You can now buy and sell the same stock within a single day. Yes, that’s right — same-day settlements (T0) are finally available on your Thndr app.
For those of you who don’t know, regular orders take two days to settle—T2. This means if you buy a stock today, you will need to wait for two days before you can sell it. Through the T0 settlement feature, you can buy and sell stocks within the same day.
We know you’ve all been waiting for this, so let’s get straight to it.
Where can you find T0 & T+1 on your Thndr app? T0 & T1* will be available through an advanced order screen. This screen will be available as part of an upcoming subscription. To find it, follow the below steps:
Search for the stock you want to sell and go to its stock page
Click on limit order
Click on Advanced
Choose your settlement type (T0, T1, T2)
*T1 means you can sell stocks you bought after 1 day only.
Want T0 for free? If your account is already funded, then you’ve got it—T0, for free. If your account isn’t funded yet, then just fund your account before May 15, 2022, and you’re good to go.
More Features? Yes, please We didn’t just stop at same-day settlements. Your advanced order screen has a few more features to even better your investing experience on Thndr.
Choose your order expiry date Regular orders on Thndr are submitted as Good till Cancel. Now you can choose your order to expire within a day or on a certain date that you choose.
Check out our support article on how to navigate the advanced order screen here.
It’s important to understand the risk that could be caused by day trading and not just know how it works. Multiple studies show that day trading is extremely risky and usually associated with a high chance of losses.