Siam has completely given up its resistance, and as you can imagine, the Thai baht exchange rate plummeted like a river plummeting three thousand feet.

But in just ten minutes, it was already approaching the 48.5 mark set by Fang Chen.

"Mr. Fang, do we really want to close our positions and run away at 48.5?"

Looking at Fang Chen, Zhu Changhong swallowed his saliva and said with a troubled expression.

"What, you don't want to close your position?"

Fang Chen glanced at Zhu Changhong and said with a smile.

"Well, that's what it means."

Zhu Changhong scratched his head a little embarrassed and said.

There is no way, money is so exciting, and based on the current rate of decline of the Thai baht exchange rate and the amount of funds they have invested, it can be said that by closing his position in three minutes every night, he can earn nearly 200 million US dollars more in net profit.

This is how many people and companies cannot make money in their lifetime.

But now he only needs to close the position three minutes late. How could he not be tempted and want to continue to hold it?

"In the final analysis, these financial games are ultimately a spiritual practice."

Fang Chen shook his head with a strange expression and sighed.

Is it strange that Zhu Changhong has such thoughts?

Not surprising!

Faced with such a huge temptation, it can be said that 9,999 people out of 10,000 cannot resist it.

But losses in financial markets often come from this.

The financial market is changing rapidly, and now it seems to be making rapid progress, and it's a great scene.

But what if bastards like Soros close their positions first?

Let alone 48.5 then, it would be good if you can close out all the chips in your hand at 45.

So based on the calculation that for every dollar the baht rises, he loses US$200 million in profit, does that mean that once the baht rises to 45, he will lose an additional US$700 million.

It sounds like it hurts.

After all, among domestic enterprises, as far as he knew, apart from those monopolistic industries, no one had an annual profit of US$700 million, or more than 60 Chinese dollars.

Even to put it bluntly, if he hands over the 700 million US dollars to Dean Zhu for free, no matter how selfless Dean Zhu is, he will still be showered with huge rewards and honors, even if he is trying to blackmail Dean Zhu.

Dean Zhu had to hold his nose to recognize the thing.

I have never seen those overseas Chinese who can receive various honorary titles and tax incentives by donating hundreds of millions of Chinese coins to charity and schools.

Even if he is one of our own and we give him a slight discount, it is impossible to say nothing to him.

But in the financial market, if it is gone, it is gone, and there will be no splash at all.

But more importantly, once this happens, it can only reduce the profit by 700 million US dollars and close all positions, which is already considered the best result.

Often in reality, when most financial market traders see such a big loss, they feel so painful that they lose their minds, leading to even greater losses.

For example, in the face of a sharp drop, many traders will feel that the bottom has reached the bearish point. Wouldn't it be foolish for them to run now? They may even say something in their hearts, squatting down to get better results.

Take off well, or wait for a rebound before leaving, etc.

But in reality, let alone waiting for a rebound, even if they wait for a rebound, they will still choose to continue to hold it instead of selling because of their greedy desire and feel that the price will continue to rise.

The result is naturally obvious. Anyone who has this idea will basically be waiting for a bigger drop until they are completely trapped.

As for those who delete stock software and never watch the stock market again, there are a lot of people.

These various mistakes are actually caused by inner desires and greed. This is why trading in the financial market is often a kind of spiritual practice.

When your character is mature, you can rebel against human nature and control your inner desires, you will naturally be able to make profits.

This is also related to the fact that the operation of the financial market is too simple and the threshold is too low. Buying and selling is really the simplest operation in the world.

After simply telling Zhu Changhong these and his insights on the financial market, Zhu Changhong suddenly broke into a cold sweat.

In fact, it's not that he doesn't understand the principles Fang Chen said. After all, he has been in the financial market for so many years. How could he not even know these principles?

Even in the past operations involving millions, tens of millions, or hundreds of millions of dollars, he could insist on not being impatient, greedy, or angry. But like now, when tens of billions of dollars are involved, every three minutes

The profit was around US$200 million, so he couldn't control it.

As soon as the thought came to mind, Zhu Changhong looked at Fang Chen with admiration. Although Fang Chen never made waves in the financial market, he was worthy of being a super rich man with a net worth of hundreds of billions of dollars. His mental stability was really remarkable.

Now Qingtian's annual revenue has reached nearly 30 billion U.S. dollars, and its annual profit is almost more than 8 billion U.S. dollars.

So according to the usual valuation method of price-to-earnings ratio, which is calculated by multiplying profits by ten, Fang Chen's net worth can already be said to be more than 80 billion US dollars.

In addition, Qingtian's annual growth rate is indeed too fast, completely unlike the revenue growth rate that a tens of billions of dollars company should have, and Qingtian's investment in computers and the Internet.

This part of the investment itself has a high premium.

Of course, the most important thing is the media's publicity stunt, so Fang Chen naturally became the first super rich man in the world with a net worth of more than 100 billion US dollars.

