The correct way to open an order transaction in the [Moomoo Guide] series

“I heard that this stock is ready to dive, it can enter the market and go short”

“The future development potential of this stock is OK; you can buy long-term holdings”

When you hear these discussions and see trading charts posted by others, do you feel unbearably itchy, rubbed your hands, and ready to go to the stock market to make a big splash?

So the question is, how do you operate transactions on moomoo?

Some friends may have discovered that there have been some changes in the trading operation interface, so before explaining how to operate it,meLet's first take a look at how the trading order has changed~

Now on to the main topic, let's take a look at how to trade with these orders~

Let's choose a stock first,

Then click againtrade button；

Limited price orders require a specified transaction price and will only be executed when the specified price is reached or a better price is available.

Click to select “Limited Price List”, enter the price we want to trade, then click to enter the quantity.

As shown in Figure 3, we enter “3100” as the limited price, then enter the quantity “2,” and the total amount “6200” will be calculated automatically.

Purchase order: When the marketplace can offer a “3100” price of $Amazon or reach a better price than “3100,” such as 3099, then this order is likely to be sold at 3099.

Sell order: When the marketplace can offer a “3100” price of $Amazon or reach a better price than “3100,” such as 3109, then this order is likely to sell for 3109.

A market price list is an order that is sold at the current market price. There is no need to set a price yourself, so the order can be processed quickly.

Select [Market Price List] and enter the quantity “2”;

The market price list does not require a specified price; just enter the quantity. Buy or sell according to the current market price. Due to market fluctuations, the price at the time of transaction can only be used as a reference. When calculating the order transaction amount, it is impossible to give an exact transaction amount.

Since market price orders are risky, in order to guarantee order fulfillment, purchasing power must meet the market price times quantity and then 1.2 before you can make a pending order purchase. Take $Amazon as an example:Your purchasing power must meet the amount of 3109.540*2*1.2=7461.576 (reference amount).

A stop-loss limit order means submitting a buy or sell limit order when the market price reaches the stop-loss trigger price specified by the user.

Note: A stop-loss limit order guarantees the price of the transaction in the form of a limit order, but there is no guarantee that it will be sold.

When placing a stop-loss limit order, follow the “buy high, sell low” rule. The stop-loss trigger price needs to meet a specific relationship with the market price.That is, the purchase stop-loss price must be higher than the current market price, and the selling stop-loss price must be lower than the current market price.

● Selling stop-loss limit orders are always placed at a lower price than the current market price, usually used to limit the loss or protect the profit of a long position.

● Purchase stop-loss limit orders are always placed at a higher price than the current market price, usually used to limit the loss or protect the profit of a short position.

Take $Amazon for example, as shown in the image:

Set a trigger price of $3,100 and an order price of $3000.“If the market price reaches the trigger price specified above, the system will automatically submit a limit order.” When the market price drops to the trigger price of $3,100, then the system will automatically submit a limit order with an order price of $3000, then in the end your limit order will be at least $3000*2sell；

On the contrary,

Set a trigger price of $3200 and an order price of $3250. When the market price rises to the trigger price of $3200, then the system will automatically submit a limit order with an order price of $3250, then in the end your limit order will be an amount of less than $3250*2buy-in。

A stop-loss market price list means submitting a buy or sell market price order when the market price reaches the stop-loss trigger price specified by the user.

When placing a stop-loss market price order, follow the “buy high, sell low” rule. The stop-loss trigger price needs to meet a specific relationship with the market price.That is, the purchase stop-loss price must be higher than the current market price, and the selling stop-loss price must be lower than the current market price.

Take $Amazon for example, as shown in the image:

Set a trigger price of $3,300,“If the market price reaches the trigger price specified above, after triggering, the market price list is automatically submitted upstream and traded at the market price (transaction price is not guaranteed)”, rising to the stop-loss market pricebuy-in, falling to the stop-loss market pricesellIt's all true.

A limit order (take-profit) means submitting a limit order to buy or sell when the market price reaches the take-profit trigger price specified by the user.

Follow the “buy low sell high” rule when placing a limit order (take-profit) order. The take-profit trigger price needs to meet a specific relationship with the market price.That is, the trigger price for buying needs to be lower than the current market price, and the trigger price for selling needs to be higher than the current market price.

Take $Amazon for example, as shown in the image:

Let's say you have an empty position on the target of $Amazon. Set a trigger price of $3100 and an order price of $3101.“If the market price reaches the trigger price specified above, the system will automatically submit a limit order.” When the market price drops to the trigger price of $3100, then the system will automatically submit a limit order with an order price of $3101, then in the end your limit order will be an amount of ≤ $3101*2buy-in；

On the contrary,

Set a trigger price of $3200 and an order price of $3150. When the market price rises to the trigger price of $3200, then the system will automatically submit a limit order with an order price of $3150, then in the end your limit order will be at least $3150*2sell。

The Touch Market Price Order (Take Profit) commission system submits a buy or sell market price order when the market price reaches the take-profit trigger price specified by the user.

