How Do I Calculate Taxes on Day Trading?

Also known as day-to-market, it means that after the end of daily trading, the exchange will settle all contract profit and loss, transaction margin and handling fees, taxes and other fees at the settlement price of the day. Or reduce the member's settlement reserve.

Daily settlement system

After the end of daily trading, according to the regulations of the system, it is necessary to determine the settlement price on the day. The settlement price on the day refers to the weighted average price of the transaction price of a futures contract on the day of the transaction volume. If there is no transaction price on the day, the settlement price on the day of the contract is determined according to the following methods:
(1) If there is a quotation entrusted by the buyer and seller on the contract day, the price between the highest bid quotation, the lowest sell quotation and the settlement price on the previous trading day of the contract shall be used as the settlement price on the contract day;
(2) If there is no continuous quotation on one side of the stoppage of the contract, the stoppage price is used as the settlement price of the contract on that day;
(3) If there is no entrusted quotation on the day of the contract, or if there is a quotation entrusted by a buying or selling party but there is no continuous quotation on one side of the up / down stoppage, the previous contract with the nearest contract to the non-contracted contract on that day is used as the benchmark contract Settlement price of non-contracted contracts on that day:
1. If the fluctuation rate (%) of the settlement price of the benchmark contract on the day is less than or equal to the daily limit of the day when there is no contract on the day, the settlement price of the contract without a transaction on that day = the settlement price of the previous trading day of the contract × (1 ± the settlement of the benchmark contract) Price change).
2. If the fluctuation rate (%) of the settlement price of the benchmark contract on the day is greater than the daily limit of the day when there is no contract on the day, the settlement price of the contract without a transaction on that day = the settlement price of the previous trading day of the contract × (1 ± the date of the contract) Limit range).
3. If the benchmark contract cannot be found, the settlement price of the contract without a transaction on that day = the settlement price of the contract on the previous trading day; if the benchmark contract cannot be found on the first day of the new contract's listing, the settlement price of the contract without a transaction on that day = the benchmark reference price .
The new listed contract has no transaction for three consecutive trading days, and the exchange can adjust the settlement price separately.