Core Insights - The article discusses the journey of a trader who initially experienced success but faced significant losses due to a lack of understanding of risk management and emotional control in trading [1][2][3]. Group 1: Trading Experience - The trader won a domestic derivatives competition but lacked knowledge in risk control and technical analysis, attributing early success to luck [1]. - After borrowing 300,000 and investing in the Taiwan stock index, the trader lost 150,000 due to a gambling mentality, realizing the difficulty of executing the strategy of holding profitable trades and cutting losses [2]. - Subsequent attempts to apply technical analysis led to further losses, highlighting the limitations and lagging nature of many technical indicators [3][6]. Group 2: Learning and Adaptation - The trader began to study various trading strategies and technical analysis methods, seeking to improve performance after experiencing significant losses [2][5]. - A pivotal moment occurred when the trader recognized the importance of directly observing price movements rather than solely relying on technical indicators [4]. - The introduction of algorithmic trading was attempted, but it resulted in even greater losses, emphasizing the challenges of automated trading systems [6]. Group 3: Key Trading Principles - The trader eventually identified that support, resistance, and trend lines are fundamental to successful trading, allowing for a more stable trading approach [7]. - Using support lines to gauge price trends proved to be a reliable method, particularly during trend reversals [8]. - The article emphasizes that trading in the direction of established trends can enhance profit potential and speed up the realization of gains [9][10].

Group 1 - The article promotes a free futures trading practical course, emphasizing the importance of understanding support and resistance levels and identifying effective breakouts [1] - The course offers a system for building trading strategies and includes one-on-one guidance from instructors, limited to the first 50 participants [1] - The initiative aims to attract new traders by providing valuable educational resources at no cost [1]

Group 1 - The Shanghai International Energy Exchange announced the trading schedule for the Dragon Boat Festival in 2025, indicating no night trading on May 30, 2025, and a market closure from May 31 to June 2, 2025, with trading resuming on June 3, 2025 [1] - The margin requirements and price fluctuation limits for the shipping index (European line) futures contracts will be adjusted to a fluctuation limit of 18% and a margin ratio of 20% starting from the settlement on May 29, 2025 [1] - On June 3, 2025, after trading, the fluctuation limit and margin ratio for the shipping index (European line) futures contracts will remain at 18% and 20%, respectively, unless conditions specified in the risk control management rules necessitate further adjustments [1][2]

来 源 | 紫 金 天 风 期 货 研 究 所 编 辑 | 杨 兰 审 核 | 浦 电 路 交 易 员 碳 酸 锂 工 业 硅 官方网站：http://bestanalyst.cn 镍 | | | 交易理想国星球社群特供:期货&全球宏观交易全流程辅助工具&报告 | | | | | --- | --- | --- | --- | --- | --- | | | 工具表格或报告 | 目的 | 使用难度 | 使用说明 | 是否需连接外部数据源 | | 研究阶段 | 《中国期货市场品种波动屋性》 | 协助用户观察期货各品种不同频度下的波动 数据 易机会 | 较易 | 待上新 | 奖 | | | 《中国宏观价值相对套利》 | 协助用户观察宏观视角下各套利对品种的交 | 进阶 | 待上新 | 实时行情数据 | | | 《中国期货市场跨品种套利工具表》 | 协助用户观察期货跨品种套利的交易机会 | 进阶 | 待上新 | 实时行情数据 | | | 《中国期货市场跨期价差套利工具表》 | 协助用户观察期货单品种跨价差的交易机会 | 进阶 | 待上新 | 实时行情数据 | | | 《中国期货市场场内期权》 | 协助用户观察期货期 ...

上期所：铸造铝合金期货交易保证金为合约价值的9%（套保交易保证金为合约价值的8%）；涨跌停板 幅度为±7%，首日涨跌停板幅度为其2倍。 ...

来源 | 紫金天风期货研究所 编辑 | 杨兰 审核 | 浦电路交易员 棉花 白糖 菜籽 大豆 玉米 生猪 | | | 交易理想国星球杜群特供:期货&全球宏观交易全流程辅助工具&报告 | | | | | --- | --- | --- | --- | --- | --- | | | 工具表格或报告 | 目的 | 使用难度 | 使用说明 | 是否需连接外部数据源 | | 研究阶段 | 《中国期货市场品种波动属性》 | 协助用户观察期货各品种不同频度下的波动 数据 | 较易 | 待上新 | KI | | | 《中国宏观价值相对套利》 | 协助用户观察宏观视角下各套利对品种的交 易机会 | 进阶 | 待上新 | 实时行情数据 | | | 《中国期货市场跨品种套利工具表》 | 协助用户观察期货跨品种套利的交易机会 | 进阶 | 待上新 | 实时行情数据 | | | 《中国期货市场跨期价差套利工具表》 | 协助用户观察期货单品种跨价差的交易机会 | 进阶 | 待上新 | 实时行情数据 | | | 《中国期货市场场内期权》 | 协助用户观察期货期权品种的的交易机会 | 进阶 | 待上新 | 实时行情数据 | | | 交易理 ...

