NOVEL NEXT Chapter 644: Making Money Is Secondary!
"Is it an outside player unable to resist entering the field? Or is it my old friend Kamon, finally being sensible?"
Lu Liang squinted his eyes, though he couldn't figure it out, it was definitely good news for them.
Because the sign of victory or defeat had already appeared.
Lu Liang suddenly had an idea, a mischievous smile appeared on his face, full of excitement, as he jogged to the communication room.
"Brother Yutao, Mr. Lu, what is happening here?" Liang Wenhu was at a loss.
Sun Yutao laughed, "Most likely, our Mr. Lu is going to set another trap, and it's not just for one person."
Having worked with Lu Liang for years, he had seen this expression countless times. Whenever it appeared, someone was in for bad luck, very bad luck, with blood loss.
The last time was defending the New Energy Index; those funds with Hong Kong Capital skin were trapped inside by Lu Liang, forced to passively defend the country's interests.
And the time before that, when shorting the yen...
"Xiaochao, take an appropriate profit and withdraw when necessary."
"Finally, sell a few contracts of quantity 9527, let me know you've exited."
Making calls all the time was really time-consuming and easy to miss good opportunities, so Lu Liang and Wen Chao agreed on a code.
As long as the market had multiple 9527 long contracts, it meant Wen Chao's team had successfully cashed out and left.
Tianxing, Xingheng, both are important; Lu Liang won't prioritize one over the other.
This time he plans to cover for Xingheng, let them leave first, and then it will be his showtime.
JPMorgan has invested at least 80 billion, but if they leave in one piece, Lu Liang will change his name to Liang Wilson.
Ending the call with Wen Chao, Lu Liang returned to his position and looked at Sun Yutao, "How much funding do we have now?"
"We've got 5.8 billion US Dollars left." Sun Yutao looked at the London Gold chart and suddenly felt a lot lighter.
Even though Xingheng provided financial aid, their ammunition was almost depleted; it was good that the dawn of victory was finally visible.
"Reserve half, use the remaining funds all in. Let them want to be bullish, only to help us prop it up."
Although the sound prediction was that London Gold's highest price would be 1750 US dollars, it was no longer relevant.
JPMorgan wants to destroy him, Lu Liang won't be merciful either, planning to explode London Gold's price in one go.
The higher London Gold's price, the faster Xingheng exits, the more JPMorgan loses, and the more they earn.
"Received!"
With a command, 2.9 billion US dollars of long funds poured out, sweeping all short contracts in the market.
The aggressive approach, massive transaction amount, very distinctive, letting everyone know whose handiwork it is.
"Is it the final battle now?"
"The decisive moment of victory?"
"Should be Tianxing's win, right?"
"Hard to say, JPMorgan Chase is very powerful."
The observing retail investors and small institutions were eager to move.
This war-worthy financial battle, started at 5 PM Beijing time, went on for a full three hours, and they had been viewing for three hours.
Watched as each side took turns performing.
The bulls and bears seemed to have unlimited bullets, every transaction was like an apartment in Beijing, Shanghai, Guangzhou, Shenzhen.
Watching with hearts surging, wanting to slap themselves not for anything else but for the mere passion.
Seeing the victory about to be decided, many spectators couldn't sit still anymore, starting to bet ahead.
Experienced old retail investors know, chasing up and killing down may be stable, but not profitable.
Because when the public knows they can buy-in, it's often when institutions cash out. Read ahead and get updates at M*V*L*E*M*P*Y*R.
Only early, can they follow institutions and profit retreating.
At once, market trading volume surged.
Bulls were fierce, bears retreated continuously.
In no time, gold prices reached 1720 US dollars, broke today's high, representing full-scale bear collapse.
Seeing this, Wilson's lips curled, eyes flashed an undetectable smile.
Finally good news, Lu Liang is still the same Lu Liang, not lenient because a different opponent.
He was defeated by Lu Liang, and so was Doug.
Proving everyone on par.
No senior brother can laugh at second brother.
Jamie watched, suddenly spoke, "The bull market has started, let's pull it up, now finding the right sell point is more important than anything."
Doug showed reluctance, he wanted to prove himself, but Lu Liang gave no chance, precisely no one could sneak away.
He clenched his teeth firmly, loudly said, "Lock all short positions, go all out for London Gold."
Holding over 80 billion US dollars in short positions, they dared not close them now.
Because the essence of shorting is borrowing to sell,
Borrowed items must eventually be returned.
How to return?
Buy back from the market and return.
London Gold's rising channel was open, if they bought large now, even a price surpassing 1800 US dollars isn't surprising.
Only lock positions first, pay high overnight fees, wait for price adjustments, then buy back slowly.
Meanwhile,
outside that street, the world's most famous street.
On this street, nearly a hundred financial institutions big or small made a unanimous choice secretly.
The result was decided, next it's a golden age.
Market emotions reached consensus, gold prices unstoppable, suddenly surged, a scene of a dragon soaring.
1730 US dollars...
1740 US dollars...
1750 US dollars...
1760 US dollars...
1770 US dollars...
In a moment, the surge approached 1% infinitely.
At this point, the market saw over a dozen long contract deals in quantities of 9527.
"You're not greedy either, know to quit when ahead."
Lu Liang smiled, knowing it was Wen Chao's signal, representing 16 billion US dollars of Xingheng chips fully cashed out.
In such a rapidly rising market, over 220 billion US dollars traded in minutes, 16 billion funds wanting to leave couldn't be simpler.
Tianxing Fund's 39.2 billion US dollars chips, cashing out was actually simple too, but Lu Liang wanted to give the market a final gift.
"Wenhui, ready? Time to start our show." He looked at Liang Wenhu.
Tianxing Fund introduced quantitative trading; even if the news wasn't leaked today, with time, it would be revealed.
Why not seize this chance, go big, actively move from backstage to center stage, since they're here, can't waste the trip.
Mainly such a good trick.
Yet finding nowhere to use,
Lu Liang refused to accept.
"All prepared."
Liang Wenhu's solemn face, hard to hide excitement in his eyes.
Huanfang's independently developed Firefly No.1 would finally debut on the world stage, perform with Wall Street's elites.
He appreciated Lu Liang, grateful for this opportunity, also allowing him to know if the self-proclaimed top-tier AI quantitative model was self-entertainment or truly qualified.
"Yutao, how about your end?" Lu Liang asked again, Sun Yutao replied, "All set."
Apart from the offshore renminbi's principal plus profit totaling 6.2 billion US dollars, they planned to invest the remaining funds and all chips now.
Assets valued over 42.1 billion US dollars, all entering AI model-managed London Gold accounts for fully automated quantitative trading.
According to Lu Liang, this would completely stir the water, and they could fish for fortune within.
Trading frequency exceeding 300 times per second, and under complete market ignorance.
Sun Yutao couldn't imagine their project's total profits would be remarkably high.
Because as of now, they've earned 3.3 billion USD.
"Profiting is secondary!"
Lu Liang smiled with squinted eyes, intending to gift Kamon. As long as they used quantification, maintained high-frequency trading, JPMorgan had no precondition for unwinding positions.
They needed to buy chips to close positions, while the fully automated quantitative trading represented the peak of chase-up kill-down.
If they dared buy massively, quantitative trading would consistently buy low sell high, steadily pushing London Gold prices to high positions.
While earning substantial profits, increasing JPMorgan's closing costs, alongside other institutions' costs of buying up.
Moreover, if timing is right, they could flee faster than a rabbit, leaving the market in chaos.