Wall Street Legend

  Chapter 221 Read More

The last time Ye Dongqing set foot in the oil futures market, he had his eye on the rising market in 2004. This investment was a decision that had been made long ago. For this reason, he did not hesitate to find Bernard Madoff. It doesn't make sense to get a large sum of money at a high price, because McCord and others are worried, let him give up another chance to make a lot of money.

  Speaking of which, the timing of investment is not bad, but certainly not the best.

At present, the crude oil futures price in New York has exceeded 34 US dollars, and it was only 256 US dollars last time. If leverage is included, it means that he has "lost" a lot of money. It means a loss. Many institutions have recently cashed out and left the market. Those who are bullish have made enough money, mainly because they have suffered the loss last time and feel that there is a possibility of another flash crash in a short period of time.

The mainstream thinking is almost like this, which is one of the reasons why Mr. McCord and others think that trading volume should be reduced or hedging should be entered. However, the truth is often concentrated in the hands of a small number of people. Ye Dongqing knows that the general trend in the next few years will be However, there may be relatively large fluctuations in the short term, but the overall trend will show an upward trend.

Today's oil price base is still small, so he thinks there is no need to worry too much. Oil producers, oil sellers, and even tax collectors are profitable. This wave of oil price rise is in the interest of everyone, except oil-poor countries. and consumers who don't care.

Although with the arrival of Ye Dongqing, the world has begun to move towards a different development path from the previous life, but people's greed will not change. Look at the war that broke out last year, it still appeared at a critical time. Ye Dongqing can learn from these contexts. Find the key points, such as the rise in oil prices this time, which he had predicted as early as after the war started.

From the perspective, every war is often driven by profit, and the recent rise in oil prices is no exception. Based on the information Ye Dongqing has obtained, the buying price for entering the market at this moment is quite appropriate, eight to ten times Different leverage, due to the large scale of the sale this time, the funds were dispersed to New York and London, and we are temporarily planning to buy in two weeks, with long and short delivery times in order to flexibly adjust positions.

U.S. crude oil is one of the "WTI crude oil contracts" on the New York Mercantile Exchange. The WTI contract uses Texas light sweet crude oil as the underlying object. On the basis of spot transactions, it becomes the world's crude oil price An important part of the system, all crude oil produced in the United States or sold to the United States is priced with light, low-sulfur WTI as the benchmark oil, which is not much different from Brent crude oil in the UK.

As the two oil futures markets with the largest trading volume in the world, there are investment banks, fund companies, non-profit organizations, multinational organizations, individual investors, etc. The daily trading volume is very large, and many countries can be seen from it. For example, Japan, South Korea, etc. lack oil resources. Japan is an island country, and the demand for resources is quite large. Almost every commodity exchange has their shadows.

Ordinary people have no access to raw materials at all. They spend money to buy finished products that have undergone processing and price increases. Recently, the price of crude oil has risen astonishingly, so that the game situation between the long and the short has become more obvious. Ye Dongqing's investment On the first day of the market, they successfully raised the price of crude oil futures by 30 cents with leveraged orders of 4 billion U.S. dollars, but it didn't last long before falling again, and then rebounded again without causing much fluctuation.

After all, it is only 4 billion US dollars. With the recent surge in trading volume, there is not much trouble in the global crude oil trading market, but it is enough to make many nervous investors pay attention to him. Naturally, many camps feel Happy, Ye Dongqing's two shots last year ended successfully, they thought it would bring good luck. The herding effect can be seen everywhere in the commercial field. The more bullish people are, the less likely the price of crude oil will fall.

For Ye Dongqing himself, this kind of futures scale is much more exciting than going to Las Vegas to gamble directly. Recently, there are not many businesses that can attract him. Definitely a gamble...

Now that a decision has been made, Mr. McCord will not say any more. He rushed to Wall Street early this morning to discuss business with the group of multinational investment banks and brokerages. The bank also needs to communicate and coordinate well, old Bernard This fund is regarded as private placement, subject to less supervision, and more flexible in terms of capital flow.

As soon as Ye Dongqing came to the office, she turned on the data terminal and looked at the stock prices of Apple, Netflix and other companies. The recent upward trend is quite good, and then the screen stays on the page of oil prices in the United States, and the numbers are fluctuating up and down. , 34 US dollars and 18 cents a barrel, excluding handling fees, etc., his average starting price is 34 US dollars and 26 cents, which is equivalent to more than 116 million barrels of oil, enough for the world It consumes more than one day. At present, the world consumes more than 80 million barrels of oil per day. Considering the cost of storage, almost no company will store it for a long time, and generally sell it after production.

When the oil price rose in February last year, some oil tankers stopped on the sea and were unwilling to declare at the customs. After all, if they stayed for a day or two longer, they might have earned back the freight several times. This situation happened again recently, and the oil price continued to rise. When the entire industrial chain is driven, consumers will suffer the most, and oil prices are often adjusted upwards, which means they have to spend more.

Playing futures is far more exciting than investing in the Internet industry. Although the Internet industry is destined to bring more profits to Ye Dongqing, the process seems a little boring. The contract before him today is more like gambling. A penny means millions of dollars in profit or loss to him. How many million dollars can an ordinary person earn in a lifetime?

The whole morning was spent on browsing information and handling procedures and other issues. I made more than a dozen phone calls. Today is Sunday, and most of the employees do not go to work. For futures, some employees were forced to stay and work overtime. No way, who told the Middle East to rest on Saturdays and start trading on Sundays? People need to rest, but money never rests.

  Choosing a relatively bad start-up period, Ye Dongqing quickly lost more than 10 million US dollars, and almost forty Rolls-Royce Phantoms disappeared, at least temporarily, which made him a little unhappy.

They are all dog noses. Little Edward came to visit suddenly, his hair was messy, and he probably went out without washing his hair. He sat opposite Ye Dongqing and asked energetically, "I heard that you are bullish on crude oil futures. How about it?" , are you sure this time? Don't worry, give me first-hand information, I will never treat you badly..."

  (end of this chapter)