T+0， It is a securities (or futures) trading system. The trading system that completes the securities (or futures) and price settlement and delivery procedures on the day of securities (or futures) trading is called T+0 trading. Simply put, securities (or futures) bought on the same day can be sold on the same day. T+0 trading has been implemented in the Chinese securities market before due to its speculative nature. In order to ensure the stability of the securities market, the Shanghai Stock Exchange and Shenzhen Stock Exchange in China now implement the "T+1" trading method for stock and fund trading. That is, what is bought on the same day can only be sold on the next trading day. At the same time, the "T+0" policy will still be implemented for funds, which means that the funds withdrawn on the same day can be used immediately. The Shanghai Futures Exchange adopts the "T+0" trading method for steel futures trading. At present, China's stock market implements a T+1 clearing system, while the futures market implements a T+0 system.
Purpose of the "T+0" operation
1. Increase profits. Being optimistic about the medium-term trend of a single ticket can increase profits by continuously doing "T+0" while holding shares.
2. Accelerate the resolution. Some people who are deeply trapped but do not want to cut their flesh can often do "T+0" to reduce costs without losing tickets and accelerate the process of getting rid of the trap.
3. Dealing with blind spots in the stock market. Sometimes the stock market is in a fluctuating position, and some people don't want to completely go short or be trapped, so they leave some small positions to cope. At this time, they can combine "T+0" to be more proactive.
The operation type of "T+0"
The "T+0" operation technique can be divided into two types based on the direction of operation: forward "T+0" operation and reverse "T+0" operation; According to whether the "T+0" operation is implemented during the period of profit or being trapped, it can be divided into the "T+0" operation of unwinding type and the "T+0" operation of adding profit type.
1、 The specific operation method for the forward "T+0" operation
1. When an investor holds a certain number of nested stocks and one day the stock is severely oversold or opens low, they can take this opportunity to buy the same number of stocks. After the stock rises to a certain height, they can sell all the stocks of the same variety that were originally nested, thus achieving low buying and high selling within one trading day to obtain profit from the price difference.
2. When investors hold a certain number of nested stocks, even if there is no serious oversold or low opening, they can take this opportunity to buy the same number of stocks when the stock shows a clear upward trend during trading. After the stock rises to a certain height, they can sell all the stocks of the same variety that were originally nested, thus achieving a buy flat and sell high profit on the price difference within one trading day.
3. When investors hold stocks that have not been trapped but have already made profits, if they believe that there is still room for the stock, they can use the "T+0" operation. This way, on the day of a significant increase, you can obtain double profits by purchasing double chips and strive to maximize profits.
2、 The specific operation method of reverse "T+0" operation
The reverse "T+0" operation technique is very similar to the forward "T+0" operation technique, both of which use the existing chips in hand to achieve intraday trading. The only difference between the two is that the forward "T+0" operation is to buy first and then sell, while the reverse "T+0" operation is to sell first and then buy. The forward "T+0" operation requires investors to hold a portion of cash in their hands. If the investor is fully booked and trapped, the transaction cannot be executed; The reverse "T+0" operation does not require investors to hold cash, and trading can be carried out even if investors are fully covered. The specific operation method is as follows:
1. When an investor holds a certain number of hedging stocks, one day the stock price is stimulated by sudden positive news and opens sharply or rises rapidly. They can take this opportunity to sell the hedging chips in their hands first. After the stock price ends its rapid rise and falls back, they can buy all the stocks of the same variety that were originally sold, thereby achieving high selling and low buying within one trading day to obtain profit from the price difference.
2. When investors hold a certain number of hedging stocks, if the stock does not show a trend of opening higher due to favorable conditions, but shows a significant downward trend during trading, they can take this opportunity to sell the hedging chips in their hands first, and then buy an equal number of the same stock at a lower price, thereby achieving flat selling and low buying within one trading day to obtain profit from the price difference. This method is only suitable for individual stocks that still have a short-term downward trend during trading. For stocks with significant downward potential and a clear long-term downward trend, stop loss operations are still the main approach.
