T+N means N days from today.

"T+1" means the day after the registration date.

Here T refers to the working day or trading day, which refers to the date when the sales agency accepts investors' subscription, redemption or other business applications. For example, the stock market implements the T+1 trading system, and T refers to the trading day, that is, the stocks purchased on that day.

It cannot be sold until the next trading day.

"T" refers to the transaction registration date.

T+1 is essentially a settlement method for securities transactions, and is used for A-shares, funds, bonds, and repurchase transactions.

It means that after a transaction is completed, the corresponding securities delivery and capital settlement will be completed on the next business day (T+1 day) after the transaction date.

T+0: The so-called T of T+0 refers to the day when the stock was traded.

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 has been implemented in our country, but because it is 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 implement the "T+1" trading system.

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At the same time, "T+0" is still implemented for funds, that is, the funds withdrawn on the same day can be used immediately.

The characteristics of the "T+0" reversal trading system: 1. The speculative nature is enhanced and the speculative opportunities are increased, which is very suitable for the operation method of short-term speculators.

2. Since the main force can trade in and out 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 fees 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.

The "T" in "T+1" refers to the current trading day, and "T+1" refers to the second day of the current trading day.