How does BTC contract burst
the risk control of each futures company is not the same. Some futures companies will inform you to replenish funds when your margin is close to 120%. For the control line of forced position closing, each futures company is also different
generally speaking, if you trade a rebar with a deposit of 40000 yuan for a 100000 Yuan account, the price will fluctuate in the opposite direction, and you will be forced to close your position. Then there will be about 15 thousand balance left. How much is left depends mainly on the proportion of burst positions of futures companies and the cross sliding point of price when closing positions
as you said, if you trade with 40000 yuan, the margin is 40000 yuan
in the past few years, many of the great gods of commodity futures and those who have called the wind and the rain have died - they have been forced to level off. They are like Han Xin, very talented, very good. But its risk appetite is destined to be leveled sooner or later
I don't recommend trading in this way. It's good to burst the position. There's still a little pocket money left. In case of going through the position, it's miserable, not to mention the return of the capital... Nine times out of ten, those who jump out of the building are either outside financing or inside going through the position
if you design a fund management system, you can make a lot of profits by trading gently and compounding slowly.
1、 The core content of futures settlement business is the daily mark to market system, that is, the daily no liability system. Specifically, it has the following aspects:
(1) floating profit and loss: the settlement institution calculates the floating profit and loss of the member's open position contract according to the settlement price of the day's transaction. The formula is as follows:
floating profit and loss = (settlement price of the day opening price) * contract unit * position - handling charge
if it is positive, it means long floating profit or short floating loss. Negative values are just the opposite
(2) actual profit and loss:
the profit and loss realized by position closing is the actual profit and loss. Most futures trading is through the usual way to understand. The formula is as follows:
actual profit and loss of bulls = (closing price buying price) * contract unit * position - handling charge
short actual profit and loss = (selling price - closing price) * contract unit * position - handling charge
analyze and explain the difference between the profit and loss of the fixed position, the profit and loss of the fixed position and the total profit and loss:
first look at the "profit and loss of the fixed position": there are two situations: first, if you close the position on the same day, then:
profit and loss of the fixed position = closing price - opening price
it depends on your buying price and selling price. If you buy when you build a position and the closing price is higher than the opening price, then you are making a profit. If you sell when you build a position and the closing price is higher than the opening price, then you are losing money. On the contrary, if you buy when you build a position and the closing price is lower than the opening price, then you are losing money. If you sell when you build a position and the closing price is lower than the opening price, then you are making money
if your warehouse is not built on the same day, it is a historical warehouse. Then your fixed position profit and loss = closing price - yesterday's settlement price. Specific profit or loss, depending on your closing price and yesterday's settlement price which is higher or lower. If you buy when you build a position and the closing price is higher than yesterday's settlement price, then you are making a profit. If you sell when you build a position and the closing price is higher than yesterday's settlement price, then you are losing money. On the contrary, if you buy when you build a position and the closing price is lower than yesterday's settlement price, then you are losing money. If you sell when you build a position and the closing price is lower than yesterday's settlement price, then you are making a profit
look at "mark to market profit and loss": there are two situations. One is that if you open your position on the same day and close it on the same day, then this operation does not have "mark to market profit and loss"
if the position you open on the same day is not flat on the same day, then there will be "mark to market profit and loss" = settlement price of the day opening price. Specific profit or loss, depending on your day settlement price and opening price which is higher or lower. If you buy when you build a position and the settlement price on the day is higher than the opening price, then you are making a profit. If you sell when you build a position and the settlement price on the day is higher than the opening price, then you are losing money. On the contrary, if you buy when you build a position and the settlement price of the day is lower than the opening price, then you are losing money. If you sell when you build a position and the settlement price of the day is lower than the opening price, then you are making a profit