3. When investors hold stocks that are not trapped but have already made profits, if the stock price rises too quickly in the market, it can also lead to a normal downward trend. Investors can take advantage of the rush to sell profitable chips and wait for the stock price to recover before buying back. Strive for maximum profit through intraday "T+0" operation
Several notes related to T+0
When the rise reaches a high point and a pullback is about to occur, it is important to avoid a significant decline in the following period. Such a decline is generally irreversible and has a great impact.
When analyzing, pay attention to the combination of time and trends. Trends, which are changes in direction, require time to confirm. Only by paying attention to the relationship between time changes can we grasp the accurate point of change in the trend. The number of operations in each trend. In an upward trend, the number of operations can be frequent because the high point is formed to rise, and the winning rate is slightly higher. In a downward trend, doing well can follow the decline of the stock price, and the cost of oneself is constantly decreasing, which can be called changing positions.
The operation of changing positions should avoid a misconception. Changing positions during an uptrend can yield some profit, while changing positions during a downtrend can make it difficult to maintain a low cost spread, especially for declines exceeding 10%. The solution is to identify major trends and reduce the number of operations. Methods to reduce the number of operations: When both the general trend and individual stocks rise in tandem, there may be a bullish candlestick. If individual stocks do not exhibit excessive upward behavior, the price difference will be difficult to generate, so reduce operations; When the bearish candlestick appears, there will be a low point the next day. If you don't have any positions, reduce your operations. If you have positions, you need to look for opportunities to reduce them.
The number of operations is related to the number and magnitude of daily fluctuations, as well as one's operable position. It is ideal to have enough funds to complete two buy and sell transactions for a stock.
Difficulties in operating T+0
As a retail investor, T+0 operation is completely a passive way of T+0 operation, because the volatility of individual stocks is beyond one's control. However, T+0 operation itself is a proactive approach, and the relationship between the overall situation and the local needs to be noted.
During T+0 operation, it is common to encounter situations where the prediction is correct but the operation is incorrect
Reason: Inaccurate grasp of the trend, lack of unified understanding of the overall market trend, sector trend, and individual stock nature. Prediction is just a hypothesis, and it is necessary to analyze various possible situations and existing conditions clearly.
Firstly, by making small attempts, repeatedly intervening and exiting, we can grasp the main upward trend of the target stock. It should be noted that continuously increasing T+0 will invisibly increase a lot of transaction costs, and most people may lose money in transaction fees. However, there is a fundamental difference between operating in an upward trend and a downward trend. In a downward trend, it is necessary to be prepared to leave at the first opportunity because you cannot guarantee when the rebound will end.
The role of T+0 in stock selection
T+0 does not perform long-term operations on a particular stock, but rather operates during an upward phase, and after this upward phase is completed, a T+0 operation phase is also completed. The risk level of T+0 operation depends entirely on the quality of stock selection. The profit results will basically depend on the operating system used for stock selection.
The constant coordination and balance between reality and prediction. Prediction is a controversial method in practical operation, but it is difficult to avoid such a method in T+0. There are many times when the operation itself is slapped, and being slapped is not necessarily a bad thing. The operation needs to ensure the safety of the principal. Prediction can be understood as a form of stop loss protection, and a large part of T+0 operation is also based on this foundation. Once a good profit opportunity arises, it immediately changes from prediction to following. Today, with the increasing difficulty of operation, apply more oil to the soles of your feet to protect yourself.
In terms of analysis details, the first step is to look at the trading volume of a stock, and judge whether the stock has become active based on the trading volume. Regardless of whether it is rising or falling, there must be a relatively large space for participation; Continuing to look at the form, it is about to form a bullish alignment and just after the sharp decline stage, there must be short-term trading opportunities;
Attention must be paid to:
1. The stock is active and has a large fluctuation range;
2. Strict stop loss measures must be established, and one should not refrain from selling due to a decline, otherwise the stock will continue to accumulate and the cost will increase;
3. Be sure to focus on stocks that you are familiar with;
4. The trend of the overall market is related to the development direction of individual stocks;
5. The most taboo thing about T+0 is chasing the rise and killing the fall, which is different from buying warrants because the part you bought cannot be sold today.
