How to make your first trade on moomoo

Think of investing as a marathon. In this race, moomoo's analysis tools are here to help you keep pace.

We're going to walk through moomoo's trading process, including picking stocks, analyzing them, and making trades. You'll use three main pages: Watchlists, Quotes, and Trade.

Takeaways:

● Well-managed Watchlists could potentially result in better trading opportunities.

● The Quotes page is where you can really get to know a stock.

● Limit orders are great for controlling price, but not so much for timing.

1. How to manage your Watchlists?

Watchlists are your first peek into the trading world. It's what you see when you fire up the moomoo app.

Those symbols in your Watchlists are potential trading opportunities. Managing them well is like tending to your investment garden—something folks often forget.

Let's break down moomoo's Watchlists into three parts.

First up, adding symbols. You've got two main ways:

One, search and add. Tap the Search icon at the top right, type in a symbol or company name, then light the Heart.

Two, add from the Quotes page. This method is available when exploring potential trading opportunities. Say you're browsing the Markets page, tap on a symbol to enter its Quotes page, then light the Heart at the top right.

As your list grows, you might want to shuffle things around. Moomoo has got you covered: just long-press a symbol, hit Edit, and then move it where you want.

You can pack up to 2,000 symbols in there. If it gets crowded, why not make new watchlists?

There are two ways to do that: Tap Edit at the top right and pick New Watchlist; or long-press a symbol, tap Add to, and then New Watchlist.

New watchlists pop up at the top. Here's a quick way to fill them out: Go to "All," long-press a symbol, hit "Edit", check the ones you want, tap "Add to," and pick your new watchlist.

Pro tip: Keep your Watchlists tidy. Regular maintenance helps you spot those trading chances better.

2. Information to consider on the Quotes page?

Now, let's peek through the second window of the trading world—the Quotes page. This is where you can really get to know a stock.

You can access the Quotes page by tapping any symbol. It is divided into four parts: Icons, a Quotes Summary, an Info Bar, and investment tools.

● The Icons section is like a quick cheat sheet. It tells you if you can buy fractional shares, trade on margin, or short sell.

● The Quotes Summary is your stock's vital signs—price changes, volume, turnover, market cap, you name it. Tap to show more or less, and if you're scratching your head, just hit that info icon for help.

● The Info Bar is your news ticker. It's got the latest buzz, earnings updates, and corporate actions. For U.S. stocks, you'll also see pre-market and after-hours action here.

● The Investment Tools—Charts, Options, News, and Company info provide helpful information to assist you in making informed trades.

The Chart module is your go-to for watching trades happen in real time and drawing chart patterns. Additionally, it's your gateway to actually making trades.

Moomoo offers hundreds of different technical indicators and dozens of drawing tools. To make better use of chart analysis, double-tap the chart to go full-screen for a better view.

3. How do you place a Trade order correctly?

Alright, let's step into the final window of the trading world—the Trade page. This is where you place a trade order.

From the Chart module on a stock's Quotes page, hit that "Trade" button at the bottom. You'll land on the Trade page, where a few key things need your attention:

First up, Order Type. It's set to limit order by default. With this, you pick your price. Punch in the quantity, and it'll do the math on the total amount.

Limit orders are great for controlling price, but not so much for timing. They might not even get filled. Say the stock's at $101, but you put in a buy limit order at $100. You're waiting until the price drops to $100 before anything happens.

Want to trade as soon as possible? Go for a market order. These usually execute at whatever the current price is. Just enter how many shares you want.

If the stock's at $101, a market order typically fills right away. But heads up—prices change fast, so you might not get exactly $101.

These two are your basic order types. Everything else is a variation. Tap the Info icon if you want to know more.

Next, Trading Session. Limit orders can work in extended hours, but market orders are regular hours only.

Word of caution: Extended hours can be risky. The volatility tends to be much higher, and there is less liquidity, meaning that fewer people are trading and that prices tend to move much more dramatically.

Third, Time-in-Force. Day orders last one trading day. If it doesn't fill, it's gone. Want it to stick around longer? Set it to Good Till Date (GTD) and pick an expiry date.

Last up, Attached Order. It lets you set up take-profit or stop-loss orders when you open a position. The attached order matches your main order in size but goes the other way. So, if you're buying, you could set a "Profit Taker" to sell when it hits your target price. Once your buy order fills and the stock hits that price, it'll trigger the sell.

• Disclosure:

  Fractional shares are illiquid outside of Moomoo Financial Inc. ("MFI") and cannot be transferred. Not all securities offered by MFI can be traded as fractional shares. Margin trading entails greater risk, including, but not limited to, risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance before trading on margin. Limit and stop orders do not guarantee that an execution will occur because the price may never reach your limit or stop price, or there are other orders ahead of yours.