【Mandarin Livestream】Stop Guessing! Master Practical Trading Skills with Strategist Alan

Hey Mooers!

We recently invited Strategist Alan to host an insightful offline seminar.If you missed the livestream, don't worry! We've distilled the top 5 core takeaways from the session.

1. Level 2 (60-Level Bid/Ask): Finding the "Reference Points" in Large Orders

Many Mooers get dizzy looking at the rapidly flashing numbers in Level 2 data. Alan's advice: Ignore the noise and hunt for anomalies.

How to use it: When trading, pay close attention to unusually large limit orders (e.g., a sudden order of tens of thousands of shares).

Practical Application: When you're looking to buy or sell, these massive orders can serve as a "reference coordinate" for identifying potential support or resistance walls, helping you observe the possible movements of large capital

2. Position Cost Distribution: A Handy Tool for Ranging Markets

Want to know the average cost distribution of current shareholders? The Position Cost Distribution tool can give you valuable insights!

By calculating the average cost of current holders, it automatically generates potential support and resistance reference lines.

Alan’s Tip: This tool is often most valuable when analyzing range-bound stocks. However, if a stock is constantly hitting all-time highs (meaning the vast majority of holders are in profit), the reference value of this data diminishes. Investors should combine it with other indicators for a better assessment.

3. Capital Flow: Tracking Extra-Large (XL) Orders

The Capital Flow tool in the app categorizes orders into Extra Large (XL), Large (L), Medium (M), and Small (S).

Fun Fact: An "XL Order" isn't a fixed dollar amount; it is dynamically calculated by the system based on the top 10% of that specific stock's trading volume.

Strategic Insight: For mega-cap tech stocks, institutional investors often use algorithms to break up their trades. However, in small-to-mid-cap stocks with relatively lower liquidity, slicing orders is much harder. In these cases, tracking the inflow and outflow of "XL" orders using the Capital Flow tool can often yield more valuable reference data.

4. Advanced Orders: The Difference Between Stop and Stop Limit Orders

This is the most common point of confusion Alan notices when speaking with users:

Trading Habit: Alan recommends setting up a stop-loss plan at the exact moment you open a position. This helps prevent emotional decision-making caused by market volatility.

What exactly is the difference between a Stop and a Stop Limit order?

Stop Order: Once your trigger price is hit, the system automatically submits a Market Order. During times of high volatility, this can result in slippage.

Stop Limit Order: Once triggered, the system submits an order at your specified Limit Price.

Understanding the difference between these two orders can help you better manage your trading risks!

5. Macro Perspective: The Underlying Logic of US Stock Trading

During the Q&A, Alan shared his observations on the US market: It is a highly transparent market heavily driven by algorithmic trading.

Alan suggests that when trading US equities, beyond technical indicators, investors should also heavily weigh fundamentals, business logic, and core market narratives (such as the AI trend).

For investors who don't have much time for deep research, focusing on broad-market index ETFs to pursue average market performance is a common and viable asset allocation strategy.

Try It Out Now!

Open your Moomoo App, select any stock on your watchlist, scroll down the Quotes page, and experience the Level 2, Position Cost Distribution, and Capital Flow tools for yourself! If you run into something you don't understand, just tap the Moomoo AI icon in the top right corner to ask a quick question!

Let’s Chat in the Comments:

Have you ever confused a Stop order with a Stop Limit order? Which of Alan's tips inspired you the most? Let us know down below!

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