Hong Kong Island has just escaped from the typhoon season in October, and it is the golden time of the year.

Outside the window is Victoria Bay. Chen Qiaoshan is very willing to pay for it and rents a luxury sea view room in the hotel.

Hong Kong is worth every inch of land and buildings. There are more than 600 rooms in JW Marriott, with only 28 sea view rooms. Chen Qiaoshan directly asked for three, and there are two spare mountain view rooms opposite. If you are not used to it, you can change the environment at any time.

A sea view room was specially tidied up. There was no other arrangement in the room, only a large office desk with four screens on it, plus two phones, and this was the main battlefield prepared by Chen Qiaoshan.

"How is it, are you still satisfied?"

"Chan, there is no better environment than this." Cecil is already familiar with Chen Qiaoshan's surname. As a senior financial dog, he has long been tired of various luxury hotels. However, it is not easy to meet a stupid boss who has a lot of money. It is still necessary to flatter him.

Chen Qiaoshan said: "The swimming pool is on the 7th floor, and there is also a gym and sauna downstairs. All the consumptions in the restaurant and bar can be signed. If you need to relax, I don't mind you going to LKF for two drinks, but there is a prerequisite that the safety of the account is the first priority."

After talking nonsense for a long time, the last sentence is the point.

Cecil and Lu Zhaolin are not fools. Chen Qiaoshan spent a lot of money to invite them over. The consumption of food, drink, and entertainment is all small profits. The most important thing is to make money.

Lu Zhaolin asked: "Boss, will you start building a position today?"

Chen Qiaoshan hesitated a little. He knew in his heart that the crude oil price had not reached a high level recently. The safest way was to wait for another two days, but that was too deliberate. In order to avoid being caught by someone, it is still okay to enter the market in advance.

Chen Qiaoshan asked: "How is the trend today?"

Cecil typing the keyboard a few times, pointing to the WTI daily chart on the screen and said: "Yesterday, the main force fluctuated upward, and today it fell slightly, falling 0.28 USD/barrel, but the long-term to short-term moving averages are arranged neatly from bottom to top, which shows that the market is a bullish trend. In this case, it is best to go long on lows. It is a bit unwise to build a short position."

Lu Zhaolin also paid attention to the recent market. His judgment was similar, so he agreed: "I agree with Cecil's point of view. Boss, the 10-day moving average crosses the 55-day moving average, and the moving average is still bullish. This is a signal that long positions continue to be held. There is a high probability of fluctuating upward in the later period. I am not optimistic about opening positions at this time."

Facing professionals, Chen Qiaoshan knew that there was no room for trouble, but he did not intend to change his plan.

Although the cost of entering the market is higher at this time, as long as the leverage ratio is controlled properly, the result will be only safe and will be avoided.

Vicious vision is one thing. If the return is stuck at the node, it will inevitably lead to suspicion. Chen Qiaoshan can spend more money and do not want to cause unnecessary trouble.

As for how to convince Lu Zhaolin and Cecil, Chen Qiaoshan was not worried at all. He was the investor, so it was naturally the financial owner who had the final say.

"No need to wait, I decided to open the position today."

Lu Zhaolin and Cecil looked at each other and found that the other party was hesitant, but Chen Qiaoshan was the boss, so he had to agree.

Cecil asked, "Chan, how much backup money should be prepared?"

"What do you think?" Chen Qiaoshan never personally traded the transaction, so he simply gave the decision to both of them.

"If you don't rush to open a position, leaving five million reserve funds is enough." Cecil gave a suggestion.

Lu Zhaolin didn't say anything. He knew in his heart that it was undoubtedly risky to build a short position at this time. According to market making rules, long and short locks only require half of the margin of a one-sided position. With this five million, even if Chen Qiaoshan bets wrongly, he can stop the loss as soon as possible.

Compared with income, they value the safety of their principal more.

