Category: Money tips Release Date: 2007-07-18
Mr. Chang is a master of the market warrants, in Wuliangye, Wuhan Iron and Steel warrants speculation there have been impressive in the "battle." And warrants compared to T +0 trading stock index futures in addition, it also introduced a short-mechanism, for which Mr. Chang can operate hundreds of back and forth a day. After three days of trading, Mr. Chang has been able to adapt to fast-paced short-term stock-index futures trading.
However, Mr. Chang of stock index futures point and the amount of the conversion between a bit puzzled. "In the stocks and warrants trading, we are generally estimated according to a certain percentage of fees, for example, warrants the amount of the transaction fee of 0.3%. Stock index futures fees and the association between the point position?" In order to obtain short-term trading experience, Mr. Chang invited Xiao Xu for help in futures and short-term expert Qian Duoduo tea.
"According to the current in the payment of the tentative contract design, Shanghai and Shenzhen 300 index of 300 yuan each point, the smallest fluctuations in units of 0.1 points, exchange fees charged by the provisional standard 30 yuan / hand (equivalent to a price volatility), the smallest trading unit is a hand, the largest single amount of 500 orders in hand, "Qian Duoduo said," If you bought in 1600 points, opening the granary, at 1600.1 points, to sell open positions, just can make up for the exchange fee. But apart from exchange, the futures companies will charge a fee, if the futures companies to charge 30 yuan / hand processing fee, then you need to pay exchange fee is 60 yuan / hand, that is, the above-mentioned 1600.2 transaction when you sell, just preservation. "
Qianduo Duo is a short-term futures trading master, although the investment margin is only 2 million or futures trading in commodities, the annual fee paid to the futures exchange is 1000 million yuan. Therefore, he is very care about the standard in futures trading commission.
In each transaction fees charged by futures companies are different. If the simulation trading, Shanghai mid-term futures in the company's fee is based on gold standard established by 30 yuan for each hand (including exchange fees); and Wen Hua, Zhejiang New Century Futures and futures companies to charge 90 yuan, respectively / hand and 100 yuan / hand (including exchange fees). 90 yuan / hand the standard, for example, 1600 points to buy unlocked the cells, you must wait until 1600.3 points, to sell open positions only when capital preservation. If investors in a contract involved in the final trading day of delivery, will also be charged in accordance with the above criteria the corresponding delivery fees.
"By the time how much money should I trade stock index futures," Mr. Chang asked Qianduo Duo. The biggest feature of futures margin trading, after Mr. Chang has been considering a question: if they participate in stock index futures, when the time how much money from the stock market turn over more appropriate.
"Based on my experience, if you do not participate in short-term trading, position ratio generally should not exceed 30% of the total margin; if you simply for engaging in short-term trading, the ratio of 50% of it anyway, but do not stay overnight positions", the researchers recommend. 1660 points, according to the Shanghai and Shenzhen 300 Index, futures charged 10% of the margin calculation, each hand margin of 49.8 thousand yuan trading (1660 points × 300 Yuan / point × 10%). "I understand, you suggest the conservative case, the primary need to be prepared to do nearly 20 million of funds; if Zhizuo short-term, according to the current point and has done first-hand about 100 thousand yuan is enough," Mr. Chang said. (Send
"YXAK" sent to 2.9116 million mobile subscribers, China Unicom users sent to 9.9016 million you can get
"this" spring "in advance as" winter planting, "silence is bound to large outbreaks of Niugu" 0.3 yuan each, please rest assured that tie-up.)
