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Investigate whether your financial strength has reached the threshold of stock index futures investment.
In addition to the threshold standard for investors to open accounts required by the appropriateness system, from the perspective of trading, stock index futures trading is far higher than the threshold for buying and selling stocks. Generally, when buying and selling stocks, as long as the funds in the fund account are enough to buy 1 hand stocks (that is, 100 shares), the starting point of funds for stock trading can be very low. Thousands or even hundreds of dollars in the account can buy stocks, but it is different to participate in stock index futures trading. According to the regulations of the exchange, the minimum trading margin ratio of stock index futures contracts is set at more than 8% of the contract value. In order to control the risk of customers more strictly, the corresponding futures companies will generally increase the margin ratio stipulated by CICC by 2-5 percentage points, depending on the futures company where customers open accounts. In this way, the deposit that customers have to pay is higher than the minimum limit of 8%.
Specifically, how high is the capital threshold for participating in stock index futures trading? If the Shanghai and Shenzhen 300 stock index futures have 5,000 points and the contract multiplier is RMB 300 yuan per point, then 1 the value of the futures contract = 5,000× 300 yuan = 1.5 million yuan. If investors want to buy or sell 1 lot futures contracts, they need to pay a deposit = 15% (excluding transaction costs), and the deposit =10.5 million yuan ×15% = 225,000 yuan.
However, this does not mean that investors will be fine as long as they have 230 thousand. Because the biggest difference between stock index futures and stock trading is that as long as there is a price change that is not conducive to holding positions, there is a risk of additional margin. Assuming that investors are bullish and buy 1 futures contracts at 5000 points, and the futures index just falls in the later period of buying, then investors will have to pay an extra deposit of about 1.5 million yuan (1.5 million yuan × 1%) for every drop in the futures index. Once the price falls to 15%, the margin of the first-hand index contract that investors initially bought will be lost. If they want to keep that order, they will continue to add 225 thousand yuan.
The practical operation experience of mature futures market shows that, based on the principle of rational allocation of funds and risk prevention, the margin occupied by contracts in actual transactions should generally not exceed 1/3 of the total amount of funds in the margin account. In other words, investors should prepare about 500,000 to 600,000 yuan for buying and selling 1 stock index futures contracts. It can be seen that the capital requirements for investors in stock index futures trading are much higher than those for buying and selling stocks. The capital of about 500,000 yuan is only the minimum guaranteed capital threshold for participating in stock index futures trading. So remind investors that they must have sufficient financial strength to participate in stock index futures investment.
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Check whether you have strong risk-taking ability and psychological endurance.
A person's personality is a dual combination: firmness and vacillation, tenacity and fragility, courage and timidity, patience and impatience, carefulness and carelessness, pride and modesty, contentment and greed, decisiveness and slowness? The reason why successful people succeed is not that they are born without shortcomings, but that they strive to give full play to their advantages and pay attention to overcoming their shortcomings in practice. The futures market is changing rapidly, winning big and losing big, testing investors' humanity and cultivating their character. I believe that no industry can match it. Choosing the timing of entering the market requires patience and impatience; Overweight and expand the results, all by courage, can not shrink back; Timely profit liquidation, contentment, too greedy will spoil the broth; If you make a mistake in compensation, you must make a decisive decision and never be swayed by considerations of gain and loss; Persist in small repetitions, rely on firmness rather than vacillation, and so on. In a sense, the profit of futures trading is the return of personality advantage; On the contrary, loss is a punishment for human weakness.
The stock index futures market is a high-risk and high-return game market. Before expecting high returns, investors should first consider their risk tolerance. For those investors who are vulnerable, suffer losses, can't sleep at night or even have a nervous breakdown after entering the market, as well as patients with cardiovascular diseases and investors who will have psychological endurance problems after making profits, it is not suitable to participate in stock index futures trading.
03
Check whether you already have certain futures professional knowledge.
Investors who know nothing about stock index futures are not suitable to participate in stock index futures trading. In addition, investors should arrange a certain time to concentrate on futures investment, which is very necessary for the success of futures investment. Compared with investors' own work and career, futures is an auxiliary investment activity for most investors, which is easily overlooked. As a professional and intellectual investment activity, futures need to accumulate market experience for a long time and often pay attention to economic, political and other news events that affect the futures market. By analyzing the background factors of ups and downs, it is undoubtedly worthwhile to make time for futures trading and increase the depth and breadth of your knowledge.
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Check whether you can correctly handle investment mistakes.
Futures often go up or down, and the probability of winning is half to half. In the futures market, no one guarantees profit and no one guarantees loss. Winning in the past does not mean winning in the future, and losing in the past does not mean losing in the future. As the saying goes, "once you fall, you will gain wisdom." There are always reasons for losing money in futures before, so you should prescribe the right medicine when reviewing. Those who went against the market in the past will go with the market in the future; If you stick to your post when you were wrong in the past, don't delay decisively in the future; I used to be greedy, picking up sesame seeds and losing watermelon. After that, I picked watermelons instead of sesame seeds. Put all your eggs in one basket in the past, and then divide your troops step by step. Don't make mistakes in the past, but correct them by self-discipline. However, getting rid of the mistakes made before does not mean making money every time in the future. If you are generally afraid of the previous losses and stay away from it from now on, it is not the right attitude to learn lessons. Only by scientifically reviewing the shortcomings can we plan the future rationally. Anyway, the tuition has been paid, so we should rally and make a comeback in the future. In fact, it is not just a question of how much you want to earn, but a test of whether a person has the courage and perseverance to "fall down and get up" when facing setbacks. Failure is the mother of success. As long as we review past losses, learn from them, explore several practical experiences and force ourselves to abide by them, there is always a chance to stand among the winners.
In short, the following four categories of people-people with poor financial strength, people with weak risk tolerance, people who know little about stock index futures, and people who have no time to take care of them-should avoid blindly participating in stock index futures trading.
Before deciding whether to participate in stock index futures trading, investors should comprehensively evaluate their own economic strength, futures cognitive ability, risk control ability, physiological and psychological endurance, and carefully decide whether to participate in stock index futures trading. If it decides to participate, it shall truthfully declare the account opening materials in a responsible manner, and shall not adopt false declaration and other means to evade the requirements of investor suitability standards; We should follow the principle of "the buyer is responsible and the seller is responsible" and undertake the performance responsibility of stock index futures trading. In addition, investors should abide by laws and regulations, safeguard their legitimate rights and interests through proper channels, and must not infringe upon the national interests and the legitimate rights and interests of others, and must not disturb social order.