2. For the lightweight intraday inertia operation of the above varieties, generally do more after two consecutive waves, and close the position after one wave; Or the last two waves are short, and the next wave is closed. When there are unexpected situations, such as unilateral market, or stop loss, or reverse opening next month, we will choose the distance and long-short ratio according to the actual situation.
3. For varieties that may turn the trend, such as natural rubber, first choose to open the position with the trend, and close the position on the day of profit. If it is not profitable, change positions before closing positions.
4. For new varieties such as corn, do more on a small scale first, and add positions as soon as you have a sense of direction.
5. It's best to choose a short variety with a large price difference every other month, so as to lock the warehouse in the next month when the unfavorable situation occurs.
6. Pay attention to the traction effect of channels on varieties and the effectiveness and effectiveness of channels.
7. No matter whether the transaction is smooth or not, try to keep the margin below 2/3 before closing. If there are hedging positions, the margin excluding hedging factors should be controlled between 1/2-2/3.
Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.
The delivery date of futures can be one week later, one month later, three months later or even one year later.
A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.
Transaction classification
Commodity futures and financial futures. Commodity futures are divided into industrial products (which can be subdivided into metal commodities (precious metals and non-precious metals) and energy commodities), agricultural products and other commodities. Financial futures are mainly traditional financial commodities (tools) such as stock index, interest rate and exchange rate. All kinds of futures trading include options trading.
Commodity futures
Agricultural products futures: such as soybean, soybean oil, soybean meal, indica rice, wheat, corn, cotton, sugar, coffee, pork breast, rapeseed oil and palm oil.
Metal futures: such as copper, aluminum, tin, lead, zinc, nickel, gold, silver, rebar, wire, etc.
Energy futures: such as crude oil (plastics, PTA, PVC), gasoline (methanol) and fuel oil. Emerging varieties include temperature, carbon dioxide emission quota and natural rubber.
Stock index futures
Stock index futures: such as FTSE index in Britain, DAX index in Germany, Nikkei average index in Tokyo, Hang Seng index in Hong Kong, Shanghai and Shenzhen 300 index, etc.
Interest rate futures
Interest rate futures: Interest rate futures refer to futures contracts with bond securities as the subject matter, which can avoid the risk of securities price changes caused by interest rate fluctuations. Interest rate futures can generally be divided into short-term interest rate futures and long-term interest rate futures. The former is mostly based on the three-month interest rate of interbank lending, while the latter is mostly based on long-term bonds with more than five years.
Foreign exchange futures
Foreign exchange futures, also known as currency futures, are futures contracts that convert one currency into another at the current exchange rate on the last trading day. Refers to futures contracts with exchange rate as the subject matter, which are used to avoid exchange rate risks. It is the earliest variety in financial futures.