Xia Xiaona asked, "Why didn't I see it, where is it?"

Li Xin pointed to the right side of the computer screen and said: "Here, the opening price has risen by 1,340 yuan, if I don't close the position last Friday afternoon, the profit has disappeared by nearly 27 million yuan now, do you say it's exciting?"

"Didn't you get away with it?"

"Well, if I had hesitated a little on Friday, the honeymoon would have been tangled up right now. ”

"I said it wrong, I didn't escape, it should be a victorious retreat!"

"Hehe, whatever you say, it's all the same anyway. ”

"Do you think it's going to go up?"

"It should go up, London copper has risen sharply, and domestic copper prices are estimated to rise with it. ”

"Then why hasn't this number been moving?"

"It's 8:59 now, it's the call auction time, and you can see the opening data from the call auction, and in more than 30 seconds, it will open at 9:00. ”

"Why is it so troublesome? Why do you have a call auction, can't you just open the market at 9:00?" Xia Xiaona asked puzzled.

Li Xin said: "Of course, there is a reason for this, there is still a call auction in the stock market, and this thing is even more indispensable in the futures market." ”

"Why?"

"The trading in the futures market is leveraged, and the large fluctuations in the opening price and the closing price will lead to a large profit or loss on the book profit of many investors. ”

"Oh, I see. So is there a call auction at the time of closing? Otherwise, wouldn't someone maliciously suppress or raise the price at the time of closing?"

You're right, for example, there is a call auction process in the last few minutes of the stock market, so that the closing price reflects the opinion of the public. However, the closing price in the futures market does not rely on call auction to restrict malicious price increase or suppression, but relies on the settlement price mechanism to prevent risks. ”

"So how did this settlement price come about?"

"The calculation of this price is a little more complicated, it is calculated by using a weighted average algorithm to calculate all the transaction prices in the whole trading day, do you know the concept of weighted average price?"

"You know, it's not just about the transaction price, but also about the number of transactions at that price, right?"

"That's right, the settlement price calculated by this method is relatively fair, and using this settlement price to settle can prevent someone from maliciously manipulating the price. ”

"Oh. ”

"Look, it's open. Li Xin pointed to the K-line chart that began to change and said to Xia Xiaona.

Copper futures opened at a price of 53,800 yuan and immediately fell, falling to 53,450 yuan within three minutes.

"Didn't you say that it was going to go up? Why did it fall so much? Compared with the opening price, it has fallen by 350 yuan. Xia Xiaona asked puzzled.

Li Xin said: "Today's sharp gap opened 1,340 yuan, in this context is normal to call back three or four hundred yuan, you wait and see, it will not be long before it rises." After speaking, Li Xin replaced the K-line chart with a time-sharing chart, so that Xia Xiaona could see the price fluctuations every minute and every second.

"Hmm. ”

Seeing such a large fluctuation in the price in the two trading days before and after, Xia Xiaona also became interested. She stared intently at the ever-changing tick curve on the computer screen, trying to see if the price would go up as Li Xin had estimated.

But as time went by, the curve not only did not turn upward, but went lower and lower, and when it was past 9 o'clock and 7 minutes, the price came to around 53,380 yuan.

"Why is it still not rising?" Xia Xiaona lost her patience a little.

"I can't eat hot tofu in a hurry, and it's only been a few minutes, and the whole day's trading time adds up to 4 hours. Li Xin said.

After looking at it for a few more minutes, Xia Xiaona stood up and said, "You watch first, I'll wash the dishes." I'm done cleaning up, let's go out and play. ”

"Okay. Li Xin lit a cigarette and sat quietly in front of the computer to watch the price change, he didn't believe that the price would not rise today.

Sure enough, Xia Xiaona had just walked for a few minutes, and the price dropped to around 53,360 yuan and began to turn around.

At 9:13, the price came to the first line of 53,600 yuan.

At this time, Xia Xiaona came to the study after cleaning up the dishes and chopsticks for breakfast and asked, "How is the price now?"

"It has risen to 53,600 yuan. ”

Xia Xiaona bent down and looked at the computer screen: "But compared with the opening price, isn't it down 200 yuan?"

"Oh, don't worry, just look at it for a while, if it will fall today, it will fall a long time ago. ”

"Are you sure?"

Li Xin smiled: "I don't dare to pack tickets, let's wait and see." ”

"If you keep sitting here and watching the market, do you still have time to take me out to play?" Xia Xiaona pouted.

