Chapter 41: Drink some soup

A week later, on March 3, the international crude oil futures price broke through $12 a barrel, once again breaking the historical record.

However, when everyone was generally bullish on the international crude oil futures trading price, Yang Hai decisively closed his position and shorted the international crude oil futures price again, still holding 5 lots.

At the same time, he also ordered the company's futures traders to close their positions and switch to short selling.

Huang Fulin, the futures trader and manager of the securities investment department, was a little confused about this, but it was the boss's order and they could only carry it out.

"Do you think the boss's operation this time will be correct? I don't quite understand it. Is it true that the international crude oil futures trading price will suddenly fall again?" said a futures trader.

"Yes! The bulls seem to be in great momentum, and the bears have no room to resist. Within a week, the international crude oil futures trading price has risen by more than seven dollars."

Another futures trader was also a little skeptical that the boss's command this time might be a failure.

At this time, Huang Fulin came over and said to the two futures traders: "I don't care what you think in your heart? But you must execute the boss's orders without hesitation."

"If you don't follow the boss's instructions, you will get a good bonus if you make money, but if you cause any losses, you won't be able to take responsibility."

"Manager, we are just discussing this. If the boss gives us instructions, we will definitely follow them! We dare not act on our own. We can only win, not lose!"

"Right, right, right! We are just discussing it privately. We will definitely not disobey the boss's orders. If the boss says to go long, we go long. If the boss says to close a position, we close a position. If the boss says to go short, we go short."

The two futures traders said with a smile.

Although this month is less than halfway through, the performance is very good. There will definitely be bonuses at the end of the month, and the traders are all very happy.

They are only responsible for trading. How to trade? Is it long or short? When to close the position? These are all things that the boss needs to consider. They only need to follow the boss's instructions and operate.

In the end, is it a profit or a loss? It has little to do with them. If the boss makes a profit, they can also get a lot of bonuses. If the boss loses, it has nothing to do with them and they don’t need to bear any responsibility.

At most there will be no bonus, but they will still receive no less basic salary and various benefits.

At this time, Yang Hai was reaping a lot of happiness. After a week of operations, the international crude oil futures price soared from more than US$97 a barrel to more than US$110 a barrel, allowing him to earn a difference of US$13 a barrel.

He held a total of 5000 lots, or million barrels of crude oil, which earned him more than million US dollars.

It's so easy to make money. It's so exciting. The reborn are really invincible! It's so easy to make money.

With the memories before rebirth, what else do I need a cheat code? What else do I need a system for? What else do I need a white-bearded grandfather for?

Just relying on the memories before rebirth, one can already make a lot of money, and will never be poor in this life.

Yang Hai decisively withdrew 15 million US dollars to his Hong Kong bank account. At this point, his deposits in his Hong Kong bank account had reached billion US dollars.

No matter what time, it is better to be careful. Don't keep too much cash in the futures account. One hundred million US dollars is more than enough.

For the sake of safety, Yang Hai controlled his desire to hold a maximum of 5 international crude oil futures contracts. If he directly operated hundreds of thousands of international crude oil futures contracts, the risk would be too great, mainly because he was worried that it would affect the historical trend.

5 lots may be a bit too much for an individual, but it is not too much for the entire international crude oil futures market. The number of crude oil futures contracts traded in the international crude oil futures market every day is, if not too many, at least tens of millions. The number of international crude oil futures contracts held by international speculators alone is as high as more than 300 million lots.

Just 50,000 hands will not make any waves and will have little impact on the market.

Yang Hai was just following behind these investment banks and taking advantage of a loophole. They ate the meat, and Yang Hai drank some soup. It was that simple.

In order to raise the trading price of international crude oil futures, these speculators hype it up in the news media every day.

The reason for the surge in international crude oil futures prices this time is that these international crude oil futures speculators are advocating that the US dollar is depreciating at an accelerated rate. In order to avoid the risk of US dollar depreciation, investors are transferring funds to commodities such as oil, so the international crude oil futures trading prices have skyrocketed.

At the beginning of the year, when the international crude oil futures trading price exceeded $100 a barrel, these international crude oil futures speculators said that the unstable domestic situation in Nigeria in Africa affected the country's oil production.

If the price surges again next time and breaks through $120 a barrel, they will find other reasons.

After every sharp rise, there will definitely be a sharp fall. Only in this way can they wield their sickles and harvest those green leeks.

These speculators are simply taking advantage of their financial advantages because they have a large amount of capital to back them up.

However, they certainly could not have imagined that a reborn person would come to disrupt the situation and snatch a large amount of US dollars from them.

Because before these international investment banks and hedge fund speculators waved their sickles and prepared to harvest leeks, Yang Hai had already taken a step ahead of them and sold all of his 5 international crude oil futures contracts.

By the time they took action, Yang Hai had already escaped and turned to short selling.

Not long after Yang Hai closed his position, the international crude oil futures trading price began to fall, and finally closed at US$106.27 a barrel at the close.

"Fuck! Someone actually took action before us. Who is it that didn't keep the promise?"

In an office in a skyscraper in Manhattan, USA, a white man with blond hair said angrily and smashed a piece of glass on the desk with one punch.

"Mr. President, this should just be a coincidence. Some retail investors may be more cautious in their operations and saw that they had made too much profit, so they got out early." The assistant at the side quickly advised.

"It doesn't have much impact on us, so you don't have to be so angry. What should we do next?"

"What can we do now? After the next market opens, we have to quickly push up the price, or at least stabilize it. It's falling too fast, scaring away all the retail investors. We're not making any money at all." said the blond white man.

"At least tomorrow and the day after tomorrow, we must keep the trading price of international crude oil futures above $107 a barrel."

"Only in this way can we attract a large number of retail investors, and then we can smoothly ship and deliver the contracts we have."

……

The next day, after the market opened, the international crude oil futures trading price indeed rose again, reaching a price of more than US$107 per barrel.

After that, there was a slight fluctuation, but the price always remained above US$107 a barrel. A large number of retail investors began to judge that there might be another big rise. The fall from the high yesterday was just a technical adjustment.

After one day passed, on the third day, the international crude oil futures trading price remained stable at a high level of more than US$107 a barrel. This gave many retail investors great confidence, and they began to enter the market and go long.

This is also the time when major international speculators begin to sell their stocks.

These leeks don’t know yet that the big international speculators are about to start waving their sickles to harvest them.

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(End of this chapter)