Reborn in 2012, building a new energy empire

On Thursday afternoon at 2 PM, the intraday chart of soybean meal futures contract 1301 on Jiang Haoran's computer screen showed a breathtaking trend.

For the previous three trading days, the price was like a trapped beast, futilely struggling within the narrow range of 3180-3220. Every seemingly powerful upward attack was precisely slapped back by even greater selling pressure.

Trading volume gradually shrank, and a suffocating wait-and-see attitude permeated the market, like the oppressive low pressure before a storm.

Those prominent positions that were once faintly visible on the Dragon and Tiger List seem to have temporarily fallen silent, leaving only a dense array of fragmented orders on the trading screen with unclear meaning.

But Jiang Haoran knew that this was not a retreat, but a brief calm in the eye of the storm.

The market is simply waiting for a signal, a decisive blow that will make all hesitant investors decide to side with the bulls.

The signal arrived at 2:11 PM.

Initially, the number of pending orders piled up at the first price level (3215) quietly increased from the usual few hundred lots to 1,500 lots.

This subtle change did not escape the eyes of those constantly watching the betting odds.

Immediately afterwards, a buy order of 2,000 lots, like a heavy hammer, slammed into the sell price of 3218, swallowing it whole. The price jumped 3 points instantly.

This was as if a battle cry had been sounded. After a pause of less than three seconds, even larger orders surged forth like a flood bursting its banks!

Five thousand hands!

Eight thousand hands!

The intraday chart is no longer a curve; it has almost become a straight line sprinting upwards at a 75-degree angle.

3218, 3225, 3230... key resistance levels were breached one after another, as if they were made of paper.

The trading volume histogram exploded at an unprecedented height, and the transaction details on the right side of the screen scrolled so fast that it was dazzling. The red "B" signs indicating active buying were all present, and the occasional green sell orders interspersed in the middle seemed insignificant and were instantly submerged.

The market's sentiment switch has been completely flipped.

In the chat room, the previous debate about the "double top pattern" and "false breakout" came to an abrupt halt, replaced by a screen full of "Take off!" "Breakout!" "Hurry and chase!"

This surge triggered stop-loss orders from short sellers, forcing them to close their positions and buy back in, further fueling the upward trend.

Hesitant observers, driven by the fear of missing out, began to rush into the market to buy shares in a panic.

The price surged ahead, breaking through 3235 in the blink of an eye.

Jiang Haoran's heart pounded steadily; this was the moment he had been waiting for—a valid breakout with massive confirmation at the upper edge of the "blood-red corridor." This was not a technical rebound; it was the clarion call of a "cognitive revolution," a flash of light that shattered the old era's price anchors.

When the price first touched 3240, several sell orders of thousands of lots appeared in an attempt to suppress it, and the price retreated slightly to around 3230.

This could very well be the last struggle of short sellers who were trapped in the early stages, or short-term bulls who were taking profits.

Right now.

Jiang Haoran's fingers tapped steadily and swiftly on the keyboard.

Buy soybean meal 1301, 3231, 70 lots, confirmed.

The order was executed instantly. His total position became 220 lots, and his overall cost was slightly raised to around 3136.

Almost immediately after his transaction was completed, even larger buy orders emerged, sweeping away the selling pressure around 3240 and sending the price soaring toward 3250!

At 2:35, the price of the soybean meal 1301 contract was firmly fixed at 3253.

In just over twenty minutes, the price surged violently by more than 50 points. The daily candlestick chart showed a giant bullish candle with no upper or lower shadow, resembling a burning crimson sword that pierced the top of the trading range that had been consolidating for several weeks.

You could hear a pin drop in the dormitory.

Fatty Li stared, mouth agape, at the terrifying bullish candlestick and the soaring profit on Jiang Haoran's screen, completely speechless.

Jiang Haoran picked up his phone and dialed Chen Jingge's number. The call was answered almost instantly.

"Uncle, did you see that?" Jiang Haoran asked.

My uncle's voice came through, accompanied by the urgent notification sounds from the trading terminal and the faint murmur of voices in the background. "I saw it. It's not a test, it's the final assault."

Jiang Haoran spoke calmly, "The 3250 level has been firmly established, and the trading volume is more than three times the average of the past two weeks. This level has become the first support level, and I think you can increase your position."

Jiang Haoran spoke slowly but with an undeniable force: "Technically speaking, the price was repeatedly testing the 3220-point resistance level."

"My assessment is that once the market effectively holds above 3250 points, it means the market has fully digested the volatility, and new upside potential will be unlocked. Now is a good time to increase positions."

There was a moment of silence on the other end of the phone, then Chen Jingge chuckled approvingly: "You kid, your composure and sense of rhythm are really unlike a student. Okay, I've got it, 3250."

After the phone call ended, Chen Jingge stared at the candlestick chart on his computer screen and fell into a brief moment of contemplation.

Jiang Haoran's analysis was clear and logical, and the key phrase "stabilizing at 3250, with both volume and price rising" kept echoing in his mind.

He pulled up the recent transaction details and position reports, confirming his nephew's judgment: market sentiment was indeed quietly shifting, the bears' resistance was becoming increasingly weak, while the bulls' buying was unusually resilient at key price levels.

"This kid has a natural talent for reading charts." Chen Jingge smiled and stopped hesitating.

