Day 2 [Unlock Your Trading Knowledge with Webull] Quiz 5

Answer the questions below and stand a chance to win a Fujifilm Instax Mini Evo Instant Camera worth $309!

Q1: Can you open a Webull account with Singpass?

Q2: Must you have a valid Customer Knowledge Assessment (CKA) to trade unlisted Specific Investment Products (SIP)?

Q3: What is the primary difference between a mutual fund and an ETF?

ETFs can be traded intra-day like stocks on the stock exchange, while mutual funds only can be purchased /sold at the end of each trading day based on the NAV(Net Account Value)
Mutual funds are generally passively managed, while ETFs are mostly actively managed.
Mutual funds have lower expense ratios compared to ETFs.
Mutual funds invest in individual stocks, while ETFs invest in a basket of securities.

Q4: Open-Ended Question -

What do you consider to be the most challenging aspect of trading, and how do you work to overcome it?

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...)

Webull Singapore

Discussion (32)

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Francis

01 Aug 2023

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Q4. It is to have an emotional attachment to any particular stock.

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Joon Wpj

27 Jul 2023

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Q4. The most challenging aspect of trading is managing emotions and avoiding impulsive decisions, and to overcome it, I focus on discipline, set clear trading plans, practice risk management, seek advice from others, and continuously improve my knowledge and skills as a trader.

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Janilyn Kok

25 Jul 2023

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Q4. Most challenging aspect of trading for me is the mental psychology after 1 bad day of trading. allowing yourself to acknowledge what went wrong, if you were sticking to your trading plan. and to re-start the momentum again and continue to trust your Technical analysis and trading skills. 1 thing i found helpful is to keep encouraging yourself even after a bad trade. 1 bad trade could benefit once we learn from that and also, being able to stick to our trading plan so that we know when to sit out and remembering to look at both the macro and micro perspective.

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Jane DOE

24 Jul 2023

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Q4. Most challenging aspect of trading for me is fear. The fear of not jumping on the wagon fast enough, the fear of losing all the money when I am too slow to sell, the fear of being left behind. I'm still working on a system to stick to so that I would not let fear get the better of me.

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