Chapter 121: Shocking the Futures Trading Hall
Lin Lang looked indifferent, replying to the stunning Gu Keqing, "When you live, remember not to follow the crowd. Maintain independent thinking so you don't drift with the current."
"Listening to advice isn't a bad thing, but being too soft-eared and thinking everything others say is reasonable, that won't do."
Gu Keqing smiled and nodded after hearing this, seeing a confident glow in Lin Lang's eyes. Every time she saw this intensely confident look from Lin Lang, it was always before he created a miracle and made a fortune.
Now, with Lin Lang ignoring all objections and stubbornly shorting rubber futures, he must have his reasons.
Thus, Gu Keqing dispelled her doubts and charmingly smiled, "I understand, A Lang. With you, there are no surprises."
Lin Lang looked at the onlookers and said, "A mere 30 million chinese yuan futures trade isn't a big deal. Thank you, uncles and aunties, for your kind reminders."
"Lin Lang knows you are all well-intentioned to remind a junior. There are not many good people left in this society. Thank you! Thank you!"
As Lin Lang spoke, he clasped his hands, humble and polite, using a very friendly approach to disperse the crowd that was watching him and Gu Keqing.
The onlookers in the futures trading hall dispersed after hearing him, thinking that it wasn't their money being lost anyway. They chatted in small groups not far away, all whispering, waiting to see how Lin Lang would meet his end by shorting rubber futures.
"Holy cow!"
"This young man really doesn't listen to advice!"
"Are young people these days so unafraid of bad luck?"
"The young man is very polite, clearly well-educated. He's probably just starting to trade futures, with a more aggressive investment style. But the biggest taboo in futures investment is trying to get rich all at once."
"That's right!"
"Lacking investment experience and going all-in on shorting rubber futures right away, that's asking for death!"
"Everyone who went long on rubber futures this year made a fortune."
"Exactly!"
"Everyone who went long on rubber futures this year got rich, so those who shorted rubber futures naturally all lost money!"
"This young man shorting rubber futures, will he jump off a building after being liquidated by the bulls?"
"Probably not."
"This young man's attire clearly shows he's rich. He's probably just a rich second-generation who's stupid and has too much money, still green, but trying to trade futures like others. It would be strange if he didn't lose his shirt."
"A rich young master who's stupid and has too much money, it would be a shame if he wasn't harvested by the market makers..."
Just as everyone in the futures trading hall was pessimistic about Lin Lang, the short positions on the rubber stock index futures suddenly increased by 87,023 lots, valued at over 48.8 billion chinese yuan, causing the price of rubber futures to suddenly begin fluctuating violently.
The bulls were clearly caught off guard by the deliberate shorting forces behind the scenes, but the main short contracts were still surging, causing the price of rubber futures to plummet by 8.87%, marking the largest single-day drop of the year.
The sudden appearance of 87,023 short lots in rubber futures was an unprecedented shorting, shocking everyone in the futures trading hall.
"Holy cow!"
"What the hell is going on?"
"Why did the price of rubber futures suddenly tank so much?"
"That's right!"
"It dropped over 8 points at once, the price of rubber futures is about to collapse!"
"Normally, an increase in futures index short positions is mostly for hedging, and not overly concerning, but rubber futures suddenly saw nearly 50 billion worth of short positions appear. The long-position market makers can't handle it at all!"
"Ruthless!"
"The price of rubber futures actually dropped by over 20% within three minutes. This kind of flash crash is extremely rare!"
"Holy cow!"
"It's still dropping, damn it!"
"The drop is approaching 25%. With such a massive amount of short orders hitting the market, wouldn't the buyers who went long on rubber futures have to line up to jump off the rooftop?!"
"Exactly!"
"Most likely, the bulls were deliberately shorted and liquidated, dying without even knowing how they died!"
"Awesome!"
"The price of rubber futures flash-crashed by over 31.8%. Isn't that too exaggerated?"
"The young man who just bought 30 million chinese yuan worth of short positions on rubber futures just got rich instantly!"
"That's right!"
"Within a few minutes, he made a blood profit of 10 million chinese yuan by shorting rubber futures. This young man's courage is truly extraordinary!"
"No way?"
"The long-position market makers of rubber futures were liquidated by hundreds of billions worth of short orders, leading to a stampede of liquidations and capital outflow, causing rubber futures to instantly collapse and enter a freefall mode due to speculative selling pressure."
"Isn't this too crazy?"
"This is truly awesome!"
"The drop in rubber futures has exceeded 35% and is still plummeting. Isn't this going to kill all the long-position buyers?"
"That's right!"
"This kind of inhumane shorting is extremely rare!"
"The flash crash in rubber futures, with a drop exceeding 35%, means that all buyers who went long on rubber futures can go to the rooftop to write their wills."
"They're dead! They're dead!"
"The buyers who went long on rubber futures, this time, all had their positions cut by the shorts!"
"Holy cow!"
"The price of rubber futures actually dropped by over 40.2% in just a few minutes. This is a once-in-a-decade bull-bear showdown, and the shorts won completely!"
"The young man who just stubbornly bought 30 million chinese yuan worth of short positions on rubber futures got incredibly lucky and made a fortune!"
"This is faster than printing money with a printing press!"
"The large short orders on rubber futures are still increasing significantly. The bulls have been completely liquidated, and their ability to hedge and push back up is almost nonexistent!"
