SiaoSiao82
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Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Tuesday; STI up 0.34%
●Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather stream
●Stocks to watch: LHN, Golden Energy and Resources, Singapore Medical Group
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened high...
●Singapore shares opened higher on Tuesday; STI up 0.34%
●Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather stream
●Stocks to watch: LHN, Golden Energy and Resources, Singapore Medical Group
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened high...
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SiaoSiao82
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For beginners, placing an order sometimes can be a difficult task.
In this video, we will guide you on how to place a market/limit order.
Follow us for more tutorials.
For more guides, please refer to moomoo courses at https://live.moomoo.com/college
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Have fun with your financial journey on moomoo!
$AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$
In this video, we will guide you on how to place a market/limit order.
Follow us for more tutorials.
For more guides, please refer to moomoo courses at https://live.moomoo.com/college
$AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$
![[Video Tutorial] How to place an order on moomoo?](https://ussnsimg.moomoo.com/202106170000078178e2dd5e936.jpg/thumb)
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SiaoSiao82
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Risk Management is not solely about cutting losses.
1. Set your RR, Stop Loss & Gain before entering a trade. Stick to this plan, DO NOT deviate from it due to Fear/Greed.
2. RM is about psychology too.
- Don't jump into trade, FOMO.
- Chase a trade after huge loss
If u r not mentally prepared for trading, 90% u will burned out in a few months.
3. Do Not...
- Jump to live trade after learning a few strategies online or YT. Do your DD, test out the strategies on paper trade.
- Follow the gut instinct of others comment.
- Thinking today is my Lucky day, placing >50% of ur account in 1 trade.
- Double up after losing a trade without SL.
- etc
My point is ... Never believe you can become an expert/winning trader in a few weeks/months.
It take a few of years of learning to just become consistent. (lot of emo/giving up along the ways)
Most consistent trader will loose ~40% of the time & still be profitable.
I would compare trading as to scuba diving.
Scuba diving is a safe but also labelled as a dangerous sport.
SAFE - when u learn all the fundamental courses, both theories & practical. Clock your dive logs consistently. And most importantly, know your gears & maintain them well.
DANGEROUS - when u on a vacation & took a dive experience crash course.
U learn everything in a few hours & put on some wear out gears. Off u go on a boat for your 1st dive.
If u lucky, u will manage & see a few fishes. But if you r not, u will end floating on the water surface, face down.
1. Set your RR, Stop Loss & Gain before entering a trade. Stick to this plan, DO NOT deviate from it due to Fear/Greed.
2. RM is about psychology too.
- Don't jump into trade, FOMO.
- Chase a trade after huge loss
If u r not mentally prepared for trading, 90% u will burned out in a few months.
3. Do Not...
- Jump to live trade after learning a few strategies online or YT. Do your DD, test out the strategies on paper trade.
- Follow the gut instinct of others comment.
- Thinking today is my Lucky day, placing >50% of ur account in 1 trade.
- Double up after losing a trade without SL.
- etc
My point is ... Never believe you can become an expert/winning trader in a few weeks/months.
It take a few of years of learning to just become consistent. (lot of emo/giving up along the ways)
Most consistent trader will loose ~40% of the time & still be profitable.
I would compare trading as to scuba diving.
Scuba diving is a safe but also labelled as a dangerous sport.
SAFE - when u learn all the fundamental courses, both theories & practical. Clock your dive logs consistently. And most importantly, know your gears & maintain them well.
DANGEROUS - when u on a vacation & took a dive experience crash course.
U learn everything in a few hours & put on some wear out gears. Off u go on a boat for your 1st dive.
If u lucky, u will manage & see a few fishes. But if you r not, u will end floating on the water surface, face down.
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