Chapter 243: Being Quantitatively Sniped
Li Yuan didn't know whether Liu Hao was doing well or not, but he knew that Liu Hao had wanted to come on the third day of junior high school, but was always pestered by his girlfriend.
Because he was told in advance not to bring his girlfriend, he hesitated for a long time before finally sneaking out.
During the meal, Liu Hao even turned off his cell phone to avoid being disturbed by calls from the woman.
Looking at the overall situation, Liu Hao’s internet celebrity girlfriend is playing a very important role.
Liu Hao's life is still controlled by others.
His parents also played a role in this.
A life that is destined to gain no benefits and suffer huge losses cannot last long.
Life is also an exchange of interests, feelings, attitudes, and actions.
Rather than just asking for things and being scheming.
No matter how bad Li Yuan was, he still gave what he deserved.
The third phase of the Qingtian Global Select Mixed Fund officially entered the process on the eighth day of the first lunar month.
This day also marks the beginning of February.
Li Yuan's model worker attitude surprised both the National Big Fund and Tang Jianjun.
They also know to take a good rest during the Chinese New Year and not to plan any major projects before the Lantern Festival.
Li Yuan, on the other hand, has to start intensive work on the seventh day of the New Year.
It is still split 30:70, with the Sky Group contributing 3 billion and the National Fund contributing 7 billion, totaling 1.5 billion US dollars.
When Li Yuan was about to go out to work in the middle of the night, Zhou Juan stopped him and asked, "Where are you going to work so late at night?"
"I can't help it. This is the only time I have work to do. You guys go to sleep first and don't worry about me."
Zhou Juan watched Li Yuan leave, feeling a little confused.
She had no idea about finance, let alone the market.
When Li Yuan came back from outside at six in the morning, she felt that her son's job was not that good.
It's really just like a vegetable vendor.
When Li Yuan was sleeping during the day, she wanted to call Li Yuan to have lunch, but was stopped by Jiang Yiling.
"Mom, let him sleep a little longer. If you wake him up now, he probably won't be able to fall asleep."
"It's okay to eat something and then go to sleep..."
Zhou Juan is still adapting to Li Yuan's work.
From her initial misunderstanding, until three days later, she began to feel distressed when she saw that Li Yuan looked very tired every time he came back and could only eat two meals a day.
At around 8pm, after Li Yuan left, Zhou Juan couldn't help but say to Jiang Yiling, "Yiling, why don't you try to persuade Xiaoyuan? He can't live like this all day long. He's not short of money. He's a big boss and he's so busy every day. Don't let his body get ruined. Besides, does he have to stay up late to work at night? Can't he do it during the day?"
Jiang Yiling has also been paying attention to the U.S. stock market recently, and the overall market conditions are extremely bad.
Li Yuan has been under a lot of pressure in operating the business recently, which can be seen from the fact that he rarely talks.
After waking up every afternoon, I would stay in the study for a long time.
"Mom, this is also his job. He can't just stop doing it if he wants to. At his position, it doesn't matter whether he makes money or not. The meaning of his job is not how much money he makes. We shouldn't interfere with his decision. After all, we don't have his ability. If he really can't hold on, I definitely won't let him go to work again, even without your advice."
Jiang Yiling was not clear about the data situation on Li Yuan's side, but he knew that Li Yuan was mainly dealing with pensions now.
He no longer makes money to increase his own wealth, but to have more say.
If he doesn't invest in US stocks and has no chance in A-shares, then the foundation he has worked so hard to build will collapse little by little over time.
Zhou Juan never mentioned this matter again after that, and time passed by little by little.
There was nothing special about the Lantern Festival. Li Wanhe was in charge of all the matters in his hometown.
Even if Li Yuan doesn't go to work, he will be in the study at night.
When Zhou Juan wakes up in the middle of the night, she will prepare some food for Li Yuan.
Li Yuan noticed the worry in his mother's eyes. After all, in their minds, staying up late is bad and eating only two meals a day is unhealthy.
But they don’t think it’s wrong for others to do so, but it’s not okay for their own sons to do so.
Li Yuan had wanted to move out a long time ago to avoid his mother being upset if she saw him.
But not moving out can be considered as a little consideration.
Even if he stepped in to solve some problems, there were still some things he had no way of getting involved in.
