The securities market is more sensitive to expectations, and most of the time (except in the early days of bull market and stock market crash) is more suitable for reverse investment. Time can be exchanged for money, which is a high probability market. The futures market is more suitable for homeopathic trading, and at the same time, it can use leverage flexibly, which can generate excess returns in the short to medium term.

The futures market is a power game between bulls and bears, but you have to understand why bulls/bears win;

Because the market sometimes has false expectations, it is impossible to find the contradiction between supply and demand of spot in a short time, and the fluctuation from imbalance between supply and demand to balance is more certain, so it is easier to get benefits.

The criterion for my evaluation of pre-judgment lies in the difference between supply and demand in the spot market and the expected difference in the futures market. Some people think that pre-judgment is useless, which may be caused by their psychological potential reasons and want to find the holy grail of trading once and for all.

On-the-spot investigation is something that professional financial practitioners must do before making certain and large transactions, which can clearly understand the truth of the current and future contradictions in the market and tap the possibility of real imbalance between supply and demand.

Futures seems to be a small and wide market, but it is actually a big and small market.

I am still optimistic about the future profitability of steel, nonferrous metals, steel, nonferrous metals and other cyclical sectors next year. Apart from the sustainability of the market itself, it is also related to national policies. At present, the market is biased against this and we think it is an opportunity.

My core competitiveness mainly comes from the high accuracy of subjective judgment and the hedging mechanism of long-short strategy once the judgment is wrong, which ensures that the risk can be well controlled, and at the same time, the combination of speculation and investment creates certain excess returns at critical moments.

The biggest difference between fund products and self-operated single accounts comes from retracement and the volatility of the account as a whole.

Fund products are more like a business. It is necessary to maintain a good long-term relationship with customers in order to expand the product scale, control the cash withdrawal rate, and use leverage step by step within its own liquidity control ability to realize the diversification of trading varieties.

I usually read the news on "One Futures" and feel quite good. You can also have a look.