Question 2: What do you mean by strong futures? The market is in the opposite direction to your position, and the margin is insufficient. The risk control department of the futures company forcibly lightens or closes the position.
Question 3: When will futures level off? Available funds are less than 0. The futures brokerage company has the right to balance part or all of it for you. In some cases, there will be no strong leveling, but a strong leveling notice will be issued. Risk controllers (super traders) also look at the market and see if it is necessary to be stronger according to the market. If your position is in the right direction, they will not be strong even if there are fluctuations. If the fluctuation is violent and the direction you choose is opposite to the position of the futures company where you open an account, then the super trader will draw a few hands according to your capital ratio.
Question 4: Under what circumstances is the compulsory liquidation of futures (also known as forced liquidation) a controversial link in futures trading, and it is also a difficult problem to define in the futures market at present. Because the current judicial interpretation stipulates the principle of comparison, and the agreement of the parties in the futures brokerage contract is not comprehensive and inconsistent, how to determine the applicable conditions and consequences of forced liquidation in judicial practice is not uniform.
The so-called forced liquidation refers to the forced liquidation of the position of the holder by a third person other than the holder (such as a futures exchange or futures company), also known as being liquidated or being liquidated. There are many reasons for compulsory liquidation in futures trading, including customers' failure to add trading margin in time, violation of trading position restrictions and other irregularities, temporary changes in policies or trading rules, etc. In the standardized futures market, the most common phenomenon is forced liquidation due to insufficient trading margin of customers, that is, when the position margin required by the customer's position contract is insufficient, and the customer fails to add the corresponding margin in time or take the initiative to reduce the position according to the notice of the futures company, and the market situation is still developing in the direction of unfavorable positions, the futures company forcibly closes part or all of the customer's positions to fill the margin gap, so as to avoid the risk spread caused by the expansion of losses. Most investors in the stock market can't understand that futures companies have to close their positions without customers' consent, because the leverage of futures is not clear. As mentioned above, the calculation formula of strong flat deposit is:
Strong margin = position margin × (exchange margin ratio/futures company margin ratio)
Position margin = dynamic price of stock index futures × contract multiplier × number of buyers and sellers × margin ratio
Position risk rate = (customer's equity/position margin) × 100(%)
It can be seen that the proportional relationship between the strong flat margin and the position margin changes with the exchange margin ratio. I have encountered such a case. At one time, the margin ratio charged by the exchange was 5%. The author did not explain the specific calculation formula and concept of the forced liquidation point to the customer, but directly told the customer that when the risk rate of its position dropped to about 70%, the futures company would force liquidation. The 70% here is the approximate value determined by the proportional coefficient 0.7 143 between the strong margin and the position margin under the condition that the exchange margin is 5% and the futures company adds 2%.
Later, the fluctuation of commodity futures increased and the risk increased sharply. The exchange raised the margin ratio to 7%. At this time, the proportional coefficient of strong margin and position margin becomes 0.07/0.09=0.7778. In this way, when the customer's risk rate drops to 77.78%, we have to force the liquidation, and the customer insists, "Didn't you say that the risk rate is as strong as 70%?" Now it's 77%, and there are 7 percentage points left. "The result is to spend a lot of effort to explain the true meaning and calculation formula of the forced liquidation point to customers. Although strong leveling was finally implemented, customers complained a lot, which caused unnecessary tension between futures companies and customers. It can be seen that it is not appropriate to simply tell customers what level the risk rate will drop to. Only by letting customers know the calculation method of the risk rate that triggers the forced liquidation point can we resolve this risk and enable customers to control the position risk reasonably.
Question 5: What is a strong futures level? There are two standards for risk control setting of forced liquidation futures, that is, double margin! The first is the margin of the exchange, and the second is the part added by the futures company on the basis of the margin of the exchange, forming a total margin! If your risk exceeds the total margin, but you haven't reached the margin of the exchange, at this time, the futures company will inform the customer to deal with it in time. If the customer fails to handle it in time, the futures company will judge according to the market. In order to prevent you from exceeding the margin of the exchange, you will take strong measures at any time. Therefore, once you find that your available funds are negative, this is the lack of insurance. Take measures in time, otherwise, you will be closed at any time!
Question 6: Under what circumstances will futures be closed by 60% margin (you will be informed of the margin first)?
For example, soybean oil 10000 tons, each hand 10 tons. If you spend 30,000 yuan to do more, assuming that the margin is110, that is, when your capital is less than 6,000 yuan, a loss of 24,000 yuan means that the price of soybean oil falls below 7,600 yuan, and you will be fine. If you are short,
Question 7: What does compulsory liquidation mean in futures? There are two kinds of forced liquidation in futures: the forced liquidation of futures companies (or self-operated members) by exchanges and the forced liquidation of customers by futures companies.
The compulsory liquidation of futures companies by exchanges is a compulsory measure to liquidate the surplus positions when the funds of futures companies are insufficient to maintain their positions (for example, because the margin ratio is increased) or when the position limit is reduced in the delivery month (for example).
The forced liquidation of customers by futures companies refers to the forced liquidation of customers due to insufficient funds and backlog.
For example, if you originally bought 100 lots of soybeans, the margin ratio was 10%, and the position occupied 300,000 yuan. Now, due to the drastic changes in the market, the exchange has increased the margin ratio to 15%, and your 300,000 funds can only maintain 80 positions. On that arc, you can either add additional funds to maintain your position of 65,438+000, or the futures company will close 20 soybean positions.
Question 8: How to understand futures' strength, short position and short position? Strong flat means that you don't have enough money, not without it. After strong flat, you still have money. For example, if you close your position by 50%, you will have about half of the funds left.
Breaking the warehouse is forcing the same thing.
Turning over the warehouse means that your account is out of money, but you still owe money to the futures company. This kind of thing exists in theory and should not happen in recent years. This will not happen to ordinary customers. What may happen is also a very large customer (because only futures companies with special customers will always hold positions), so it is possible to meet in extreme cases.
Question 9: What do you mean by "the top three futures markets"? After three consecutive daily limit, you can close your short position at the daily limit. If there is no deal on that day, as long as you pay the bill at the third daily limit, the exchange will be responsible for finding the most profitable cow to settle your account and close your position at the daily limit price.
After three consecutive daily limit, bulls can close their positions by hanging the daily limit. If they don't make a deal that day, as long as you hang the closing order on the third daily limit, the exchange will be responsible for finding the most profitable short position for you and clearing the position at the daily limit price.
Question 10: The forced liquidation of commodity futures is only related to your available balance. You open a position of 3000 yuan, ignoring the handling fee, leaving 3000 yuan. When the loss exceeds 3000, it may be forced.
But it is actually related to the individual risk control personnel of futures companies. The situation of each futures company is different, and the different risk control of the same futures company is different. Some available balances are negative tens of thousands, and some available balances are negative several dollars.
There are two similarities: 1, if your margin is at the exchange level, you will close your position on the same day, and the available balance before closing your position will be negative. According to the settlement price, the available balance will still be negative, and it will definitely be even before closing; 2. If the available balance is negative, and there is a daily limit or the daily limit is opposite to the position, the program will automatically close your position.
If your margin is to be collected at the exchange level, then the generally available balance is negative, but it is not too negative, and everything is fine. I know that there is an internal control line, which is probably below the risk level of 120%.
If you earn more, you will not be liquidated. There is only one situation: if there are three consecutive boards (daily limit or daily limit), you may be forced to reduce your position.