Bitcoin's opening and closing short
Short refers to selling positions, can also be called use, sell a certain type of currency loans, bullish. Do long: do and refer to the multi warehouse, can also be called Lido, also known as multi warehouse. Buy some kind of loan currency and be bearish
Long means that the price will rise after estimation, so buy the contract and sell it at sky high price after the price rises in the future. Net profit. Short selling means that the potential will fall after estimation, so sell the contract and buy the contract at a low price after the price falls in the future. Net profit2. For hedging: to be long means to evade or wash away the risk of proct cost expansion caused by future price rise, and lock up the cost in advance. Short selling means to evade or wash away the risk of profit rection caused by the price decline in the future, and lock in the profit ahead of time
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burst, under some special conditions, the customer's equity in the investor's margin account is negative. When the market changes greatly, if most of the funds in the margin account of investors are occupied by trading margin, and the trading direction is opposite to the market trend, it is easy to burst e to the leverage effect of margin trading
if the position explosion leads to the deficit and is caused by the investors, the investors need to make up the deficit, otherwise they will face legal recourse. The bigger the leverage is, the closer it is to the burst. We should be cautious when adding any leverage
1. Open a position and build it. In the transaction, there are usually two ways of operation, one is bullish market to do long (buyer), the other is bearish market to do short (seller). Whether long or short, placing an order is called & quot; Opening & quot;. Can also be understood as in the transaction, whether it is to buy or sell, all new positions are called open positions
2. Closing out refers to the transaction behavior of one party of futures trading in order to cancel the previously bought or sold futures contracts. Position closing is a general term for the behavior of long sellers selling their stocks or short sellers buying back their stocks in stock trading
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closing position classification
closing position can be divided into hedging closing position and compulsory closing position
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Compulsory position closing refers to a third party (futures exchange or futures brokerage company, such as Fuhui global gold exchange trading platform) other than the position holder forcibly closing the position of the position holderthere are many reasons for forced position closing in futures trading, such as customers' failure to add trading margin in time, violation of trading position restrictions, temporary changes in policies or trading rules, etc. In the standard futures market, the most common one is forced closing e to insufficient margin
specifically, when the trading margin required by the customer's position contract is insufficient, and the customer fails to increase the corresponding margin or rece the position in time according to the notice of the futures company, and the market is still developing in the direction of unfavorable position, the futures company will forcibly close part or all of the customer's position in order to avoid the loss expansion, The act of filling the margin gap with the funds obtained
the content of this article comes from the series of general knowledge of legal life published by China Law Press
the so-called & quot; The curse of delivery day;, That is to say, on the settlement day of stock index futures, the trading volume and volatility of futures and spot will increase significantly. The reason is that stock index futures use cash delivery, arbitrage trading and position shifting trading will occur on the same day, resulting in fluctuations in the spot market. The most obvious performance is the sharp drop in the spot market
delivery: the transfer of spot goods between the seller of futures contract and the buyer of futures contract. All exchanges have specific proceres for the delivery of spot commodities. Some futures contracts, such as stock index contracts, are settled in cash
delivery date: - the date on which the parties agree to exchange money. According to the rules of the Chicago Board of trade, the delivery date is the third day in the delivery process. The contract buyer's clearing company must deliver the delivery notice together with a full amount certified check to the office of the contract seller's Clearing Company on the delivery date. Delivery in futures means that when your futures contract is e, you need to make physical delivery. That is, when the futures contract is e, the seller should perform his ties according to the law stipulated in the contract, and the buyer should pay for the goods in full. Generally used for legal person
The Curse of delivery date is the "maturity effect", which is common in overseas markets. In mature markets, the "triple witch effect" often occurs, that is, when stock index futures and options mature, some trading phenomena that are different from usual occur. Relevant studies found that: in the last hour of the simultaneous maturity of all index derivatives contracts, there will be an abnormally large trading volume and small stock price volatility. In the last half hour before the closing of maturity, the trading activity of S & P500 stock decreased significantly, and increased significantly in the opening stage of maturity. It is worth mentioning that before the official launch of stock index futures in China, Singapore launched Xinhua FTSE A50 stock index futures. Even if it was as far away as Wanli, the delivery date of A50 futures still had an impact on a shares. Among them, in the last round of bull market, several deep-seated falls of investors, such as "2.27", "5.30" and "6.27", were related to the maturity and delivery of Singapore FTSE A50 Index futures contract to a certain extent. A50 is highly correlated with the Shanghai Stock Exchange 50 index. The impact of its delivery date on a shares has won it the nickname of "A50 curse"
