Two-way position refers to holding the same futures contract in two directions. Holding a position in the same direction is a reverse position. There are empty orders and many orders. This practice is to reduce risks, losses and profits, which can also be understood as adding 0.5 leverage. Holding positions in the same direction refers to opening one-to-many orders and adding several orders, or opening empty orders and adding several orders. One-way (multiple orders or empty orders) billing is risky. Once it succeeds, it will make a big profit, and once it fails, it will also be a big loss.

Futures trading can be operated in both directions, that is, it can buy up or buy down. Two-way warehouse opening is to pay the bill and sell the bill, which has the function of locking the warehouse. It is common that the form is not clear enough. If you don't want to close your position, you can place an order in the opposite direction, so there will be no loss, and then go in the opposite direction after the situation is clear. Then holding a position in the same direction means only doing one direction.

Full warehouse mode means that all available balances in the account can be used as collateral assets to avoid being forced to close the position. The advantage of this model is that as long as the leverage is moderate, the possibility of short positions is very low, so it is often used for hedging. Warehouse-by-warehouse mode means that the secured assets allocated to a position are limited to a certain amount.

If the secured assets of the position are insufficient to support the floating loss, the position will be forced to close. Therefore, when the two-way position fluctuates greatly and the leverage is high, the warehouse-by-warehouse mode is easy to be forced to close the position, but the final loss is only the position protection assets, without affecting the account balance.

1. Man Cang mode The advantage of this mode is that it is simple to operate, and one account can be opened without running back and forth. The unrealized gains and losses of any other position can be directly used as the margin of another contract. For example, my btc position made money and my ETH position lost money. Although BTC has not closed its position, unrealized gains and losses can be directly used as the margin for additional ETH, which can achieve the purpose of hedging between contracts, reduce the overall margin requirements and improve the utilization rate of funds.

2. Warehouse-by-warehouse mode The warehouse-by-warehouse margin is very useful for speculative positions. The assets in this account are your biggest possible loss, so as to help you when your short-term speculative trading strategy fails and limit the loss to a range. For example, in the case of large fluctuations and leverage, although it is easy to be leveled, the ultimate loss is only the assets under this account, and it does not affect the balance of other accounts.

3. In the use of account funds, the whole warehouse mode is that all account funds are used as margin and shared by multiple contract positions. The warehouse-by-warehouse mode is to calculate the margin separately for each account, and the profit and loss do not affect each other. It can be understood that the whole warehouse is to put all the eggs in one basket, and the warehouse-by-warehouse is to spread the eggs into multiple baskets.