They posted it upside down, and I'm actually not satisfied with it. - #137 - Chapter 137: Broken by Quantification

Quantitative funds are controlled by programs and can be said to be algorithmic tools in the financial industry. However, they are not popular now and many people have not been beaten by quantitative funds.

In a few years, when quantitative funds are rampant in the market, everyone will understand.

Moreover, quantitative funds have great authority. Capital that can be used for quantification is not ordinary capital.

It is very difficult for ordinary people to borrow securities, and it is almost impossible to obtain large amounts of securities.

But for quantitative funds, these are not problems.

They can use all rules to make money.

Of course, quantitative funding also has drawbacks.

They have no way to operate and can only wait passively.

They will not take the initiative to make any market decisions. Once the data analysis shows that it is difficult for them to make money in the market, they will not take action.

In these years, quantitative funds are not famous. The main reason is that the number of transactions is too few.

There are few quotes that can meet their procedural standards.

Li Yuan watched Quantitative Capital calmly feeding his enemy cakes in Tianchuan Shares, and held a second of silence for that enemy.

How courageous are you? It has changed hands for more than one billion yuan, and yet you are still buying it?

Can you digest all the securities lending from quantitative funds?

In the financial market, having more chips does not mean that it is useful, and having few chips does not mean that you cannot control the market.

There is no unified formula that is guaranteed to make money.

Now that he has withdrawn, he has a clearer view of the situation.

It must be that the enemy has too many chips, so they have to pull the deal.

Li Yuan didn’t know this data before, but quantitative funds knew it.

Therefore, if quantitative funds enter the market, they will definitely eat away a piece of meat.

Compared with the hundreds of millions earned by quantified funds, the price for the enemy’s promotion will be greater.

Quantitative funds can spend another three billion, but they can’t take it.

If they realize that it is quantitative funds and still accept it, Li Yuan admires them for being a man.

If he didn’t realize that it was quantified funds, then Li Yuan could only say that he would not lose money!

In fact, people and quantification are not on the same starting line, and quantification has greater authority. This is why some people let quantitative funds take the blame in the past few years, because they will not lose money in taking the blame.

Although quantitative funds are not directly responsible for the lack of bull market in A-shares, the crazy pumping of quantitative funds also accounts for a large part of the reason.

It’s not as fast as a machine to respond, and it’s also been hit by dimensionality reduction in terms of authority. It’s strange that it can make money.

However, there are also examples of cutting quantitative funds from leeks, which is a very extreme operation.

Because there is no need to be occupied by Tianchuan shares today, Li Yuan freed up 300 million and began to invest in other embraces.

For your own physical and mental health, stay away from quantification.

…

When the change of hands reached 1.2 billion, Shen Tianfu realized that quantitative funds had entered the market.

But it was already too late. They had consumed nearly one billion in funds, and the other two hundred million were taken from others.

But there is no difference.

After spending 500 million yuan, they have already entered the abyss. If they find out before then, there is still a chance of salvation.

Shen Tianfu was unexpectedly calm today, no longer furious or hysterical.

He quietly left the trading room and returned to his office.

It was only half an hour after the market opened, but he had already given up struggling.

Reviewing the whole process, it seemed that he had done nothing wrong, but the result was not only completely different from what was expected in advance, but they also had so many positions in their hands that they didn’t even have the slightest initiative.

He rarely gets killed when he is confused, but in Tianchuan shares, ever since he discovered that he had made a wrong judgment, he became confused and couldn’t clearly see what was going on.

Perhaps before, he always had a chance to turn the situation around.

But after receiving one billion quantitative chips today, he knew that the chance of turning the situation around was completely zero.

When he was destined to fail, he calmed down.

He thought a lot, from a boy in a mountain village, from the first college student in a village in the 1990s, to a poor boy with patched clothes, he has come step by step to where he is now.

He also benefited from the market trend in 2006. Although he suffered a lot of subsequent losses, it also established his position in Jiangzhou private equity.

He also benefited from the bull market of the previous two years, which gave him higher ambitions in the future.

Although the acquisition of Tianqi shares was risky, he felt that he had done nothing wrong from beginning to end.

He has the confidence to operate Tianqi shares to a market value of 20 to 30 billion, making it the most important trade in his life.

Because of his limited connections, he was never able to accumulate funds.

