Chapter 86 Full Position Once More: Go All In! (Please Keep Reading)
40 contracts, 50 kilograms each, long position? Wang Jing was a bit baffled. Was Zhang Long making another careless mistake or was he trying to catch a rebound? She hesitated for a moment, deciding to keep silent and observe for now.
The recent sharp drop was mortifying. If the price did rise, how could she face her clients and continue coaching them? All her advice had been wrong—what a disaster.
...
“Damn, that’s incredible.”
“Jing, you’re so bold. Zhang Long just bought another 40 contracts, 50 kilograms each, long position? No problem catching the rebound, but the key thing is that he’s all-in again. Trading volume is soaring.”
“Amazing, this client is way too aggressive. He’s been blinded by his profits—he won’t last long.”
“All-in ten times? One mistake, one forced liquidation, and it’s over!”
“Too bad, he won’t survive.”
To Wang Jing and her fellow advisors, aggressive clients were generally good news. But too much aggression was risky: spot prices fluctuate wildly, and it only takes one big loss to wipe everything out.
Forced liquidation or margin call—it’s all the same.
Looking at Zhang Long’s 40 long contracts, Wang Jing knew the commission would be substantial, but she couldn't feel truly happy. If such a promising client were to wipe out after just a few trades, what then?
The best approach was half-position trading; even after a big loss, there would still be capital left to restart. Unless Zhang Long was truly wealthy, able to immediately top up his account after losses, otherwise...?
“Damn, what the...”
“The rebound is happening!”
When the chat group suddenly exploded, Wang Jing quickly looked at the trading screen. The price of silver was rising rapidly from around 6300 points, instantly breaking above 6350 and continuing upward with strong momentum, as if aiming to reclaim 6500 points.
“Zhang Long, you’re awesome.”
“The last short made nearly 300,000, and this rebound will earn a lot too. Incredible.”
“Jealous—such luck.”
Wang Jing pressed her lips together, secretly relieved she hadn’t called Zhang Long to tell him he’d made another mistake. Thankfully, she chose to observe—otherwise, she’d have no face left to coach him.
Too embarrassing—enough to lose three rooms and a living room.
...
“Phew, let’s wait.”
Zhang Long let out a light breath. The rebound had soared nearly 80 points in an instant, and around 6380 it would oscillate for a while. Only at noon would it surge again to about 6450 points, and then it would be over.
What happens after, no one knows.
Foreseeing the rebound ending at 6450, perhaps this meant the wave trade would conclude, or maybe it was about to start falling again.
“Bzz, bzz bzz~”
Wang Jing called. Zhang Long’s lips curled slightly as he answered.
“Long, did we short just now? If so, I guess we got stopped out, right?”
“No, we didn’t.”
Zhang Long replied ambiguously. “I felt there would be a rebound, so I bought long. Worked out.”
“Oh, really? That’s good.”
Wang Jing sounded greatly relieved. “This rebound was over 80 points, and now it’s stalled. Whatever the size, it’s best to take some profits and reduce the position. Leave the rest to chase higher returns, but don’t be greedy.”
“This rebound should top out at the previous support at 6500, which is now resistance. If it doesn’t break, that’s the new barrier. Take note.”
“That’s all.”
“Okay,” Zhang Long nodded, then asked, “So if it hits just below 6500 and doesn’t break through, that means it’s time to short? Is that what you mean?”
On the other end, Wang Jing was stumped.
This guy is way too aggressive—intraday T+0, unlimited trades, but that doesn’t mean you have to keep trading. Isn’t it exhausting? Is he drunk on profits?
“Uh, yeah, basically,” Wang Jing replied vaguely. Zhang Long continued, “Alright, keep an eye on the market for me. If the rebound stalls, I’ll close the position. If it’s time to short, send me advice—I like to be prepared.”
“Okay, that’s it.”
...
Shengxin, Investment Department, desolate.
Chairman Zhu looked at the department, now reduced by nearly half, and sighed inwardly. The trading division had been abolished, and the remaining supervisors returned to their teams, as if things had reverted to before the reforms.
But back then, the investment department had eight teams—now only four remain, and all are half-crippled.
