原文：
Scale back IS the answer. Our rates may be higher, but when you lose 1/3 of your profits as soon as they are large then saving a few basis points is irrelevant.
In the example from 15 November 2014 on 996.com, the scale back for the weekly futures contract was 25%. If we use an example of a $1,000 investment at 10x leverage made on the 8th of November which was closed out on the 12th of November, here is the comparison between 996 and us after all fees:
Coinarch 996
Investment $1,000.00 $1,000.00
Leverage 10 10
Brokerage (%) 0.30% 0.03%
Fee ($) $30.00 $3.00
Gross $ Profit $2,418.68 $2,418.68
Interest Fees $144.00 $3.00
Pre Scale Back Profits $2,244.68 $2,415.68
Scale Back (%) 0% 25%
Post Scale Back Profit $2,244.68 $1,683.51
So to save yourself a little in brokerage you have ended up costing yourself a much larger amount in foregone profit. The worst part is the time the % scale back is largest is precisely when profits are largest meaning you get doubly hit. O***** and 996 have introduced some funds to cover scale backs because people were being hurt so badly, but these are not guaranteed to be there when it matters.
This is not something traders can afford to ignore.
Eric Mu，Head of Business Development - Greater China
邮件：[email protected]