There should be advantages and disadvantages.
First of all, the positive side:
There are stock index futures, and the secondary market implements the trading system of T+0, which is unfair to many small and medium investors.
Letting go of T+0 really helps investors to correct their mistakes in time, cash in profits and avoid the extreme plunge caused by unexpected events. For example, in the stock market crash of 20 15, under the T+0 system, there is an opportunity to stop losses in advance.
Second, the negative side:
Any good system reform will be destroyed by the China market. This is really "unique".
For example:
1, full circulation system
When the company first went public, we designed two parts: legal person shares and tradable shares. The legal person shares of major shareholders cannot circulate in the secondary market.
However, after the implementation of the reform of the full circulation system, the major shareholders of enterprises with the same shares and the same rights have made full use of the rules to reduce their holdings and cash out, which has become a chronic disease that has been repeatedly criticized. Enterprise IPO listing, additional issuance and rights issue. Almost synonymous with cash.
2. Fuse mechanism
The fuse mechanism was originally introduced to avoid large fluctuations in the market. But it became an opportunity for institutions to short and had to die hastily.
3. Growth Enterprise Market 20CM
The implementation of the 20% price increase and decrease system is to improve market activity and test the water for the registration system. But money is crazy about low-priced stocks and junk stocks. So that the motherboard is marginalized. With the strong intervention of management, the activity of GEM is obviously reduced.
Three. Conclusion:
When considering the introduction of T+0 system, we should fully evaluate the risks, put "preventing and resolving financial risks in the first place" and plug the loopholes in manipulating the market with large funds. It can only be launched if it can increase market activity and will not become a harvesting tool again.
Has adapted to T+ 1 transaction. If you open T+0, you really need to study hard and adapt as soon as possible.
T+0 trading is good or bad for San Xiao. This is really hard to say. It's not a question of "correcting mistakes in time"!
The stock market is changing, and the main force is strange. It is difficult to understand the operation of the main force on the stock price.
There are many new problems to be solved in the T+0 Fair. In previous transactions, many stocks have gone out of the trend of "Paradise House" or "Paradise House". We also find that many stocks go out of the "V" reversal trend every day.
Here comes the question. Most of us have a "stop loss" in stock trading. Some people took risks and set a small 3%. Some people have the ability to take risks of 5%.
In real trading, if this stock really hits the daily limit. We stopped the loss! And the next day, it fell or opened sharply lower. We reduced the loss. So the advantage of T+0 comes out.
In the firm trading, if the stock price falls below 3%, we will stop the loss. After a period of time, the main force pulled up and there was a "V" reversal (every day). Isn't this a slap in the face? Do we have to follow up?
So there are good and bad T+0 transactions. Only when it is implemented can we draw a conclusion by ourselves! Anything that cries good and bad is not reliable! It is actually a double-edged sword.
If implemented, it will be beneficial to retail investors as a whole, but this is only an external cause and has an inhibitory effect on the main force of malicious speculation. It is a good thing that retail investors have more opportunities to correct their mistakes.
If 10% is implemented, retail investors may lose all their money. I always thought that a boat could take it in and out, but it was difficult to turn around when the boat was big. Wrong. Is it fast for retail investors or fast for program transactions? Institutional makers have goals to do or not, and they have the ability and capital. Retail investors are speculating and following the trend of institutions. How do they surpass the dealer in FIFO? As long as rich institutions can spend one minute in Man Cang. Pull it up and leave at any time. I always think it is wrong for retail investors to carry sedan chairs. Institutions are sedan chair people. They throw you and your sedan chair on the mountain anytime, anywhere, and don't even need to spend sedan chair money. It is difficult for retail investors to stand on the top of the hill and look at the sky. The earth is so green. Only the seller laughed to death.
If the T 10 stock trading method is implemented, it will be very unfavorable to our retail investors.
1before 997, the stock market implemented the trading mode of T 10. At that time, stock friends ran in and out many times a day. It seems that every transaction is more profitable and has less losses. But after a year, there was not much profit in the account, and most of them were still losing money, so many stock friends withdrew from the stock market forever. Calm down and think about it, the more transactions, the greater the probability of loss. Investing in stocks is not buying and selling stocks back and forth, making money by making a difference. Every investment needs sowing, watering, fertilizing and field management just like farming. Until the harvest is a long process, it is a long-term holding and waiting. It is impossible to go up as soon as you buy it, sell it as soon as you sell it, or cut the meat as soon as you buy it. This method of valuing trading over investment is wrong.
The growth of China's stock market needs the permanent participation of hundreds of millions of investors, rather than letting them be chopped off. Therefore, the people who eat melons suggest that the management should not implement this T 10 stock trading method.
It must be terrible.
The earliest China stock market was T 0, but it made the stock market fluctuate violently every day, making the black village rampant and the small scattered more tragic.
Of course, with the improvement of laws and regulations, China's stock market is also progressing, institutional investment is gradually dominant, stock market transactions are further improved, and T 0 may be liberalized.
If mistress is a harvested leek, whatever it is. This rule still applies.
I'll say it again. What about overseas markets? This is just what I saw today. What about their initial stage?
Domestic leek, overseas, isn't it, not necessarily,
I believe that the development of China is getting better and better, and so will the China stock market.
I think the harm is even greater. Why?
T+0 in the stock market is not very effective for retail investors. Whether retail investors can make profits in the stock market depends on whether their skills and minds have been tempered.
With your technology in place and position management in place, you can still achieve T+0 under the system of T+ 1.
Moreover, the implementation of the T+0 system is not only useful for retail investors, but also useful for bookmakers and hot money, and they will be more sophisticated.
Even T+0, if you dare not sell chips, you still can't sell them. If your mind is not exercised.
Secondly, day trading may not make money.
The 82 rule of the stock market should not change under the T+0 system.
In the final analysis, the key lies in subjective conditions.
Thanks for reading, please pay attention.
I think it's bad, because people who speculate in stocks. Retail investors, in particular, will operate frequently when the stock rises and falls, which will miss the market, buy and sell, and increase the transaction fee. Because the trend is fluctuating.
There are advantages and disadvantages. The stock market implements t+ 1 and daily limit system to protect investors. China investors generally have professional stock trading skills. The implementation of the t+0 system makes no difference to most people who can't make stable profits, but accelerates the number of operations and speeds up the loss in disguise, which is beneficial to short-term operators with fixed profit model.