Follow the “buy low, sell high” rule when placing an order on the market price order (take-profit). The take-profit trigger price needs to meet a specific relationship with the market price. That is, the trigger price for buying needs to be lower than the current market price, and the trigger price for selling needs to be higher than the current market price.

Take $Amazon for example, as shown in the image:

Set a trigger price of $3200. “If the market price reaches the trigger price specified above, after triggering, it is automatically submitted to the upstream with the market price and traded at the market price (transaction price not guaranteed)”, dropping to the point where it hits the market pricebuy-in, rising to the point where it hits the market pricesellIt's all true.

The tracking stop-loss price limit allows users to set the tracking amount or tracking ratio, set a specified price spread, and the system automatically calculates the stop-loss trigger price based on changes in market prices. A stop-loss tracking limit order means submitting a buy or sell closing price order when the market price reaches the stop-loss trigger price specified by the user.

When placing a tracking stop-loss limit order, follow the “buy high sell low” rule, that is, the tracking amount or tracking ratio must be greater than 0, and the specified price spread must be greater than or equal to 0.

Take $Amazon for example, as shown in the image:

Buying direction

If you submit a buy-tracking stop-loss limit order with a tracking amount of 10 when the market price is $3174.450 and the specified price difference is 20, then the initial stop-loss trigger price for that order will be set at $3184.450. When the market price falls, the stop-loss trigger price also falls; when the market price rises, the stop-loss trigger price will remain unchanged. When the stock price rises to or exceeds the stop-loss trigger price, a limit order is triggeredbuy-in。

If the order is placed, the target price drops to a minimum of 3100 before triggering, then there will be no lower price. The stop-loss trigger price will then be updated to $3110 ($3100+10). When the current market price of the target item reaches $3110 or more, an order is automatically submitted upstream as a limit order with a price of $3130. There is no guarantee of execution.

Selling direction

If you submit a sell-tracking stop-loss limit order with a tracking amount of 10 when the market price is $3174.450, the order's initial stop-loss trigger price will be set at $3164.450. When the market price rises, the stop-loss trigger price will also rise; when the market price falls, the stop-loss trigger price will also remain the same. When the stock price falls below or below the stop-loss trigger price, a limit order is triggeredsell。

If the order is placed, the target price rises to a maximum of $3200 before triggering, and there is no higher price after that. The stop-loss trigger price will then be updated to $3190 ($3200-10). If the stock trading price drops to $3190 or below at this point, a limited price order with a price of $3170 is automatically submitted upstream, and there is no guarantee of transaction.

The tracking stop-loss market price list allows users to set the tracking amount or tracking ratio, and the system automatically calculates the stop-loss trigger price based on changes in market prices. The stop-loss market price order tracking system submits a closing price order to buy or sell when the market price reaches the stop-loss trigger price specified by the user.

Follow the “buy high sell low” rule when placing a stop-loss market price order, that is, the tracking amount or tracking ratio must be greater than 0.

Take $Amazon for example, as shown in the image:

Buying direction

If you submit a buy-tracking stop-loss limit order with a tracking amount of 10 when the market price is $3174.450, the initial stop-loss trigger price for that order will be set at $3184.450. When the market price falls, the stop-loss trigger price also falls; when the market price rises, the stop-loss trigger price also remains unchanged. When the stock price rises to or exceeds the stop-loss trigger price, it triggers the market price orderbuy-in。

If the order is placed, the target price drops to a minimum of 3100 before triggering, then there will be no lower price. The stop-loss trigger price will then be updated to $3110 ($3100+10). When the current market price of the target product reaches $3110 or more, the order is automatically submitted upstream as a market price list. There is no guarantee of completion.

Selling direction

If you submit a buy-tracking stop-loss limit order with a tracking amount of 10 when the market price is $3174.450, the initial stop-loss trigger price for the order will be set at $3164.450. When the market price rises, the stop-loss trigger price will also rise; when the market price falls, the stop-loss trigger price will also remain the same. When the stock price falls to or falls below the stop-loss trigger price, it triggers the market price ordersell。

If the order is placed, the target price rises to a maximum of $3200 before triggering, and there is no higher price after that. The stop-loss trigger price will then be updated to $3190 ($3200-10). If the stock trading price falls to $3190 or below at this time, it is automatically submitted to the upstream as a market price list, and there is no guarantee of transaction.

Once you've selected the type of order you want,

Enter the quantity and conditions you want to set,

Click Unlock Deal and enter the transaction password!

This is the end of today's Moomoo Guide on how to trade and order types. We'll see you in the next issue~

If you have a guide for other features you want, please leave a comment below~