For many people who are new to financial knowledge, there are countless knowledge to learn and various technical terms emerge one after another. Therefore, Bian Xiaote brings you what is closed gravel, hoping to help you.
What does it mean to close the position with gravel?
The closing price of sand and gravel, also known as flat cabin price, refers to the price of goods transported to the port and loaded on board (all expenses incurred before sailing, including all expenses incurred before boarding), but does not include related expenses thereafter.
1. Leveling: It means that after cargo is loaded, in order to keep the pressure balance and navigation safety of the ship, it is necessary to mobilize and level the bulk cargo such as coal and grain piled into the cabin. This operation is called "leveling". Therefore, "fair price" refers to the price of goods transported to the port and loaded on board (all expenses incurred before sailing, including all expenses before boarding), but does not include related expenses thereafter. And "liquidation" refers to hedging futures contracts held by opponents (selling long contracts or buying short contracts for hedging), that is, understanding the significance of holding positions.
2. Closing price: also called FOB. Refers to the price of coal shipped to the port, including all expenses before boarding, that is to say, the seller ships the coal, but does not pay the transaction price of sea freight. (There are several links in the settlement of a ton of coal when it arrives in Hong Kong: taking Qinhuangdao Port as an example, wagons enter various coal unloading locations in Qin Port, such as 6 and 7 companies go to Liucun South Station and enter the dumper room to unload coal. There is a storage fee for dumping into the coal pile with a belt conveyor, and different companies charge different fees. Coal is mined from the coal pile by the reclaimer and sent to the loader by the belt conveyor for loading and finishing. The cost of the whole process of loading, unloading and closing positions in Qin Port is generally called the port lump sum fee, which is about 16 yuan/ton, and the storage fee is counted separately. )
3. The whole process of futures trading can be summarized as opening positions, holding positions, closing positions or physical delivery. Opening a position, also known as opening a position, refers to the new purchase or sale of a certain number of futures contracts by traders. Buying and selling a futures contract in the futures market is equivalent to signing a forward delivery contract. If traders keep futures contracts until the end of the last trading day, they must settle futures transactions by physical delivery or cash settlement. However, only a few people make physical delivery, and most speculators and hedgers generally choose to sell their futures contracts or buy back their futures contracts before the end of the last trading day. That is to say, the original futures contract is written off by a futures transaction with the same amount and opposite direction, thus ending the futures transaction and relieving the obligation of physical delivery at maturity. This behavior of buying back a sold contract or selling a bought contract is called liquidation.
4. Liquidation refers to the behavior of futures investors to buy or sell stock index futures contracts with the same variety, quantity and delivery month, but in the opposite direction, thus liquidating stock index futures trading. It can also be understood as: liquidation refers to the trading behavior of traders, and the way of liquidation is to hedge the position direction. Closing a position in futures trading is equivalent to selling in stock trading. Because futures trading has a two-way trading mechanism, there are two kinds of closing positions: buying and closing positions (corresponding to selling and opening positions) and selling and closing positions (corresponding to buying and opening positions).
What is liquidation?
Closing a position refers to an investment operation in which investors buy funds or stocks on the basis of their original shares, and then sell them before the end of trading hours, so as to keep their shares unchanged. Simply put, closing a stock is selling it. Average refers to selling all existing stocks at the current price, which is also called clearance in stocks.
In fact, the meaning of liquidation is easier to understand. He is talking about people's own stock selling behavior. However, it must be noted that in addition to the operation of self-liquidation, there can also be forced liquidation, that is, futures are sold by a third party.
Although under normal circumstances, the third party will not operate futures, but in some special circumstances, it may be forced to close the position, such as not paying the trading margin on time or the futures loss is too large.
Concepts related to liquidation
1. Jiancang
Refers to buying some funds or stocks; Covering positions means buying more funds or stocks if they fall.
2. Man Cang
Refers to buying funds or stocks with all the money in your hand; Half-position refers to buying a fund or stock with half of the investment funds.
3. Heavy positions
It means that the funds to buy funds or stocks account for a large proportion of the total investment funds: light combination means that the amount of funds to buy a fund or stock is not much.
Break down a position
Refers to leveraged investment, the principal has been lost, and the position has been "exploded".
Relieve your stress
It refers to selling a little fund or stock: jiacang refers to buying more when the fund or stock rises or investors are bullish on the fund or stock; Closing a position means that the investor sells after adding a position, so that the holding share remains unchanged.
Do you really understand liquidation?
Closing a position is usually used for investment stop loss or take profit, that is, investors choose to sell all the shares they hold, which is called closing a position. There is also a situation called forced liquidation.
For example, Xiaoer sells strawberries, and now the purchase price of strawberries is 10 yuan/kg. I only have 100 yuan in my hand, and I can only buy 10 kg, but the orchard requires at least 100 kg to enjoy the purchase price of 10 yuan. So Xiao borrowed 900 yuan from an organization and collected 1, 000 yuan to buy goods. At this time, if the strawberries in the market rose to 15 yuan/kg, Xiao directly earned 500 yuan, (15x100-1000 = 500), which is equal to five times the profit of the principal.
However, if the price of strawberries drops to 9 yuan/Jin, only strawberries from 900 yuan will be left, but 900 yuan borrowed them from an institution. Once the total price of strawberries is less than 65,438+000 yuan, the small part has been lost. At this time, if Xiao does not continue to increase investment, an institution will forcibly withdraw all strawberries, which is called forced liquidation, also called short position.
Investment strategy to reduce the probability of forced liquidation
1, reasonably control your position, do a good job in buying light positions, and reserve enough funds to deal with the dangers caused by the opposite trend of the target, such as using pyramid position management method, funnel position management method, rectangular position management method and so on.
2. Keep track of changes in the market. When the market changes in the opposite direction, close the position in time, instead of staying put.
It should be noted that it is no longer mandatory for customers to keep the guarantee share of 130%. Members should carefully evaluate and negotiate the minimum guarantee share requirements with customers according to the conditions of the mall, the credit status of customers and the risk management ability of the company. When the customer's credit standing is good and the current shopping environment is good, the retained guarantee share may be lowered, that is,120%; When the customer's credit status is poor and the shopping environment is in a bear market, the retained guarantee share may be increased, that is, 150%.