It is precisely because the trend of stock index futures is consistent with the trend of stock index that it is the basis of hedging.
Because stock index futures can be traded in both directions.
I use the Shanghai and Shenzhen 300 Index instead of the stock description here.
For example, I bought 6.5438+0 million in 2800 and rose to 2950, so I was worried that it would not go up; I sell in stock futures, such as 2970,
In this way, even if it falls back to 2800, my stock profit will be zero, but the profit of stock index futures, because it is sold first, is almost 170 (for example, the price of stock index futures is also 2800 at this time).
Generally, large funds have good stocks. If they don't want to sell, they can hedge by paying round-trip fees.
But I think most people still don't use the function of stock index futures, but rather trade the spread of stock indexes, just like stock trading.
The leverage, duration and risk of futures are still greater than that of stock trading.
1。 How to say stock index futures? It seems that you have no experience in futures operation. Let me tell you this, the pricing of futures has theoretical standards, which is based on the consistency of futures and spot trends. What does this mean? If there is deviation, there will be opportunities for risk-free arbitrage. Specific to the stock index, if the market skyrockets, as retail investors, we don't know what to do. We can't go short or chase high. Stock index futures provide such a short-selling mechanism. At this time, you can, in fact, not only you, but most institutional investors have already shorted the stock index. In the stock market, they will sell on rallies and then suppress the stock price, which may lead to a double harvest not only in the stock but also in the stock index. From the above, you can easily see that stock index futures provide a short-selling mechanism, which can curb the crazy rise of the stock market. Without it, in such an immature market, the biggest risk is our retail investors. Generally speaking, the stock index has changed the mode that only rising can make profits, and introduced a check and balance mechanism, which can make stocks rise steadily. Generally speaking, both before and after the launch are short-term and long-term, because the economic situation in China is developing steadily.
2. You don't have to track large-cap stocks as recommended by the organization. These are mostly indicators of the Shanghai and Shenzhen 300, which is the operating stock of stock index futures. Now, once the stock index is launched or in the future (this is mainly the time for institutions to open positions and positions), these large-cap stocks will have a big dive.