After the Divorce, I Found a Thousand Bitcoins - Chapter 30

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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I Got Divorced and Found a Thousand Bitcoins Episode 030

One week after entering the India market.

“Total profits for the week have exceeded 13.4 million dollars.”

They traded for 5 days out of the week.

In other words, they earned over 2 million dollars per day.

But the important thing wasn’t the profits.

“Win rate is one hundred percent, our strategy matched the market perfectly.”

They won every single trade.

This was the important part.

“The market atmosphere is also gradually changing. After we made profits from the first trade, institutions that were doing pattern-based trading have turned conservative.”

Kwangho, the commander of this trading operation, continued speaking.

“Institutions trading in the India market basically used system-based trading. But with trades occurring that weren’t included in their system algorithms, they’re approaching conservatively.”

“It changes in an instant.”

Kwangho nodded at Seong-won’s question.

“The most dangerous thing in system trading is data that’s different from before. Institutions don’t need to take risks, so they immediately stop trading.”

When institutions encounter unknown situations, they either stop trading or take out insurance.

This kind of risk management was necessary for institutions to survive for a long time.

But not everyone was like that.

“Analysis of the algorithms shows that one institution hasn’t pulled out.”

He didn’t bother to say which one it was.

But Kwangho and Kang Hyeon could tell.

‘That means they’re cornered.’

Dongbang Partners India Branch.

That place continued trading.

The reason was clear.

‘They can’t pull out.’

Because they didn’t have time.

“That’s why they’re continuing with reckless trades. Looking at how their existing trading algorithms are tangled, it seems like humans are directly involved in the trading.”

A place that aimed for system trading was now incorporating human judgment.

This was a clear mistake.

Now it was time.

“Next, we’ll take positions in weekly expiry options.”

It was time to deal a bigger blow.

* * *

Ju Myeong-heo frowned as he looked at the weekly report.

[p&l loss : -21,524,900USD]

In one week.

They had suffered a loss of 21 million dollars.

‘Even earning every day wouldn’t be enough. Such losses!’

His heart grew anxious.

Then.

Ring-!

The phone directly connected to headquarters vibrated.

After checking the number, he gritted his teeth and answered the call.

“Yes, President.”

-How are this month’s targets coming along?

“They’re… going well.”

-Really? There are no problems?

Should he tell the truth here?

As that thought crossed his mind.

-As you know, the company’s situation hasn’t been good lately. In this situation, if the team you lead produces results, what would happen to you as the team leader? Wouldn’t you come to headquarters and do more meaningful work?

Promotion and reputation.

Both would follow.

Knowing this, Ju Myeong-heo swallowed the truth.

“I will definitely produce satisfactory results.”

-Haha! Yes, I’m counting on you.

The call ended.

Ju Myeong-heo’s face, which had been hesitant until now, no longer showed any hesitation.

‘I’ll make profits somehow.’

No matter who the opponent was.

The India market was his stage.

* * *

Weekly expiry options.

It was essentially the main product of the India market.

Since the most money flowed into it, it was practically the main product that Dongbang Partners was handling.

Ju Myeong-heo bet his life on this product.

“Increase the position size by 200 percent.”

“Excuse me?”

“That… that’s too much.”

The traders poured out negative reactions.

But Ju Myeong-heo didn’t back down.

“Is there another way to cover the losses and meet this month’s targets?”

The traders fell silent.

“Start immediately.”

The traders had no choice but to do as instructed.

But anxiety had already grown in their hearts.

‘This is over.’

‘Does he think he can make profits with this much volume?’

‘It’ll be obvious right away…’

Increasing volume meant leaving that many more traces.

If traces are left?

Other traders would notice and could tear them apart.

It meant the risk factors would increase.

Ju Myeong-heo also knew this fact.

‘I have no choice. For my career, I have to make a big move here.’

He was having thoughts that a trader should never have.

Trading is not gambling.

Trading is transactions made through thorough calculations.

Thinking about making big moves was something amateurs would do.

Yet he was thinking this way because he was cornered.

