Two hundred and ten chapters go their own way
In Mingzhu Holdings' self-operated trading department, the soft and moist sound of the keyboard is like a waterfall rushing, giving people a very comfortable feeling.
Five traders, including Shirley, are constantly placing orders.
"American International Group bought 300,000 shares at $5.32, and New York Life Insurance bought 240,000 shares at $3.84..." Kath's pretty face was rosy, and she quoted while trading. Although she tried her best to calm her emotions, there was still an unconcealed excitement in her tone.
"The futures index is 1,490 points, close 10,000 buying contracts." After Evan traded for futures index closed, the huge amount of funds began to surge back to the books of Mingzhu Holdings' funds.
"Futures Index. Points, set aside 3,548 contracts for buying positions." As Shirley made a quotation, she could no longer suppress her excitement and joy in her heart, and her whole body was filled with a bright and moving atmosphere.
Seeing that the company's long positions in the futures index were close to the end, and the large amount of funds kept flowing back, Evan and his men were naturally excited. The huge profits of buying 590,000 futures indexes were still impacting everyone's minds until this time.
Just before that, Evan and others didn't even dare to think about it. Such crazy operations and huge profits would be realized in their own hands.
Although Mingzhu Holdings had few long positions left in the futures index at this time, Evans and others were still cautiously maintaining the stability of the stock index. A small number of futures index closed and returned funds were ordered to be thrown into the Dow Jones real-time trading, entering the insurance sector stocks that have been almost abandoned in the past three months.
"Kath, the idea of getting involved in the insurance sector is very good." Chen Hongtao did not do business, but sat at the small round table of the trading department drinking coffee leisurely, praising the girl in a red gauze dress.
"As a research analyst in the insurance industry, I am still optimistic about the insurance sector." Although there was no time to explain in detail, Kath was still confident in speaking to Chen Hongtao during the trading process.
Chen Hongtao had a bright smile on his face, and he looked at the Dow Jones real-time trend on the electronic screen directly in front of the trading department. It was difficult to see his true thoughts.
Just before, when Mingzhu Holdings closed its futures index positions, Kath proposed the idea of letting Mingzhu Holdings intervene in the Dow Jones in real-time insurance stock sector to stabilize the Dow Jones in real-time surge and fall, forming a sector rotation in the bull market and alternate pull-up effect.
Although Evans and others have reserved Keith's proposal, it seems that Mingzhu Holdings' intervention in the Dow Jones real-time insurance sector has indeed produced very good results, which not only stabilized the Dow Jones real-time decline, but also made Mingzhu Holdings' closing positions in the futures index very smoothly.
However, just when Kath was excited, she didn't know that Chen Hongtao chose to intervene in the insurance sector she knew, not for Mingzhu Holdings to leave its positions in the futures index smoothly.
For Mingzhu Holdings, which has huge speculative profits on the futures index at this time, there is no need to stabilize the market. If you choose to forcefully close positions on the futures index, a huge closing of positions will hurt market sentiment and cause the market to fluctuate downward, it is impossible for Mingzhu Holdings to have a chance to short the market backhand.
The Dow Jones Industrial Average Index has stabilized by intervening in the insurance sector, but in a market without wide fluctuations, it means that Mingzhu Holdings' short-term futures speculation is difficult to have good profit margins.
It can be said that keeping the Dow Jones real-time market stable is not Chen Hongtao's goal. What he values is the good future growth of the insurance sector in the Dow Jones real-time market, and allowing Mingzhu Holdings to gradually accumulate local control over the Dow Jones market.
Chen Hongtao knew very well that if Mingzhu Holdings does not have the actual ability to control the market, it will definitely not be a long-term event to enter the market to conduct a large number of futures trading in the future.
With the rapid increase in the amount of funds of Mingzhu Holdings, the trading risks for financial derivatives will also increase significantly. If there is no means to control the local trend of the short-term market, the trading risks of financial leverage will be self-evident.
The current involvement in a number of insurance giant stocks that have been dormant in the Dow Jones real-time trading for nearly three months is a good opportunity for Mingzhu Holdings to increase its foundation in the Dow Jones real-time trading.
"Boss, someone is competing with us for goods. The entire insurance stock sector has risen under the promotion of funds. Do you still want to continue buying goods?" Just as the entire Mingzhu Holdings trading department was filled with excitement, Kath suddenly turned back and looked at Chen Hongtao.
"In the past three months, the insurance sector has been affected by industry negative factors and diverged from the Dow Jones Industrial Average. Even if we don't enter the market, the entire insurance sector will still have requirements for making up for the rise, not to mention that we cannot control the investment decisions of other institutions. Although they will go, while the entire insurance sector is still at a relatively low level, continue to buy goods." Chen Hongtao said to Kath with a smile.