With the flattery of neighbors and the guidance of some well-intentioned people, there are so many voices of praise around my parents.
At their age, there is nothing wrong with enjoying themselves in any way.
But I have never encountered these before, so it takes a period of adaptation, and whether I can survive this adaptation period is crucial.
My father has become very arrogant now, which can be seen from many details.
Although my mother didn't say it, she felt the same way.
So Li Yuan deliberately let her take a look. It was not easy for him to earn money, and making them feel sorry for him would help them get through this stage.
Li Yuan has been reviewing the past two days during his vacation.
He tried a dozen stocks last week, but was unsuccessful in almost all of them.
It’s not that there is no money in it, but that there is no desire to operate the funds in it.
Even if he put out the bait, no one would think of cutting him.
He is not afraid of others causing trouble, because causing trouble represents opportunities.
He fears most that others do not move.
The current state of US stock capital is: I would rather do nothing than make mistakes.
The best way for capital to deal with a bear market is to do nothing and wait for the wind to blow...
Once you lose your chips, you won’t be able to fly higher when the wind comes.
The wind is not coming? The rain is coming?
Then most people will be doomed.
For capital, the first thing it sees is always profit, not risk.
If all capital is concerned about risks, then short selling should not exist in the world. The risks of short selling are visible to the naked eye, no matter what the market conditions are.
The situation at this time is that capital can't see the benefits at all, and the bait thrown by Li Yuan is not attractive, so it is not moved at all.
All Li Yuan could do was to diversify his funds.
The number of traders has increased to fifteen, and they mainly focus on small short orders. Most of the funds in the market do this.
Diversify into hundreds of stocks to ensure that funds are not targeted due to excessive concentration.
Correspondingly, you can’t make much money.
If you are lucky, you can earn two points a day.
Bad luck, not even half a point.
After two weeks and nine trading days, the floating profit was only 26 points.
It takes Yao Yingsong two hours every day to sort out the dense trading data.
If it was Ye Sheng, people might think that Li Yuan was playing him.
The failure to achieve the expected results is not only due to the market conditions, but also due to quantification.
The quantification of the U.S. stock market started earlier than that of the A-share market and is larger in scale.
In the A-share market, quantitative funds are still subject to restrictions. In the US stock market, there are relatively fewer restrictions, and countless quantitative funds are flooded in to do ultra-short trading. Even if the market is bad, they can make super returns.
Many large capitals have invested billions of dollars in quantitative programs, which are now becoming increasingly mature and the authority given is becoming increasingly greater.
In this regard, Li Yuan really cannot compete with Quantitative.
If Li Yuan does not look at the overall situation and only looks at individual stocks, he will suffer a lot of losses at the hands of quantitative investment.
For example, Li Yuan invested nearly 20 million US dollars in Raymond Pharmaceuticals, a company with a market value of only 6.3 billion US dollars, and suffered a loss of nearly 2 million US dollars. He finally withdrew in embarrassment.
He felt that his opponent was quantitative, and he caught every wave very timely, and his speed was much faster than his.
If you encounter this kind of situation, you must run away first to show respect.
There are not many stocks with the highest returns in the entire U.S. stock market, and Nvidia is one of them.
After all, Nvidia’s stock price just doubled last year to $80 billion, and it is likely to break $100 billion this year.
He used almost $200 million to go long on it.
The third phase of the fund was the most difficult one for him so far, and being able to liquidate it in three months was already the best result.
For Morgan, keeping an eye on Li Yuan's account is a very important thing.
Ever since Li Yuan started trading, all the data in his account has been monitored.
It's just because the operations are too scattered that sniping is impossible.
Li Yuan has stuffed the largest amount of money into Nvidia, but Nvidia has a lot of capital in it, and many big investors on Wall Street are making money from it.
We can't let everyone give up their profits just for the $200 million against Li Yuan.
However, after checking Li Yuan's transactions recently, Mandel discovered that Li Yuan had lost money.
He lost a full ten points on Raymond Pharmaceuticals.
This was the largest loss he had seen Li Yuan suffer so far.
He was very interested in the funds in Raymond Pharmaceuticals. Who on earth could force Li Yuan to sell his shares at a loss?
This is the person he urgently needs to win over.
After arranging someone to inquire about it, he frowned.