‘Once I solve this matter, I’m going to headquarters. If I go to headquarters, I’ll be able to aim higher! I can’t be held back here!’

Greed for promotion.

Desire for the future.

Such things clouded Ju Myeong-heo’s mind.

“One hour before market close!”

“Start buying volume now!”

“N… now?”

“Hurry!”

“Yes, yes!”

To double the volume, they shouldn’t move when only 30 minutes were left.

That much more time was needed and they had to move quickly.

The traders’ hands became busy and the system automatically increased the option volume.

“30 minutes before market close!”

“All volume filled!”

“Good, we’ll take futures positions starting 20 minutes before close.”

“Yes!”

The options side preparation was finished.

“20 minutes before market close!”

“Good, take futures positions and prepare the spot side right away too!”

“Yes!”

They began taking futures positions.

Naturally, the spot price was pushed down as it rushed toward the option target price.

“Price is falling.”

Everything was going according to plan.

But he didn’t let his guard down.

‘These are the guys who rushed into short-term expiry options. There’s a high chance they’ll rush into weekly expiry options too.’

Having been hit hard in the short term, Ju Myeong-heo watched the charts tensely.

And then.

“Buying pressure is coming in from the spot market!”

As expected, they made their move.

Since this was anticipated, he responded quickly.

“Immediately dump the volume we’ve been holding on the spot side to crush those guys…!”

“Huh? Sir… volume is also coming into the futures side! The buying pressure is too strong!”

“What?”

Something unexpected had happened.

‘They touched futures too? These bastards…!’

In short-term options, they had moved spot prices to prevent option conditions from being met.

They had never touched futures before.

But this time they were even touching futures.

“This is clear market manipulation!”

What they say about it being romance when you do it, adultery when others do it.

Ju Myeong-heo panicked when his opponents did exactly what he had been about to order himself.

But his thinking was wrong.

“This… this isn’t from one place.”

“What? What do you mean?”

“The speed of incoming orders, the execution volume, the new orders being placed…”

The reporting trader said without taking his eyes off the chart.

“The market flow has changed…!”

* * *

Individual traders cannot unite their strength.

This was something like an established truth among institutions.

Of course, miraculous events did occasionally occur.

A representative case was the GameStop incident.

-They’re making their move.

-Today’s movement is too intense, isn’t it?

-How much are these bastards trying to steal?

-Let’s show them what’s what today.

And today, something similar was about to happen in India.

Traders gathered around Telegram were moving as a group.

Such behavior could be considered illegal, but it was on the borderline since there was no one giving commands.

-They’re being pushed back!

-Push it up!!

-Let’s throw them into the Ganges River!

-Let’s show the power of Bharatiya!!

The unity of Indians was changing the market flow.

* * *

Kang Hyeon’s eyes lit up as he confirmed the chart movement.

‘Individual traders have moved.’

Touching short-term options was like exposing one’s identity to the opponent.

Despite such risks, there was one reason Kang Hyeon had touched short-term options.

‘I wanted to show the possibility that the flow could be changed. It worked perfectly.’

In the massive India Market, Kang Hyeon’s capital was like throwing a handful of sand into a desert.

So he broke patterns in short-term options to make institutions move conservatively.

Then he informed individual traders that the pattern had been broken.

He thought quick-witted individuals would rush in.

After all, individuals naturally dislike institutions.

The plan worked out exactly right.

‘Originally, institutions should move conservatively the moment patterns break. But Eastern couldn’t do that.’

But they didn’t back down either.

“More volume is being loaded on the selling side.”

“The buying pressure is being pushed back.”

They decided to fight the market.

Here, Kang Hyeon could choose one of two options.

‘I’m already profitable. I could exit here.’

Having entered from the beginning, Kang Hyeon had already entered the profit zone.

Folding here would be the best strategy.

‘But I won’t get the chance to deal a fatal blow to Eastern.’

Most importantly.

‘It’s not time to exit yet.’

He didn’t know what would happen in the future.

But he could see how prices would move.

[HDFC]

[NIFTY Bank Index]

HDFC Bank and Nifty Bank Index.

Both stocks were burning bright red.