When Li Xin heard this, he had to stand up and say, "Okay, okay, I'll go change my clothes, and I'll take you out to play in 5 minutes, okay?"

"Well, you go and change your clothes, I'm here to help you watch the price trend, and I'll tell you what the price is later. ”

Li Xin went back to the bedroom to change clothes, and when she was putting on her shoes after changing her clothes, she heard Xia Xiaona shouting loudly in the study: "Rise, rise, come and see!"

Li Xin hurriedly put on her shoes and ran to the study to ask, "What's the matter?" ”

Xia Xiaona pointed to the computer screen and said, "Come and see, the price has risen so much!"

"I'll see how much it has gone up?" Li Xin said, leaning over to the computer screen.

He fixed his eyes and saw that in just a few minutes, the price of futures copper had risen from 53,600 yuan to 54,100 yuan! The time-sharing image on the computer screen was like a mountain peak suddenly erected on flat ground.

"What am I talking about, the price will still go up, right?" Li Xin said.

Xia Xiaona pointed to the computer screen and said, "Wait, why has this price dropped again?"

Li Xin joked: "Things are always moving forward in twists and turns, and the curve chart of price increases is the same, it is normal to rise and fall, and the key is to look at the general trend." It's normal to have a pullback after a wave of gains, and I expect it to go even higher by the time it closes. ”

"What a hassle!"

"Let's go, don't look at it, aren't you going out to play? Staring like you like this can make you unable to find the north in a minute. ”

"It's true, it's going up and down for a while, which makes me a little dizzy. What do you think about it in normal times, and you will be confused by the market?"

"I mainly look at the general trend, if I don't want to open and close positions, I don't pay much attention to intraday fluctuations. ”

The reason why Li Xin dared to come to the conclusion that it would continue to rise without looking at the market outlook was because the domestic market followed the sharp rise of London copper today, and the opening price rose by 1,340 yuan from last Friday's closing price. Such a large gap has not been seen since August 22.

Li Xin's feeling now is that everything is under control.

At this time, although he did not have many positions in his hand, he once again accurately predicted the trend of the market, which still made him very proud.

He turned off his laptop and went shopping with Xia Xiaona.

At around 8 o'clock in the evening, Li Xin, who had been shopping around Shanghai with Xia Xiaona all day, returned home before turning on the computer again and taking a closer look at the trend of futures copper throughout the day.

Copper prices rose to 54,100 yuan in the morning after another wave of pullback, around 11:00 a.m. the lowest price to 53,740 yuan and then rose again, since then copper prices have been maintained at a high level of consolidation, to the afternoon when the copper price closed at the highest point of the day, the price is 54,320 yuan.

This price has risen by 1,860 yuan compared with last Friday's closing price.

Such a bald long white candle indicates that the price of futures copper will continue to rise.

Xia Xiaona saw Li Xin throw the bag in her hand on the sofa and run to the study after returning home, she also put down the things in her hand and followed: "Is the price going up again as you said?"

"Of course, you look at the closing at 54,320 yuan, up 1,860 yuan compared with last Friday. If I don't close the position, the profit will be reduced by 37 million yuan. ”

Xia Xiaona said with palpitations: "That is, you can bear it, if it were me, if there were such large profit fluctuations in two or three trading days, I would have been unable to stand it for a long time." ”

"So, it's not easy to make money!" Li Xin said with deep feelings.

"Hmm!"

After Xia Xiaona went out, Li Xin continued to check the price information in various markets. In the morning, he didn't have time to look at the trend of London copper prices, and now he realized that the price of London copper today is also high, and the increase is not small.

By 10:30 p.m., by the time Li Xin went to bed, the price of copper in London had risen 1.9% from Friday's close.

At 2:30 p.m., Li Xin, who was accustomed to getting up at this time to see the price of copper in London, got up from the bed in a daze, went to the laptop on the table and took a look at the price of copper in London, and the closing price was $7,315, an increase of 3.91%. This increase is also a rare increase since copper prices began to fall again on August 22.

The 3.83% increase at 2:00 a.m. on Saturday had already surprised Li Xin, and at 2:00 a.m. on September 23 today, there was a bigger 3.91% increase, and it seems that the copper price is about to reverse.

Although Li Xin was cautious, his action of getting up still woke Xia Xiaona.

Xia Xiaona asked sleepily, "What are you doing if you don't sleep in the middle of the night?"