Reborn, back to a small county town to become a wealthy family

Chapter 717 Hesitation leads to defeat
The company has now cleared all 45 trading accounts it controlled, which has relieved the traders sitting in front of their computers.

Zhao Pengcheng, Chu Jing, and Xiang Wanwan, who were standing behind them, also showed expressions of surprise.

Just as everyone was preparing to celebrate their gains, Luo Yang's voice suddenly rang out in the trading room.

"At the price level of 79.85, fund accounts and private accounts each bought 3000 lots, going long."

After the instruction was issued, there was no more than a half-second pause before the traders, who had already formed a habitual mindset, returned to normal and began to trade according to the instruction.

Zhao Pengcheng also came to his senses, his eyes fixed on the market trends on the computer screen in front of him.

Crude oil prices are still hovering around 79.80, with a fluctuation range of no more than 15 centimeters, and it seems that there will be no major market movements in the near future.

According to his assessment, after this opening surge, the market will need to adjust for several hours. Whether it will rebound or continue to fall will require further analysis.

However, the chairman's instructions seem to be a bet that crude oil prices will subsequently correct.

This inevitably leads to greater attention being paid to the overall market trend.

"Senior, I heard you're a top student majoring in finance at Fudan University."

Xiang Wanwan leaned close to Chu Jing's ear and whispered, "Can you see the underlying logic behind President Luo's actions just now?"

She has already been admitted to Fudan University to study finance, so it's perfectly fine to call her Senior Sister Chu Jing.

"If I could see that, I wouldn't be working as a secretary next to the boss now."

Chu Jing gave a wry smile and replied softly to Xiang Wanwan, "The market plummeted as soon as it opened, giving various institutions and retail investors the impression that the market is undergoing a correction. Based on experience, crude oil prices will gradually correct, and then there will be another big fluctuation in the middle of the trading day."

"Wouldn't that mean everyone could make the correct judgment?"

Xiang Wanwan asked, "Whose money are the big organizations going to make?"

"So it's possible that there will be another sharp drop next."

Chu Jing frowned and said, "Could it be that the boss is using reverse thinking in his game?"

It's just like a game of rock-paper-scissors. The answer has already been revealed in the first round. What kind of prediction will the opponent make based on their answer?

Xiang Wanwan glanced at Chu Jing, who was frowning in thought, and then turned her gaze to Luo Yang.

"Once crude oil prices fall back above $82 per barrel, immediately look for a suitable price to liquidate your positions."

No one expected Luo Yang to issue such an order.

However, that's not the most surprising thing.

"If crude oil prices fall below the $79 mark, for every 10-cent drop, each account should buy 2000 lots to go long, and remind me when the position reaches 60%."

This is the second order issued by Luo Yang.

From Zhao Pengcheng's perspective, his boss's two instructions were sequential.

My initial assessment is that crude oil prices will gradually correct, but the correction will not exceed the opening price.

Another assessment is that crude oil prices may fall below the $79 mark tonight, but not below the $78 mark, hence the second instruction.

Judging from both factors, the boss is bullish on the market tonight and is inclined to go long.

Just as Zhao Pengcheng was analyzing the reasons, Luo Yang glanced at the market index, then turned and walked towards his office.

"Just like that, he left."

Zhao Pengcheng paused for a moment, clearly somewhat surprised.

Little did he know the underlying logic in Luo Yang's mind.

Buying 3000 lots in the 79 yuan price range only accounts for less than 15% of the positions in the fund account and private account. Even if the price of crude oil continues to fall, Luo Yang is not worried about being liquidated.

Because the bottoming price will not fall below the 78 mark.

Moreover, he had already laid out a second instruction: once crude oil prices fell below 79 US dollars per barrel, they could freely buy more in the 78-79 price range, especially since the arrangement was to buy 2000 lots for every 10 US dollars drop.

This arrangement, while not 100% certain, is at least 99% reliable.

That's why he felt confident enough to go back to his office for tea.

"Secretary Chu, please make some tea!"

After sitting down and lighting a cigarette, Luo Yang gestured to Chu Jing and said, "Bring out my Lao Ban Zhang (a type of Chinese liquor), I'll drink it tonight to perk myself up."

There is a temperature-controlled cabinet in the office, specifically used to store tea.

Chu Jing did as instructed and retrieved the Lao Ban Zhang tea, along with a complete set of tea-making tools.

Wen Wan has very strict requirements for the members of the board office.

She would arrange training sessions from time to time, such as tea ceremony, golf, wine appreciation, clothing matching, and dance fitness.
Since you are serving the chairman, you must be excellent in every aspect.

Otherwise, why would they receive such a high salary?

