T is the first letter of Trade in English, which means transaction. T+0 trading is a trading method launched by the Shenzhen Stock Exchange at the end of 1993. It means that after you buy (sell) stocks (or futures) and confirm the transaction on the same day, you can buy stocks on the same day and sell them on the same day, and you can sell stocks on the same day on the same day. A transaction of buying. Since January 1, 1995, in order to ensure the stability of the stock market and prevent excessive speculation, my country's stock market has implemented a \T+1\ trading system, that is, stocks purchased on that day must not be sold until the next trading day.

At the same time, \T+0\ is still implemented for funds, that is, the funds withdrawn on the same day can be used immediately.

T+1 applies to B-share stocks, and T+3 applies to funds.

Brokerages: Only by restoring "T+0" can we bring back the prosperity of the past. A few days ago, the relevant securities media released a research report on "T+0" reversal trading by two securities companies, Haitong and Shenyin Wanguo, and recommended "resuming T+0 reversal trading in a timely manner", causing widespread speculation among market participants. So, what is a "T+0" reversal transaction? What impact will the implementation of "T+0" reversal trading have on the market? Will the "T+0" reversal trading system be introduced soon?

For users who have not used T+0 techniques, it is recommended to use the T+0 simulated stock trading platform to experience and exercise and accumulate experience in T+0 simulated stock trading. It is very suitable for the operation methods of short-term speculators. .

The difference between t+0 and t+1 in the stock market

The T here represents the trading day, T+0 means instant settlement and delivery, and T+1 means next day delivery. Generally, for T+0 transactions, the next transaction can be operated after completing the previous transaction, while for T+1, you have to wait for the next day before trading.

T is the first letter of Trade (meaning transaction) in English.

T+0:

The so-called T of T+0 refers to the date of the stock transaction. Any trading system in which stock and price clearing and delivery procedures are completed on the day of stock transaction is called T+0 trading. In layman's terms, stocks bought on the same day can be sold on the same day. T+0 trading was once implemented in our country, but because it was too speculative, starting from January 1, 1995, in order to ensure the stability of the stock market and prevent excessive speculation, the stock market was changed to "T+1" Trading system, stocks bought on the same day cannot be sold until the next trading day. At the same time, "T+0" is still implemented for funds, that is, the funds withdrawn on the same day can be used immediately.

T+0 transaction fee is charged: Transaction fee = commission + transfer fee + stamp duty

Commission: 0.15% of the transaction amount is charged. If the amount is less than 5 yuan, it will be calculated as 5 yuan. When the transaction is completed, All are charged

Transfer fee: only charged for Shanghai Stock Exchange stocks, 1 yuan is charged when the transaction is completed

Stamp tax: charged in one direction (when selling), the tax rate is 0.1% of the transaction amount

Principle of transaction: buy order price ≥ sell order price ≤ latest transaction price

Characteristics of the "T+0" reversal trading system:

1 , The speculative nature is enhanced and the speculation opportunities increase, which is very suitable for the operation method of short-term speculators.

2. Since the main force can buy and sell at will, it will lead to the prevalence of cross-selling, and the main force will use false trading volume to induce retail investors to change the direction of their operations.

3. As the number of retail transactions increases, transaction costs will increase significantly, which is a big plus for securities companies.

4. The increase in the number of retail transactions and transaction fees will lead to an increase in transaction costs and thus an increase in speculative risks.

5. The retail boat is easy to turn around, and it is easy to follow up or escape in time.

6. After losing the role of "T+1" in helping rise and fall, the amplitude of stock indexes and individual stock prices will intensify.

7. If the "T+0" trading method is implemented, it will have a direct positive effect on small-cap stocks.

T+1:

Shanghai and Shenzhen Stock Exchanges stipulate that stocks bought on the same day can only be sold on the next day, and stocks sold on the same day will be returned after the transaction is confirmed. Funds can be used to buy stocks on the same day.

Techniques for doing T plus 0

There are two types of T plus 0. One is to buy first and sell later, that is to say, cover the position first and then reduce the position; the other is the reverse, that is, to reduce the position first and then increase the position. (It is difficult to grasp the selling point when doing reverse engineering). There is an important condition to abide by when doing T plus 0, that is, do not operate if your stock is unilaterally rising or unilaterally falling. This is because if you do a reverse T plus 0 when there is a unilateral rise, the stock price does not fall back but keeps rising. Not only will this not reduce costs, but it will also lead to shortfalls. If you add 0 to T plus 0 when there is a unilateral decline, the more you cover, the lower the price will fall, thereby locking in your newly covered position. Therefore, when doing T plus 0 to reduce costs, you need to check whether the market is mainly oscillating. If it can be confirmed, proceed with the operation.

Generally speaking, low-price stocks do not make much sense, because the amplitude of one day is only about three or four points. For a stock that costs five or six yuan, three or four points is only twenty or thirty cents. This is meaningless because the stock price is too low and cannot be reduced much, and there are a lot of handling fees. But there is much more room for mid-priced or high-priced stocks. Taking a stock priced at 20 yuan as an example, the amplitude of a day's fluctuation will be three to five points, so the amplitude of this oscillation will generally exceed one yuan.

If the round-trip handling fee is, say, 40 cents, then you still have a 60 cents difference to earn. If you can't buy the highest price or sell the lowest price, then you can buy the second highest price or sell the second highest price according to the method I used yesterday. Then you will still have a profit of 30 to 40 cents. So it's still profitable. What's more, the daily amplitude of stocks worth more than 20 yuan is generally more than 1.45 yuan. I have done this statistics before when I look at stocks every day. Generally, the round-trip handling fee for a stock of about ten yuan is enough, and the amplitude of a stock of about ten yuan generally has room for seventy or eighty cents. The higher the stock price, the higher the value.