Futures trading is different from stocks. Stocks represent ownership. Once acquired, it can be held for life unless it is removed or transferred. Futures represents a contractual relationship similar to trade, which originated from the spot market. Since it is a contract, it involves specific projects, specific time and specific price.

For example, as shown in the figure, the specific project involved is copper, and the following 1508 is the time involved. The following figure shows the expected market price of copper in August 2005. This 1508 is the delivery month of this contract.

According to the regulations of Dalian Commodity Exchange and Zhengzhou Commodity Exchange, future positions, a commodity held by a natural person, can only be held until the last trading day of the last month of the delivery month. The commodities of Shanghai Futures Exchange can be held in multiple copies until the first half of the delivery month. This is from the trading rules. How long can I hold my position?

In trading operation, retail positions will encounter a big market for two or three months, and most positions will not exceed 1 week. A small number of band and trend traders are in 1 month.