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Although Chen Fan has begun to care about US crude oil futures, he still has no plans to take action at this stage.
Now he is looking at the crude oil contracts that are entering the delivery (expiration) month to show that the holdings and trading volume of crude oil contracts near the delivery month are often the largest among all crude oil contracts, so it is the main contract.
If you really want to participate in crude oil futures trading, then the first thing is to determine when the market will start. After all, Chen Fan is not able to see changes in the future for a long time. His ability can only be effective in about one month. Now he cannot see the brightness, which means that there is no possibility of crude oil price rising within at least one month.
The June contract is approaching delivery for a few days. The subsequent September contract is actually the main contract of Mi Crude Oil. Although the trading volume of other contracts behind is gradually increasing, it still seems very small compared to the September contract.
I can only wait and see when the price of crude oil will start to rise. Then I will just arrange it in advance. As a product with huge trading volume among commodities, crude oil has a month to enter and build positions.
Chen Fan did not plan to bet on the crude oil contract at the end of the year because he was not sure that the crude oil price would only start to rise at the end of the year or next year. After all, this involved the private negotiation results of the tyrants. Chen Fan believed that the reason why those investors who knew the news did not participate in the market at this time was probably because the uncertainty was too strong.
This uncertainty does not refer to the production restrictions and price insurance, but the time when they negotiate conditions and complete the distribution of benefits.
Time flies inadvertently, and soon the rice stocks opened.
Qualcomm's stock price trend this week has been determined to adjust the time, and it needs to wash the trend of the market entering the market, so Chen Fan didn't pay much attention to He Li and his operations.
In Chen Fan's view, Oracle Software, which has recently increased its position, also needed a short wash-up process after the soaring surge last week, and it required a cleanup of profit-making orders entering the market below, so there is not much chance of strengthening in the short term.
Now, the stocks that Chen Fan is focusing on are unlikely to have a strong market this week. At this time, he can only do his daily work again, screen the stocks in the stock pool, and readjust to determine the investment proportion of the stocks. Some stocks will perform some reduction operations, and some stocks with rising potential will start to increase their positions.
This month, because I was having fun outside, this work was not carried out. Although Chen Fan also tracked some stocks with more positions, the adjustment work was actually very small in that month.
When Chen Fan adjusted his new portfolio, it was almost 11 o'clock. It took two hours to complete the portfolio adjustment plan and send the new portfolio to Zheng Xiaopang, "Xiaopang, the new portfolio, look, if there is no problem, send it to the two team leaders below and let them execute it."
After saying that, Chen Fan leaned on the chair with a little tired look on his face, his hands constantly softened his a little swollen temple.
"What do I see? Just do it according to your ideas." Zheng Xiaopang replied casually.
Seeing Chen Fan's tired look, Zheng Xiaopang suddenly laughed, "After playing for a long time, I'll have a lot of things to do this time. Are you a little uncomfortable?"
"Somewhat." Chen Fan did not open his eyes, but he replied, "But today the position adjustment is done, and I won't need to do this in the next few days. Just take a look at it a week. The left and right are just fine adjustments, and the big adjustments are once a month."
After looking at it, Zheng Xiaopang sent the new position plan to the two trading team leaders below, but he still said to Chen Fan: "I really plan to reduce trading on the futures side for the time being?"
"Yes, it's enough to control it within 100,000 lots. Although it's bullish, you can see the current position. The trading of futures indexes is very small and not active at all. Obviously, there is no large capital entering the market, so our operating space is actually not large."
Chen Fan sighed and said, thinking about using futures as the main battlefield at the beginning, but after half a year, the trend of rice stocks has been fluctuating and rising all the way. During this period, it has repeatedly fluctuated violently, making money much less than expected, because a lot of time and fluctuation space has been spent at those points.
Unless it is a small capital that can quickly enter and exit the market during market fluctuations, seize every adjustment and reversal of the market, then the profit will be very generous. Unfortunately, Chen Fan did not have such conditions. His huge position determines that he will hold his position after the position is completed, and the opportunities arising from the market fluctuations can only be given up.
"Nothing is easy to do now. Today my oracle bones are still falling." Zheng Xiaopang also sighed and said, "I'm really impressed by you, the crow. That dealer should have to wash the market. If he bought it at the beginning of last week, he wouldn't do anything. Now it's more than 30% of the profit."
Chen Fan opened his eyes and looked at Zheng Xiaopang, "The Oracle bone inscriptions are indeed weak today, but it is reasonable. 8.84 meters, the highest price last Friday was 8.98, and it is estimated that it will turn popular soon."
"Fuck, it's already red, now it's 8.75 cents." Zheng Xiaochong muttered.
"Qualcomm has fallen below 16 yuan, that drop is the big one." Chen Fan smiled at Zheng Xiaopang's appearance, "I only knew what was going on when the market closed. Otherwise, we will have no chance this week."
"The market is going well, and it has risen below 2,600 points again. I guess it will go up today." Zheng Xiaopang said, looking at the computer screen.
"How is the job of changing positions in the futures group doing?" Chen Fan suddenly said.
"We have completed more than 40,000 lots. The June contract has been closing positions, but I think the capping of your 100,000 lots is still a little less. At that time, we will build more than 200,000 lots of positions in the March contract."
Zheng Xiaopang was still a little unwilling to give up, "You said that the Nasdaq may start to rise now. It's time to increase your position and go long. I don't understand why you have to limit your position again and leave money without making money. Is this really good?"
"The funds are a little tight now. You are responsible for the overall coordination of funds. Don't say you don't know about this." Chen Fan looked at Zheng Xiaopang before saying, "There is only less than one billion left in cash. Shrink the futures index and increase some reserve funds to be safe."
"We can still raise funds. If the funds are really tight, we can go through several channel dealers to quickly raise funds. If the time requirements are not high, we can still find a bank to provide financial support. I don't feel that the funds are tight." Zheng Xiaopang shook his head and opposed.
Chapter completed!