Position cost refers to the total transaction cost after trading a financial product or derivative (such as stock or futures) in batches for a period of time, MINUS floating gains and losses, divided by the current holdings. Before the expiration of physical delivery or cash delivery, investors can voluntarily decide to buy and sell futures contracts according to market conditions and personal wishes. However, investors (bulls or bears) hold futures contracts, and do not carry out reverse operations (selling or buying) with the same delivery month and quantity. This operation is called holding positions. In the futures operation of gold and other commodities, whether buying or selling, all new positions are called opening positions. After the operator opens a position, he holds a position in his hand, which is called a position. Extended data:

For the algorithm of opening positions, calculate according to your understanding in China. The increase in positions represents the inflow of funds into the futures market, and vice versa. The impact on the price should be analyzed together with the volume.