Liu Shangyuan started private equity several years later than him, but his scale was twice as large as his.

It’s not like a public offering, there are public fundraising channels.

There has been no new funding from his side for a long time.

He needs to do something big to attract the attention of funds. Otherwise, unless his strength is incredible and he can earn more than 20 billion with more than 10 billion capital, breaking 20 billion will be beyond his reach in this life. The goal.

In the office, I smoked more than a dozen cigarettes in a row.

After calming down, he knew he was finished.

Completely finished.

Without funds to carry out the follow-up operations of Tianqi Shares, billions of dollars will be wasted, and there will be no results at all in the short term.

This time, Tianchuan shares will lose more than one billion or even two billion.

There was absolutely no way he could make up for such a big hole.

He took out his mobile phone and called Ana Shen.

“Nana, help me get Linlin’s 10 million. I will give you an account, and you can transfer it directly into it when the time comes.”

After making the call, he reached out and rubbed his face.

Everything is meaningless!

The rewards that Ana Shen can bring to him are currently very limited, and there is no way to help him make up for such a big hole.

So… I can only give up…

Before, ten million was not much to him.

But now there are more, and at least it can be exchanged for more than one million US dollars.

And the funds he has secretly transferred over the years only add up to five to six million US dollars. Foreign exchange controls are too strict, and he did not dare to make a desperate move before.

With a net worth of more than one billion, he might not even be able to take away even a tenth of it.

Almost equivalent to zero.

He began to take the initiative to contact some people and ask them to help exchange some dollars.

He also knew that he couldn’t make too much noise, otherwise the sponsors would realize it and wouldn’t give him a chance to escape.

After making arrangements, he even went to the trading room.

The account was in a miserable state. Not to mention that nearly 2 billion in funds were locked, more than 4 billion were spent during this period, and the remaining several billion in principal suffered losses of more than 1 billion during this period.

The entire Tianfu Capital, in just half a month, was reduced to a point where there was no hope of recovery.

Of course, no one else is any better than him.

Today, Lianying Technology has reached its daily limit again, which means Liu Shangyuan’s losses have officially exceeded 2 billion.

Not to mention how long it lasts, if there is another daily limit tomorrow and Friday, Liu Shangyuan will go completely crazy.

The current situation may not be resolved next week.

The other private equity funds are not large, ranging from 5 billion to 10 billion, and their losses this time are also around 1 billion.

There are even public offerings to participate.

At this moment, he realized the benefits of public fundraising. If he lost money, he would be fired at most, but he still had a high degree of freedom.

Unlike those who do private equity, they have been coerced by the sponsor.

When the market is good, even if you make a lot of money, it is possible to make two to three hundred million a year.

But want to get off? It depends on whether others agree.

Although it is allowed to suffer a certain degree of loss when the market is not good, it should be less than others, and you have to find ways to earn it back in the future.

Once you engage in private equity, you are no longer a free person.

The stronger your ability, the more powerful those financial sponsors will give you.

Because those financial sponsors will not let you leave one day, and will try their best to get some control over you.

No?

They will arrange it!

They will arrange whatever kind of leverage is more threatening.

I won’t let you run away one day.

He also had some information in the hands of his financial sponsors, but it was not because those financial sponsors were trying to tie him up, but because he took the initiative to get the funds back then.

After all, if their control falls into the hands of those people, they will rest assured to put the funds here and let them manage it.

There is not much time left for him.

That evening, there was a closed-door meeting.

There is no longer any reserve as before, no more caution as before.

Everyone started to blame and curse hysterically.

“Liu Shangyuan, you are the one who asked us to work with you on Qingtian Capital. Now you have to give me an explanation!”

“Shen Tianfu, were you causing trouble at the beginning? Do you know how much money we are losing now? How much capital we have used? Now a large amount of funds are locked up, and we have lost hundreds of millions in cash. How can I explain to my investors? “

“If there is no result today, I will risk my life with you!”

If everyone could restrain themselves yesterday and still have a sense of luck, then today when quantitative funds did this, everyone’s mentality exploded.

Quantitatively, it has spent more than one billion or more to enter the game, and Tianchuan shares will not end well for a long time to come.

Quantitative short selling is more terrifying than artificial short selling, and you can’t even think of resisting.

How can humans compare with machine programs?

Those small private equity firms will collapse if they lose five or six billion.

