SSC 0.00% 1.1¢ sultan corporation limited

peelwood gold., page-12

  1. 1,045 Posts.
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    Hi Trader

    T3 refers to a type of trader/trade, which entails buying a share and not having to settle the money for that order until the third day after purchase. T3 traders will look to make money on the share within in the three day period so when they sell the shares within in that timeframe then they dont have to put any money down provided they made a profit on the trade.

    So for example you buy

    1,000 ssc at 2.6c = 260.00 + borkerage
    then sell those same share three days later at 3.3c

    1,000 ssc at 3.3c = 330.00 - brokerage

    Profit 70.00 - brokerage

    Obviously this would be done with much larger sums of money, but it is a way to make money trading with essentially not putting down any money. But if the price slips then u owe them money and have to settle the difference. Hope this helps my explanations arent the best at times.

    GL to all holders

    GB
 
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