Chapter 086 Preparations

Chen Wei quickly made up his mind. For the next month, he would focus on trading US stocks, and then allocate some time each day to trade futures.

Without needing advanced skills or heavy trading, he would execute a few trades with small positions, mainly to familiarize himself with the fluctuations in the futures market and get comfortable with operating the trading software.

Of course, he would still reserve ten seconds each day for his skills; who knows, there might be a big market move in futures someday.

After deciding, Chen Wei tried trading copper.

When there was a local small double bottom pattern on the line chart, he bought ten lots long at an opening price of 47400.

After buying, as Chen Wei predicted, the price started to rise. When it reached 47480 and then pulled back to 47450, the copper price had already broken through the sixty-minute moving average.

There is a saying in the stock market that the sixty-minute line is the lifeline.

This saying isn't always one hundred percent accurate; in fact, there's no theory in the stock market that's one hundred percent accurate. The key is to adapt to the situation.

After copper price broke through the sixty-minute moving average, it clearly stabilized.

Chen Wei then added another ten lots at the price of 47450.

Afterwards, the copper price started to rise again.

There were a few fluctuations in between, but no breakdown occurred, and it remained above the sixty-minute line. Chen Wei wasn't in a hurry to exit; he continued to hold.

It kept rising until 47590, briefly reaching 47600 before dropping back down. Moreover, 47600 was a previous minor high, coupled with the MACD indicator showing a divergence at the top, Chen Wei realized it had reached its peak. He closed his twenty long lots directly at 47590.

He made sixteen thousand five hundred yuan.

After finishing, Chen Wei didn't trade anymore; instead, he carefully compared the differences between domestic futures and US stocks.

The most important difference was that in futures, you couldn't see all the quotes.

Except for stock indices, which could see five levels of quotes, other commodities could only see one level.

This made Chen Wei slightly uncomfortable.

In US stock trading, a large extent of analysis depends on big orders in the market to judge resistance and support levels. However, this wasn't applicable in futures trading; one could only rely on line charts for analysis.

However, in futures trading, the transaction records would show the nature of each transaction, such as opening long positions, opening short positions, closing short positions, closing long positions, and short exchanges, which wouldn't be displayed in US stocks. This feature could help in predicting the next trend in futures.

Apart from these two points, another difference was placing orders.

After getting used to the order placement system in US stocks, switching to the futures order placement system left Chen Wei feeling powerless...

But there was nothing he could do; he could only adapt slowly.

Looking at the time, it was already past two o'clock. He still had to work in the evening, so Chen Wei shut down his computer and went to bed for a nap.

He woke up after eight o'clock, had a meal downstairs, and came to the company.

"Boss, why did you disappear again on Saturday? We were planning to have a drink with you, but when we turned around, you were gone!"

As soon as he entered, Zhou Yi shouted at him.

"Yeah, Chen Laoda, we finally sat down, didn't even get to say anything, and you left."

Pan Zhiyao was sitting next to Zhou Yi and also commented.

Chen Wei smiled, sat down at his desk, and said, "If I didn't leave, I would've been knocked out by my sister-in-law. How about this, next weekend, let's find another place, and I'll treat."

"Okay, it's a deal, Boss, you can't run away again!"

Zhou Yi said.

"As long as I don't drink, I definitely won't run away."

Chen Wei smiled.

Zhou Yi and Pan Zhiyao rolled their eyes.

Zheng Junpeng came over, pulled a chair, sat down, looked at the others, and seeing no one paying attention, whispered to Chen Wei, "Zhao Laoda looked for me on Saturday."

As soon as Chen Wei heard this, he understood.

Zhao Yang had also started recruiting.

"He wanted to recruit you?"

Chen Wei asked with a smile.

"You knew about it too?"

Zheng Junpeng was slightly surprised, but quickly reacted. Zhao Yang must have approached Chen Wei too.

Chen Wei nodded and said, "He approached me too."

"How did you respond?"

Zheng Junpeng asked.

"Old Zhao probably knows that I won't stay for long, so I didn't say much. I just told him that if he finishes this month and wants me to go to his place, he's warmly welcome."

Chen Wei said.

Zheng Junpeng nodded and said, "I didn't directly tell him either, just said I would consider it. But I think he should have guessed something."

Zhou Yi and Pan Zhiyao obviously knew about Zhao Yang's departure as well. They came over, and Zhou Yi whispered, "Hey, do you think Brother Zhao was driven away by Luo Chen?"

"Do you even need to ask? Definitely! And Wang Zong is something, Brother Zhao has followed him for so many years, and he just kicks him out."

Pan Zhiyao shook his head, sighing.

"Ah, it's really something. Forget it, let him be, anyway, after we finish this month, we're leaving too. Let them fuss about it here."

Zhou Yi shook his head and sighed.

Zheng Junpeng said to Chen Wei again, "Oh, by the way, Lao Chen, what about our office? Do you have any plans? If we're leaving next month, we need to find a place as soon as possible; otherwise, it might be too late. Of course, we don't need to find a perfect place right away, just find something decent for now, and we can look for a better one after we develop for a while."

"As for the office, we'll search online these days. There should be quite a few options. Let's find a few that are similar. When the weekend comes, we'll go take a look together. If it's suitable, we'll rent it directly and then buy desks, chairs, and computers as soon as possible."

Chen Wei thought for a moment and said.

The others nodded.

"How's the account going? Any problems?"

Chen Wei asked again.

"There aren't any major problems. It's just that the margin requirement is at least two million yuan! Normally, for people like us, if we want such high privileges, the margin should be at least three million yuan. But, because of your huge earnings last month, and because my relationship with them is good, they lowered it to two million yuan. It really can't be any lower."

Zheng Junpeng looked at Chen Wei and said.

Chen Wei nodded; a two million yuan margin was within his budget. He said, "There shouldn't be a problem. You negotiate with them again. Next month, ask them to open an account for us first, and I'll give them a portion of the margin first, and the rest will be paid after receiving the salary. If it really doesn't work out, then I'll think of another solution."

Their salaries are paid on the third, but if they open an account on the first of next month, the margin needs to be paid in advance, and Chen Wei really can't come up with two million yuan.

It would be best if they could delay it for two days, but if not, he'll have no choice but to delay trading in US stocks for a few days and use his system skills to trade futures. With a month's time, he can earn around one to eight hundred thousand yuan. Even if he can't earn that much, there's always Yue Jiawen.

"All right, I'll discuss it with Billy. It shouldn't be a big problem. By then, send him a screenshot of this month's profits, let him see how much money you've made, and then it'll be even less of an issue."

Zheng Junpeng said.