There was only one thing to do here.

“70 million dollars, additional buy.”

It was time to make the decisive move.

* * *

Crack!

Ju Myeong-heo bit his nail hard.

In the HDFC chart visible to him, selling pressure had intensified.

More precisely, they were pushing back the buying pressure with their own money.

“Yes… if it continues like this, it’ll be fine.”

Then the Risk Team leader approached.

“The volume is too much. SEBI will definitely make this an issue.”

“So what? Are you telling me to fold now?”

“Well… that’s…”

He was right.

If they were going to fold, they should have folded before even starting.

“The bet is already over. Now all we can do is flip the cards.”

He had invested all the funds he could access.

No, he was pouring in money he shouldn’t even touch.

If this deal failed, he would be ruined.

But if it succeeded, that would be the end of it.

‘It just needs to succeed. Then far from reproach, they’ll say it was an accurate judgment.’

That’s how the financial industry worked.

If you just succeeded, everything was forgiven.

They would even give rewards for sure.

So Ju Myeong-heo was pouring volume into the market where individuals had rushed in.

SEBI’s investigation?

The risk of failure?

Such things were no longer in his head.

‘I just need to win.’

Only the moment of victory and raising a toast filled his mind.

Then.

“Huh?”

With an anxious single cry.

“The… the buying pressure has strengthened!”

“What?”

“It’s… enormous volume! This isn’t… individuals!”

The opponent was holding a sword to his throat.

“Push more volume!! Pour out everything we have!!”

He shouted as if making a final desperate struggle.

But.

“Please take this call.”

“What? What call during trading hours?!”

“It’s Headquarters.”

Ju Myeong-heo’s face hardened as he looked at the phone the Risk Manager was holding out.

“You bastard…!”

“It’s all over.”

A death sentence had been handed down to Ju Myeong-heo.

* * *

“Market closed!”

At Kim Seong-won’s words, Kang Hyeon’s gaze turned to Kwangho.

“Option conditions achieved.”

They had won the battle.

It felt like all the tension was released in an instant.

But there was still something left.

“Profit is 45 million dollars, and including the unrealized profits from spot and futures positions of 15 million dollars, we recorded a total profit of 60 million dollars.”

The total amount earned from entering the India Market was 73.4 million dollars.

“What’s the opponent’s estimated loss?”

“It’s not exact, but 100 million dollars is certain. However, if the volume they poured in at the end included leverage, it will grow exponentially.”

He clenched his fist.

In just two weeks, they had dealt a major blow to the opponent.

“Everyone did great work.”

They had achieved complete victory in the major battle.

But there was something Kang Hyeon and KH Capital didn’t know yet.

That was Eastern’s loss.

* * *

-The total loss is how much?

The voice echoing through the room via speakerphone, Ju Myeong-heo was frozen stiff and couldn’t say anything.

Then the Risk Manager who was listening beside him spoke up.

“Option loss of 100 million dollars, and the valuation loss including spot and futures approaches 300 million dollars.”

Ju Myeong-heo squeezed his eyes shut.

It was an absurd amount to have lost in just one day.

The other party knew that too.

-You lost 300 million dollars in just one day?

“That… that is…”

“It was reckless trading. Strong buying pressure had already entered the market. He poured too much money trying to go against it.”

There were plenty of opportunities to reduce the losses.

But Ju Myeong-heo’s choice increased the losses.

-This is maddening.

“The bigger problem is SEBI will take issue with this. They could come charging in as early as tomorrow.”

A brief silence.

Then the other party broke the silence and spoke.

-Branch Manager Ju Myeong-heo.

“Yes, yes.”

-You’ve worked hard all this time. I’ll handle the rest.

“What? But… but!”

Beep-!

The call ended.

Realizing this, Ju Myeong-heo collapsed on the spot.

“Ha… haha…”

Leaving behind Ju Myeong-heo muttering like someone who had lost his mind, the Risk Manager left the Office.

‘Who the hell is it? Who could make trades of this magnitude?’

Fear and awe toward the unknown entity that had led them to ruin wouldn’t leave his mind.

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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