"Load a large number of short orders and drive it down." At this point, Lin Yun gave the order.
At this crucial point, a large number of short orders could push the price down, possibly becoming the straw that breaks the cal's back, sparking market panic.
"Boom—"
Following Lin Yun's command, nurous traders executed the orders, causing a sharp decline in the price of gold.
"Rumble—"
Just as Lin Yun expected, hitting this price point caused a panic in the market. A rapid series of short orders appeared, driving the gold price down hastily.
"Hiss—"
Seeing this, Lin Yun's traders gasped in surprise.
They hadn't anticipated the dramatic impact of their substantial orders.
At this point, out of ninety million US dollars, they had already spent fifty million US dollars and continued to push the price down.
"Stop! Get ready for a large number of short orders, wait for my command!" Lin Yun ordered.
The traders instantly ceased their operations.
Gold prices continued to decline rapidly.
As it fell to a certain price point, the rate of decrease began to slow.
"Strike!" Lin Yun commanded.
"Boom—"
Like the proverbial last straw, the price of gold once again experienced an avalanche, dropping rapidly.
The scale of this fall was even greater than before.
Within monts, from when they started shorting, the gold price had already dropped 3.5 percent.
Futures co with leverage. All of Lin Yun's futures accounts were operating with ten tis leverage. A 3.5 percent drop ant a 35 percent gain on the capital they had initially shorted. Even though it had only been a matter of minutes, the profits were incredibly substantial.
However, part of the money they had shorted was used during the price decline, and a portion remained unused, so the actual profits were not as high, but they were still substantial.
"Close all positions! Put all funds into a long position!"
At this point, they had spent more than seventy million out of the initial ninety million US dollars, and Lin Yun decisively gave the order.
"Yes, boss!"
Watching their account balance soar gave the traders a thrill. Though the price of gold was still dropping rapidly, they didn't hesitate for a mont but instead, imdiately obeyed Lin Yun's command.
Through experience, they knew that Lin Yun's decisions were never wrong.
The futures market is like a battlefield where a single second could change the outco, so they couldn't afford to hesitate.
"Boom—boom—"
As they placed order after order to buy, the plumting prices of gold imdiately halted.
Just before, they had shorted over seventy million US dollars, making a profit of twenty million.
Now with a total of 110 million dollars in capital, going long had a trendous impact.
When Lin Yun said to go long, they went long. In just three or four seconds, they had placed all their orders.
"Boom—"
Just a few seconds after they placed their long orders, nurous other long orders ca in simultaneously. The slightly rising gold prices skyrocketed.
In the blink of an eye, not only had the price returned to its original point, it had also risen 2 percent above it, creating a shocking turnaround.
This price was 5.5 percent higher than the price point where they had shorted.
"Heavens!"
Seeing this, the traders were astounded.
It was just a matter of a few seconds.
If their closing and opening of the long position happened just two or three seconds later, the outco could have been different. Rather than making a profit, they might have ended up with losses of at least twenty million from their initial ninety million US dollars.
As it was… their account balance now sat at over 160 million US dollars.
In just a few minutes, their funds had increased from ninety million US dollars to over 160 million US dollars. This was the allure of the futures market.
"Close out positions!"
At that mont, Lin Yun gave the tily order.
The traders didn't hesitate, they imdiately began to act.
At that mont, a large number of traders were going long, just as they were closing out positions, with a single click. It all happened within a second.
Over 160 million dollars were safely pocketed.
The traders' excitent was through the roof.
In just a few minutes, they had nearly doubled their funds!
In the futures market, making twice the investnt within minutes was not unheard of!
But if the investnt was 90 million dollars, or more than 500 million Huaxia Currency, that would indeed be a miracle!
They had just created such a miracle!
Watching all this, Lin Yun was slightly frowning.
The allure of the futures market was undoubtedly huge. They had just used a ten-fold leverage. Many people in the futures market reportedly used leverage greater than twenty-fold. If they had used such high leverage just now, their profits would have been even more scary.
However, this market was beyond his expectations and not as simple as he originally thought.
The main issue was that he didn't have enough funds.
The daily trading volu of gold futures was enormous, and over 160 million dollars hardly made any waves.
Where there were people, there were power struggles.
Foreign gold futures, similar to dostic stock futures markets, had many players operating.
If these players discovered the introduction of this capital, they would most certainly try their best to swallow it up.
For instance, the fluctuation of more than five percent just now, anyone with more than twenty-fold leverage would have margin called, and such situations absolutely existed.
Unless, he was constantly watching these data, the ordinary traders couldn't handle it.
Even he who had only learned the basics of the futures market, could not say for sure if he could manage this situation.
Although, the knowledge summarized by the Cosmic Trading System was very powerful, it was only the basic knowledge of futures market trading. Out of billions of people worldwide, those who operated within this market were the elite of the elites. He couldn't believe that the level of everyone was not up to the basic futures market knowledge summarized by the Cosmic Trading System.
Their operation just now, bringing in so much profit, was mainly due to the timing and suddenness.
But before considering these issues, he needed to tweak the software on the traders' computers.
The software that the traders were using was plain, and the data from various foreign exchanges had a delay of two to three seconds.
In the futures market, even a second could decide life or death, let alone a delay of two to three seconds.
He had just capitalized on the ti difference, and once the others were prepared, he couldn't make such a move again.
Under such circumstances, trading data needed to be without any margin of error.
After notifying the traders, Lin Yun began working on their computers.
Quickly, Lin Yun had resolved the issue.
Watching Lin Yun's operation, the traders were extrely surprised.
Syncing the data from their software with that of foreign exchanges, wasn't this simply extraordinary?
But, they didn't doubt Lin Yun's words.
Because, Lin Yun had continually shocked them over these past days.
...
anwhile,
In Arica, inside a financial skyscraper, on one of the floors,
"Damn it! Just now, who the hell was operating?" An Arican man of considerable stature shoved his chair away and cursed angrily.
Recently, they had been trading gold, as had other forces, but they had ford an understanding... Just now, a sudden influx of capital broke this agreent, snatching over fifty million dollars, which infuriated him!
Because, that capital was taken right from his hands!
Did a companion break the agreent, and start robbing their own kind?
That would not be unheard of! Rather, it was quite common!
No agreents mattered more than dollars!
Agreents only existed because no one had crossed the line yet!
In this market, it was a matter of eating or being eaten, big fish swallowing small fish, small fish feeding on shrimp!
Was it ti to cross the line?
How infuriating!
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