Chen Wei, seeing that it was Zhou Yi who placed the order, wasn't in a hurry at all. Regardless of whether it was Zhou Yi or Zhao Yang, a few hundred hands of orders couldn't block the electronic program at all. Let them go first. If he sold at 15.75, he could earn an extra two cents per share, right?
Two cents equaled one hundred dollars for fifty hands! Chen Wei, confident in his approach and knowing it was Zhou Yi's order, remained calm. But Zhao Yang didn't know! When he went back, he acted impulsively, placing hundreds of hands in heavy positions. He was also nervous. He placed a hidden order at 15.74 to exit, not just to block Chen Wei but because he wanted to get out quickly himself. However, just as he was exiting, trades for the hidden order at 15.73 began on the market.
Furious, Zhao Yang didn't care who was competing with him for prices. He immediately placed a hidden order at 15.72. And then his orders started getting executed. Meanwhile, Zhou Yi was also in a hurry. Seeing someone blocking him again, he made a bold move, pressing down by two cents and putting his order at 15.70...
Just as he sold around twenty or thirty shares, Zhao Yang sold at 15.65...
The two of them competed back and forth, finally driving the price down to 15.50...
Finally, they were done...
Zhao Yang was relatively better off. He entered around three hundred hands mostly at the 15.42 price and sold them at around 15.50, earning about four to five thousand bucks.
Zhou Yi was a bit unlucky. Most of his over one hundred hands were entered at the 15.45 and 15.50 prices, and most of his exits were at 15.50. Only about forty to fifty hands were sold above 15.60. In total, he made just over a thousand. Although not bad, if all of his hands had exited at 15.75, he could have made at least three thousand! He missed out on two thousand bucks!
Zhou Yi was about to go mad. He slammed the table, cursing, "Who the hell are you to compete with me here? Go compete to be reincarnated! You damn..."
Just as he was getting into it, Zhao Yang, with a grim face, came out of his office. Silently, he walked to Zhou Yi's side, snatched his mouse, and directly opened Zhou Yi's transaction record.
Then, Zhao Yang understood everything...
It was indeed Zhou Yi competing with him for prices!
Though angry, Zhao Yang couldn't really blame him. Suppressing his anger, he said to Zhou Yi, "What are you shouting about? Don't enter so much next time. After entering, just place it at 15.75 honestly!"
Hearing this, Zhou Yi understood. He could only suppress his anger, nodding silently, and muttered, "Got it, sorry, Brother Zhao!"
"Forget it, let's not do this next time!" Zhao Yang said with a vexed mood, glancing at Chen Wei's side.
Then he saw Chen Wei happily selling at 15.75!
Zhao Yang felt even more upset. Seeing Chen Wei finish those fifty hands, and then place another fifty hands waiting below, he snorted and said, "You better be careful. This stock could plummet at any moment. Don't get too cocky just because you earned some money!"
After saying that, he turned and left.
Chen Wei glanced at him, sneered, but didn't say anything.
Yet, he felt relieved!
This time, he entered thirty hands at 15.45 and twenty hands at 15.50, all sold at 15.75, earning him an additional $1,400!
Adding to the previous two thousand eight hundred, his profit for today was four thousand two hundred!
The key point was, he hadn't even used his skill yet!
And what made him even happier was that the two annoying guys, Zhou Yi and Zhao Yang, were fighting each other, both getting bitten!
Chen Wei looked at the dark-faced Zhou Yi beside him and chuckled disdainfully.
"You think you're so great! Even if you enter more, what's the use? Entering at 15.45 and exiting at 15.50 is indeed quick, but you also need to make money!"
With a cold laugh, Chen Wei said.
"You! Fine! Let's see how long you can be proud of yourself!"
Gritting his teeth, Zhou Yi said, then directly placed one hundred hands each at 15.51 and 15.55!
He saw that Chen Wei had placed fifty hands at 15.45 and 15.50, deliberately blocking Chen Wei's path.
Though two hundred hands might not be able to block him, Zhou Yi didn't dare to put too many orders above 15.50, even if he was impulsive.
Two hundred hands were his limit.
However, Zhou Yi also thought that Zhao Yang would surely go back to block Chen Wei, or at least put up two or three hundred hands. With both of them having four to five hundred hands, they should be able to block Chen Wei. Even if they couldn't completely block him, at least they could make him enter less.
To prevent Chen Wei from seeing his orders again, Zhou Yi deliberately turned his computer screen slightly to the side...
Chen Wei sneered, no longer bothering with Zhou Yi. He immediately withdrew his orders, re-placing them at 15.45 and 15.50.
After placing them, the two of them waited quietly for entry.
Chen Wei kept staring at the electronic program. As soon as it stopped, he wouldn't hesitate to use his skill, then place a short order at the top!
After more than ten minutes, there was another round of transactions on the market.
Both Chen Wei's and Zhou Yi's orders were executed!
Then, without hesitation, they placed their exit orders at 15.75.
However, Chen Wei suddenly realized that the electronic program had stopped!
It used to execute trades every two seconds, but now, five seconds had passed, and not a single trade was made!
The market was silent!
On the other side, Zhou Yi also realized something was wrong. He was hesitant to cut losses, but with so few buy orders below, if he cut losses, he didn't know where the stock price would go!
He might suffer big losses!
Sweat was already dripping from Zhou Yi!
