Second, I feel that you are talking about a forward contract;
Now let me explain the futures problem to you:
1, futures trading system: it is a two-way transaction, which is what you call bullish and open positions. Futures are T+0 transactions, and positions can be opened and closed within days; Futures shall be subject to a margin system and paid in accordance with the proportion stipulated by the exchange;
2. About opening positions and closing positions: opening positions means that you buy contracts in cash, buying and opening positions is bullish, and selling and opening positions is bearish;
3; Futures contracts are standardized, and the smallest trading unit is called hand, one hand and two hands in China; Agricultural futures are generally divided into 1 month, March and May. . . Odd month contract.
4. The soybean contract stipulates that primary soybean 10 ton, that is, your question itself is wrong; At present, opening a futures account generally requires a minimum deposit of 500 million yuan. Of course, most futures companies have very low requirements. At present, the initial amount of your account is 50,000 yuan. Change your question a little:
Suppose the price of soybeans in June 5438+ 10/5 is 2000 yuan/ton, and you are bearish, then you sell five lots of soybeans in July, so you have to pay 2000 *10 * 5 *10% =/kloc-0. As a result, soybeans rose to 2200 yuan in May. You are mistaken. Your book floating loss = (2200-2000) *10 * 5 =10000 yuan. If you don't want to hold the contract any more, then you should sell the contract and close the position, which is what you said in your question. In fact, you can understand that after you open an account, there is only cash in the account, that is, deposits. On June 5438+ 10/5, you thought that the plunge would fall in the future, so you bought the futures contract that was bearish in July, that is, you sold the position. He means that you paid a deposit of 10000 yuan. Then you have the right and responsibility to sell 5 lots of soybeans at the price of 2000 yuan/ton on July 15, but you don't actually have real soybeans in your hands at this time, but you have the right and responsibility to sell the corresponding amount of soybeans at the agreed price. There are two ways to relieve this responsibility and obligation: 1: hold you in the futures market at any time after you open your position until the final delivery date of July 15. Buying a position is equivalent to buying the same variety and quantity of soybeans in the futures market. You were bearish, so you bought a contract to sell soybeans in the future without soybeans. Because you paid a deposit, you can sell soybeans first because there is no spot. Now that you have bought the same number of soybean contracts in the futures market in the same month, your responsibilities and obligations are offset. To put it simply, you don't have soybeans, and you think soybeans will fall in the future. Then after you pay a deposit of 65,438+00,000 yuan (that is, sell positions), you also guarantee that you can pay five lots of soybeans or equivalent cash as compensation in the future, but after a while, soybeans will rise instead of falling, so you may change your mind and think that they will rise. If you hold this put contract again, the loss will be even greater, so you want to cancel this put contract. Then you execute the order of buying and closing positions in the futures market at the real-time price, which is equivalent to buying soybeans in the futures market equal to your bearish contract, indicating that you have fulfilled your responsibilities and obligations. About opening and closing positions: you only need to remember one thing: you originally sold and opened positions, so you need to buy and close positions in the future, you originally bought and opened positions, and you need to sell and close positions in the future; Opening a position means that you have changed from cash to contract, and closing a position means that your contract has been converted into cash again.
5. Futures price: Futures trading price is the same as that of stocks. There are many participants in this market. They keep trading, and the price is always changing. So this price changes every day, whether you open a position or close a position, that price is the actual transaction price at that time. Your price should be submitted according to the current market transactions.
6. In the above example, if the soybean contract futures price in July falls to 65,438+0 800 yuan on May 65,438+02, then your book profit is = (2000-65,438+0,800) * 65,438+00 * 5 = 65,438. If you think that the soybean has almost fallen, or you are satisfied with the profit, then you can submit an order to buy and close your position at 1800 yuan/ton. After the transaction is completed, your profit is 10000 yuan. Your book cash changed from 50 thousand to June.
Finally, futures have both risks and benefits, and need good comprehensive quality, discipline and broad knowledge structure. I suggest you read more books on futures theory and familiarize yourself with it before downloading a futures software. Futures also need good luck and good psychological quality. Good luck, my friend.
The explanation I give you now is very irregular, mainly considering your current acceptance. You should look at the basic theoretical knowledge of futures. The futures market is a very important price hedging tool, a value discovery tool and a hedging tool for large capital risks.