On the one hand: total profit and loss = closing price opening price. The specific profit or loss depends on your buying price and selling price. If you buy when you build a position and the closing price is higher than the opening price, then you are making a profit. If you sell when you build a position and the closing price is higher than the opening price, then you are losing money. On the contrary, if you buy when you build a position and the closing price is lower than the opening price, then you are losing money. If you sell when you build a position and the closing price is lower than the opening price, then you are making money. On the other hand: total profit and loss = mark to market profit and loss + mark to position profit and loss. Specifically, profit or loss, we can see whether the total profit and loss is positive or negative. To illustrate, let's take a simple examplefor example, if you short one hand of gold yesterday, suppose that the trading price of gold you sold yesterday was 260 yuan / g, the settlement price yesterday was 255 yuan / g, and the settlement price today is 265 yuan / g. Then there are several possibilities:
(1) if you operate in the opposite direction before yesterday's closing, that is, you buy another hand of gold yesterday to close out your position, assuming that your purchase price is 258 yuan / g, then your profit is 2 * 1000 = 2000 yuan. So, does your 2000 yuan profit belong to "position profit and loss" or "mark to market profit and loss"? See clearly, the 2000 yuan profit here is the profit and loss of the position. And it's profitable
(2) if you didn't close yesterday. So you didn't focus on the profit and loss of your position yesterday, only on the profit and loss of the market. (255-260) * 1000 = 5000, and it's a profit, that is, + 5000.(3) if you don't close your position today, you don't focus on the profit and loss of your position today, and you only focus on the profit and loss of the market. (265-255) * 1000 = 10000, and it is a loss, that is - 10000 (4) if you close the position tomorrow, the closing price is 263 yuan. So you don't have to mark the market profit and loss tomorrow. You have to mark the position profit and loss. It is (263-265) * 1000 = 2000, and it is profitable, + 2000
(5) then you hold it from yesterday to tomorrow, the total profit and loss = (263-260) * 1000 = 3000, and it is a loss. On the other hand, from total profit and loss = mark to market profit and loss + mark to position profit and loss = 5000-10000 + 2000 = - 3000, loss& lt;/ P>
The difference between mark to market profit and loss and floating profit and loss is: if we only consider the case of single contract (taking multiple orders as an example), the floating profit and loss is "settlement price of the day - opening price"and the mark to market profit and loss is "settlement price of the day - settlement price of the day before yesterday"
Second, the so-called position explosion refers to the situation that the customer's equity in the margin account of investors is negative under some special conditions. When the market situation changes greatly, if most of the funds in the margin account of investors are occupied by the trading margin, and the trading direction is opposite to the market trend, the leverage effect of margin trading will be caused. It's very easy to pile up. 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 enforcement Most of the reasons are related to improper fund management. In order to avoid this situation, we need to control the position profit, manage the fund reasonably, and avoid the full position operation in stock trading. Different from stock trading, investors must follow stock index futures in time. Therefore, stock index futures are not suitable for all investors 
extended information:
futures trading process:
once you have selected a suitable brokerage company, the next step is to open a futures trading account. The so-called futures trading account refers to a capital credit account opened by futures traders for trading performance guarantee. It's easy to open an account, and the agency will be very helpful
risk exposure
you will read a & quot; Futures risk disclosure Book & quot The risk disclosure statement is standardized and unified throughout the country. When accepting the application for opening an account for passengers and goods, the futures brokerage company shall provide the customer with the risk disclosure statement of futures trading. The indivial client shall sign the futures trading risk statement after carefully reading and understanding; After the client has carefully read and understood, the legal representative of the unit shall sign the futures trading risk statement and affix the official seal of the unit
sign contract
sign Commission trading agreement with futures brokerage company, which clearly stipulates the rights and obligations between futures brokerage company and customers. The indivial client shall sign the contract, and the unit client shall sign and affix the official seal on the contract by the legal representative
when opening an account, an indivial should provide his / her ID card and keep his / her seal or signature sample card. When opening an account, the company shall provide a photo of the business license of the enterprise legal person, the name and telephone number of the legal representative and the executor of the futures trading business of the company, the seal of the company and its legal representative or the person in charge of the company, and the written authorization of the legal representative to authorize the executor of the futures trading business
application code
