T+0 means settlement on the trading day, and T+ 1 means settlement on the trading day.
2. The number of fund transactions is different.
T+0 can be traded repeatedly. T+ 1 The funds involved in the transaction cannot be traded again on the same day.
3. Use different markets
At present, China stock market implements T+ 1 clearing system, and futures market implements T+0.
On the day when securities (or futures) are traded, the trading system that handles the settlement and delivery procedures of securities (or futures) and prices is called T+0 trading. Generally speaking, the securities (or futures) bought that day can be sold that day.
China Stock Exchange once conducted T+0 trading. Due to the immaturity of the stock market, the market price fluctuates abnormally. In order to ensure the stability of the stock market, China Shanghai Stock Exchange and Shenzhen Stock Exchange adopt the trading mode of "T+ 1" to trade stocks and funds.
Extended data:
manipulative skill
There are two kinds of T+0. One is to buy first and then sell, that is, to make up the position first and then reduce the position, and the other is the opposite, that is, to reduce the position first and then increase the position.
There is an important condition to observe when doing T plus 0, that is, if your stock is unilaterally rising or unilaterally falling, don't operate. This is because if you do reverse T plus 0 when it rises unilaterally, the stock price will keep rising instead of falling. This not only reduces the cost, but also makes it easy to step on the air.
If you make a sequential T plus 0 when you fall unilaterally, you may make up the decline, so your new position will also be locked. Therefore, when doing T plus 0 to reduce the cost, it depends on whether the disk surface is dominated by shock, and then operate if it can be confirmed.
Take a 20-dollar stock as an example, the amplitude of a day will be three or five points, so the amplitude of this oscillation will generally exceed one dollar. If you go to the round-trip handling fee, say 40 cents, then you still have a difference of 60 cents to earn.
If you can't buy the highest and sell the lowest, then you can buy or sell the second highest according to my method yesterday, so you will also have a profit of 34 cents.
Generally, the stock handling fee of about ten yuan is three cents enough, and the stock amplitude of about ten yuan generally has seven or eight cents. The higher the stock price, the higher the value of doing it.
Baidu encyclopedia -T+0
Baidu encyclopedia -T+ 1