Breaking Up Is Better Than Divorce

snow bowling

When he woke up in the morning, Eugene went to his studio without realizing it and stared intently at the graph of the oil price.

After gradually increasing my futures short positions, I now have a position worth $500 million with 5x leverage.

A slight misjudgment, a 20% increase in the futures price, could cost 100 million dollars.

Of course, Eugene knows that the price of oil at this time will not exceed $110.

The problem is that there is always some gap between oil prices and oil futures.

The futures price is currently lower than the oil price, but it may soar even for a moment in the future that Eugene does not know.

For example, as everyone is concerned, the outrageous terrorists of the Islamic State are setting fire to oil fields.

As far as Eugene knew, the gnomes also thought of oil fields as a means of replenishing their military funds, but they did not destroy them.

But as far as I know, it is.

It should be kept in mind that these memories may be slightly wrong.

When he woke up in the morning, Eugene went to his studio without realizing it and stared intently at the graph of the oil price.

There must be no mistakes.

Of course, even if he fails and loses 100 million dollars, Eugene has a coin he is working hard to buy now.

nevertheless······.

I didn’t want to fail.

Eugene needed money.

Next year, at least until the next year, you should have a lot more money on hand than you have now.

So I had to put the first button right now.

“Isn’t your brother a little nervous too?”

Yoosung asked worriedly.

“Of course. It’s not 100 million won, it’s 100 million dollars.”

“Aren’t you counting the five-fold leverage?”

“uh. I just have to think about the money I invested.”

“but. If I don’t do that, I will be even more nervous.”

“So that’s it.”

The brothers couldn’t take their eyes off the monitor.

“ISIS has moved south and completely occupied the Mosul area.”

One morning in early August, I got up from my seat and went to the living room, and Yooseong talked about what had happened overnight.

“They said they took over the Mosul Dam, as well as two oil fields near Zumar, Ain Jala oil field, and a nearby refinery?”

Yoosung’s face turned white.

Seeing that he remembered all the unfamiliar Iraqi names, I thought he was very concerned.

“okay?”

Eugene said sternly.

“Aren’t you worried?”

In fact, most of the $200 million Eugene received from Mega Millions is due to the drop in oil prices, so Yoosung’s reaction is understandable.

“Don’t worry. I don’t think it will have much of an impact though.”

“is it?”

“So, how are oil prices today?”

“When I saw it a while ago, it was about two dollars higher than yesterday.”

“okay. Then I will go back down.”

“How big is your liver? How can you not be so surprised?”

“After all, the dice have been cast, and all I can do is wait.”

Eugene said frankly.

“Oh really. The person next to you is more nervous…”

So, for a while, Yooseong was startled by IS’s movement and was terrified of fear that oil prices might soar.

And not long after that, William also got a call.

“Futures prices are trending upward. Would you like to keep your position?”

It is a voice mixed with a lot of concerns.

“Yes. No change in position. It will be like this for the time being.”

“All right. Then you will know.”

And as Eugene promised, IS in Iraq did not have a significant impact on oil prices.

After just one day, the oil price turned downward again, and it never lifted its head again as if it were a signal.

“I’m happy though. Oil prices keep going down.”

Yooseong, who was more anxious than Eugene, said as he wiped his chest.

“Down 7 dollars this week alone.”

Even if there is a difference of 2 or 3 dollars every day, the price, which was quickly returning to its original state, fell by 7 dollars in a week, so it could be seen as a sure sign of a decline.

“It’s really great because we’re using leverage. Without leverage, it would be $7 million, but with five times leverage, that would be $35 million.”

“If it had gone up $10 instead, you would have lost $50 million.”

“If that were the case, I might have passed out by surprise. The last time it went up $3, my heart was pounding.”

Yoosung is just an ordinary person.

It was not easy to stay sane when watching the rise or fall of tens of billions of won within a week or ten days.

But his brother was no ordinary human.

“I need to increase my position further with this opportunity.”

“Are you going to add more here?”

“uh. because capital has increased. Just holding the position will reduce your leverage. You can’t just play with capital.”

“Is the calculation like that?”

“uh. The great thing about leverage in capital markets is that you can use it again by reinvesting the money you earn. Then, the same amount of money grows bigger and bigger than when you invest without leverage. It’s like a snowball that rolls down a slope and engulfs the surrounding snow, making it huge.”

Yoosung added a short position of 5,000 contracts excitingly, starting with the oil price breaking through the $90 mark.

It has generated a whopping $50 million in revenue so far, bringing the total capital invested into futures to $150 million.

“Only, if it’s a ten-thousand contract… If you have 10 million by 90 dollars, you get 90 million dollars. Almost 1 trillion won, right?”

When his brother’s bet reached an astronomical number beyond his imagination, Yooseong showed a reaction close to panic.

“Uh-huh, how can you roll such a large sum of money?”

“Don’t be so nervous. Because this is still just the beginning.”

“Is this the beginning? My older brother is crazy about gambling…”

Eugene just laughed at how funny his brother’s reaction was.

He was actually nervous because he didn’t know all the flow of oil prices, but he thought it was worth trying.

Following the oil price, on the day when the oil futures price fell to $90, Eugene posted again.

A picture of the Black Rock Dealing Room provided by William and a graph at the moment when oil futures hit 90 went up.

