Lock order hedging position:

The lock order function is usually used to hedge open positions. If you don't click on the lock order to hedge, but directly place a reverse order in the same currency group at the opening position, it will cause a relative write-off with the original position. For example, if you open another USD/EUR sell position, the related position will be automatically reversed.

If the lock command is used, two parts of two directions will exist at the same time, and they will not cancel each other out. Generally speaking, lock orders are used to lock the current losses or profits until the right time comes.

There are two ways to lock the order: right-click on the chart to lock the order and choose to buy or sell. Then check the locking options in the pop-up window. If the lock option is not selected, the two-way parts of the same currency group will cancel each other out.

Or right-click the opened position and click "Hedge Position" in the pop-up message window. If you have multiple open positions, you can set all or fewer locked positions at once, just enter the number of positions to be locked in the "Lock List" window that pops up.

Some investors often like to lock orders when they make mistakes, that is, lock the original loss orders with new purchase orders or sale orders. This operation method was invented by some financial companies in Hong Kong and Taiwan Province, and it is easy for investors to keep a psychological balance when accepting losses, because investors can expect to bill when the price is nearing the end.

In fact, after locking the order, when investors reconsider making the order, they often instinctively close the profit order and leave the loss order instead of considering the market trend. In most cases, the price will continue to move in the direction of investors' losses, so it will be locked and then opened. Unconsciously, the price of the locked order will expand by hundreds of points.

Unlocking orders inadvertently become contrarian orders again and again. Occasionally catch a rebound of one or two hundred points, and often refuse to cut the order because the price of the loss order is too far away. As a result, the losses are getting bigger and bigger.

Probably every investor knows the importance of quickly reducing the loss list. Novices lose money by floating orders, and veterans lose money by floating orders. Floating lists are the deadliest of all errors. However, investors still repeat this mistake over and over again. Why?

The reason is that ordinary investors often place orders by feeling, while experts often place orders as planned.

Blindly placing orders leads to losses, dejected and nervous, knowing that the general trend has gone, but still taking chances, indecision, constantly relaxing the price of stop-loss plates, or having no concept and plan of stop-loss plates at all, always expecting the market price to completely reverse at the next resistance point, and the result of one loss is enough to hurt the vitality.

The psychological misunderstanding corresponding to this kind of loss-making heart is that profit makes wisdom greedy. After paying the bill, the price is still rising. Why pay the bill? The price has started to fall, let's see. When the order turns from profit to loss, we are even more reluctant to pay the order. By the time we were forced to behead, we had already suffered heavy losses.

Many people often have this experience: the list of losing money has been delayed by hundreds of points. When you are lucky enough to return to a loss of only twenty or thirty points, you expect to even out the commission before you go out. When you are lucky enough to level the commission, you expect to earn dozens of points before you go out ... The result of greed is often that the market price seems to have eyes, always turning around when it is just the price you want to close, and never coming back.

After losing a few times, you will be afraid of the market, occasionally grasp the general trend, the price is good, but you will be nervous after you set it at 10: 08, and finally earn 10: 20 with commission, and then hastily close your position.

If you lose, you won't give in to the market, bite the bullet, and if you earn, you won't dare to win as boldly as stealing money. At this rate, it's not surprising that your capital is lost.

Locking orders is not arbitrage.

One day, a "master" of a futures company boasted to me that he made a great order that day. As for what beautiful list it is, he has to keep it a secret for his clients. Under my repeated questioning, the "master" said helplessly, "I made a double-edged sword." The so-called double-edged sword is actually a pair of lock orders. The same contract, the same price (even the selling unit price is lower than the buying unit price), buying 100 lots and selling 100 lots are all new positions. Isn't this yourself and yourself? Seeing my puzzled expression, he went on to explain: "If the price goes up first, my order will be profitable, so I will close my position and then close my empty order after the price falls back;" If the price falls first, my empty order will be closed first, and I will pay the bill after the price rises again. This can be profitable and risky, which is the best of both worlds! "

In fact, he made the assumption that the price only fluctuated for a short time and would not break through in a certain direction. In my opinion, all lock orders are a negative protective measure because the market (at least short-term market) is not allowed, and the essence is an act to avoid mistakes. Compared with empty orders, lock orders not only take up the deposit, but also pay an extra round of handling fees (because for speculators, they will eventually close their positions). Since the market is not sure, they will do it anyway. What better explanation can there be than investors' fingers itch?

But whenever I explain this point, it will immediately attract many people (mostly customers) to oppose it. The reason is that most people are easy to accept the lock order when the existing position is unfavorable, rather than stop loss. This gives me a further view: locking orders locks losses and profits; Locked the market and locked the mood. Admitting that you have done something wrong is admitting that you have done something wrong, but locking orders only confuses short-term shocks.

From this point of view, the lock list is not as useless as I said. At least locking orders is better than going against the market. Of course, lock orders (even cross-month lock orders) are not arbitrage.