If the market is true as Chen Qiaoshan's prediction, and the crude oil trend suddenly hits a certain price plummeting, you can open a position to chase the order. Even if you lose a part of the loss, you can still stay away from the cost at the first time. Compared with insignificant losses, hedging risks is the primary priority.

The two did not explain this to Chen Qiaoshan. In their opinion, Chen Qiaoshan was too young. Even though he had a large amount of money, he could not feel the sharpness and decisiveness of the old headhunters in the market.

Although the two did not discuss related topics, they still had a tacit understanding. Since they had a guaranteed commission and planned to accompany the prince to study, both of them had the intention of not seeking merit but seeking nothing.

The crude oil trend is now very unclear, and the unilateral market is extremely risky. As long as the principal is kept, this is exactly the same as risk control.

Cecil and Lu Zhaolin had a tacit understanding. The two exchanged glances. Cecil asked again: "Chen, price fluctuations are inevitable. Since you insist on shorting, you must have a stop loss line. Tell me, what price do you think should leave the market?"

Chen Qiaoshan almost blurted out the numbers in his heart. Fortunately, he held it in time. He pretended to be thinking for a while before saying, "It's $56. If it hasn't declined even after it has risen to this price, then we will withdraw."

Chen Qiaoshan's quotation is thirty cents higher than the historical high. Even if the situation reverses, he will not have the possibility of forced strait.

"OK!" Cecil smiled. In his opinion, this private job was simpler. As long as you control the leverage ratio, it was easier than vacation.

…………

On October 17, Chen Qiaoshan's account finally made a move.

Ten million US dollars of funds entered the market one after another, and Cecil and Lu Zhaolin sold their contracts with short orders of US$2,052.

Chen Qiaoshan calculated that the leverage of 1,000 barrels of crude oil was less than 30 times, and the risk was not too high.

Chen Qiaoshan felt a little conservative, but he did not give his opinions. It was not the time yet. He still had some money in his hand. He just turned around and chased the order. However, Elliot saw his thoughts and reminded him: "Chen, Cecil and Lu are opening positions according to your offer."

Chen Qiaoshan was a little puzzled, and he asked, "I haven't mentioned the ratio of leverage."

Elliot explained: "Don't worry, these two people are experienced and control the leverage ratio to ensure the safety of their positions. Unless the market reaches US$56, you are safe, and there is still a reserve fund in the account. If you have the opportunity, you can chase orders at any time. They are looking for an opportunity."

…………

History has not deviated from its original trajectory. On the day Chen Qiaoshan entered the market, affected by the decline in US crude oil inventories, crude oil futures prices in the New York market rose sharply, up 87 cents per barrel, reaching a record high of US$54.99.

Cecil and Lu Zhaolin were a little worried. The market was not as Chen Qiaoshan said. Fortunately, they didn’t invest much and did not hurt their muscles.

Strangely, the situation was obviously not optimistic, but Chen Qiaoshan seemed to be fine. He didn't blink when he heard the loss report, and his expression remained unchanged at all, and he could not see any flaws.

Both of them were secretly shocked. They had seen such people.

Either Chen Qiaoshan is rich and has a strong fortune and doesn’t care about this loss at all, but hundreds of thousands of dollars are wasted, and no matter how generous he is, he will not be like this. There is another possibility, that is, he will be determined and sure that the market will decline within the range.

No matter which reason it was, the two of them looked at Chen Qiaoshan with a high look.

On October 19, the market fluctuated downward, plummeting 2.6%, closing at US$53.55 per barrel.

October 20, US$54.87.

October 22nd, US$54.71.

This week has passed, but whether it is a surge or a plummeting decline, Chen Qiaoshan is in the same shape, with no joy in the fall and no worry in the rise. There is also the mood to invite colleagues who are said to be from the mainland to have dinner together. The rest of the time is either in the gym or in the indoor swimming pool, or on a mountain road one kilometer away.
Chapter completed!