Impossible.
Chen Hong didn’t just get news from one source that copper futures would rise, whether it was from spies around Lin Xiaoyun or news from the Capital City circle, it was the same.
Chen Hong even heard that Luofeng had disclosed the news of rising copper futures to some tycoons on the Huya platform.
Yet under such circumstances? It seems it can only be explained as a misjudgment by Luofeng?
But this mistake is truly fatal.
Chen Hong staggered out of Tong Sushi.
His last hope now lay in the previously set stop-loss line.
If the stop-loss line works, then there is still a chance to turn the tables.
If the stop-loss line fails.
Then everything is doomed.
After all, the stop-loss line is not a foolproof guarantee.
Because in the real investment market, prices don’t fluctuate linearly.
Especially in the London copper futures market, there is no limit on price rises or falls.
Once there is a huge market fluctuation, it could lead to a price gap, directly surpassing the stop-loss line, causing an immediate liquidation.
After all, in the real market, trading is a bilateral action, it’s not just one-sided selling.
Because the zero-sum game rule restricts such behavior.
And now, with a super-large copper mine discovered in Daxia, this situation will greatly limit the overseas copper mine alliance’s pricing power over Daxia’s copper.
Back in his office, Chen Hong nervously opened his computer.
Then checked the situation.
The next moment.
He slumped heavily into his office chair.
Because the futures market did indeed show a price gap, with an immediate drop of about 5.7%.
Chen Hong used twenty times leverage.
The maximum bearable price change was 5%.
If it were the Shanghai copper futures market, Chen Hong could survive because the Shanghai market has price rise and fall limits.
But Chen Hong’s greed took him to the London futures market, where everything was different.
Not only did it surpass Chen Hong’s set stop-loss line.
It directly broke through Chen Hong’s position bottom line.
Making twenty times as much is indeed enjoyable.
But losing money gives one a headache.
High returns truly come with high risk.
Chen Hong lost all his capital, and he even needs to make up for the funds.
Chen Hong suddenly burst into laughter.
A hysterical laugh.
A total of over 40 billion, all gone.
Among it, more than 20 billion was borrowed from various channels in financial companies.
He now has no way to repay these funds.
Everything is doomed.
Chen Hong shakily picked up a cigarette, lit it several times before it finally ignited.
He walked out of the office and went directly to the rooftop through the emergency exit.
Shengyuan Group is over eighty floors high.
Chen Hong arrived on the rooftop and began taking selfies with his phone.
About a minute later.
Chen Hong recorded a message for his family and lit another cigarette.
The wind on the rooftop was strong, and the cigarette was blown out after being lit.
The fate of the cigarette was like his own fate, too much wind, even if forcefully lit, it couldn’t continue.
He looked down at the bustling city below, the cars and people like ants.
He had failed.
Utterly defeated.
Once the pride of the heavens, now completely disheartened.
Chen Hong hesitated for a moment before finally dialing Luofeng’s video call.
Was Luofeng as miserable as he was?
Even if Luofeng used ten times leverage, with a 5.7% drop, Luofeng wouldn’t fare well, would he?
Chen Hong knew that Luofeng had raised a billion in the Capital City circle.
But clearly.
Luofeng refused to talk to Chen Hong.
Chen Hong was momentarily stunned, then burst into laughter.

VERIFYCAPTCHA_LABEL
Comments
The readers' comments on the novel: Tycoon: I can see the goddess's wish list