It turns out to be a quantitative firm on Wall Street?
The total assets of that quantitative company were only 2 billion US dollars.
Compared to Morgan, which manages more than $3 trillion, the firm is too small.
However, the fact that they were able to defeat Li Yuan was worthy of Mandel's offer of an olive branch to them.
"Hey man, wanna join Morgan?"
There is no doubt that no one on Wall Street can resist such temptation.
Morgan also has its own quantitative analysis, but the algorithms of each quantitative analysis are different.
If you zoom in on individual stocks, the difference becomes very big.
Transactions between quantitative funds also occur frequently.
There are pros and cons to quantification.
If the authority given is too small, there will be little room for quantitative manipulation, making it difficult to make a profit.
If quantitative investors are given sufficient authority, they can make money quickly, but once someone finds a loophole, they will lose money even faster.
Therefore, at this stage, not much capital dares to let quantitative investors be responsible for large funds, and it is small funds that slowly polish the algorithms.
After the two parties hit it off, the other party obtained Li Yuan's position information from Morgan.
At the same time, Morgan invested 2 billion US dollars and, together with the other party's funds, prepared to launch an all-round attack on Li Yuan's funds.
Swallowing up Li Yuan's funds bit by bit.
"My friends, tomorrow night, I need to see news about the complete collapse of Sky Capital. I have already prepared the financial headlines from Wall Street for you!"
"Yes, sir, don't worry. Eating up the other party's funds is as easy as eating up the cheese in my hand."
…
Monday night.
After Li Yuan arrived at the trading room, he began to re-formulate his strategy.
He needs more profits to close this issue as soon as possible.
This episode is his first project after both parties reached a tacit understanding.
Even if the environment is very bad, try to finish it within three months.
Although it had little impact on later collaborations, it had a great impact on his personal image.
As long as he can do that, he can take advantage of the remaining heat of the first half of the year and start the fourth phase.
After the fourth phase, the baby was born and he was able to rest for a few months.
If we get through this year, the next three years will be good years.
Whether the economy is good or bad, it is a good opportunity.
The most worrying thing is that the economy is neither good nor bad, and the financial market will be like a pool of smelly stagnant water, with no ripples when the wind blows.
Today he took matters into his own hands.
While issuing instructions, he also operates the funds on his own side.
As long as we can make a floating profit of three points every day, in three months, US$1.5 billion can be turned into US$10 billion.
As he slowly made his moves, after about an hour or two, he realized something was wrong.
Not only him, but other funds as well, encountered big problems at the same time.
The trader needs to give him feedback, and he can see it from the information.
The stocks being traded now are very scattered, and what people are pursuing is not huge profits, but intraday arbitrage.
At the beginning, it was fine and his instructions basically met expectations.
However, something was getting more and more wrong, and all the instructions received no feedback.
This means that the trader did not achieve the step that was required of him.
The same was true for a fund he managed himself , which was far below expectations.
Not only did he not make any money, but the situation also went against his plan.
It is obvious that other funds are targeting him.
They are not just targeting a certain amount of his funds, but all of his funds.
He couldn't think of anyone else except Morgan.
The question is, is Morgan too busy? His own funds are so dispersed that it is rare for a single bet to exceed $20 million, and most of the bets are in the millions of dollars.
Morgan is such a big company, has it really lost all its dignity?
Can you see your own data and use it to copy and attack your own operations?
"Withdraw some funds first, and wait for the situation..."
He gave the order.
The funds are too dispersed, so there is no chance of competing with Morgan.
Li Yuan's traders started to get busy. Just one minute later, one of them said, "Boss, there is a fund trading against us. The other party seems to know that we are going to withdraw, and has been pulling back."
Li Yuan has a lot of scattered short orders. If the other party raises the price by three or five points in a short period of time, Li Yuan will lose several points.
"Close the long order first."
Soon I got feedback, "Boss, the long order also encountered a counter-party. If you close it now, you will lose three to five points."
"Close it! And pay off all the short orders!"
He could totally accept the loss of only three or five points.
In this situation, it is unwise to play with the other party.
The other party doesn't dare to pull or hit too hard. On the one hand, they don't want to invest too much money, and on the other hand, they probably don't want him to run away.
"Find a new ticket..."
