Did Your Questions About Trade Get Answered?
Hey guys, this is our 8th Q&A column. We hope this helps. This week, we selected 5 questions regarding trade. Let's go through it!![]()
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Q1: How to set stop loss on moomoo?
A: “Stop" order is a special “condition-triggered” order that requires a specified up/down price (trigger price) and the actual order price. Once the stock price reaches the trigger price, the system will automatically submit the specified order to the exchange (equivalent automatically submit a normal order).
Let's take the following stock "AAPL" as an example. We firstly should choose "Conditional Order".
Q1: How to set stop loss on moomoo?
A: “Stop" order is a special “condition-triggered” order that requires a specified up/down price (trigger price) and the actual order price. Once the stock price reaches the trigger price, the system will automatically submit the specified order to the exchange (equivalent automatically submit a normal order).
Let's take the following stock "AAPL" as an example. We firstly should choose "Conditional Order".
Secondly, we choose "Stop" Type to place the order.
Q2: Can I short selling?
A: Short selling is not supported for stocks with a stock price of less than $5. And it is also not apply to personal assets less than $2500.
Q3: Can I use unsettled funds to buy stock?
A: After selling stocks, technically you are supposed to wait 2 business days for settlement. But the funds from the sold stocks can be traded in other stocks.
Q4:Can I trade OTC stocks on moomoo?
A: Currently moomoo supports some of the OTC stocks trading. You can see it by going to the Markets-Opportunity-Hot ADR.
A: Short selling is not supported for stocks with a stock price of less than $5. And it is also not apply to personal assets less than $2500.
Q3: Can I use unsettled funds to buy stock?
A: After selling stocks, technically you are supposed to wait 2 business days for settlement. But the funds from the sold stocks can be traded in other stocks.
Q4:Can I trade OTC stocks on moomoo?
A: Currently moomoo supports some of the OTC stocks trading. You can see it by going to the Markets-Opportunity-Hot ADR.
Q5: What is the maximum withdrawal amount?
A: There is no withdrawal limits. You can initiate a withdrawal as long as the funds can be withdrawn in cash.
A: There is no withdrawal limits. You can initiate a withdrawal as long as the funds can be withdrawn in cash.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Kevin Le : good
Rick Scales : i still wasnt able to get my initial purchase money of the stock and its been 1.5 months
Moomoo LilyOP Rick Scales: Sorry for the trouble. But for your private account, you need to contact cs@fututrade.com
Rick Scales Moomoo LilyOP: Thanks good looking
Hamid Ahmadpanah Moomoo LilyOP: wat...
Hamid Ahmadpanah : Okay, just be careful Field friends Numbers are sometimes cruel and sometimes lovable.
FireWire2 : do you know when FUTU will support covered call? Other broker offers this option
Moomoo LilyOP FireWire2: Hey,we have checked with collegue and this function is still under planning. Thanks for your support
70147991 : Good!