Category: Money tips Release Date: 2007-07-03
Qian Duoduo had worried about the "departure from the futures and spot trends," the situation has finally happened.
14:45 late Monday, when the Shanghai and Shenzhen 300 Index to a new high-launch "attacks", the stock index futures suddenly come to a "high diving", 10 minutes, fell more than 400 points. Sudden change in one hit Qianduo Duo unprepared. Because of this "accident", Qian Duoduo the 14-year futures expert, also experienced a simulation of futures trading since the "Waterloo" --- ten minutes a loss of 1.5 million yuan!
"Finally comes, I'll wait for this loss has been long time!" Trading after Qianduo Duo convened Zhuangbiao, Lao Zhang, and Xiao Xu with the "share" this lesson. In the lot of it, this is his long expected, but do not know when to come. With this loss, Qian Duoduo trading stock index futures, the mind will become more pragmatic today.
"At that time futures prices Mogao 3088 points, after hovering between points in 3080-3087 less than a minute. I saw the Shanghai and Shenzhen 300 index hit a new high of 2490 points, so as usual 'gambling' late, Tuk leisurely manner holds more than 20 hand-bills, by the way ran out smoked a cigarette, "Qian Duoduo recalled," but came back a look at the futures prices have slid 200 points to 2880 points, a! so he started running around in circles 'flesh'. "
For this loss, Qian Duoduo very well. "I made two mistakes, the first ignores the difference between futures and spot, futures prices were higher than the spot price of nearly 600 points! Arbitrage disk may come in any time pressure index; second, I destroy a 'can not keep an eye on the liquidation plate' discipline, too overlooked! "Qian Duoduo concluded. However, this time is not a stock index futures and spot a real departure from the place, but had too much difference between the two.
General of the stock index futures expert opinion, after 14:45 there was plenty of body arbitrage plate. "Institutional see the price difference of 600 points, it will at the same time by selling futures, buying in the spot market and the relevance of stock-index futures are basically the same package of stock, or ETF for arbitrage buying until the price difference due to narrow, or delivery again when both sides of the open positions at the same time. like a 600-point difference, institutions arbitrage profits are very rich and abundant "in order to always say," So, when the futures and spot spread particularly when trading futures must be very careful, and at all times may change disk, does not necessarily occur in late! "
Fortunately, Qian Duoduo psychological quality good, his "flesh," he also always concerned about the adequacy of the funds in his book, if found to fund a "negative" on the initiative to lighten up. If the company's futures trading system has been strong level, the loss immeasurable. Lessons through Monday, Qian Duoduo Tuesday once again regain the 800,000 yuan. However, the lot itself acknowledges, transaction time to leave the seat of absolute self-inflicted. Because they are the old traders, among them, an iron discipline is: go to the bathroom before the absolute liquidation.
"Today's Quotes A similar situation, I suggest you to practice to practice", through Monday's defeat, Qianduo Duo seems to feel very pleased, but they seem a bit flustered by Mr. Chang. "If we trade, then Monday may be even worse defeat than the lot," Mr. Chang lot of comfort, "It seems that at least one thing we must comply, there is no stare disk condition, absolutely no deal."