the exchange implements the registration and filing system of customer transaction code, and customers should fill in & quot; when opening an account; Futures trading registration form;, Fill in some basic information about you on the form. This form will be submitted to the exchange by the brokerage company to set up a unique futures trading code for you, also known as trading code. One code for each household, special code only, no mixed code trading. When a futures brokerage company cancels a client's trading code, it shall file it with the exchange
After the above proceres are completed, the futures brokerage company will prepare a futures trading account for you and fill in & quot; Account card & quot; It's up to you. In this way, the account opening work is completed. After signing the futures brokerage contract in the futures brokerage company, the client shall pay the deposit for opening an account in accordance with the provisions. The futures brokerage company shall deposit the margin paid by the client into the client's account specified in the futures brokerage contract for the client to conct futures trading. The margin collected by a futures brokerage company from a client shall be owned by the client; The futures brokerage company shall not use it for other purposes except to deposit margin to the futures exchange for settlement in accordance with the provisions of the CSRC
extended data: Futures Trading_ Network
1、 Calculation method
1. If your futures account number is 10000, you need 4000 margin to open a hand of Soybean (futures margin is divided into maintenance deposit and opening deposit, and 4000 opening deposit, then 3150 is maintenance deposit). Now the margin occupation is 4000, and your available fund is 6000. When the market changes, when calculating the profit and loss, you need 4000 margin, It's all calculated with your available funds first
2. Suppose you lose 6000 in your account, the available funds in your account are 0, and the funds occupied by the margin are 4000, then you will not be forced to level. When the market goes bad again, you lose 850. The total capital is only 3150, which is lower than the maintenance deposit. Then you will be forced to close out. So, at the end of the day, you have 3150
Second, the reasons for forced position closing are as follows: 12. If a member or client violates the trading rules of the exchange, the exchange shall have the right to forcibly close the position in violation of the trading rules. It mainly includes: exceeding the position limit in violation of the position limit; Violating the large account reporting system, failing to make a report or making a false report; Joint manipulation of the market; As well as other illegal activities that must be forced to close positions
3. Forced closing e to temporary changes in policies or trading rules
When the loss of the difference between the open position contract held by the customer and the settlement price of the day exceeds a certain ratio, and the customer fails to pay the additional margin within the specified period, the company has the right to forcibly close the position of the customer in the contract in hand, so as to rece the level of the margin, rece the risk and protect the customer from greater economic losses, The consequences of compulsory position closing are borne by customers
extended data
processing method
when the balance of member's settlement reserve is less than zero and is not made up within the specified time, forced position closing can be divided into three situations:
first, when only the self operated account is in breach of contract, the position of self operated account shall be forced closing according to the order of total contract position. If the settlement reserve is still less than zero after compulsory position closing, the investors in the agency account shall be transferred
Secondly, when only the brokerage account is in default, the balance of settlement reserve and the closing amount of the self operated account are used to make up, and then the positions in the brokerage account are forced to be closed according to certain principles Thirdly, when both self operated account and brokerage account default, the order of forced liquidation is self operated account first, then brokerage account. If the settlement reserve is greater than zero after the position of the brokerage account is forced to close, the investor will be moved When there is only one member in this situation, the position of self operated account should be closed first, and then the position of brokerage account should be closed. The number of closing positions of relevant investors should be determined according to the proportion of the number of excess positions of members and the number of positions of members; When there are more than one member in this situation, priority should be given to the member with a large number of excess positions as the object of forced liquidationif the investor exceeds the position, the investor's position will be forced to close; If an investor holds a position in more than one member, he shall choose the member to close the position according to the order of the number of positions from large to small. If a member and an investor exceed their positions at the same time, they shall first close the positions of the investors who exceed their positions, and then close their positions according to the method of members' exceeding their positions