The futures market is a two-way trading system. In a complete futures trading, there are only the following ways to close positions: first, buy and open positions first, and then sell and close positions; Second, sell and open positions first, and then buy and close positions; Third, purchase, pay the full deposit after the expiration to participate in the delivery and receipt; Fourth, sell and submit standard warehouse receipt (cargo certificate) to participate in delivery and collection after maturity. Among the above four methods, the first and second methods belong to "hedge liquidation".

For example, if you buy 1 month copper, your position will be displayed as 1 hand. If you sell 1 hand and close the same contract later, your position will be 0, and the subsequent behavior will be hedging and closing the position. Before you close your position, your warehouse will be displayed as 65,438+0 open positions. After closing the position,