"The buyers who are bearish on rubber futures are actually becoming more and more numerous, with the drop even reaching 43.6%. This is practically swinging a scythe and brutally harvesting the buyers who went long on rubber futures!"
"Exactly!"
"Every lot of rubber futures today is stained with blood!"
"I really regret missing this wave of shorting rubber futures, missing a great opportunity to get rich overnight!"
"Who the hell could have predicted such a crazy short-selling attack?!"
"There was!"
"The young man who just spent 30 million shorting rubber futures predicted it!"
"Amazing!"
"It's just too amazing!"
"This young man earned 13 million in a few minutes by shorting rubber futures. He truly hit the jackpot!"
"Awesome!"
"A newborn calf fears no tiger. This young man just opened his futures account today and made nearly 20 million in two trades. I'm truly impressed!"
"I'm truly impressed!"
"Holy cow!"
"The price of rubber futures is still plummeting, with a drop exceeding 45.9%. This is going to kill all the long-position buyers!"
"This is why ordinary people are afraid to touch futures. Some people get rich overnight, while others lose everything and jump off buildings."
"That's right!"
"Some people make a blood profit in the futures market, while others suffer a blood loss. Otherwise, where would the money come from?"
"Let's go!"
"Hurry and go watch the young man who just shorted rubber futures for 30 million, and catch some good luck."
"Holy cow!"
"That young man is already surrounded three deep!"
At this moment, Lin Lang and Gu Keqing were being strongly surrounded by curious onlookers in the futures trading hall. Gu Keqing excitedly jumped up and down, saying, "A Lang, what are you waiting for?"
"The price of rubber futures has already flash-crashed by over 45.9%. Hurry and liquidate for cash!"
Lin Lang, however, calmly replied, "Not yet. The price of rubber futures still has less than two points of downward space."
The male futures trader looked at the insane plummeting drop of rubber futures on the computer system, his face full of disbelief, and exclaimed, "Mr. Lin, this short trade on rubber futures has already made a profit of over 13.7 million. Should we close the position now?"
Lin Lang issued a trading command, instructing, "As long as the daily price of rubber futures drops by over 47%, you can help me close the position and cash out."
The male futures trader was shocked after hearing this and kindly reminded him, "Mr. Lin, I have an obligation to remind you that you can't be too greedy when trading futures. You should quit while you're ahead!"
Gu Keqing couldn't hide her excitement, saying, "A Lang, I'm even scared for you. This short trade on rubber futures, you've already gotten incredibly lucky. There's a saying, 'a bird in the hand is worth two in the bush.'"
"A bird in the hand is worth two in the bush!"
No sooner had Gu Keqing finished speaking than the price of rubber futures dropped to 47.8%, drawing gasps from the staff in the futures trading hall.
The price of rubber futures actually set a new five-year record for the largest single-day drop, at 47.8%, shocking everyone in the futures trading hall.
"Whoa..."
"Quick, quick!"
"Quickly help Mr. Lin close his position and cash out!"
The male futures trader quickly operated the computer system. According to the trading instruction Lin Lang had just given, he could close the position and cash out when rubber futures dropped by over 47%.
"Click, click, click..."
The male futures trader methodically clicked the mouse a few times, then excitedly clenched his fist and reported, "Congratulations, Mr. Lin! I have successfully closed your position and cashed out for you. This short trade on rubber futures yielded a profit of 14.3 million chinese yuan!"
"Mr. Lin, the total funds in your futures account are now 59.7 million chinese yuan."
"nice!" Lin Lang snapped his fingers.
Gu Keqing, unable to hide her excitement, hugged Lin Lang and cheered, "In less than half an hour, two futures trades made a blood profit of 19.5 million chinese yuan! A Lang, you're simply amazing!"
Lin Lang, however, calmly replied, "It's just a small matter, Keqing, you don't need to be so excited."
"A Lang, how did you determine that rubber futures would plummet?"
Lin Lang replied with a smile, "Behind rubber futures, there's a big market maker. When rubber futures reached their peak long position, they unexpectedly swung their scythe to harvest the leeks. After the main long-position funds successfully escaped, they used massive short orders to crash the rubber futures, and at the same time, they drove down the price of physical rubber in reality, essentially making money on both ends."
"The profit from the massive short orders is found money, and driving down the price of physical rubber allows their own brokerage firm to earn a large commission income. When they reverse and go long, they can buy back cheap goods at a low price."
"Today's 47.8% drop in rubber futures, the largest single-day drop in nearly five years, was completely within the control of the market maker institutions and funds. It was definitely a perfect round of harvesting leeks."
Gu Keqing exclaimed after hearing this, "A Lang, you truly are a top student in finance. Your investment vision is unique, and your analysis is incredibly thorough. You're simply amazing!"
"Whoa..."
All the curious onlookers in the futures trading hall were completely shocked.
"Awesome!"
"Young man, you are truly awesome!"
"In less than ten minutes, you made a blood profit of 14.3 million chinese yuan from one short trade on rubber futures. Your luck is off the charts!"
"That's right!"
"Just opened a futures account, and in half an hour, two trades netted nearly 20 million. This young man's luck is unparalleled!"
"A newborn calf fears no tiger!"
"The young man has real guts, truly young and promising!"
"Rubber futures, which had been strong for nearly a year, suddenly flash-crashed. It's simply unbelievable!"
"This young man made over 14 million easily in less than ten minutes from one short trade on rubber futures. I'm so envious my eyes are red!"
"I have to say, this young man Lin is truly awesome!"