Futures is an antagonistic game, and it may be more dangerous to make futures with huge funds than with small funds. In specific transactions, the loss of small funds may be caused by investors' misjudgment, inadequate technology, mentality problems and other factors; In addition to the above points, the losses of super-large funds will also be due to factors such as inconvenient access and inconvenient change of positions (generally, super-large funds only do one direction at a time, but today they don't do much, and it will clear up), and bigger opponents will stare at the opposite side. Judging from the speculative function of futures, the futures market is a wealth distribution market, which does not generate additional wealth. Only the more wealth that participates in the futures market, the more wealth that can be distributed. Therefore, if there is no opponent in the futures market, you can't make money. If everyone is bullish and no one is bearish, transactions cannot be matched and wealth cannot be distributed; If most people are bullish and a few are bearish, then the market will rise rapidly, but the rise will soon end, because the bears disappear instantly and there are too few funds to allocate; If the bulls are slightly stronger than the bears and both sides have a lot of money, then the market will fluctuate and rise slowly, and eventually a lot of wealth can be allocated to the bulls. When a variety does not have more funds to participate, even if there are significant positive or negative, its market will not be particularly large, because in the varieties with few rival funds, no more funds are willing to intervene; When the position of a contract is greatly reduced, its market fluctuation will be smaller than other contracts of the same variety, and the same is true. For super-large-scale funds, even if the fundamental and technical analysis is relatively reasonable, they may lose money because of the cooperation of larger-scale funds, but they cannot be withdrawn in time. For super-large funds, first of all, you can't participate in varieties or contracts with too small turnover; Secondly, we should always pay attention to the inflow and outflow of funds of various varieties and contracts and look for configurable funds; Finally, more importantly, it is necessary to avoid becoming the distribution target of larger funds.