I. Trading Rules
1. Two-way transaction
Futures belong to two-way trading varieties and have a short-selling mechanism. When the price rises, make more money and lose money by shorting; When the price fell, shorting made money, thanks to money. In other words, when the price falls, we also have the opportunity to make money, which is incomparable to stocks. So the concepts of bull market and bear market are not very strong. As long as you can grasp the direction and make money, every day is a bull market for you.
2. Leveraged trading
Trading in the futures market does not need to pay the full amount of funds, but only needs to pay part of the margin to get trading opportunities, which is commonly called leveraged trading. For example, you need to pay a margin of 10% for a certain variety of transactions, and the leverage is 10 times, that is, your income and risk are amplified by 10 times; If you need to pay a 20% margin, the leverage is five times, which means that your income and risk are magnified five times.
Because in any mature market, few people make money, and the futures market is no exception, and after adding leverage, the losses are doubled, so there will be a saying that "futures are riskier than stocks". You need to work hard when you are working while the iron is hot. If you have rich practical experience, the futures market can consider it. Otherwise, it is recommended to study or practice the simulation disk first.
3.T+0 trading
Futures is a T+0 transaction, that is, you can close your position at any time, buy on the same day and sell on the same day. This is conducive to grasping profits and controlling risks. The disadvantage is that it is easy to lead to excessive short-term speculation. If the risk is not well controlled, the principal loss will be quick. Therefore, the futures market requires higher trading discipline, and there is no clear trading plan and discipline, so it is very easy to suffer big losses in the short term.
4. Negative sum market
The futures market itself does not create profits, but some people make money in it, others lose money in it, and every transaction has a handling fee. This is a typical game rule of negative sum game. Generally speaking, if you make money in the futures market, it must be someone else's loss. Similarly, if you lose money, it must be someone else's. According to statistics, no matter the number of accounts or the amount of funds, the profit side is far less than the loss side.
Second, the operation skills
1. Risk control first
The reason why risk control is put in the first place is because futures are leveraged transactions. If you don't pay attention to risk control, a loss is enough to make you lose your strength. Strictly make orders with stop loss and take profit. When the profit is determined, you can move the stop loss and take profit to expand the profit. Don't bring an order. In addition, futures should be handled as lightly as possible, and Man Cang should be eliminated at any time. Furthermore, try not to hold positions overnight. Holding a position overnight means that you have to take the risk overnight. The so-called big sleep, no one knows what your account will become after one night.
2. Stop day trading.
Futures are T+0 transactions, and can be traded infinitely in one day. Many novice friends are very easy to operate frequently. If you lose money, you will be in a hurry to return to your capital and keep adding positions. The more you lose, the more you lose. When making money, greed is insufficient and confidence expands. As a result, people give up floating profits and have to bear the loss principal.
3. The principle of following suit
In the bull market, do more with the trend, instead of grasping the air when you see more gains; In the short market, take advantage of the trend to short, instead of going to the bottom when you see that it has fallen much. The result of contrarian operation is constant stop loss or even short position.
4. Trading plan and discipline
Stock trading requires planning and discipline, and it is even more necessary to speculate in futures. Futures are profitable and risky. Without strict trading plan and discipline, it is difficult to survive in the futures market.
5. Keep repeating and studying.
There are ways to make money and reasons to lose money. After closing every day, you must take the time to summarize and reflect on the market and your own transactions: why can you make money and why can you lose money? Is the market going this way today because of news or technicality? Is the current trend more or less empty? Is there any sign of reversal? What is the operation idea for tomorrow? ... these courses must be studied persistently. It's hard in the early stage, and it will become more and more smooth after you get skilled. Everything is difficult at the beginning, and no one can succeed casually in the futures market. Without much thought, it can only be eliminated by the market.