Bab 6: Chapter 006: Mischievous Acts
Chen Wei's profit window displayed a staggering 2,800!
Green as can be!
Zhao Yang couldn't believe his eyes!
Ignoring the conflict with Chen Wei, he leaned in to take a closer look.
Then he realized that the stock Chen Wei was trading was none other than the one he had just mentioned to Zhou Yi, IRS!
He had noticed this stock earlier, tried a trade at the bottom, made over two thousand bucks, and then rushed over to inform Zhou Yi, hoping to earn a bit with him.
All behind Chen Wei's back.
Who would've thought that Chen Wei had already spotted this stock, and even made a bit more than him!
The crucial part? Two thousand eight hundred dollars – that's a game-changer!
Thinking back to how he had just told Chen Wei that he was only fifteen hundred away from breaking even, hoping he'd have some luck. Yet in just a few minutes, Chen Wei had struck gold!
Zhao Yang couldn't quite describe his feelings...
Seeing Chen Wei place another fifty-lot buy order on IRS, Zhao Yang could only say with frustration, "You better be careful with this stock! That NYSE filler at 15.75 isn't one to mess with. It might just come crashing down hard soon! If you end up losing big, don't blame me for not warning you!"
Chen Wei paid no attention to Zhao Yang.
He knew full well how formidable that NYSE filler at 15.75 was!
In the U.S. stock market, there's a type of order that doesn't show up much on the order book. It might only display a handful of lots, but in reality, it could be thousands or tens of thousands! Like an iceberg, only a fraction is visible – who knows what lies beneath!
Sometimes, Chen Wei himself would place filler orders. When entering dozens of lots, the display might only show three or five.
The purpose of these filler orders is to avoid significantly affecting the order book.
For some stocks with few orders and not much trading volume, dozens or hundreds of lots could become a resistance point. If placed, it might push the stock price down. This complicates exiting the position.
By placing filler orders, this situation can be avoided.
The NYSE filler at 15.75 on IRS had only displayed a few dozen lots, but now, the electronic program had executed thousands of lots, and the order hadn't been completed yet!
This definitely wasn't something an ordinary trader would do!
Not to mention, even if an ordinary trader had the authority, they wouldn't dare go head-to-head with electronic programs like this!
Generally, it's the top-tier capital giants that engage in electronic program trading!
Only the capital giants who aren't afraid of other capital giants would dare to engage like this!
If the market maker's exit order, indicated by the NYSE filler at 15.75, was bearish, once they exited or the electronic program stopped, it might lead to a sharp downward move!
It's not that the electronic program was stuck there, it's very likely that another giant was waiting to exit!
Overall, this was a game or maybe even cooperation between two giant capital players, something these lower-tier traders couldn't understand.
At most, they could grab a bit of profit like Chen Wei just did, but at the risk of becoming someone else's profit.
In such a situation, it's best to enter with a few lots, grab a bit of profit, and run, or better yet, not enter at all and just watch.
But now, Chen Wei wasn't worried at all!
Because he had his incredible skill!
He hadn't even used it yet!
If the stock price really dropped, he could activate his skill, turn back time, cancel the long positions below, and enter short positions!
Having this skill in hand truly changed everything, making him invincible...
Seeing Chen Wei also trading IRS and already making a good profit, Zhao Yang started to panic a bit. After warning Chen Wei, he hurriedly went back to his desk.
Once there, he quickly placed hundreds of lots of orders!
The price was slightly higher than what Chen Wei had placed.
Zhao Yang was quite cunning too. He had just seen Chen Wei's order prices!
By placing his orders at 15.42, he could completely block Chen Wei's entry orders while allowing Zhou Yi to enter with some.
Zhou Yi entered with over a hundred lots, feeling a bit nervous. After all, IRS was quite risky.
Initially, he had also placed his exit order at 15.75, but as soon as he saw someone exit at 15.74, he immediately canceled the order at 15.75 and placed it at 15.73 instead.
As soon as he placed the order, the electronic program began executing his orders.
Interestingly, it blocked Zhao Yang's exit order!
Status Power Mingguan
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Power 
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