9th, Monday afternoon.

"Do you take millions to speculate in stock index futures and options?" Ye Yaohua originally thought that he could relax during this time, but when he heard Wang Nuo's plan, he felt bad.

Damn, that's stock index futures, that's options, if you throw millions into it, you may lose it all in one day, why bother!

Besides, where did Wang Nuo's millions come from? Ye Yaohua doesn't have to think about it to know, it's definitely not his own, this is very powerful.

With millions that are not your own, you come to speculate in stock index futures and options, Mr. Wang, you want to go to heaven.

"I need your help with trading. Wang Nuo nodded, for the time being, he just had the idea of entering the market, which depended on the market trend.

"No matter how you look at it, it's too risky. Ye Yaohua was powerless to complain, "And if you speculate in stock index futures, you must go through the channels of the World Financial Exchange, the stock index futures in the domestic market are castrated, and you ...... Have you thought about it?"

The world's securities market, as long as it is connected to the international market, can basically be said to be connected to the World Financial Exchange platform, and stock index futures are even more interesting.

At that time, Japan did not open stock index futures, and the World Financial Exchange thought it was unfair and directly made it its own.

A few years ago, China castrated stock index futures, but the World Financial Exchange thought it would not work, so it got it by itself.

For example, in many countries and regions, as long as the conditions are ripe, the World Financial Exchange will say, "Brother doesn't care what you think, Brother wants to make the market fair anyway", and then opened various products.

However, what the state institutions can't get is what the World Financial Exchange dares to do, and it can succeed, because almost 99% of the capital flow of international financial institutions goes through the World Financial Exchange, so if you dare to enter this platform, you must ensure that you are clean, or ...... There is something you have to bear.

Ye Yaohua's inquiry also came to this point, did Wang Nuo rush to speculate in stock index futures, did he participate in some illegal transactions? If so, did he have the confidence to avoid the supervision of the World Financial Exchange?

Wang Nuo didn't know why at first, but after reading Ye Yaohua's inquiry, he was directly speechless.

How can a financial researcher who has been in the industry for a few months be involved in insider trading of stock index futures?

"Does Brother Hua think it's possible for me to participate in that kind of transaction?" Wang Nuo shook his head: "This is stock index futures." ”

"Well, I'm just a reminder. Ye Yaohua was also speechless, feeling that he was a little whimsical, and then there was a palpitation, excluding the "steady profit" trading method, Wang Nuo dared to enter the market with a few millions, which is a bit powerful.

Ye Yaohua couldn't help but purse his lips, and his mood began to get nervous.

"Suggestions?" Wang Nuo was even more helpless, he told Ye Yaohua his point of view, he wanted to take trading suggestions, not to show off or anything.

"The position ratio of stock index futures is very easy to calculate, generally speaking, it is a stacked position, a regional position, according to your conclusion, it will be more appropriate to take two or three percent first. Ye Yaohua gave advice very easily.

There are three kinds of stock index futures supporting the Chinese stock market, CSI 300, SSE 50 and CSI 500, the first two fluctuate by a point of 300 yuan, the latter a point of 200 yuan, the minimum fluctuation range of 0.2 points, margin can be done in some articles.

If you are doing domestic, there will naturally be many restrictions, and futures companies will only dare to give you more than 10% of the margin ratio according to the regulations.

If you have a good reputation, the company dares to give a minimum margin ratio of 5%.

However, according to Wang Nuo's reputation, the futures company gives a minimum margin ratio of 10%, and the minimum margin needs to be maintained when the market opens the next day.

Wang Nuo is 5.3 million yuan, just find a product to invest in, and there is no doubt that they are retail investors.

Thanks to China's policy of allowing the SFC to open its platform on the mainland, his money does not need to flow out of the Chinese board.

Now the CSI 300 is 3689.4, and each contract is 1106820 yuan, which means that 5.3 million can buy 47 contracts at most, and you can't even buy 48 contracts.

47 contracts multiplied by two or three...... Ye Yaohua is just buying a 10-plus one.

Do you need to trade 10 stock index futures contracts? You don't need to press the keyboard at any time, buy and sell at any time.

"I am strongly optimistic that the reverse repo will come out. Wang Nuo rubbed his forehead and asked a little embarrassedly: "The most radical way." ”

"If the position is full, if there is a loss, I will borrow money to make up the margin on the same day, and wait for the reverse repurchase to come out. Ye Yaohua was a little perfunctory.

No matter what kind of futures, the trading method is impossible to enter with a full position, it is simply looking for death, a little fluctuation, the broker will call and ask you to add margin, otherwise they will force you to close part of your position at any time.

What's even darker is that you go in with a full position, you lose, the broker calls, and suddenly the financial target rises back, hey, you are forced to close the corresponding position.

Needless to say, the financial world is so dark that buying a futures contract with a full position is almost equivalent to giving money to a broker.

Therefore, Ye Yaohua's trading advice is very ordinary, and it will be more secure to choose a price range and open a position in this area.

Buy a few at 3690, buy a few at 3700, buy a few at 3710, and if this continues, no matter whether the book is a loss or a profit, investors can attack and retreat.

However......

"I'll choose another way to open a position. Wang Nuo went through the data, and without thinking about it, he bought the CSI 300 stock index futures on the World Financial Exchange platform, 47 contracts, just 3690.

47 contracts, with a face value of 52,029,000 yuan, the minimum margin is 5,202,900 yuan, and Wang Nuo only has 5.3 million yuan in his account, and he can almost only bear a few points of loss.

Ye Yaohua didn't react, and when Wang Nuo handed over the account to him and made a request, he almost exploded on the spot.

"Are you full at a specific point?!" Ye Yaohua felt that he came to be a trader, and he was tortured by Wang Nuo.

Because there is a 10% limit on the rise and fall of China's stock market, most futures companies only require customers to let the additional margin arrive before the market opens the next day.

Wang Nuo bought 47 contracts, and if the margin is insufficient, he can make up the money tomorrow, but there is another way, and that is to reduce the position.

Subtracting one contract is equivalent to releasing 100,000 yuan, then your margin is enough, and you don't need to make a margin call.

Therefore, if the book loss is insufficient margin, then reduce a contract, and then reduce the loss, which generally appears in the case of extreme optimism about the market outlook.

From a technical point of view, you subtract one contract, and if the remaining position is profitable enough, you can buy it again.

But that's what only a madman does.