Chapter 102: The Dragon King is Truly Impressive, I Love You!
Both sides reached a new agreement.
Lin Beifan’s investment scale needs to exceed 500 million before it’s necessary to inform. There’s no need to say much about those small orders testing the market ; they couldn’t afford the turmoil.
On the second day, Lin Beifan brought Wu Ge back to the trading room once again.
“Brother, after yesterday, what are your thoughts now?” Lin Beifan smiled.
“My biggest feeling is that the futures market is incredibly exciting! Some people make crazy profits, while others incur crazy losses! Some win and want to dance, some lose and want to curse!” Wu Ge empathized, saying, “It’s more thrilling than buying antiques and gambling!”
“Exactly! Although we made a lot of money, there are many people behind us who bear these losses! The money we earned yesterday is the money they lost—around 1.1 billion! It could be numerous companies or maybe just one super foolish person!” Lin Beifan laughed.
Wu Ge nodded in agreement once again.
Zhaotian, the Dragon King, is that foolish person!
The epitome of utter stupidity!
His mind is filled with nonsense!
“President Lin, what are we playing today?” Wu Ge asked.
“Today, we’re sticking with soybean futures!” Lin Beifan explained professionally, “Yesterday, soybean prices plummeted by 10%! There was no bearish news that day, so this situation is abnormal, and prices are bound to rebound! So today, we’re going long on soybean futures and securing this money firmly in our pockets!”
Wu Ge nodded.
“Did everyone hear that? Go long on soybeans, buy 200,000 lots!” Lin Beifan loudly commanded.
“Yes, President Lin!” The traders responded and began working busily.
One after another, buy orders were placed.
“Wait a moment, let me handle this!” Lin Beifan called out.
“President Lin, you…”
Lin Beifan rubbed his hands and said, “It’s been a while since I operated personally, and my hands are a bit rusty. I want to have a hands-on experience!”
“Please, President Lin!” The trader cleared a space for him.
While everyone was busy, Wu Ge called out, “President Lin, I’m going to get some water!”
Lin Beifan waved his hand and continued with his busy operations.
After Wu Ge slipped out, he found a secluded spot and immediately sent a text message.
“Lin Beifan is going long on 200,000 lots of soybeans!”
The headquarters of Dragon Tooth Capital quickly received the message.
“Report to the Dragon King, the message has come in. Lin Beifan is going long on 200,000 lots of soybeans!”
Dragon King Zhaotian held up a champagne glass, a smug smile on his lips. “Ah! I knew he would go long on soybeans because yesterday’s situation was abnormal, and the market is bound to rebound, and soybean prices will definitely rise again! Lin Beifan is a financial genius; he couldn’t possibly not understand such a basic principle!”
“Dragon King, you are wise!” The men in black chorused.
“However, I deliberately choose to go against him,” Dragon King Zhaotian exclaimed loudly, “Go short on soybeans for me!”
A black-clad individual with golden-rimmed glasses exclaimed, “Dragon King, going short on soybeans at this time comes with significant resistance. We’ll spend more money, and it may not be worth it!”
“I’m well aware of that, but we need to catch him off guard!” Dragon King Zhaotian grinned triumphantly, “Lin Beifan definitely won’t expect another sharp drop today; it will surely make him question his life choices! Haha!”
“If this makes Lin Beifan lose money, what’s a bit of loss for us? But to avoid bigger losses, pour a substantial amount of money right away! Speed is crucial; let’s push it down to the limit quickly, and our losses will be much smaller!”
“Yes, Dragon King!” everyone responded.
With the Dragon King’s command, everyone went wild in shorting soybean futures.
Meanwhile, Wu Ge returned with a bottle of water, acting as if nothing was happening.
Seeing Lin Beifan’s busy demeanor, he couldn’t help but ask with some concern, “President Lin, are we still going long on soybean futures?”
Lin Beifan nodded, “Of course, going long now is our best chance to profit!”
Wu Ge relaxed, a faint smile appearing on his lips.
Go long!
Today won’t bankrupt you!
Just then, the big screen refreshed, displaying a large bearish candlestick.
Soybean futures plunged by 2%!
Everyone was bewildered.
“What’s going on?”
“Why is soybean dropping like this?”
“This is abnormal!”
Then, the screen refreshed three more times.
Each time, a large bearish candlestick appeared, and soybean futures plummeted by another 2%!
Everyone was stunned.
“Why is it dropping again?”
“Did some significant bearish news hit the market?”
“Why is the drop so severe?”
The screen refreshed once more.
Although this time it didn’t drop by 2%, it still fell by 1%!
In just a few moments since the earlier refresh, soybean prices had plunged by 5%!
Panic spread among the traders.
“Wow! How can it keep dropping?”
“If there’s no bearish news, it must be a big player manipulating the market!”
“A 5% drop means we’ve lost at least 600 million!”
“Quick, close the positions to limit the losses!”
Watching the frantic crowd, Wu Ge felt extremely satisfied and joyful.
If circumstances had allowed, he would have wanted to dance, just like yesterday. This time, the Dragon King was truly impressive; I love you!
Watching the green screen, Wu Ge’s heart was filled with a malicious thought:
“Keep dropping, keep dropping, it’s best if it never stops dropping! Plunge to the depths! Spit out all the money we earned yesterday!”
At this moment, someone excitedly exclaimed, “No, no, we’re not losing! We’re making money!”
“How can we be making money? The market is crashing, we’re in deep trouble! Did you read it wrong? Are you hallucinating?” One trader said, excitedly adding, “I really didn’t read it wrong! Look, we’re shorting 200,000 lots of soybeans! We’re actually in profit, already made 563 million!”
Everyone gathered around the computer to check, and they were all astonished.
“Oh my God!”
“At this moment, they couldn’t find the right words to describe their feelings.
Unexpectedly, things had taken a complete turn, and the surprise came too suddenly, catching them off guard. This time, even Wu Ge was left dumbfounded.
“Shorting soybeans… how is this possible?” He excitedly pushed through the crowd, rushing to the computer, and indeed, there was a short position! Currently, a net profit of 563 million was displayed, looking exceptionally eye-catching. Wu Ge was completely flabbergasted.
“Who was operating just now?” Everyone turned to look at Lin Beifan, who wore an innocent expression.
“President Lin, did you once again predict the market trend and shorted accordingly?” someone exclaimed excitedly.
“Definitely, President Lin is amazing!” someone complimented.
Lin Beifan shook his head, “No, I was originally going long… but…”
“But what?” Lin Beifan explained, “Perhaps it’s been too long since I last operated, and I accidentally pressed the wrong button, haha!”
“Wow, you can even press the wrong button like this?”
“President Lin, you are something else!”
The praise and flattery flowed in from all directions, making Lin Beifan feel delighted, and he burst into laughter, “Hahaha…”
Wu Ge: “Fck!”
