Hong Kong stocks are traded on the same day, that is, T+0 trading. The English name is Day trade: it refers to the trading method in which customers buy and sell a stock or stock option position in the same trading day without leaving an overnight position.
Short-term intraday trading captures trading opportunities that can be separated from the cost of entering the market immediately after entering the market. If you can't make a profit immediately after entering the market, get ready to leave. Because this trading method has a short time to enter the market, the risk of market fluctuation is low.
Characteristics of "T+0":
1, trading mode, two-way trading, buy up and buy down, buy now and sell now.
2, short-term speculation, stock operation 15 minutes after the liquidation.
3. Speculation is enhanced and speculative opportunities are increased, which is suitable for the operation mode of short-term speculators.
4. The increase of investors' transaction times and transaction costs will lead to the increase of transaction costs, thus increasing the speculative risk.
T+0 or T+2: buy and sell first, then deliver.
Some say that the Hong Kong stock market adopts the T+0 trading system, while others say that Hong Kong adopts the T+2 trading system. So is it T+0 or T+2? To understand this problem, we must understand what the so-called T+0 and T+2 mean.
Simply put, Hong Kong stocks can be traded at T+0, and stocks can be sold at T+0 after buying, but the real delivery of stocks and funds can not be completed until T+2.
The so-called T+2, that is to say, your next selling order today is closed, and it must be settled after two trading days. At that time, your stock will be transferred to the buyer's account, and the buyer's funds will really be transferred to your account, that is, T+0 funds are available but not desirable after selling the stock. Under this system, the number of shares held in the stock account of Hong Kong stock investors may be inconsistent with the number of shares in circulation, and the available funds may also be inconsistent with the circulating funds.
Trading rules for Hong Kong stocks: trading hours for Hong Kong stocks are Monday to Friday, and the morning market is10: 00-12: 30; At noon 14:30- 16:00, stock futures trading will open and close 15 minutes earlier and later respectively.
It should be noted that public holidays in Hong Kong are different from those in the Mainland except Saturday and Sunday, which also leads to different closing times in the two places. In addition, in bad weather, such as typhoon signal No.8 hoisted by the Observatory during typhoon season, the exchange will be temporarily closed.
The first trading order entered into the trading system every trading day is managed by a set of opening price rules. The deviation between the opening price and the closing price of the previous day (if any) shall not exceed 9 times. During the continuous trading, the first pending order is to buy.
Its price must be higher than or equal to the price of 24 prices below the closing price of the previous day; If the first order is a sell order, its price must be lower than or equal to the price of 24 prices above the closing price of the previous day.