In futures trading, once the losers think of taking orders or adding positions, they are unwilling to bear their own mistakes when they lose money, so they will choose to take orders and add positions, hoping to be out; But did you do the right thing? Most investors rush to add positions without knowing how to add positions. Instead of reducing transaction costs, they further expand their losses. So in today's article, we will talk about those things in adding positions.

Common phenomenon of adding positions in the market (taking the rising market as an example)

Blind jiacang

This phenomenon is characterized by buying from the top in an upward trend, but the market is still rising after buying. At this time, speculators will think that the market will fall again, because the bottom position is a loss, so they will buy again. At this time, the number of positions added is more or less. It is common to buy 5 hands in the first bottom position and 5 hands or 10 hands in the second position. The idea is that the market can be released quickly as long as it falls. As a result, transaction costs are increasing. Here, we convert the investors' buying from the bottom warehouse to the buying from the second warehouse 10. Has the transaction cost been reduced? After adding the current thread futures of 3,000 points, the opening price of investors' first-hand positions is 30 10 points, and the second-hand positions are 3050 points 10 lots.

The average price of five positions in the first 3000 positions is: (3000×50)÷50 = 3000 yuan/ton.

When the market rises to 3050 points, the position loss at this time is: (3000-3050)× 10×5=-2500 yuan.

The average price of the second 3050-point position 10 is: (3000× 50+3050×100) ÷150 = 3033.33 yuan/ton.

At this time, the latest market price is 3080 points, and the position loss is (3033-3080) ×10 ×15 =-7050 yuan.

As can be seen from the above data, if speculators blindly add positions, they will increase their losses after adding positions, so they need to use the correct method to add positions in the futures market;

The correct way to add positions

When adding positions, you can use the pyramid water adding position law to add positions. What is pyramid jiacang? Please refer to the following figure:

Pyramid opening is a method to increase contract positions, that is, if the market trend is the same as expected after opening, and the position has been profitable, you can increase the position, but the following two principles should be followed to increase the position: ① Only when the existing position has been profitable can you increase the position; (2) The increase of positions should be gradually reduced. Pyramids are the characteristics of building positions, that is, the average price of multiple futures contracts that are constantly bought is kept at a low level to bear greater risks;

For this, let's give an example:

A speculator predicted that the price of thread futures would rise in June 5438+February, so he bought 7 lots (10 ton/lot) and the transaction price was 43 10 ton/lot. After that, the contract price quickly rose to 4350 yuan/ton, and the first seven-hand contract he bought had brought him 10× 7× (4350. In order to further take advantage of this favorable price change, we bought 5 lots of 65438+February contracts again, and the total number of positions increased to 12 lots. The average purchase price of 12 contract is:

(4310× 70+4350× 50) ÷120 = 4326.7 yuan. When the market price rose to 4385 yuan/ton again, three contracts were bought, and a total of 15 contracts were held, with an average position price of 4338.3 yuan/ton. When the price rises to 4405 yuan/ton, buy two lots, and the total number of contracts held is 17 lots, with an average purchase price of 4346.2 yuan/ton. When the market price rises to 4425 yuan/ton, buy 1 lot, the total position is 18 lots, and the average buying price is 4350.6 yuan/ton, as shown in the following table.

As can be seen from the chart, the investor holds a multi-contract of 18 lots, but every time he adds a position, he only adds a position when the bottom position is profitable, and the position is gradually decreasing. When the price climbs to 4,425 points, the average position at this time is 4,350.6 points, which means that investors are currently profitable: (4,425-4,350.6) × 65,438. And can withstand the fluctuation risk of at least 74 points in the market. On the contrary, if investors choose to gradually increase their positions, it means that the average price of their positions will be closer to the current price and the risk of market fluctuation will be lower;

Precautions for pyramid-type warehousing:

1. Ask speculators to correctly analyze the market direction before they can dance on the waves;

2. Require a good grasp of trading points. Buying points determines profit and loss, and selling points determine profit.

(3) in the case of profit, you can gradually add positions, otherwise you can't add positions;