Reborn in 2012, building a new energy empire

October 7th, Thursday.

At 8:45 a.m., Jiang Haoran was already sitting in front of his computer.

At 8:55, the opening auction began.

Buy orders rapidly accumulated at the limit-up price of 3759 yuan. 30,000 lots, 50,000 lots, 80,000 lots... one minute before 9 o'clock, the buy orders broke through 180,000 lots.

The market opened at 9:00 AM sharp.

3759 yuan, hitting the daily limit.

The market data showed that buy orders at the limit-up price once exceeded 210,000 lots, while sell orders were few and far between.

The market voted with real money, confirming the bullish impact of the USDA report.

Jiang Haoran's account showed a sudden surge in profits.

Total equity surged from 530 million yesterday to over 770 million.

"It's sealed off!" Fatty Li shouted in a low voice, his hands trembling slightly.

The other two roommates also came over to look, their eyes filled with complex emotions—envy, disbelief, and a hint of regret.

"Brother Hao, this...this has already hit the daily limit? Should we sell?" Fatty Li asked.

"I'm not selling." Jiang Haoran shook his head. "The order book is so large, it shows that the market consensus is extremely strong."

The forum was in an uproar, with countless posts being refreshed:

[Two hundred thousand sell orders! A historically rare occurrence!]

The spot market has gone crazy; soybean meal prices in East China have jumped 200 yuan in a single day!

Feed mills are scrambling to find supplies; rumors are circulating that some traders are hoarding stock and refusing to sell!

[This is just the beginning! It'll likely see consecutive limit-up days, with a target of 4500!]

[The sky's the limit; I see 5000 points.]

A frenzied atmosphere pervaded the air.

Jiang Haoran watched calmly, while also noticing some subtle signals: an hour after the market opened, trading began to slow down, and the sell orders gradually decreased from 200,000 lots to 180,000 lots.

Although the order book remains huge, it indicates that some funds are quietly being traded.

On the forum, emotions began to ferment:

[It's a sure thing! It'll hit the daily limit again tomorrow!]

I placed an order at the daily limit up price but failed to buy. Please open the door and let me in!

The spot market has gone crazy; quotations in East China have been suspended, and traders are freezing their warehouses!

Jiang Haoran closed the forum page and focused his gaze on the intraday chart.

The price was locked at the daily limit, with nearly 100,000 buy orders at the top of the buy list.

However, the trading volume is not completely static—every few minutes there will be a few hundred lots traded sporadically.

The number of sell orders decreased by about 20,000 lots compared to the opening price, while the number of trades is slowly increasing.

This continuous "leakage" made him vaguely feel that something was wrong.

If the intention is truly to drive the price up to the daily limit for several consecutive days, the price should have been locked at the limit in the morning to create a strong sense of reluctance to sell.

The current trend, which appears strong but is actually experiencing a slow, gradual loss of orders...

Jiang Haoran leaned back in his chair, his fingers tapping the table unconsciously.

Speculative capital hasn't had enough to eat.

After yesterday's report was released, expectations were too uniform, and the stock immediately hit its daily limit this morning, leaving many funds no time to enter the market.

For the major players driving this market trend, they need to exchange more shares during the upward movement in order to push the market higher and further.

The market is very likely to change course this afternoon.

Either the price limit is broken, then rises again after a surge in trading volume; or it opens high and closes low, creating a low point before rising again after creating room for further gains.

Regardless of the type, the market will experience significant fluctuations.

No rush. Jiang Haoran glanced at his holdings.

1700 long positions, with substantial unrealized profits.

However, if there is a significant fluctuation in the afternoon, he will be able to react in time.

At 11:30, the morning's market activity was extremely dull.

With the price locked at the daily limit, Jiang Haoran closed the trading software, got up, and poured himself a glass of water.

The sunlight outside the window was blinding, and the cicadas were chirping incessantly.

He knew that the real test often came not when things were calm, but after everyone thought things were calm.

……

The market opened at 1:30 p.m.

The sell orders are firmly locked at 170,000 lots.

At 1:40, trading volume began to increase gradually, and the sell orders dropped to 150,000 lots.

The rate of decrease is accelerating.

Jiang Haoran stared at the screen, his fingertips unconsciously tapping lightly on the edge of the table.

Fatty Li held his breath, not daring to blink.

It's exactly 2 o'clock.

The market suddenly jumped as several large sell orders of tens of thousands of shares were suddenly dumped!

The number of sell orders has shrunk dramatically: 90,000, 80,000, and 70,000 lots!

Almost simultaneously, a large number of sell orders appeared at the limit-up price, dozens, hundreds, thousands of lots... densely packed together.

Jiang Haoran's eyes narrowed.

They arrived as expected.