Perhaps the shareholders never imagined that a power struggle would bring Directors You and Guan to the helm, and in just one month destroy the front-end investment department, causing deep wounds.
Shengxin’s reputation was ruined in the old stockholder circles of the city. How could they achieve performance now?
Old clients chasing funds and trades, new clients opening accounts—everything was much harder than before the reforms.
It’s truly infuriating.
Taking over a half-ruined investment department, if performance didn’t rebound soon, the doors would close—rent, utilities, payroll, platform ads, everything needs money.
If the company doesn’t make money, why stay open?
“Bzz, bzz bzz~”
Hongze’s marketing department: Liang Xue had already arranged workstations for eight employees from Shengxin. Bai Xiaoying, Chang Song, and others all followed.
Many had been encouraged to leave Shengxin, and even if they stayed, it wouldn’t be comfortable. Better to move on.
Hongze’s location wasn’t as good as Shengxin’s, nor was it as large, but at least its reputation wasn’t tainted.
Developing performance would be smoother.
“Xue, phone...” Bai Xiaoying called out. Liang Xue returned to her desk and saw the message—it was from Zhang Long.
But it wasn’t anything important.
He just asked if she was settled in at Hongze, wished her success and promotion, and hoped for a raise and a directorship—nothing but platitudes.
She replied with a quick thanks and was done.
...
“Phew, beautiful.”
As noon arrived, Zhang Long returned from a quick lunch to see spot silver had risen above 6450 points. Though Wang Jing hadn’t sent advice to short yet, it was time to close the position. He didn’t hesitate, selling everything.
Another profit close to 300,000.
After closing, Zhang Long calculated that if he wanted to short, he could only buy 49 contracts, not quite 50.
If the price dropped a bit, maybe.
His mild compulsion made him uneasy—just a bit more capital and he could buy a full 50 contracts. So he simply added another 20,000 to his account.
Meanwhile at Huiyin, Wang Jing saw Zhang Long’s profitable close and his new deposit of 20,000.
What’s going on? What’s he planning?
“Why are you staring? Get the client moving.”
The department director approached quietly. “Didn’t the company just approve shorting? Send it to Zhang Long. He’s made good money today and he’s enjoying himself.”
“Such proactive and aggressive clients must be nurtured. We’re not afraid of him making money, just afraid he’ll stop trading.”
To the department director, Zhang Long could make two, three, or even ten trades—heck, even turn 1 million into 5 million—no big deal.
The company had seen people make tens of millions.
But those who wade in the river often get their feet wet. One big loss and forced liquidation, and it’s back to square one.
They’d seen plenty of investor greed. In financial markets, there are no perpetual winners—only losses.
It’s just a matter of sooner or later. Always losses.
“Bzz, bzz bzz~”
Zhang Long’s phone vibrated. It was, as expected, Wang Jing’s shorting advice—since 6500 hadn’t been breached, it was definitely time to short, buying long was nonsense.
“Well, look at that—I got it right.”
His foresight activated again. Zhang Long saw the trend would indeed fall by evening, and he clicked his tongue in admiration.
Finally, the advice was correct.
So what was he waiting for? 50 contracts, short!
“Whew—full position again?”
At Huiyin’s trading department, Wang Jing saw Zhang Long’s account go all-in with 50 contracts short soon after she sent her advice. She inhaled sharply.
Then she paused, suddenly realizing—he deposited 20,000 just to buy a full 50 contracts?
“Hello, Long...”
Wang Jing called. Zhang Long answered calmly, but then his body shivered and his eyes lit up. “Really? Profits from spot trading can be used to add to positions, that flexible?”
“Yes, Long.”
Zhang Long sucked in a deep breath. He’d thought it was like stocks, where profits had to be sold before they could be used.
Seeing that spot silver was predicted to fall below 6300 points by evening, he could keep profiting and adding to his short position. How could he not take off?
This trade would earn another 400,000—solid.
On the first day, 1 million in capital, doubled!
PS: Seeking monthly and recommendation votes. Tomorrow’s first update will continue before dawn. Help me on Sanjiang.