Chapter 020: Passing with a Smile

Chen Wei had made over six thousand seven hundred in profit, adding to the over one thousand one hundred he had earned previously, bringing his total profit to nearly eight thousand.

The crucial point was that the market maker had consecutively placed large orders at two price levels, in addition to the three large orders above, totaling five price levels, all with fifteen hundred lots of sell orders!

It was evident that the market maker was determined not to stop until achieving their goal, swearing to push the stock into a downward trend!

There were two to three hundred buy orders at four dollars, but they couldn't withstand the current downward pressure and were instantly broken through.

It plummeted directly to 3.88!

Moreover, on the right side at four dollars and 3.90, there were also fifteen hundred lots of large orders each!

"Oh yeah!"

"Awesome!"

"Well done, market maker!"

"Mr. Guan, I love you!"

"It's a pity I entered with so few lots! If I had entered with one or two hundred, I could take a break this month!"

The trading room suddenly erupted with excitement!

Zhou Yi was also excited. He had over eighty short positions, with a floating profit of over three thousand!

"Wow, two hundred! Hahaha!"

Wang Zhaoyang was also dancing in excitement. However, at this moment, no one bothered to tease him. Everyone was equally excited.

At this time, for the stock Casi, there were fifteen hundred lots of large orders for every one-cent decrease, from 3.90 all the way to 4.50!

With such a long string of orders, unless the market maker withdrew them themselves, few would dare to compete with them!

There was almost no volume trading upwards on the market, it was all downwards.

3.88, 3.87, 3.86...

The buy orders on the left kept falling, and the sell orders on the right followed suit.

The stock price was quickly pushed down to 3.80.

At 3.80, there were over a hundred buy orders, which served as a small support.

Moreover, at this point, the drop in the Casi stock had exceeded ten percent!

In the U.S. stock market, stocks with a drop of more than ten percent would be marked with SSR, which meant they couldn't be actively shorted; only limit orders to sell were allowed.

Therefore, the over one hundred buy orders at 3.80 could only be absorbed by stop-loss orders from long positions. Short positions could only place entry orders at 3.81.

This slowed down the decline significantly.

However, everyone was calm and even more stable.

For SSR stocks, it was likely to be a day of decline!

Moreover, there were so many sell orders on the right!

Everyone held short positions. Today, they didn't need to do anything but wait to count the money...

Many traders even hummed tunes happily...

Wang Zhuoguo came over again.

After looking at Zhou Yi, he exclaimed, "Wow, Brother Zhou has made over four thousand, amazing!"

Then he looked at Chen Wei and shouted even louder, "Wow, Brother Chen has made over seventeen thousand! Amazing!"

Other traders heard this and rushed over. When they saw that Chen Wei had indeed made over seventeen thousand five hundred, they couldn't help but exclaim in amazement!

"Brother Chen is still fierce!"

"He entered three hundred and thirty-five lots, fierce! I only entered seventeen lots."

"Can you compare to Brother Chen?"

Chen Wei listened to everyone's praise calmly.

Zhou Yi, on the other hand, started to look gloomy again.

He had made over four thousand in floating profit, which was not bad, but compared to Chen Wei, it was nothing...

Zhou Yi was somewhat regretful. Why didn't he add more positions at 4.30 just now?

While the others around here were still praising, suddenly, the market plummeted again!

The stock price directly dropped to 3.64!

Everyone exclaimed and didn't even bother to look at Chen Wei anymore; they all ran back to their seats.

After the stock price dropped to 3.64, it quickly rebounded a few price levels.

However, the large orders from the market maker on the right didn't follow, still pressing at the 3.90 price level.

But the stock was now in SSR status. Basically, the market maker didn't need to push orders anymore; the traders did it for them.

The buy orders on the left peaked at 3.72, but the right immediately pushed to 3.73, and the sell orders increased.

The support at 3.72 didn't last long before it broke, and then it went all the way down to 3.65.

At this point, the drop in Casi's price had exceeded twenty percent. From a technical perspective, there might be a small rebound.

At the 3.66 price level on the right, there were almost two hundred sell orders. With the dark pool and Fille's orders, it should be enough for Chen Wei to exit.

However, if Chen Wei exited now, he might bring up the stock price with a burst of momentum, making it difficult for others to exit.

After some thought, Chen Wei shouted, "I think it's about time. I'm going to place a few exit orders below. What about you guys?"

"I've already placed mine."

"I've already sold half of my position."

"I don't have much left."

Other traders chimed in.

"Damn it!" Chen Wei couldn't help cursing. These guys were running pretty fast!

"Zhou Yi, have you sold?"

Chen Wei asked Zhou Yi again.

"I still have a dozen lots left. Do you want me to sell?"

Zhou Yi asked without looking away.

"Yes, I think it's about time to sell. I still have over three hundred lots. You go first; if I sell, you won't be able to get out."

Chen Wei said.

Zhou Yi glanced at Chen Wei and didn't say anything. He directly sold the dozen short positions in his hand.

As soon as Zhou Yi sold, Chen Wei followed suit.

Chen Wei immediately snapped up the sell orders at 3.66!

The market also saw a surge in buying orders brought about by Chen Wei, and the stock price instantly rose to 3.80.

With this trade, Chen Wei made over twenty-one thousand, plus the previous one thousand one, he had already made over twenty-two thousand today.

And he hadn't even used his skills yet!

Chen Wei leaned back in his chair, closed his eyes, and calmed down his slightly excited mood.

In the office, the atmosphere was upbeat.

Everyone made a good profit from this short position. Even Wang Zhaoguo made over three hundred and was extremely happy.

Some made one or two thousand, while others made five or six hundred.

Apart from a few who felt a bit sour seeing others make more than themselves, most traders were excited.

Zhou Yi made over five thousand from this trade.

Two days ago, he lost nearly nine thousand, wiping out all the profits for the month. He was truly devastated at the time.

But in the past two days, he made over ten thousand combined!

Although he didn't make as much as Chen Wei, Zhou Yi was still somewhat excited.

He glanced at Chen Wei, who was resting with his eyes closed, hesitated for a moment, and said, "Chen Wei, thanks."

Just for that last trade alone, Chen Wei let him sell first instead of himself, which made Zhou Yi feel a bit sentimental.

If it were him just now, he wouldn't care whether others had positions or not; he would have sold first.

Chen Wei opened his eyes, glanced at Zhou Yi, and gave a faint smile.