Futures China:

From 50,000 yuan to 654.38+200 million yuan, some people say that you have used it for three years, some people say that you have used it for 1 year, and some people say that you have used it for 18 months. How long did it take? What kind (or variety) and what wave (or waves) did you make?

Fu Haitang: After the Spring Festival in 2009, the solar calendar lasted around March and lasted until the autumn of 10. After the National Day, the specific time is18-1September, which is about the time when cotton reaches 29600.

Specifically, it is to do two varieties and three waves of market. The first is garlic, and the second is cotton.

Garlic cooking began in March 2009, and it is an electronic dish. At that time, futures were doing well. I made soybean meal, which also went up. Soybean meal earned tens of thousands of dollars, and then opened an account in garlic. Although garlic is a spot electronic trading platform, it is actually similar to futures, but the margin is higher, about 20%.

Seeing that garlic has a chance of skyrocketing, I will do more and make Shouguang electronic disk garlic. After doing it, the price has not changed much, just wait, it is about 840 a ton when opening the warehouse. At that time, when the futures earned 20,000-30,000 yuan, gold was used to make garlic, futures made money, and then a little was used to make garlic. Before garlic skyrocketed, I had 200,000 yuan to make garlic, which was several times that of futures. About two weeks before the skyrocketing, Shouguang Garlic Exchange introduced the "centralized transfer" system, that is, the price was closed for three consecutive daily limit or three consecutive daily limit (in fact, the main short sellers had already smelled the skyrocketing garlic at that time, and the promotion of this system was very beneficial to short sellers).

Garlic skyrocketed on May Day. The price gradually rose to the daily limit on the first day. On the second day, the main force traded 654.38+10,000 lots at the daily limit, and then sealed the daily limit at the close. Although the daily limit was lower than the first day, the settlement price was lower on the third day, and then the position was closed through the "centralized transfer" agreement, so the price reached about 1 100. The so-called "centralized transfer" system is actually the main force to let go. As soon as he saw that the tide was gone, it was not good. There was nothing he could do, so he had to turn to the exchange for help and send it a gift.

Later I learned that the main short seller was really related to trading, and the exchange saved his life. If you don't let him live, he will completely dump it and get nothing. The degree of garlic skyrocketing is from spot 1 cent per catty. In less than two months, 3 yuan rose, and the market turned 30 times, which is hard to find in history.