Hello, futures have been falling, there is no way to close the position, so we can only try to hang on the daily limit. If not, we can only wait for the market to rebound. At present, there is no continuous limit for any variety. The continuous limit is the crude oil futures contract in 2020. At that time, it was also an extreme situation, which was caused by various factors. Investors need not worry too much. In addition, investors should manage their positions and avoid Man Cang. If the position is controlled at around 30%, the risk can still be controlled! The following suggestions are for reference:

On the next trading day in call auction, we will queue up for shipment at a daily limit. But in general, according to the current general situation, it is unlikely that there will be a continuous limit, so basically you have the opportunity to close your position on the last trading day, and sometimes there may even be a strong rebound. On that day, when you reached the daily limit, you could not close your position in the opposite direction to the market unless you had already opened the position, but there were many people waiting in line. That depends on luck. If it is the daily limit in the same direction for three consecutive trading days, you can close the position by agreement, and there will be queues at that time. In the current economic situation, it is rare to see three consecutive rises unless there is major news. If there are three consecutive price limits, the exchange will arrange for you to close your position by agreement; But this rarely happens.

In case of daily limit, you can continue, that is to say, you can close your position. In this case, there are two liquidation operations, one is hedging liquidation and the other is forced liquidation. The former is to sell or buy futures contracts that have been bought or sold before, which is more active. The latter is that the margin is insufficient, and the futures exchange implements the operation of compulsory liquidation of members or futures customers. Once the futures limit, if you want to open an empty order or close more orders, you need to queue up. It depends on luck. If you are lucky, the list is in the front, or the daily limit is opened in the session, and the transaction is completed.

If there is a unilateral extreme market of continuous down limit in futures, the exchange will increase the range of up-and-down limit and increase the margin ratio. When there is a daily limit for three consecutive trading days, the Exchange will take one or more unilateral or bilateral measures, with the same proportion or different proportions, to increase the trading margin of some or all members, suspend some or all members from opening new positions, adjust the range of price limit, limit the withdrawal of funds, close positions within a time limit, and forcibly close positions to resolve market risks. The same is true for continuous daily limit.