1, closing profit and loss (hedging one by one) = difference between opening price and closing price × number of lots× trading unit.
2. Floating profit and loss (hedging one by one) = difference between settlement price and opening price × number of lots × trading unit.
3. Deposit and withdrawal: same-day deposit-same-day withdrawal.
4. The balance of the day = the balance of the previous day+the total amount of deposits and withdrawals of the day+liquidation gains and losses (hedging one by one)-the handling fee of the day.
5. Customer's equity = balance of the day+floating profit and loss (hedging one by one)
6. Position margin = settlement price of the day × number of positions × trading unit.
7. Risk = customer equity/deposit occupation * 100%
8. Available funds = customer equity-position margin-basic margin
Market-priced bill
1, closing profit and loss (marked to market day by day) = daily average warehouse profit and loss+historical average warehouse profit and loss.
(1) The average warehouse profit and loss of the day = the difference between the opening price and closing price of the day × the number of lots× the trading unit.
(2) Average historical warehouse profit and loss = the difference between the closing price and yesterday's settlement price × lots × trading units.
2. Position profit and loss (mark to market day by day) = position profit and loss of the day+historical position profit and loss.
(1) Profit and loss of positions held on the same day = difference between settlement price and opening price on the same day × number of lots× marketing unit.
(2) Historical warehouse profit and loss = the difference between the settlement price of the current day and the settlement price of yesterday × the number of lots× the trading unit.
3. Total profit and loss of the day = liquidation profit and loss (marked to market on a daily basis)+position profit and loss (marked to market on a daily basis)
4. The balance of the day (marked to market day by day) = the balance of the previous day (marked to market day by day)+the total volume of the day+the profit and loss of the day-the handling fee of the day.
5. Customer's rights and interests = balance of the day (mark to market day by day)
6. Position margin = settlement price of the day × number of positions × trading unit.
7. Risk = customer equity/deposit occupation * 100%
8. Available funds = customer equity-position margin-basic margin
What is liquidation?
Closing positions can be divided into hedging closing positions and forced closing positions.
Hedging liquidation refers to the liquidation of futures contracts previously sold or bought by futures investment enterprises by buying futures contracts on the same futures exchange and selling futures contracts in the same delivery month. The so-called forced liquidation refers to the forced liquidation of the position of the holder by a third party other than the holder (futures exchange or futures brokerage company, such as the trading platform of Fuhui Global Gold Exchange), also known as liquidation or liquidation.
There are many reasons for compulsory liquidation in futures trading, such as 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, it is most common that customers are forced to close their positions because of insufficient trading margin. Specifically, it refers to the behavior that a futures company forcibly closes some or all of its customers' positions in order to avoid losses. When the trading margin required by the customer's position contract is insufficient, the futures company fails to add the corresponding margin in time according to the futures company's notice or actively reduce the position, and the market situation is still developing in an unfavorable direction, the obtained funds are used to fill the margin gap.
The difference between hedging liquidation and forced liquidation
In the course of trading, the futures exchange takes compulsory liquidation measures in accordance with regulations, and the losses arising from liquidation shall be borne by members or customers. The realized liquidation profit belongs to the futures exchange's forced liquidation due to the violation of members or customers, which is included in the non-operating income of the futures exchange and is not distributed to the violating members or customers; If it is forced to close its position due to changes in national policies, continuous price fluctuations and other reasons, it will be distributed to members or customers.
What are the methods of closing positions?
Stop-loss liquidation: in the case of a certain profit, increase the cost of stop-loss protection, and then increase the stop-loss according to the technical pattern with the development of the market until the stop-loss is eliminated. This method is suitable for unilateral market.
Close the position at the second top: close the position when it is observed that the price cannot reach a new high and there are signs of falling back. This liquidation method is an improved and upgraded version of the stop-loss liquidation method, which can grasp the due profit to the greatest extent.
Resistance liquidation: liquidate the position when the price reaches or is about to reach the next resistance level, without waiting for the impact result. This method is suitable for market volatility or fishing callback to grab a rebound. When it comes to unilateralism, most obstacles are ineffective and many profits will be missed.
Target liquidation: treat each order as a gamble with high odds, and set stop loss and take profit at the same time. The take profit target is at least three times of the stop loss, and adjust the opening position according to the fixed loss amount. When holding a certain profit, the cost of stop loss protection increases. Assuming that the profit-loss ratio is 3: 1 (this is the minimum value), as long as the success rate of making orders reaches 25%, the breakeven point can be reached. Assuming the success rate is 7: 3, the overall ratio of the system is (7 * 3): (3 * 1), which is 7: 1. This method is also most suitable for volatile markets.