Chu Jing began to arrange the tea set, and although his movements were not exactly fluid and graceful, they were still quite methodical.

First, set up a small balance scale. Then, peel off the packaging paper of Lao Ban Zhang tea, use a pick to pry off a small piece of tea leaves, place it on the balance scale to weigh it, and at the same time, boil water. After the water boils, rinse the Zisha teapot with boiling water to raise the temperature of the teapot.

After the teapot had warmed up, she put in the weighed tea leaves and poured in boiling water to brew them.

The first brew from the teapot isn't for drinking yet; this scalding hot first brew is used to rinse the teacups. Then, you can hold the clean teacups to your nose and inhale the aroma of the tea.
"Boss, Mr. Zhao, Ms. Xiang, please try this cup of tea."

"The soup is rich and flavorful. Chairman, only your Lao Ban Zhang soup can taste like this."

After taking a small sip, Zhao Pengcheng said, "I've been to teahouses quite a few times before and have met many tea masters, but Director Chu's technique is quite authentic."

"Do people in your finance circle like to drink tea?"

Luo Yang glanced at Zhao Pengcheng: "As far as I know, there are quite a few people who like to drink."

"There are always people with different hobbies."

Zhao Pengcheng replied with a smile, "But you're right, there are quite a few people in our circle who enjoy singing and drinking, probably because of the high pressure they face and the need to relax through appropriate indulgence."

"The stock market is doing a little better."

While refilling the tea, Chu Jing said, "If it were the futures market, where hundreds of millions could be won or lost in just a few tens of minutes, most people couldn't handle that kind of stimulation without a strong heart."

"Actually, our fund company welcomes talents like Director Chu, who majored in finance at Fudan University."

Zhao Pengcheng also flattered him, saying, "It's a pity that the chairman has a discerning eye for talent and recruited Director Chu to his side first."

"You think highly of Secretary Chu?"

Luo Yang glanced at Zhao Pengcheng, then looked at Chu Jing and said, "Should we let you stay at Gray Rhino for a while?"

"Boss, don't you have something more important to do lately?"

Chu Jing remained unmoved and looked up to reply to Luo Yang, "Director Wen instructed me to maintain close contact with Dong Xing's team recently and cooperate with their work as needed."

In front of Chao Pengcheng, Chu Jing couldn't say anything.

Luo Yang knew perfectly well that she was referring to the acquisition of the credit cooperative.

"Too."

"Besides, the boss also needs a secretary who understands finance."

Chu Jing glanced at Xiang Wanwan and said, "I think the boss has done a great job in developing talent."

From my brief conversation with Xiang Wanwan, I learned that this porcelain doll-like girl is also a student at Fudan University, majoring in finance.

"Senior, I won't be a freshman until September when I enroll. I still have four years until graduation." Xiang Wanwan replied with a smile, "With your abilities, you'll be a senior executive in the company in four years. I might even become your secretary then."

Both of them are quite intelligent, and every sentence they say sounds like they are praising each other, but only they can probably figure out how many other meanings are hidden behind them.

Luo Yang sipped his tea without saying a word, only occasionally glancing up at the stock market information displayed on the electronic screen outside the window.

He remained silent, and Zhao Pengcheng dared not speak further.

Time slipped away in this casual conversation, and before we knew it, it was past one in the morning.

"Chairman, Mr. Zhao, crude oil prices have started to fall!"

Suddenly, a notification came from the trading room outside the office: "It has broken through the 79 dollar mark!"

With half a cigarette still dangling from his mouth, Luo Yang suddenly stood up, quickly walked to the door, pushed open the office door, and entered the trading room.

The first thing I noticed was the market trend on the electronic display screen across the street.

A relatively small bearish candlestick appeared, and crude oil prices fell steadily from 79.78 to 79.53, 79.21, and 78.93.
Buy as planned.

Luo Yang strode towards the trader, issuing instructions as he walked.

Amidst the sound of keyboard clicks, the first long position of 2000 lots was completed, with the purchase price at 78.81 US dollars per barrel.

However, just after crude oil prices reached 78.75, a sudden reversal occurred, with the market showing a steep upward trend, and crude oil prices began to pull back.

78.94、79.33、79.72、80.07、80.38
All the traders' fingers were still on the keyboard, ready to buy 2000 lots in the next segment, but unexpectedly, crude oil prices quickly corrected and rose all the way to 81.83 US dollars per barrel.

At this moment, everyone's attention focused on Luo Yang's face again.

I previously bought 3000 lots at a price of 79.85 US dollars per barrel, and just now I bought another 2000 lots at 78.81 US dollars per barrel.

If we sell them all now, one transaction will yield a profit of US$1.98 per barrel, and another transaction will yield a profit of US$2.98 per barrel.

