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Day 2 [Unlock Your Trading Knowledge with Webull] Quiz 1

Answer the questions below and stand a chance to win a Nintendo Switch Gen 2 worth $399!

Q1: What are the advantages of Webull?

  1. In-depth Analysis Tools

  2. Easy-to-use app and desktop platform

  3. Community with more than 35M Global Users

  4. All of the above

Q2: What is a rule that sets the maximum price movement allowed for a stock in a single trading day is known as?

  1. Price limit

  2. Dynamic price limit

  3. Limit orders

  4. Stop-Limit orders

Q3: What is Initial Margin (IM)?

  1. When your Net Account Value (NAV) drops below the Maintenance Margin (MM) requirement.

  2. The amount required for opening new margin positions.

  3. The minimum amount of the Net Account Value (NAV).

  4. The cash balance, available margin, and collaterals you have available in your brokerage account to purchase additional securities or open new positions in a trading context.

Q4: Open-Ended Question -

How old were you when you placed your first trade, and what encouraged you to start trading?

The winner will be chosen based on:

i. highest number of correct answers on the multiple-choice questions; and

ii. most insightful and/or informative answer in the written format.

Good luck! ✨

For more info on the prizes and terms & conditions, visit here: https://bit.ly/3ru3z8b

This campaign is brought to you by Seedly and Webull. (https://seedly.sg/reviews/online-brokerages/web...)

Discussion (44)

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Q1. 4

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Q4. I started trading in the second year of university when I was 21! After completing my A Level exams, I worked part-time and had a decent amount of savings over the past few years. I was eager to find out how I could grow my savings instead of placing it in my bank when inflation is much higher than a bank’s interest rates. I’ve always watched Youtube videos on creators such as Ali Abdaal and even local ones such as Daniel Tamago and how they expanded their multiple streams of income through investing.

With a curious mind, I begin reading up on investing and trading on forums, reddit, online tutorials and reputable articles to gain a solid foundation of trading/investing fundamentals. After thorough research, I placed my first investment with a small amount I was willing to risk. I started off with a robo-advisor and selected various ETFs for my portfolio. It was such a nervous yet exciting experience that kick-started my journey in trading. As a beginner investor, there is still a lot for me to learn but I’m glad that I started early so that I can reach my future financial goals in a shorter time frame. I’ve also created a Webull account after coming across its amazing sign up and referral bonus of free stocks!

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  4. I was 25 years old when I placed my first trade. I was encouraged to start trading because I wanted to take control of my financial future and potentially achieve better returns on my savings compared to traditional investment methods. Additionally, the desire to learn about the financial markets and explore different investment opportunities motivated me to start trading.

Q1. 4

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Q4. Only start trading when I am 36, did not feel confident in starting trading and seems like a huge mountain to conquer. There are always stories of how you can lose all your money through trading, seems like a gambling trait. However, I come to learn through different information and exposure such as Seedly that trading can be done as an informated, educated and managed risk move. The cost of not investing our money is even higher as an inactive person in current high inflation econom.

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  4. I just started trading officially this year right after I can open my own trading account at 18 years old, but I used to buy stocks using my partner's account before I turned legal. It was actually my partner who influenced me to start trading, and I found that it was a good way of earning money as I did not have to work with people I do not like, but instead with numbers (even though I am not a big fan of them). I was also influenced by the fact that trading is also something that did not require a large sum of capital to start unlike a business, and I can even own shares of big companies because I can buy fractional shares using Webull.

Q1: 4

Q2: 1

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Q4: Actually I hardly trade and it was my dad who helped me to start trading wh...

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