#oil futures #90 dollars? #black rock #dealing room

– Are you still giving presents? Fighting!

– The price of oil has dropped a lot these days, so I must have lost some money. Ha ha ha

– Are you stupid? Did you know that you only bet on the rise in futures? How do you know if you bet down?

– If you bet on the lower side, would you have been excited about this hyung’s personality? how much did you earn today like this.

– right. He must have been proud of having had a bit of an observatory.

– I don’t know. If you look at the graph you posted, it seems like there is something on purpose.

– I was stunned. ugly

– Did you think you’d be strong after leaving your fiancee? bad child!

“Why don’t you say things are going well?”

“It’s not time to show it yet. A little bit of fun for those who don’t want me to do well.”

Eugene just had fun.

In early October, the Ethereum pre-sale was finally over.

In the meantime, both Eugene and Yoosung have purchased 15,000,000 Ethereum.

It was a staggering amount, equivalent to 17.6% of the 85 million Ethereum sold in the crowdsale.

In my mind, I wanted to get 20%, or even 25%, but it was the result of suppressing my greed because I thought it would be a headache when I exchanged money later.

“You really spent 5.7 million dollars on digital currency….”

I was more greedy than I thought, and I almost used up the $6 million I had in spare money.

“Heh heh. okay. I used it all up.”

Eugene laughed very happily after a long time.

15 million Ethereum.

If you sell for $1,000, you get $15 billion.

Selling at $4,000, you get $60 billion.

Of course, we cannot guarantee that we will be able to sell that large amount at the high point, but considering the daily trading volume at the time the coin craze is in full swing, if we do the calculations well, we will be able to cash out without much loss.

Even without making any other investments, this alone is enough to make it to the top of the list of the world’s richest people.

If you’re not happy in this situation, it’s weird.

“Is this really going up? If so, how high will it go? Will this really go up like Bitcoin?”

On the contrary, Yooseong’s face was a melting pot of chaos mixed with expectations and worries.

“It may be as high as Bitcoin, but I would like it to rise at least 1,000 times.”

“Haha… a joke doesn’t sound like a joke. So what are you going to do when you go up like that?”

“Would you like to buy the Daeyang Group?”

Eugene said like a joke.

“Daeyang Group, not Daeyang Heavy Industries? Ummm… that’s going to be pretty fun.”

Yoosung took his brother’s words very lightly.

“What would be your expression if you said you would take over your own company that you have built your whole life with with the money you earned with coins?”

“uh? Uh oh oh oh oh that’s ridiculous, poop!”

Yoosung burst out laughing at his brother’s words.

It’s not a large corporation of a similar level, and if the money invested in cryptocurrency goes to take over a group of companies that rank among the top three in a country, it will only jump from the perspective of the person concerned.

“I really wish I could be like that.”

Yooseong, who revived his hostility towards Daeyang Heavy Industries and Daeyang Group, said with an evil smile similar to his older brother.

Of course, Eugene didn’t think that just because he had money he could get his hands on a country’s giant corporations.

In order to take it away, not only capital but also numerous obstacles must be overcome.

In particular, nothing can be achieved without breaking through the long-established connections that the Daeyang Group has spread across the political, judicial, and media circles over the past several decades.

So, Eugene needed more than just capital.

The media to support Eugene, or other forces to fight the ocean together.

But even for that, first of all, capital was needed.

“We will continue to increase our short positions.”

In early October, when oil futures fell to $85, it added another 10,000 contracts.

As the size of the trade grew like this, we had to be careful about entering a short position.

The daily trading volume of oil futures is often in excess of a million contracts, but is usually in the hundreds of thousands of contracts.

Thousands of contracts per hour. If you look at the unit of one minute, it is about tens to hundreds of contracts.

So entering 10,000 short positions at once is impossible.

So, the help of experienced dealers was needed.

There were enough dealers like that in BlackRock.

“First, we will increase it to the level of 20,000 contracts.”

Its revenue so far is approximately $100 million.

Now, Eugene has invested $200 million in oil futures.

“If it’s 20,000 contracts, it’s 1.7 billion dollars. It’s messy, bro. Almost two trillion won, right?”

Yooseong was overwhelmed by the growing number of contracts.

“Don’t force yourself to do that. Is one futures contract worth 1,000 barrels for nothing? It’s about not worrying about big numbers.”

“really?”

“It’s just saying. Really?”

“iced coffee······. Anyway, just like hyung said, you have to become insensitive to big numbers.”

“right?”

It is a gambling board with trillions of money.

Hundreds of thousands of dollars per tick go up and down, and every $1 goes up and down, $20 million comes and goes.

So, if you want to be indifferent, it is better not to convert it into Korean money.

Just a few contracts, and a few ticks, this should be less stressful.

“Did you even know that oil prices would be like this? How the hell did you do this?”

At the end of October, Yoosung said as he watched the oil price hover around $80.

“That’s it. haha······.”

“I’ve made 200 million dollars so far from gifts alone. And option returns are close to $50 million. Brother, what kind of investment genius are you going to be?”

“Luck.”

“okay. Lucky. So what do you do now? Shall we be a little more stable?”

“no. Luck is momentum. Once luck is in your hands, you can’t let it go.”

“iced coffee······. Typical gambler’s tone.”

Yoosung said as if giving up.