Although the second-placed Bill Gates is also worth a fortune, he is only worth 20 billion U.S. dollars. The gap between him and Fang Chen is getting wider and wider.

Zhu Changhong believed at this time that if Fang Chen stopped doing business from now on and started doing finance, he would definitely become a financial tycoon like Soros and Buffett.

No, it should be beyond Buffett and Soros!

After all, Fang Chen's financial sense is so keen. If Fang Chen hadn't discovered the huge bubble in Siam, there wouldn't have been what happened today.

The more he thought about it, the more Zhu Changhong felt that Fang Chen's talent in finance was too terrifying!

If Fang Chen is really allowed to act freely in the financial market, I am afraid that the global financial market will be dominated by Fang Chen.

Now that he had a clear idea and did not care about the gains and losses, when the Thai baht exchange rate reached 48.5, Zhu Changhong began to let the traders control tens of thousands of accounts under their names and began to carry out large-scale liquidation and delivery, completely changing the foreign exchange market.

Convert floating profit into real money.

And because there is now a large amount of short-selling funds coming in, Zhu Changhong has a large number of opponents. It is true that as many people take over as many as he throws out. This feels really happy.

Five minutes passed, and the 49 baht exchange rate, which should have arrived long ago, was still delayed. The rate of decline in the exchange rate was obviously slower than before, and Hewlett couldn't help but frown.

Although the exchange rate is still falling, he instinctively feels that something is wrong.

Inviting Soros from the office, Soros frowned and fell into silence while looking at the slightly strange K-line chart in front of him.

At this moment, if an ordinary foreign exchange trader looks at it, isn't the exchange rate continuing to fall? The situation can be said to be great, so what's the problem?

"Something's wrong, it's indeed wrong. There shouldn't be so much money to pay for it now," Soros murmured.

The bulls headed by the Siamese government have been defeated by them. He absolutely does not believe that bulls dare to open a large number of positions at this time.

After all, once the bulls fail to resist and cannot hold the 50 mark, there will only be more retail investors and small and medium-sized financial institutions who will be hurt.

“Since it’s not that the bulls are taking action, it means that the big shorts are closing their positions!”

Soros' face instantly dropped, and a cold light flashed in his eyes!

Hearing this, Hewlett couldn't help but be stunned. He really didn't expect that there would be big short sellers who would have already started to close their positions before the Thai baht exchange rate dropped to 50.

After all, under the current situation, it is really easy to reduce the Thai baht exchange rate to 50.

In other words, this is a cruel feature of the financial market. Although retail investors and small and medium-sized financial institutions are the main force in the trading market, they are like headless flies with no direction and cannot constitute absolute power.

Just like yesterday, even if there are one million retail investors and small and medium-sized financial institutions who feel that the baht will fall, there will definitely be one million retail investors and small and medium-sized financial institutions who feel that the baht can continue to rise.

Although the power of these two million retail investors and small and medium-sized financial institutions is extremely powerful, they hedge against each other because of their different ideas.

Since it is a hedge, it will naturally not have any impact on the Thai baht.

Only big short sellers like them can suppress the Thai baht exchange rate to a certain level, and after several reshuffles, a large number of retail investors and small and medium-sized financial institutions will unify their opinions and follow them to start large-scale short selling, suppressing the Thai baht to this level.

situation.

Don't look at the fact that they have spent 50 billion US dollars so far, but not even a quarter of the total funds invested by short sellers this time.

After all, the Thai baht is also a national currency, backed by the credit of a country and tens of millions of citizens. How can it be suppressed so easily?

And Siam is not a small country.

However, this is also true at this moment.

Even if some retail investors want to close their positions before the baht is suppressed to 50, their weak power cannot change the current situation at all.

Just like throwing a fist-sized stone into the sea, it will not have any impact on the sea.

And in reality, there are not a few retail investors who can look in the right direction and run before 50, because of the continued decline of the exchange rate, which often leads to self-doubt, and even turn around and invest funds back into the market to chase the rise and fall.

At this time, if you invest funds again, there is really only one word of death!

It can be said that in the financial market, retail investors are faced with a minefield full of mines. Any mistake in operation will lead to irreversible consequences.

Only financial tycoons like them, big shorts or big bulls, can have enough funds to leverage the market and change the direction of the market in a short period of time, thus guiding retail investors to go in another direction.

The more he thought about it, the more Hewlett felt that Soros's judgment was correct, because at this moment, only the big short sellers, who were planning to close their positions and settle their pockets, could sell their positions so unscrupulously.

After all, you need to know a simple principle. Regardless of whether you are short or long, as long as you open a buying position, you are creating risks.

Since there are risks, it is destined not to be so unscrupulous.

On the contrary, closing a position and selling is to reduce the risk. The more you sell, the lower the risk, and naturally you can be unscrupulous.
To be continued...