'Open large empty orders and smash them down.' At this time, Lin Yun gave the order.
However, at this time, it had already reached a critical point, and a large number of empty orders smashing this point down would likely become the last straw that would break the camel's back, causing market panic.
'Boom...'
Following Lin Yun's order, the actions of these traders caused the price of gold to plummet.
'Rumble...'
As expected, once this price point was smashed, it immediately caused panic in the market. Empty orders quickly appeared and smashed downwards, causing the price of gold to rapidly decrease.
'Sssss...'
Seeing this, Lin Yun's traders let out a gasp.
They had never imagined that these large orders they had smashed would have such a powerful effect.
At this point, they had already spent 50 million US dollars out of the 90 million US dollars, and they were still dumping.
'Stop! Prepare large short orders and wait for my order!' Lin Yun said.
The traders immediately stopped what they were doing.
The price of gold was still rapidly decreasing.
When it reached a certain price, the rate of decrease began to slow.
'Dump!' Lin Yun said.
'Boom...'
Like the straw that broke the camel's back, the price of gold once again experienced an avalanche and began to rapidly decrease.
This time, the scale of the decline was even greater than before.
In the blink of an eye, the price of gold had fallen 3.5% since they had started shorting.
Futures trading involves leverage, and Lin Yun's futures accounts all had ten times leverage. Now that the price had fallen 3.5%, that meant that Lin Yun and the others had already made a 35% profit on the funds they had just shorted. This was just a matter of a few minutes, and the profit was truly terrifying.
However, some of the funds they just shorted were shorted during the decline, and some were not used, so the real profit is not that much, but it is also quite terrifying.
'Close the position! All funds go long!'
At this time, 90 million US dollars have already been spent, and Lin Yun decisively gave the order.
'Yes, boss!'
Looking at the rapidly rising funds in the account, the traders were very excited. Although the price of gold was still rapidly falling at the moment, they did not hesitate for a second and immediately obeyed Lin Yun's order.
This was all experience, and Lin Yun's decision had not been wrong.
The futures market was even more like a battlefield, where the outcome could change in a second, and they simply could not hesitate.
'Boom—boom...'
As they placed large buy orders one after the other, the falling price of gold immediately stopped.
Just now, they had shorted a total of more than 70 million US dollars, and the profit reached 20 million US dollars.
Now there was a total of 110 million US dollars in funds, all long positions, and the power was very strong.
Lin Yun said to go long on everything, and in just three or four seconds, they had placed all the orders.
'Boom...'
Just a few seconds after they had placed these long orders, one after the other, the gold price, which had just risen slightly, immediately shot up like a rocket.
In the blink of an eye, not only did it return to its original price, it also increased by 2% from the original price, which was an astonishing reversal.
This price was 5.5% higher than the short position they had just taken.
'Oh my god!'
Seeing this, the traders were stunned.
It was only a matter of seconds.
If they had closed their position and taken a long position two or three seconds later, the outcome might have been different. Not to mention making money, their capital of 90 million US dollars would have lost at least 20 million.
And now... their capital has already increased to more than 160 million US dollars.
In just a few minutes, their capital has increased from 90 million US dollars to more than 160 million US dollars. This is the charm of the futures market.
'Close the position!'
Just then, Lin Yun ordered in time.
The traders did not say a word and immediately began to act.
Right now, someone is heavily long, and they just closed the position. With just one click, it only took a second for them to complete the operation.
One hundred and sixty million US dollars safely in the bag.
At this time, these traders were beyond excited.
In just a few minutes, they had almost doubled their capital!
In the futures market, doubling capital in just a few minutes is no myth!
However, if this capital was 90 million US dollars and 500 million Chinese yuan, then it would really be a myth!
These few people had just created such a myth!
Lin Yun watched this scene with a slight frown.
The charm of the futures market is undoubtedly very great. They just used ten times leverage. It is said that many people use more than twenty times leverage in the futures market. If they had used that high a leverage just now, the profit they made just now would be even more terrifying.
But this market is also a bit beyond his expectations, not as simple as he had previously thought.
The main reason is that his capital is too small.
The daily trading volume of gold futures is very large, and 160 million US dollars simply cannot make a splash.
Where there are people, there are rivers and lakes.
Foreign gold futures, like the domestic stock market futures market, are manipulated by many forces.
If those forces find out that this capital has entered, they will definitely find ways to swallow it.
Just like just now, there was a fluctuation of more than 5% up and down. If someone used more than 20 times leverage, they would have blown up their positions just now. This kind of situation definitely exists.
Unless he keeps an eye on these data, otherwise, these ordinary traders alone cannot do a good job.
Even if he, who has only learned the basic knowledge of the futures market, can handle this situation, it is hard to say.
Although the knowledge summarized by the Cosmic Trading System is very powerful, it is only the basic knowledge of the futures market. Of the nearly 10 billion people in the world, the ones operating this market are the elites among the elites. If everyone's level cannot reach the level of knowledge of the basic futures market summarized by the Cosmic Trading System, he absolutely does not believe it.
He had just made a lot of profit, mainly due to the time difference and suddenness of the operation.
However, before considering these things, he first wanted to fix the software on the computers of these traders.
These traders were only using ordinary software, and there was still a two-to-three second delay in the data with the major foreign exchanges.
In the futures market, a second could determine life and death, let alone a two-to-three second delay.
He had just mainly played on the time difference, but the other party was on guard, and this time difference could no longer be exploited.
In this situation, trading data needs to be free of any error.
After greeting the traders, Lin Yun began to operate their computers.
Soon, Lin Yun had settled the matter.
The traders were also very surprised to see Lin Yun's actions.
To have their software's data synchronised with that of a foreign exchange, that was pretty impressive.
However, they likewise did not doubt Lin Yun's words.
Because, these days, Lin Yun had brought them so many shocks.
...
Meanwhile.
The United States, a financial building, one floor.
'Shit! Who the hell just operated?' A tall American man pushed away the chair beneath him and cursed angrily.
For some time, they had been operating gold, and there were some forces operating as well, but they had formed an unspoken agreement long ago... Just now, a sudden influx of capital had broken this unspoken agreement, taking more than 50 million US dollars, which made him very angry!
Because, this capital was taken from him!
Could it be that one of his colleagues has broken the tacit agreement and started a turf war?
It's not impossible! On the contrary, it's very normal!
Nothing is more important than US dollars, and there is no tacit agreement!
The reason for the tacit agreement is that everyone has not yet turned their backs on each other!
In this market, it's every man for himself, the big fish eat the small fish, and the small fish eat the shrimp!
Could it be that everyone is turning their backs on each other now?
This is really annoying!