But Chen Wei was no longer hesitating. He directly moved the pointer of the disc in his mind!
Time reversal, skill activated!
After a moment of trance, time rewound to ten seconds ago.
When he came to his senses, Chen Wei immediately withdrew the fifty long positions he had placed below, and then placed fifty short positions directly at the price of 15.74.
As soon as he placed them, they began to trade.
Next to him, Zhou Yi was staring at the market, and when he noticed Chen Wei's rapid order cancellations and placements, he subconsciously glanced over.
Then he was stunned to find that Chen Wei had withdrawn the long positions below and instead placed short positions above!
And they were already in the market!
Zhou Yi was puzzled by Chen Wei's actions.
At this point, there was still no anomaly in the market, with still dozens of NYSE bids at 15.75, and the electronic program was still executing trades at seventeen to eighteen lots.
Zhou Yi really couldn't understand why Chen Wei withdrew the long positions and went short!
Just as he was about to ridicule Chen Wei, he heard Chen Wei say, "Don't blame me for not warning you. You'd better withdraw your buy orders!"
Zhou Yi laughed directly and said, "I say, Chen Wei, you've just made a little money and you've lost your sense of direction? Shorting this stock, are you seeking death? If you want to go short, do it yourself. I'll stick to going long."
Not just Zhou Yi, any experienced trader wouldn't short this stock. Although the buy orders below were thin, there was no need to worry about exiting long positions because of the electronic program. But short positions were different. Firstly, the downward waves were irregular, making it difficult for short positions to exit. Secondly, no one knew exactly how many lots were at 15.75.
Once those lots were gone and the sell orders above were thin, the electronic program could instantly push the stock price to a much higher level!
That would mean huge losses for short positions!
So, most experienced traders wouldn't dare to go short on this stock. If it weren't for Chen Wei having a skill, he wouldn't dare to go short either.
Just as Zhou Yi finished speaking, the market suddenly dropped.
His two hundred long positions were immediately executed.
"Oh, we're in! Let's make five or six thousand first! Huh? You didn't get out just now? That's a shame. We don't know when the next drop will come. You just wait here slowly! Of course, if you don't want to wait, I'll place an order at 15.74 for you to sell to me. At least you won't lose money."
Zhou Yi said triumphantly.
Chen Wei remained silent, quietly watching him, as if watching a fool.
"What? Reluctant? Then I'll place an order at 15.73 for you, so you can make a penny. How about that? Hahaha!"
Zhou Yi didn't notice that the electronic program had stopped, and continued to taunt.
"Still in the mood to laugh? Look at the market!"
Chen Wei said lightly, ignoring Zhou Yi and focusing on the market, thinking about at what price his fifty short positions would exit.
Upon hearing this, Zhou Yi finally looked at the market.
And then, he froze!
The electronic program had stopped!
Cold sweat immediately broke out on Zhou Yi's forehead!
He had over two hundred long positions!
And the buy orders below were thin!
Zhou Yi hesitated whether to cut his losses.
As he hesitated, the market suddenly dropped again.
Someone was cutting losses!
Hundreds of lots were sold, directly pushing the stock price to $15!
Zhou Yi's two hundred positions were bought at 15.45 and 15.50, instantly losing nine thousand five hundred!
Zhou Yi had made a profit of over eight thousand this month, and it was about to exceed ten thousand. But now, he was losing!
Zhou Yi looked at the screen in disbelief, his face pale, his hand holding the mouse trembling, and his lips trembling.
"Why hesitate to cut losses?"
Chen Wei couldn't help but rebuke.
With over a hundred buy orders at $15, even if they couldn't all be sold, cutting most of them would reduce Zhou Yi's losses considerably if the stock price continued to fall.
After all, Chen Wei wasn't the kind of person to gloat over others' misfortune.
"Shut up!"
Zhou Yi immediately shouted at Chen Wei.
Chen Wei frowned, looked at Zhou Yi coldly, said nothing more, and continued to watch the market.
In Chen Wei's view, the $15 price level was bound to break!
When the first wave of selling occurred, there were seven or eight hundred lots, which meant that seven or eight hundred long positions were sold.
The second wave of selling was probably due to stop-loss orders, with about three hundred lots.
There should still be four or five hundred long positions trapped like Zhou Yi.
Over a hundred lots at $15 couldn't stop the downward pressure.
Although most trapped long positions, like Zhou Yi at this moment, were still hoping that the $15 buy order could hold for a while, maybe the electronic program would come back in a moment.
But Chen Wei was clear that no matter if the electronic program returned, the $15 price level was inevitable.
It was a game of psychology.
With four or five hundred long positions trapped and only a hundred lots at $15, someone would worry that others would eat up the $15 buy order and stop loss before them.
At this moment, there was a loud noise from Zhao Yang's office, as if he had kicked the chair.
Then, with a dark face, Zhao Yang came out of the office.
He went straight to Zhou Yi and saw that Zhou Yi had over two hundred positions. He said angrily, "Didn't I tell you to enter fewer positions? Why did you enter so many!"
Zhou Yi was scolded speechless.
Zhao Yang took a deep breath, calmed down a bit, and said again, "Cut your losses quickly, don't wait."
"Aren't these hundred lots enough to hold on for a while? Maybe the electronic program will come back soon!"
If Zhou Yi stopped here, he would lose more than nine thousand seven hundred.
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