There is a rule in the futures market called: three-board liquidation.

The so-called three boards, that is, three consecutive daily limit or down limit, can also be simply understood as a continuous rise of 30% or a decline of 30%. The exchange will make the group with the largest loss level. The method is that the system will automatically find the group with the largest profit and make a deal (without their permission), and the empty orders and multiple orders will cancel each other out.

Because futures are generally at least three times leveraged, when the unilateral market rises or falls by 30%, the person who makes the wrong direction will lose at least 90% of the principal.

Futures, like stocks, have ups and downs, and you can't leave if you want to. If there is another board after the third board, and the loss exceeds 100%, this is called going through the warehouse. Not only did it lose money, but it also owed the futures company a deposit. Therefore, in order to avoid this situation, all three boards should be traded.

From this system, we can see the cruelty of futures, and the third board is a common phenomenon in futures. Once the third board appears, it means that almost half of the people in the market have been eliminated. ...