Stock "doing T" can be divided into "positive T" and "reverse T".

1. Stock positive T trading means buying stocks when the stock price is low, and then selling the stocks in the bottom position after the stock price rises; 2. Stock reverse T trading means selling stocks when the stock price is high, and then buying them when the stock price falls.

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Stock is part of the ownership of a joint-stock company and is also an ownership certificate issued. It is a type of securities issued by a joint-stock company to each shareholder as a shareholding certificate in order to raise funds and obtain dividends and dividends.

Transfer of trusteeship, also known as securities transfer of trusteeship, is a business specifically for the custody transfer of securities listed on the Shenzhen Stock Exchange. It means that investors transfer the securities listed on the Shenzhen Stock Exchange that are hosted by one securities firm to another securities firm.

Custody is a voluntary act by investors.

The securities purchased by the investor can only be sold at that brokerage. If the investor needs to transfer the shares to another brokerage for entrustment, he must go to the original custody brokerage to complete the custody transfer procedures.

When investors go through the custody transfer procedures, they can transfer all their securities at one time, or transfer part of the securities or part of the securities of the same type of securities.

The transfer custody business of the Shenzhen Stock Exchange is different from previous years. The current custody transfer business is handled through the trading system of the Shenzhen Stock Exchange. However, it should be noted that the securities types that are transferred to custody using the trading system are only included in the Shenzhen Stock Exchange.

Listed A-shares, funds, convertible bonds, warrants, and treasury bonds cannot be transferred to custody.

General procedure: First, the investor submits an application for transfer of custody to the transferring securities firm, fills out the "Application for Transfer of Trusteeship", and carefully fills in the transferring securities account code, security type, quantity, etc. in the application. Be sure to fill in the name of the transferring securities firm.

and the corresponding seat number.

After receiving the application, the transferring securities firm will carefully check whether the investor's ID card and the contents of the application are correct. After verification, it will make an offer to the Shenzhen Stock Exchange for transfer to custody through the trading system during trading hours. Securities that are suspended from trading on the day cannot be transferred to custody.

After placing an offer under the custody transfer order, you can also place an offer and apply to cancel the order before the market closes on that day.

After the market closes on each trading day, Shenzhen Securities Clearing Company will enter the processed transfer custody data into the "settlement data package" and send it to the securities dealers through the settlement communication system. The securities companies will promptly revise the corresponding share detailed accounts based on the received transfer custody data.

The transferred custody securities will arrive in the account on T+1 (i.e. the next trading day), and investors can sell them on entrustment at the transferred securities dealer.

Each time the transfer-out securities firm accepts the transfer of custody business, it will charge investors a transfer custody fee of RMB 30.

After the transfer of custody is successful, investors can continue to use the Shenzhen account at the original brokerage firm if they do not close it, but they still have to sell at the place where they originally bought it, otherwise they will have to transfer the custody.