After the "double 1 1" bloodbath, some commodities in the futures market continued to fall in these two days, especially black commodities, which plummeted recently. For many investors who do futures, these days are really hard, and some investors have even reached the point where they don't think about tea and rice.

The violent fluctuations in the futures market have also exposed many people to risks, but how big the risk is, we look at it from two aspects.

Judging from the impact of the incident.

The "double 1 1" crash that day was a "disaster" that many investors have never experienced. Let's review the incident and see how much impact it brought.

165438+1October1opening 2 1, ferrous metals both rose sharply, iron ore rose by 5.6%, rebar rose by 3.8%, and Shanghai copper rose by 4.3%. 40 minutes before the opening, the crazy rising market has been going on, and many of them have daily limit.

However, around 2 1: 40, a shocking scene appeared. Agricultural products began to fall in batches, and double meal, palm oil, soybean oil and vegetable oil plummeted. Zheng Mian once changed from daily limit to daily limit.

In fact, at that time, many commodity varieties took only ten seconds from the daily limit to the plunge.

Due to the excessive market amplitude, some investors were short (short: the customer not only lost all the deposits in the account before opening the position, but also owed money to the futures company). In addition, due to the sudden market crash and huge trading volume, many futures investors simply can't log in to their accounts and can't stop losses in time.

According to the statistics of the asset management network, 66% of the accounts suffered losses due to flash collapse, and 20% of the futures accounts suffered the biggest losses on 165438+ 10/0/4.

Judging from the impact, if futures are improperly operated, it is likely that people will lose their blood.

From the perspective of trading mode

What caused this event to have such a great impact on investors?

Senior analyst of Jiafeng Ruide, a well-known wealth management institution in China, said that on the one hand, commodity futures rose too much before, and now they are starting to pull back; On the other hand, it is also related to the way futures are traded.

Futures is actually a leveraged transaction, because futures have a very remarkable feature-margin system. When trading futures, investors do not need to pay the total amount of futures contracts, but only pay a certain proportion of the contract amount. These funds are the deposit.

The margin system has obvious leverage, such as:

Suppose an investor buys 5 tons of copper futures 10 lots, and the unit price of one ton is 30,000 yuan/ton according to the futures price at the time of purchase, then the total contract amount is 1.5 million (10 * 5 * 30,000). If the margin of copper is 6%, investors can actually leverage the contract of 1.5 million only by paying 90 thousand.

However, problems have also emerged. If the copper price drops by 2% on the second day after buying the contract, the investor's loss is 30,000 yuan instead of 1.8 million yuan, which is equivalent to expanding the capital by more than 1.6 times.

Analysts at Jiafeng Reid said that this kind of highly leveraged trading will force investors to close their positions or even wear positions when the market fluctuates greatly. Therefore, for ordinary investors, it is best not to participate in such transactions.

In addition, the current market situation is unstable. Compared with high-risk investment products such as futures, some stable products are more suitable for investment, such as stable portfolio investment plan and products of Jia financial platform.

If you want to participate in futures investment, it is recommended to operate lightly and avoid Man Cang (the margin accounts for more than 90% of the total funds) or overnight heavy trading. At the same time, stop-loss and profit-taking lines should be set to avoid huge losses.