《Futures Master》
More than a decade ago, on a summer night, in a seaside island city. The lights began to shine, a cool breeze was blowing, and the resident singer was softly singing.
A few of my financial juniors and I were casually sitting in a small restaurant by the dam, enjoying the summer, with beer, clams, and barbecued meat.
The Master was dressed simply, in a round-neck shirt, large shorts, wearing a pair of grey sandals, his hair was thinning, and his belly was slightly protruding, but his face was glowing, his voice was loud, and his demeanor was very generous.
After a few pints of draft beer, the Master started to feel tipsy, his spirits suddenly lifted, he wiped his head with a big hand, laughed heartily, and began to chat about futures trading.
The Master mentioned that the most important thing in futures trading is to have a "big heart." You need to be able to win at the beginning and also able to lose and let go. He once made 80 million in a week and then lost it back in another week.
At that time, I was new to the financial industry, feeling a bit bewildered, my heart was pounding fiercely, and my hand holding the beer glass was slightly trembling. In a flurry, I took a sip to calm my nerves and pretended to be composed while looking at the Master.
The Master closed his eyes slightly after finishing his words, as if savoring the battlefield of trading filled with the sounds of clashing swords and galloping horses. Occasionally, he nodded slightly, sometimes shook his head; he would show a faint smile or sigh from time to time. After reminiscing, he opened his eyes wide and said, “Brothers, let’s have another drink,” and then continued to chat away.
The Master’s business was actually doing quite well; he was a notable figure in his niche. Having toiled deeply and for a long time in the industry, he was very familiar with the market conditions, possessing unique insights into the price movements of major commodities in the industry, thus he ventured into the futures market and started engaging in leveraged trading.
I raised a glass to the Master and asked, “Are you into futures trading for hedging, to manage the risks of your business?”
The Master chuckled and said, “At first, it was completely hedged, but gradually I had some exposure, and slowly the exposure kept getting larger. Now, I’m so familiar with this commodity market that I trade just for the sake of trading. Making money in futures is much faster than making money in the real industry.”
I love contracts, enjoy studying charts, and researching techniques. Currently, I’ve multiplied my returns by about 30 times in a month, sharing my insights for free.
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