For investors, their position is naturally clear. The total position of the whole market is actually there. In the market information released by the exchange, there is a column of "total positions", which refers to the total number of "open positions" of all investors in futures contracts. Traders keep opening and closing positions in the process of trading, so the total position is constantly changing. As the total position becomes larger or smaller, it reflects the market's interest in the contract and becomes an indicator that investors are very concerned about.
If the total positions increase all the way, it shows that both long and short sides are building positions, market traders are more and more interested in contracts, and more and more funds are pouring into contract transactions; On the contrary, when the total position decreases all the way, it shows that both long and short positions are closing positions and traders' interest in the contract is declining. On the other hand, when the volume increases, the total position changes little, indicating that the transaction is mainly based on changing hands.
1. For the opening algorithm, it is calculated in China. The increase in positions represents the inflow of funds into the futures market, and vice versa. The impact on the price should be analyzed together with the volume. Price increases, turnover and positions increase, and prices rise, indicating that prices may continue to rise. The decrease in trading volume and positions and the increase in prices indicate that prices will rise and fall in the short term. The increase in trading volume, the decrease in positions and the rise in prices indicate that prices will fall immediately. Prices fall, trading volume and positions increase, prices fall, and prices may fall in the short term. Trading volume and positions decrease, prices fall, and prices will continue to fall in the short term. As the turnover increases, the positions and prices fall, and the prices may rise.
2. Position gains and losses, as opposed to liquidation gains and losses. Also known as book profit and loss or floating profit and loss. Based on the settlement price of the day, the difference between the position value of the contract held by the trader at the closing of the transaction and the original position value. Position gain and loss is an unrealized gain and loss, which is usually not recognized as investment income according to the income of accounting subjects in realization principle. However, due to the high risk of futures investment, it is necessary to disclose it in order to provide decision-making information to users of financial statements. Therefore, it can be reflected in the futures investment income account, and it can also be reflected by setting the position gain and loss of the secondary subject under futures, which is different from the realized futures investment gain and loss.