He opened the position list, selected 900 long positions, and placed a order at a price of 3758 yuan.

Tap with your index finger to confirm.

At the very instant the command was issued, the trading screen shook violently!

One large sell order after another, each exceeding two thousand lots, was continuously dumped, instantly reducing the sell orders to below thirty thousand lots!

A trading window popped up: 900 sell orders, executed at 3759 yuan.

They managed to break through the board at the last moment.

"Brother Hao, you sold it?!" Fatty Li exclaimed in surprise.

A second, even more intense wave of selling pressure suddenly descended!

A massive order of 15,000 lots smashed through the buy orders!

The price limit was immediately broken.

The price plummeted from 3759 yuan:

3750, 3745, 3730...

The price drop triggered a massive panic sell-off, with countless funds pouring in, pushing the price down to the 3700 mark, but it couldn't hold and broke through, reaching a low of 3697 yuan.

The increase narrowed rapidly from 4% to around 2.5%.

The trading volume bar chart suddenly spiked, with the trading volume exceeding 3 billion yuan in just five minutes.

The forum exploded:

[It's open! It's gone! It's gone!]

Who's dumping shares?! Are the major players unloading their holdings?

[Mom! I was wrong. I just got into line and I'm already being asked to eat the "Heaven and Earth Edition"?]

Jiang Haoran didn't look at the post; his eyes were fixed on the transaction details and the order book.

The large sell orders were extremely large, with individual transaction sizes of two, five, three thousand... while the buying pressure around 3700 was equally fierce.

The price fluctuated repeatedly between 3697 and 3705. Every time it fell, large buy orders would support it, and every time it rebounded, selling pressure would appear.

Trading volume surged dramatically, but prices did not fall further.

This technique is too typical.

Since speculative funds couldn't accumulate enough shares at the limit-up price, they simply broke the limit-up price themselves, creating panic and forcing out those industry bulls and institutional investors who were afraid of high prices. They then took advantage of the situation to harvest retail investors, buying up all the shares at the key level of 3700.

It's like transferring chips from one hand to the other, while simultaneously washing away the chips held by retail investors.

The sentiment among retail investors in the forum is becoming increasingly polarized:

I didn't sell at 3759, and now I'm down two points. Should I cut my losses or not?

Don't sell! This is a technical correction; the major players are shaking out weak hands.

I lost three points buying at the limit up price, so I sold. What bad luck!

With such a large trading volume, the major players must have exited!

[Run! Run or it'll hit the daily limit down!]

[Mom! I was wrong, I'll never hit you again!]

Disagreements lead to hesitation, and hesitation leads to erroneous actions.

Jiang Haoran looked at the comments and knew that most people were being driven by their emotions.

2:30 p.m.

The price fluctuated between 3700 and 3710 for twenty minutes.

Trading volume began to shrink, and panic selling seemed to have been cleared out, while buy orders gradually accumulated below the 3700 mark.

2:45.

The price slowly climbed to 3710.

The order book shows that sustained buying activity began to emerge in the 3710-3720 range.

Jiang Haoran switched to the futures and related product interface. The overall sentiment in the commodity market was stable, with no systemic risks.

Jiang Haoran recalled two lines of proverbs:

"A thorough shakeout must be ruthless, breaking through key price levels to flush out the shares."

"High volume at high prices is not the top; a rise without volume is the top."

At 2:50, the price reached 3715.

With buying pressure clearly increasing, Jiang Haoran began to take action.

First order: 200 lots bought at 3715 yuan. Transaction completed.

Second order: 3718 yuan, 300 lots purchased. Transaction completed.

He paused for thirty seconds to observe the selling pressure. There were only a few small orders, no large sell orders.

Third order: 3720 yuan, 500 lots directly placed.

The price fluctuated continuously, rising to 3722.

Last order: 3722 yuan, last 200 lots purchased.

The market closed at 3 PM.

The soybean meal 1301 contract closed at 3723 yuan, up 2.99% for the day.

The daily candlestick chart shows a medium-sized bullish candle with a lower shadow, and the trading volume hit a new high since the contract was listed, indicating that the bulls and bears completed a fierce exchange of shares during the day.

Jiang Haoran's position changed from 1700 lots in the morning to a low of 800 lots during the day, and then to 2000 lots at the close. Through precise buying low and selling high, he netted a profit of 36 yuan.

The account's total equity exceeded 817 million yuan, with available funds reaching 445 million yuan.

Fatty Li looked at the final plate, opened his mouth, but couldn't say anything.

Jiang Haoran closed the software and stretched his wrists.

He knew that tomorrow would be another day.

The market is always changing; the only constant is human nature's pursuit of profit and fear of risk.

What he needs to do is find that calm balance between the two.