He immediately accessed his trading account and quickly calculated in his mind: with another 100,000 yuan, based on the current price and a 5% margin, it would be enough to open dozens more lots.

He decisively entered the order and, when the price stabilized above 3250, bought 50 lots of long contracts in batches, putting all of this new "ammunition" into the battlefield.

On Friday, the last trading day before the Dragon Boat Festival, the market showed an unusual strength during the opening auction.

At 9:00 AM, the price gapped up to 3278 points, nearly 20 points higher than yesterday's settlement price!

This fang-baring move at the opening bell sent a chill down the spines of all the short sellers who were still clinging to hope after the night session.

This is not a test; this is an open declaration of war.

Within the first minute after the market opened, the bulls' vanguard surged in like a tidal wave.

The continuous flow of small and medium-sized orders quickly pushed the price up to 3282.

However, the real test is in the 3280-3285 range.

This is the upper edge of the trading range over the past week, a "Maginot Line" heavily fortified by the bears, with tens of thousands of stop-loss and reverse sell orders piled up.

At 9:05, the price touched 3285, and the short sellers suddenly launched their counterattack.

On the order book, the sell orders at levels one through five suddenly increased, as if an iron wall had been erected. Several sell orders of thousands of lots were placed in succession, causing the price to fall back and even drop below 3280.

On the intraday chart, a sharp, inverted V-shaped spike appeared.

In the market commentary section of Dongcai Futures, bearish voices are everywhere: "False breakout! Bull trap! Run!"

This was the first direct confrontation between the main forces of the bulls and bears.

Jiang Haoran calmly looked at the transaction details in the lower right corner of the screen.

He discovered that when prices were suppressed, the buy orders at price levels such as 3275 and 3278 were equally substantial and were executed very quickly. The short sellers' sell orders seemed to disappear without a trace, and did not trigger panic selling.

This was not a rout, but a brief tactical pause for the attacking forces after encountering resistance, a period of digesting the initial wave of fire.

The bears attempted to organize a defense around the key 3280 point, but the huge trading volume accepted all the sell orders steadily.

Three minutes later, at 9:08, the situation changed again.

A massive buy order of over 5000 lots, like a cannonball falling from the sky, struck the large sell order at 3281 without warning, instantly swallowing it up! This "cannon shot" completely broke the deadlock.

Immediately following, a second, a third... several large orders of over two thousand lots swept up the sell orders at 3282, 3284, and 3287, with a steady and ruthless pace, demonstrating the trader's strong determination and ample funds.

The bears' defenses began to crumble. At the crucial psychological level of 3290, they attempted one last counterattack, dumping tens of thousands of sell orders.

But this time, the market sentiment is different. Those retail and institutional investors who were originally on the sidelines were overwhelmed by the overwhelming buying momentum, and the anxiety of "missing out" overwhelmed their rationality.

Following the trend, buying began to emerge, forming a combined force with the main funds.

At 9:15, amidst a massive surge in trading volume, the 3290 level was breached!

The moment the breakthrough occurred, a silent gasp rippled through the market.

The algorithmic trading signal for chasing the rise was triggered, and a massive number of automated buy orders joined the fray.

Prices, like a rocket breaking free of all shackles, began to enter a smooth yet terrifying main upward phase.

Financial forums and trader groups were abuzz with excitement, with shouts of "Breakthrough!" and "The main upward wave is here!" echoing everywhere.

One after another, large buy orders swept up the market, driving prices up like a whirlwind, soaring to new heights and breaking through key levels such as 3295 and 3298.

All eyes were on the symbolic 3300-point mark. But market sentiment had already become volatile, and the 3300-point level was as fragile as paper, breaking through it in an instant.

The moment the price ruthlessly pierced through 3300, the entire market's psychological defenses were completely breached.

The bears' last shred of faith collapsed, and stop-loss orders poured in like a burst dam. Their forced liquidation of positions, in turn, became the latest fuel driving prices up.

At this moment, the market itself formed a powerful positive feedback loop, and the bulls completely took control of the "momentum".

The price barely lingered around 3310 and 3320 points, and each slight pullback became an opportunity for off-market funds to "get on board" and buy.

The trading volume bar chart soared, indicating that the market was in a frenzy.

Finally, the closing bell rang, and the price settled at a dazzling 3328 points.

This massive bullish candlestick, appearing out of nowhere, had a full body and closed near the day's high, its power enough to terrify any short seller.

It is not just a price figure, but a definitive statement from the bullish forces.

On Jiang Haoran's account, the numbers moved silently yet brilliantly.

He remained steadfast like a rock throughout, unmoved by the raging waves, holding 220 long positions (average cost of 3136 points).

With the index settling at 3328 points, his floating profit surged by more than 220,000 yuan in just one day, bringing his total profit to nearly 420,000 yuan.

This means that after experiencing fluctuations and accumulating strength in the early stages, his principal has once again achieved an astonishing doubling on this decisive breakthrough day, and the total assets in his account are approaching the 600,000 yuan mark.

He closed the software; outside the window, the setting sun was already molten gold.

The city was filled with warm hustle and bustle before the holiday, while the horn of victory in the first phase of his silent battle had already sounded loudly in the form of a giant sun on the chart.

The hunt for capital has been a resounding success in its first battle.