1. The settlement price is used to calculate the after-hours profit and loss of the futures company. In order to prevent someone from deliberately manipulating the price at the last minute, a settlement price was set.
2. After the closing, the futures company shall calculate the profit and loss according to the settlement price, realize the settlement on the same day, and prevent the positions from crossing. For individuals, they can't make money after closing, and the opening price at night is the new price, so the settlement price does not affect. Only futures are marked to the market day by day, and the reference price is not the closing price but the settlement price. The calculated price is the weighted average price for a certain period of time. Futures settlement price refers to the process in which futures settlement institutions settle the profits and losses of positions held by customers according to the settlement price announced by the exchange. This is mainly for the convenience of futures companies to do statistics, and has little to do with the actual profit and loss of your account. Your actual profit and loss is mainly based on the opening price of the next day. The most important thing in futures trading is to grasp the direction of the market. In the right direction, the rest is the problem of earning more and earning less. If the direction is wrong, it is a problem of losing more.
1. Why is the annual position of the futures account profitable when closing the position, but it is a loss on the statement of the day?
(1) The reason for this suspicion is that investors don't understand the relationship among futures closing price, settlement price and transaction price. Let me tell you what the futures settlement price means and how the futures settlement calculates the profit and loss. Settlement price refers to the average price of all-day futures trading. Closing price refers to the price of the last transaction before the closing of futures trading. The transaction price refers to the actual transaction price of futures.
(2) Generally, it includes two aspects: calculating floating profit and loss and calculating actual profit and loss. 1. Floating profit and loss. The clearing institution shall calculate the floating gains and losses of the members' open positions according to the settlement price of the transactions of the day. The formula of multi-head calculation method is as follows: floating profit and loss = (settlement price of the day-opening price) × position × contract unit-handling fee. Futures profit and loss calculation, futures trading profit and loss calculation method, if it is positive, it means more floating profit. Negative values indicate long-term floating losses. 2. Calculation of actual profit and loss. The profit and loss realized by liquidation is called actual profit and loss. The formula for calculating the actual profit and loss of bulls is: profit and loss = (closing price-buying price) × positions × contract units-handling fee.