1. A limit order to open a position will be rejected by Futu’s risk management system if the order price deviates from the market price by more than 40%;

2. For a very small number of stocks, a fixed price is needed before an order can be placed, such as an integer multiple of 0.05 or 0.5;

3. Orders that meet Futu's risk management rules will be submitted to the clearing brokers, but they may be rejected if they do not meet the risk management rules of these clearing brokers due to some common reasons, including that the price deviates too much, trading is not available temporarily, or the corresponding stock code cannot be found;

4. The clearing brokers define an order amount of less than 100 shares as an odd lot;

5. An order submitted by a client may be submitted to a non-traditional exchange;

6. In order to execute transaction instructions, Futu will send them to the clearing brokers (including but not limited to the members of our Group).

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北水狂掃港股！近期如何操作？

71%

29%

看好！繼續加倉

我恐高，逢高減倉

16K votes

年頭旺到年尾

Feb 27 16:09

Review on February 27...

$Hang Seng Index (800000.HK)$ $HSI Futures Current Contract (HSIcurrent.HK)$ The day before yesterday's review mentioned that the estimated previous top of 23,700 was not the peak. Yesterday it immediately broke through, and the increase was unexpectedly close to 1,000 points, as the short-term trading underestimated the extent of the rise. Therefore, many positions were previously entered in a bearish way, but in the end, the bears exited with stop losses at the close.

Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.

Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.

Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
Support and resistance can be referenced based on spot prices.
Support levels are 23150, 23250, 2...