Chapter 89: Turning the Tables and Riding the Wave—Profit!

The entire morning passed without any movement in the spot market. Zhang Long was holding fifty short contracts, and unless this position was released, there was little he could do; under 6300 points, would the price continue its steep decline or would it rebound and break upwards? All he could do was wait for the market’s reaction. The domestic market switched to the international one, with a discrepancy of no more than 0.1 seconds in the trend.

...

“OK, no problem.”

At lunchtime, Zhang Long went to a tea restaurant near his residential complex to meet Qian Caiying. The million-level account for Hongze was ready, activated just that morning. It would be fully operational tomorrow. He carefully reviewed the entrusted agent contract, finding no traps—it was a generic template pulled from the internet.

Nonetheless, certain details had been negotiated in advance during their previous meetings, and the new contract had been modified accordingly. The ten million in capital would not bear losses. However, if Zhang Long incurred losses exceeding thirty percent, the cooperation would be suspended; Qian Caiying, as the principal, had the right to freeze the account. Whether to resume cooperation would require renegotiation, and at the very least, Zhang Long could no longer keep all the profits without bearing losses—this point was not disputed.

If Zhang Long lost three million before turning a profit, he wouldn’t even need Qian Caiying to say anything; he would stop on his own. Another key point concerned monthly profit and loss settlement, which was left to Zhang Long’s discretion. As long as losses didn’t exceed thirty percent, Qian Caiying could not intervene in trading. If Zhang Long made profits and withdrew funds, she could not prevent him.

Of course, withdrawals were only permitted when the funds exceeded the ten million principal, and this was also undisputed. The final clause was that the account could not be disclosed externally; only Qian Caiying was allowed to reference and view it, and it could not be handed to Hongze’s analysts for operation. The fewer people who knew, the less trouble there would be.

The entrusted account, naturally, was not Qian Caiying’s own, nor was it the same as the Shengxin account operated previously. It belonged to the young woman beside Qian Caiying at that moment.

Zhang Long didn’t ask further and signed the contract with this woman, not with Qian Caiying. After signing and meeting, he returned home.

...

“So quiet today?”

Back home, Zhang Long tossed the contract folder beside his computer desk. Spot silver hadn’t shown much movement yet, but that made sense; after a plunge, the market needed time to buffer and regain composure before determining its next direction.

Thinking about it, 6300 points was awkward today—a push upward could reach 6500, a drop could probe 6000. The overall trend for international gold and silver remained bearish; following the trend, the most scientific and rational approach would be to short below 6500, and only short.

Objective analysis made the direction clear, but once immersed in trading, composure was harder to maintain. After a sharp decline, there was an urge to catch a rebound, unwilling to miss any opportunity. The outcome mattered, but so did the thrill of the process; it was addictive.

With intraday T+0 and unlimited trades, it seemed flexible and free, but the risks were infinitely amplified.

Human greed made rationality difficult.

“Give me a suggestion.”

After some contemplation, Zhang Long decided to turn passive into active, directly requesting trading advice from Huiyin, intending to use today’s first premonition to judge the subsequent trend. If it was going to drop, he could settle his nerves; if it was going to rise? He’d run, reverse, and go long.

“Buzz, buzz buzz—”

Soon, Wang Jing sent timely trading advice. Zhang Long glanced at it and looked at the market; as his eyes trembled, he reacted: Damn!

The spot movement was truly bizarre.

“Phew, thank goodness.”

Zhang Long let out a long breath, pinched his brow, and stared at the market. Last night, it had continued to drop from 6300, nearly hitting his take-profit. Logically, the day’s movement should follow suit, but it didn’t. Before the European session in the afternoon, it would rapidly break above 6300, reaching around 6410.

And that was it—the premonition ended.

His fifty short contracts getting stopped out didn’t matter, but without the premonition, Zhang Long wouldn’t have dared chase the rebound upward, missing this wave of recovery.