These two transactions combined mean that each account has made a profit of approximately 1200 million US dollars.

However, Luo Yang frowned.

Because he didn't know if the price of 78.75 was the lowest point of this wave.

If so, then the first two transactions don't need to be sold off; the real question is how to get all that money in later.

With crude oil prices approaching the $82 mark, will they continue to rise and never fall below $80 again?

However, 78.75 is not the bottom price for this wave, so if he enters the market with a large amount of funds now, he might be liquidated.

To move or not to move?

For a moment, Luo Yang hesitated.

Zhao Pengcheng clenched his fists on the side.

If it were him, he would definitely issue an order to liquidate all positions right now; only what's in your pocket is the real profit.

Who knows if crude oil prices will turn around and fall again?

On the other side, Chu Jing and Xiang Wanwan had different feelings.

Because Luo Yang made a bullish decision earlier, which now seems absolutely correct.

But if they can't influence Luo Yang, why won't he let the traders liquidate their positions?
"Sell 3000 lots at 79.85 US dollars/barrel, closing at 81.85 US dollars/barrel; leave the other 2000 lots unchanged!"

Luo Yang decided to trust his intuition.

The bottom price is definitely not 78.75.

The basis for this judgment is that crude oil prices stayed in the 78 range for too short a period of time.

The market chart just now showed an almost V-shaped pattern.

As soon as Luo Yang gave the order, the transaction was executed quickly. Soon, the fund product account gained an additional 600 million US dollars in profit, and the private account also gained an additional 600 million US dollars.

At this moment, everyone was watching Luo Yang's every move.

Whether it's Chao Pengcheng, those traders, or Chu Jing and Xiang Wanwan.

Everyone wanted to learn something from this, so everyone was wondering why Luo Yang did it this way.

Understanding the underlying logic could be a valuable skill that benefits you for a lifetime.

None of them knew that Luo Yang himself was also uncertain at that moment.

He judged that 78.75 was not the lowest point, and he was just taking a gamble based on his feeling. Although the probability was relatively high, it was not 100% certain.

"Chairman, do you think the price will fall further tonight?"

Zhao Pengcheng spoke, voicing everyone's thoughts.

"This V-shape is too weird."

Luo Yang pointed to a very prominent image on the large screen: "I suspect that large institutions are creating a bull trap. Once more funds from small and medium-sized institutions and retail investors enter the market to buy, crude oil prices will fall back below 79."

This is the most compelling explanation he could offer.

"Indeed, the bottoming speed just now was too fast!"

One trader sighed, "The chairman had previously instructed us to buy long as soon as the price broke below the 79 mark. But we hesitated for just a second or two, and each of our accounts bought 2000 fewer lots. That's another 600 million US dollars in profit for each of us!"

"So you're still not resolute enough!"

Zhao Pengcheng then spoke with a stern face: "As an excellent trader, in addition to having your own analysis and judgment, you must also be able to resolutely execute the instructions from above. In our line of work, there is no room for hesitation, because hesitation leads to defeat!"

Old Zhao is quite eloquent.

If the occasion wasn't right, Luo Yang would at least give him a thumbs up.

"Alright, everyone, let's focus on the market trend."

After Luo Yang finished speaking, he turned to Chu Jing and said, "Go and get me some cigarettes. I need to stay in the trading room and keep an eye on the market."

Chu Jing then turned around to get cigarettes for Luo Yang.

Instead of sitting down on the sofa against the wall with Luo Yang, Zhao Pengcheng rested one hand on the back of the trader's chair and leaned over to carefully examine the chart of market fluctuations over this period, seemingly trying to analyze the future price trend.
Luo Yang lit another cigarette and sat quietly on the sofa, occasionally turning his head to look at the price fluctuations on the electronic display screen.

Chu Jing was quite busy; not only did he have to get cigarettes for the boss, but he also had to brew a pot of tea for him and bring it out.

Xiang Wanwan had her chance.

"Mr. Luo, I have carefully studied the trend of the US crude oil futures market in recent months."

She switched to a more formal form of address in front of Luo Yang's subordinates: "Crude oil prices have fallen from over 120 US dollars per barrel to below 80 US dollars per barrel now, a drop of 50%. How long do you think this downward trend will continue? Will crude oil prices fall below the 60 mark?"

"It's unlikely."

Luo Yang shook his head and said, "The international situation has eased, market confidence has been restored, and with the strong global economic recovery, energy demand has increased significantly. Therefore, there is not much room for crude oil prices to fall."

"So the main trading strategy going forward will be to go long?"

"Yes."

As soon as a simple answer was given, the electronic display screen changed.

Luo Yang stood up instantly.

"Ready to buy."

(End of this chapter)