1. liquidation: the liquidation behavior of one party in futures trading for the purpose of offsetting the futures contracts previously bought or sold.

2. Ping Jin: A transaction conducted by a party to a futures transaction to offset a futures contract bought or sold on the same day.

Second, the trading cycle is different.

1, liquidation: refers to the collective name for selling stocks bought by bulls or buying back stocks sold by bears in stock trading, and liquidating historical positions.

2. Ping Jin: Just liquidate the position. Only one day.

Third, the rules are different.

1, liquidation: investors buy or sell stock index futures contracts with the same variety, quantity and delivery month, but in the opposite direction, so as to liquidate stock index futures trading. It can also be understood as: liquidation refers to the trading behavior of traders, and the way of liquidation is to hedge the position direction.

2. Ping Jin: The order of closing positions is: first level the historical position, and then level the current position. The closing order is subdivided into: closing historical speculative positions, closing current speculative positions, closing historical arbitrage positions and closing current arbitrage positions.

Baidu encyclopedia-liquidation

Baidu Encyclopedia-Ping Jin