Only in domestic futures can we realize the concept of locking positions.
The first big point: domestic futures lock positions, a big reason is also restricted by exchange rules.
The most obvious ones are stock index futures, coking coal and coke.
If lock-in trading is not used, the handling fee for closing stock index futures on the same day is 15 times higher than that for closing stocks overnight.
For coking coal and coke, the closing fee for the same day will be three times higher than that for overnight closing.
The second point: In addition, the lock warehouse has a trading function, which provides a way for subjective traders to avoid huge fluctuations in their mentality.
1. For example, if a trader doesn't have an order, he will panic. At this time, the locked position is similar to the closed position. Such traders always feel that they have missed tens of millions and hundreds of millions without opening their positions, so locking positions just satisfies their mentality.
2. Allow some traders to maintain a relatively favorable average admission price. For example, if you buy rebar in 2000, you judge that there will be a callback in 2500, and the general direction will still rise. Then if you close your position at this time and re-enter the market at that time, the price will definitely not be 2000, which will affect your mentality. So you can lock the warehouse, avoid callback, and then unlock it. At this time, your average admission fee is still 2000. (So is shorting)
Author: Dream prescription to break the beauty bubble
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