It's up!" Tang Xin's eyes lit up, and he said excitedly: "Lin Chen, with a 2% increase, if you magnify it by 20 times, your principal has already earned 40 million!"

But within ten minutes, Lin Chen had already earned 40 million.

His eyes lit up, and he only felt that the futures were really exciting, much more fun than stocks.

"Lin Chen, 40% of the income is okay, let's quickly sell the bag for safety, right?"

"No hurry." Lin Chen patted Tang Xin's hand, "I think this wave may rush above 790. Let's wait."

Tang Xin didn't know where Lin Chen's confidence came from, but at this time, she decided to believe in Lin Chen, because Tang Xin felt a sense of confidence from Lin Chen's hands.

In the next period of time, the price of iron ore fluctuated and fluctuated, but the overall trend was rising, and it was approaching the 790 mark.

However, at this moment, the price of iron ore suddenly fell all the way, from 789 all the way to 780, and then continued to fall towards 770.

"How is this going?"

Lin Chen was a little confused, because the situation in front of him was not within his calculations!