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        Teach and Learn Together here!
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        How to Buy Shares — Step by Step Shares

        Allen joined discussion · 10/18/2019 14:46
        1. Choose buy or sell
        The first step is always to choose what we would like to do, buy shares long or sell shares short. As a new investor, keep it simple, buy shares long!

        2. Insert quantity
        Next we enter how many shares we would like to buy or sell in total. To calculate how many shares we can afford, simply take the total amount of cash advance in the account and divide it buy the stock's last price. So, if stock XYZ is trading at $10 and we have $1000 in our account, we can afford to buy 100 shares of stock ($1000/ $10).

        3. Insert Symbol
        The ticker symbol brought the company we are going to trade. For example, Disney has a ticker symbol of “DIS”, Apple is “AAPL”, and Facebook is “FB”. If we are not sure of the company's symbol, you can click on the Symbol field and search to find it. Tickers are also required to read a stock chart.

        4. Choose Order Type
        The most common order types: market, limit, and stop (see my guide, Best Order Types for Stock Trading). Market orders buy or sell immediately at the current best market price. Limit orders only buy or sell these shares at, “$xx price or better”. Lately, stop loss orders are combined with a market or limit to trigger once $xx price hits. For new investors just getting started, I always suggest just sticking with market orders.

        5. Review Order and Place Trade
        After the basic inputs have been made, the “Place Trade” button will complete the order. By default, a summary screen always seems once this button is clicked to decide the order and confirm we have enough funds in our account. Once investors have experience and are losing with the trade ticket, this investors page can be disabled.

        Other fields (Expiration, Special Outcomes, Routing)
        New investors should ignore these fields and leave them set to their default values. These options give investors more control as to how long they should be actively active and how they should be filled. For example, “GTC” for expiration means “good-till-cancelled”.

        Routing, 99.9% of orders are routed using the online broker's automated system. However, day traders will decide hand select (direct route) their orders to a specific market center to receive market rebates. See this guide for more on order routing.
        Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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        • 73296575 : Well that certainly clears every obstacle and obfuscation with regards to how I make my first trade on moomoo, except for one tiny detail I really wish you had included in your presentation, Allen:  I don't know what page to be on or what to click on to bring up anything that looks like a buy/sell form which one needs in the very first place.

          Moomoo has to be the most user unfriendly website and app I have ever had the misfortune of encountering and attempting to navigate.  I learned to trade on Ameritrade thinkorswim in a few weeks without any real difficulty, but then it was, to a certain extent, self explanatory and intuitive.

        • versatile Unicorn_12 : buy

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