"The insurance companies involved in our Pearl Holdings are mainly distributed in American International Group, HP, Metropolitan Life, Allstate, Prudential Finance, New York Life, Hartford Financial Services, and Massachusetts Life. Although these stocks also have incremental funds entering the market to grab goods, they seem to be aware that we are continuing to operate, and the funds in various aspects are not rapidly appearing, and they have formed a balance of power with us. Other insurance stocks have been first entered by some foresight institutions. Among them, the American Teachers' Retirement Foundation, St. Paul Traveler Insurance has the largest increase, and the amplitude has exceeded 8." Cath said in the process of buying insurance stocks.
"Don't worry about the leading effect caused by other institutions. Our Mingzhu Holdings will not intervene in the insurance sector this time. The overall position of these insurance stocks I arranged will reach 400 million US dollars and can be stopped." Chen Hongtao smiled indifferently, and was not affected by the changes in the market.
"All 590,000 futures trading positions closed..." As Shirley put out the last 20,000 closing order for Mingzhu Holdings on the futures trading, except for Kath, Evan and others stopped trading and began to enter the tense profit accounting.
Within two minutes, the profits of all positions were verified. Feeling the eyes of Evan and others looking at him, the old man Wei Dongyuan's face turned slightly red. After nodding, he said excitedly: "The average cost of our 590,000 futures contracts is . Points, and the cost of closing positions is . Points, and the profit margin of each futures contract is 46.93 points, and the total profit closed by all positions is as much as 692.21 million US dollars!"
Just as the old man reported the profit, everyone could no longer hide their excitement and cheered.
Based on the principal of 1.265.3 million US dollars, more than 690 million were recorded in just one morning. This large amount of capital entering the market with a profit scale of more than 50 is indeed worthy of everyone's cheers.
Even in his past hedge funds, Evan and Kath, had never had such a brilliant record in their financial life.
Before this, Evan and others had never expected that the next day they came to this seemingly weak offshore company to apply for a job, Mingzhu Holdings fought such a critical and beautiful battle in the Dow Jones futures contract.
If Mingzhu Holdings is still continuously intervening in the Dow Jones real-time insurance sector at this time, the funds on Mingzhu Holdings' books have even surged to more than 1.957.5 million US dollars. Such huge cash flow, even at the bottom of New York financial institutions, where world capital giants gather, Mingzhu Holdings has the foundation to squeeze in a place.
"Okay, accelerate the operation funds to intervene in insurance stocks. Our goal today has not been completed yet. Don't be too happy too early." Chen Hongtao's deep voice promptly gave the excitement in Mingzhu Holdings' trading department, and the excitement atmosphere cooled down.
With the hustle and bustle, Evan even dragged the roller chair and made a slide, came to the computer, and began to help Kes buy stocks.
Meghan and Wei Dongyuan, who had freed up their hands, were not willing to be lonely, and quickly typing on the keyboard to keep placing orders.
"Continue to speed up, ignore the short-term gains of the insurance stocks we entered. What I want is to try to grab more goods at a relatively low level in the medium term." Hearing the keyboard sound of placing an order too soothing, Chen Hongtao seemed not satisfied, and spoke loudly to Evan and the others and reminded him.
As soon as Chen Hongtao's voice fell, the entire trading rhythm of Mingzhu Holdings changed. The soft keyboard typing almost instantly turned into a storm. A series of large-scale purchases of insurance stocks burst out in the hands of Evans and others and began to enter the market to buy goods.
Only in this kind of full-scale operation can the true level of elite traders be reflected, fast without being messy, and the stock price of the entire insurance sector seems to have entered the rhythm of Mingzhu Holdings. In the eyes of outsiders, the rise of this sector is like a delicate rise like a bulldozer.
Driven by the trading rhythm of Evan, Kath and Meghan, even Mr. Wei and Shirley began to enter the state, and the operation became much faster and smoother.
"The funds invested in the insurance sector are close to 400 million, are you lucky to continue entering the market?" Within four minutes, Kath began to ask Chen Hongtao.
"Stop when it reaches 400 million. Have you heard of the saying that you have to walk your own way and leave others with no way?" Chen Hongtao smiled and rarely joked with Cath and the others.
When he heard Chen Hongtao's statement, it was not only Fang Meiru, but even Shirley and the others couldn't help but smile.
"Boss, the real market of the Dow Jones seems to have changed..." After the joy, Mr. Wei hesitated to remind Chen Hongtao at the first time.
Even Mr. Wei didn't say it, Chen Hongtao could see that after the Dow Jones was volatile and consolidated, it had begun to rise again under the promotion of insurance and many sectors. The signs of intraday sector rotation were very obvious. Whether it was the real index or the futures index point of the Chicago Futures Exchange, it had already crossed the futures index closing point of Mingzhu Holdings.
It can be said that if Mingzhu Holdings does not fully close long positions on the futures index, the rise in the index contract points and the Dow Jones real-time trading during this period will also continue to expand its profit scale.
The first update is here. Thank you to the book friend Taitu for the reward of Qidian coins and the 588 Qidian coins from Zuixiao Maitreya. There will be updates in the afternoon. (..)
Chapter completed!