...

“Huh? What the—”

“6300 has been broken.”

From market opening until just now, silver prices stayed below 6300. Last night, they nearly dipped to 6240, and Zhang Long’s position was three points away from take-profit. But just as the international European session was about to open, the price suddenly surged.

Within half a minute, it broke through 6300.

Wang Jing naturally saw this movement and thought to herself that Zhang Long’s shorts were likely finished. Sure enough, moments later, the price broke through the usual forty-point stop-loss threshold. Hopefully, he wouldn’t cancel his stop-loss and hold the position, or else further increases would lead to heavy losses.

“Wow, Brother Long is impressive.”

“He even dared to chase the rebound!”

Suddenly, a fresh client trading screenshot flashed in the group chat. Wang Jing heard her colleagues exclaim, glanced at it, and her eyes narrowed. The long position clearly displayed Zhang Long’s name—fifty lots. What? Was she seeing things?

She then checked the closed trades. After all, without closing the short, there wouldn’t be funds to go long—manual close at 6320?

“Brother Long is decisive, so cool.”

“He reversed and went long right away…”

Zhang Long’s fifty short contracts lost only twenty points before he manually reversed, closing and opening a long position. This meant he didn’t wait to see if the stop-loss would be triggered; he simply closed and went long.

Reverse trading is a mechanism in the spot market—regardless of your current position, clicking close immediately opens the opposite position. Zhang Long’s fifty shorts were sold off and instantly replaced with fifty longs, without the need for cumbersome operations like closing, then building a new position, selecting kilograms, and specifying lot size. It was a swift exchange.

Such speed was crucial during sudden market reversals—not a moment wasted. Otherwise, by the time you finished closing and opening a new position, the price could have already soared.

Missing out on quite a few profit points, indirectly.

...

“Whoa, another ten lots?”

Just as Wang Jing regained her composure, Zhang Long’s reverse long position started showing floating profits, and with some remaining funds in his account, he managed to buy another ten lots at 6350, continuing to chase the rally.

Aggressive and decisive, without hesitation.

Both Wang Jing and her department colleagues were surprised and stunned—this was extremely aggressive. But they could see Zhang Long’s trading style: cut losses quickly, push hard on profits.

“Phew, that’s good.”

In a riverside apartment on the Bund, Zhang Long let out a breath. The first 50-lot long could earn him sixty points, about 150,000; the second, an extra ten lots, could bring in thirty points, 15,000.

And this was net profit, after deducting spreads and fees: 165,000.

He had previously lost 150,000 in three trades, but this rebound made it all back. The extra 15,000 was a bit of hard-earned compensation.

Thinking about it, Zhang Long couldn’t help but cover his face. Without his “golden finger,” his three solo trades had all ended in losses, leaving him speechless—even though they weren’t random trades, but carefully analyzed and well-timed. Still, it didn’t work out—so unpredictable.

With such a capricious market, if you always won, you’d have to try to lose on purpose—no need. Aside from the three guaranteed daily premonitions, there was no chance. Even if analysis was correct, you might not hold onto the profits; one moment of hesitation, and gains turn to losses.

Thus, his spot trading strategy and mode were set. For profits, just follow platform advice—right or wrong, the premonition always turns into gains. The rest of the time, analyze and play as he wished, interspersed with guaranteed premonitions.

As long as losses were controlled, anything went.

He still had two premonition trades left today. Tonight, he had to seize them—no matter what, he’d earn fifty thousand before sleeping. As long as the losing trades in his account weren’t excessive, there’d be no problem; being able to earn was Zhang Long’s skill.

Huiyin account this week: rake in five million.

Next week, he’d open two more spot accounts; this month’s target of thirty million in profits looked certain, barring surprises.

“Buzz, buzz buzz—”

Suddenly, his phone rang. Zhang Long picked it up, his gaze sharpened: Forget it, I’ll go meet them.