At this time, basically every company was losing hundreds of millions, plus more than one billion in locked funds.

One-third of the entire private placement was just gone.

I got a lot of junk chips in my hand.

Liu Shangyuan’s face was gloomy and he was speechless.

Shen Tianfu said: “Everyone, calm down first. In terms of losses, Liu Shangyuan and I have suffered more losses than those sitting here. Besides, isn’t it just quantitative entry? What do we have to be afraid of? At this time, the stock price of Tianchuan Shares , it is already at a historical low. Either we can make two or three billion in quantification and go on our own, or we will waste away with quantification funds. When they repay the securities lending, this is our opportunity! The securities lending of more than 10 to 2 billion are also carrying the sedan chair for us. the power of.”

Shen Tianfu picked it up and said.

Indeed, sooner or later, quantitative funds will buy stocks from the market to repay the securities lending, which will definitely increase the stock price.

It’s exactly the same situation as Liu Shangyuan is currently encountering.

As long as they have enough funds, the quantitative side may have to lose money and cut their flesh.

Wouldn’t Liu Shangyuan not be able to get the chips now? The margin is being increased all the time, to more than 200 million a day.

But to achieve this step, a prerequisite is needed.

That is to get all the chips from Tianchuan Shares, and also take over all the chips sold by quantitative capital securities, so that quantitative funds have no way to buy chips from the market.

At that time, the stock price may even rise to 20 or 30 levels.

The question is, will quant funds make such a mistake?

They will monitor the trend of all chips, and when they realize that the floating chips in the market are lower than their own securities lending quota, they will take action.

“You said nicely, quantitative funding will give you that opportunity?”

Someone must be aware of this.

Shen Tianfu said unhurriedly: “So what if the quantitative funds respond quickly? We already have so many chips in our hands, and at most we will be cut off by another two to three billion by the quantitative funds. We will just slowly make market decisions in the future. Plug the hole of two to three billion. Tianchuan shares have such high activity, and funds will gradually participate in it. We are the largest bookmaker. After the quantitative funds leave the market, it is not up to us to determine how it will rise. Your face?”

“Then what if quantitative funds are still going to be spent tomorrow?”

“Just let them smash it!”

“Don’t drag us along if you want to die!”

…

In the evening, Ana Shen went home.

There aren’t many classes in senior year anyway.

“Dad, Linlin said that the ten million won’t arrive until next Monday.”

“What? Oh…it’s okay, let’s go next Monday.”

Shen Tianfu’s face looked ugly before, but soon returned to normal, looking calm and calm.

Ana Shen asked: “Dad, did something happen?”

“No, I’m afraid that Li Yuan will jump over the wall in a hurry. He is almost at the end of the road now. If he asks Linlin to get the money back, it will be a big loss for us.”

Ana Shen felt something was wrong.

Because the trend of Qingtian Mixed Small and Medium Caps has been very strong these days.

Although today’s net worth has not been released yet, their official website has released a net worth estimate, and today’s net worth estimate exceeds four points.

There are more and more funds, and the growth exceeds four points every day. Is this a dead end?

But she didn’t know the specific details.

“Dad, if we take these ten million, Linlin will never be able to hold her head up in front of Li Yuan. If we are not short of money, I think…”

Shen Tianfu’s expression changed, “When did you start having this idea? Do you still want to leave 10 million to Li Yuan as a capital for his recovery?”

“No, no, I have nothing to do with Li Yuan, it’s just Linlin’s side…”

Ana Shen quickly explained.

All her actions were for profit. Since her father said that Li Yuan was about to collapse, how could she rush to send money to Li Yuan.

It’s just that the money is more important to Shu Yanlin. Shu Yanlin asked Li Yuan to get it, which is equivalent to owing Li Yuan.

If she successfully becomes Li Yuan’s girlfriend, the psychological pressure will not be so great.

However, Li Yuan and Wen Yuxian have become very close recently, and they are even close to official announcement.

When she asked Shu Yanlin for money today, Shu Yanlin was in a very low mood and was absent-minded for a long time.

Although I finally agreed.

When her father scolded her so harshly in front of her, she never saw Shu Yanlin so lost.

She has feelings for this cousin.

Shen Tianfu said: “Then don’t worry about it. When we defeat Li Yuan, as long as Li Yuan comes to beg me, I will naturally give him money!”