T+0 Technique
The latest theory of stock trading is that there is endless money to be made regardless of the rise or fall of the market. What I am talking about here is a new theory of short-term trading that I have invented myself. I call it the "store opening theory", which is very practical. The principle is as follows:
1. Choose a stock with good performance and not particularly large circulation. If you have 4000 shares of money in your hand, you can only buy 2000 shares.
2. Treat the 2000 shares you have already bought as your "store", unless you sell the "store" when the market is about to plummet, otherwise you will always hold these 2000 shares in your hands. Without a 'store', you definitely can't make money. Then, based on the daily opening volatility, make T+0 and buy 1000 or 2000 shares of the same stock (depending on the opening) with the money in hand at the low level of the day. At the high level, sell the corresponding number of shares based on your buying amount for the day. If you buy 1000 shares at the low end of the day and sell 1000 shares at the high end, you will always have 2000 shares in hand. Your "store" is still there, and you can keep making money. Remember: never sell a store when the market does not experience a sudden drop. The daily small decline of the market, as long as it is not a decline of more than 4%, even if it continues to decline, you have to do well in T+0, and you are still profitable every day. Of course, you cannot measure how much the 2000 share capital has lost, because it is a store, and it doesn't matter how much it is worth, as long as it can bring you profits every day.
3. How to do a good job of low suction and high throwing every day: according to 5 antennas. Firstly, after the market opens, open the stock you hold in your hand and press the down arrow key on your computer keyboard four times in a row. This will connect the daily opening curve with the previous four days' curve, and you can see the highest and lowest points of the five days at a glance. Buy near the lowest point of the previous five days and sell near the highest point, and that's it.
4. The several time points for buying and selling every day: 9:37-43 in the morning, around 11:00 in the morning, and 2:40-50 in the afternoon, are usually the lowest points when there is no explosive rise or fall. Sell: When the market surges from 9:30-33 in the morning, from 9:50-10:00 in the morning, from 1:20-30 in the afternoon when the market maker rises, from 2:00 in the afternoon when the market maker goes crazy, and during the last 3 minutes of the closing, it is usually the highest point when there is no explosive rise or fall.
5. If the fluctuation of the stocks in hand is significant within a day, you can sell them all at the high level, but you must buy back 2000 shares at the low level of the day. Otherwise, the "store" will be gone and you won't be able to do business and make money tomorrow.
6. After the stock in hand rises sharply (according to the initial rise, middle rise, final rise, and the sharp rise of the final rise segment), sell all the stocks in hand and exchange for a good quality stock that has not experienced a sudden rise, and operate in the same way.
7. When the market experiences a sharp decline, if you are afraid, polish everything and take a break for a while. If you are bold, it's okay. You can still operate in this way when the market falls slightly every day, except for the total price of 2000 shares that falls as a cost (you don't have to worry about it). You can still make profits every day. One thing to remember about this practice is that no matter where this stock falls, you must hold it until the end. Otherwise, the total daily earnings may not be enough to offset the decrease caused by the total cost of 2000 shares. Moreover, as long as you hold this stock in your hands, it will definitely rise every year in the long run (regardless of its speed), so you can ensure long-term and daily profits.
8. Avoid greed! If you operate stocks in this way to make a profit by opening a store, earning a few hundred yuan per day is enough. Therefore, it is particularly easy to operate after the stamp duty has been reduced. Even if you have a profit of 20 cents per share after transaction costs, you still need to earn it, just like opening a store and selling a penny's worth of needles. Of course, the normal daily fluctuation range of a typical stock is 3-4%, and you will definitely earn more than 20 cents, unless the market is particularly bad.
9. Finally, in the last few days of the non rising period, the entire position will no longer operate in the T+0 band every day, as these days often have a few limit up periods. If sold, it cannot be bought back. However, generally, all holdings must be cleared within 4 days, and the stock exchange operation will be carried out. If not, the T+0 band during the decline will be used.
Remember one principle, only when the store is always in hand can you make a profit every day. Whether the cost of the store rises or falls is not a reason to sell the store, because the value of the store has nothing to do with your daily profit. Of course, if war comes, the store will definitely not be able to survive and will be destroyed by the flames of war. Therefore, if the market drops by 4% every day, it is necessary to sell out the store first, go up the mountain to avoid difficulties, and then come down the mountain to open a store after the flames of war have subsided. This is the wise move.