Group 1 - The U.S. Commodity Futures Trading Commission (CFTC) will provide perpetual futures trading for cryptocurrency [1] - CFTC has already received relevant applications for this trading [1]

Report Summary 1) Report Industry Investment Rating No investment rating for the industry is provided in the report. 2) Core View of the Report The report indicates that the international methanol device operating rate is oscillating at a high level, with some devices in Iran experiencing short - term shutdowns this week. The daily output has dropped from 38,000 tons to around 31,000 tons but remains high. The import volume in June is expected to increase significantly to over 1.3 million tons. Downstream demand is stable, and as the arrival volume increases, port inventories are starting to accumulate. Meanwhile, due to the continued decline in domestic coal prices, coal - to - methanol profits have expanded to a historical high, and the scale of spring maintenance is expected to be less than anticipated, resulting in a continuous and ample domestic supply. Currently, the procurement of CTO in the inland region has ended, and the inventory of inland enterprises has started to rise, alleviating the tight supply situation. Additionally, downstream resistance to high prices has led to a continuous decline in inland auction prices. However, trade frictions have eased, limiting the downward space for commodities. With the intensifying geopolitical conflicts in the Middle East and a sharp rebound in crude oil prices last night, it is expected to drive the energy - chemical sector to be temporarily stronger. Methanol is still recommended to be shorted on rebounds rather than chased on the downside [6]. 3) Summary by Relevant Catalogs Market Review - **Futures Market**: The futures market oscillated downward, closing at 2241 (-25/-1.1%) [4]. - **Spot Market**: In production areas, prices range from 1980 - 2160 yuan/ton; in consumption areas, prices range from 2200 - 2270 yuan/ton; in the southwest region, prices are 2230 - 2240 yuan/ton; and at ports, prices range from 2300 - 2350 yuan/ton [4]. Important Information - This week (20250516 - 0522), China's methanol production was 1,961,475 tons, a decrease of 29,580 tons from last week. The device capacity utilization rate was 87.04%, a 1.62% decrease from the previous week [5]. Logic Analysis - **Supply Side**: The coal - mine operating rate in the main coal - producing areas in the northwest has rebounded, but demand is weak, and raw coal prices are oscillating. The auction prices of mainstream methanol enterprises in the northwest have continued to decline. The profit of coal - to - methanol is around 600 yuan/ton, and the methanol operating rate remains stable at a high level, with a continuous and ample domestic supply [6]. - **Import Side**: The operating rate of international methanol devices has declined from a high level, the US - dollar price has slightly decreased, the import premium has narrowed, some devices in Iran have had short - term shutdowns, the non - Iranian operating rate is stable, prices in Europe and the US are diverging, the internal - external price difference has been repaired, and the Southeast Asian re - export window has closed. Iran has loaded 740,000 tons in May, and Iranian tenders have been gradually concluded. Some non - Iranian cargoes have been redirected to China, with an expected import volume of 1.35 - 1.4 million tons in June [6]. - **Demand Side**: Traditional downstream industries have entered the off - season, and the operating rate has declined. The operating rate of MTO devices has been hovering at a low level, with some MTO devices operating at less - than - full capacity or shutting down [6]. - **Inventory**: With the gradual recovery of imports, stable demand, and import premiums, port inventories have bottomed out, and the basis has been consolidating. Inland enterprise inventories have started to rise [6]. Trading Strategy - **Unilateral**: Short on rebounds [7]. - **Arbitrage**: Wait and see [9]. - **Options**: Sell call options [9].

大宗商品研究所 农产品研发报告 农产品日报 2024 年 05 月 22 日 研究员：刘倩楠 期货从业证号： F3013727 投资咨询证号： Z0014425 :liuqiannan_qh@chinas tock.com.cn 棉花、棉纱日报 第一部分 市场信息 | 期货盘面 | 收盘 | 涨跌幅 | 成交量(手) | 增减幅 | 空盘量 | 增减量 | | --- | --- | --- | --- | --- | --- | --- | | CF01合约 | 13485 | -5 | 17,552 | -8315 | 115,702 | 2298 | | CF05合约 | 13505 | 10 | 203 | -238 | 542 | 135 | | CF09合约 | 13430 | -10 | 124,539 | -124038 | 578,626 | 4227 | | CY01合约 | 0 | 0 | 0 | 0 | 19 | 0 | | CY05合约 | 0 | 0 | 0 | 0 | 0 | 0 | | CY09合约 | 19695 | -15 | 154 | -66 | 1187 | -16 ...

大宗商品研究所 农产品研发报告 Z0014425 联系方式： :liuqiannan_qh@chinas tock.com.cn 苹果日报 第一部分 市场信息 | 现货价格 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 指标 | 今日价格 | 下一工作日份 | 涨跌 | 指标 | 今日价格 | 下一工作日份 | 涨跌 | | 格 | | | | | | 格 | | | 富士苹果价格指数 | 108.50 | 108.26 | 0.24 | 洛川半商品纸袋70 | 4.80 | 4.80 | 0.00 | | 栖霞 一、二级纸袋 80 | 4.10 | 4.10 | 0.00 | 沂源纸袋70 | 2.40 | 2.40 | 0.00 | | 蓬莱一、二级纸袋 80 | 4.20 | 4.20 | 0.00 | 6种水果平均批发价 | 7.67 | 7.72 | -0.05 | | 期货价格 | | | | | | | | | 指标 | रेनसि | 昨收 | 涨跌 | 指标 | रे मि | 昨收 | 涨跌 | | ...