facebook[Unlock Your Trading Knowledge with Webull] Quiz 1 - Seedly

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Edited 17 Jul 2023

General Investing

[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: When did Webull launch in Singapore?

  1. 2021
  2. 2015
  3. 1999
  4. 2022

Q2: What is a Mutual Fund?

  1. A collective investment which pools money from a number of investors into a wide range of assets, and actively managed by professional fund managers.
  2. A share that is less than one whole share of a company.
  3. A contract between two parties to facilitate a potential transaction on an underlying security at a preset price, referred to as the strike price, prior to or on the expiration date.
  4. A group or basket of securities, derivatives, or other financial instruments that represents and measures the performance of a specific market, asset class, market sector, or investment strategy.

Q3: What currencies can you use for Mutual Funds subscriptions and redemptions on Webull?

  1. SGD or USD
  2. USD or HKD
  3. SGD or HKD
  4. CNH or SGD

Q4: Open-Ended Question -

What is the biggest lesson you've learned about yourself as a trader?

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 (70)

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  • One of the biggest lessons I learn about myself through the 6 years of trading is the importance of emotional discipline and self-awareness.
  • Sometimes, I can be highly emotional when faced with making decisions under uncertainty, dealing with potential losses, and managing the fear and greed that can arise during market fluctuations. Thus, i always put my emotions aside and go back to the fundamentals of (1) why did i first choose this stock? (2) how long is my intention of trading and holding this stock.
  • Being self aware means sticking to my objective when i first started trading. I have a long term plan (10 years+) which i stick with and believe in the longer horizon than short term gain/loss. Therefore, temporarily losses and gains does not cause any panic to me as i stick by the longer game.
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  4. The biggest lesson that I have learnt is to be more cautious about your spending and saving, as much as trading sounds good, we shall keep some saving to ourselves in case any thing happens. Also, time management is very important, set priority rights.

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  4. ​The biggest lesson that I learn is the importance of managing emotions and staying disciplined. Emotions like fear and greed can influence decision-making and lead to impulsive actions, potentially affecting trading outcomes. Hence through the process, I learn how to manage it
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As a beginner in trading, the biggest lesson I've learned about myself is the importance of emotional discipline and self-awareness. Initially, I approached trading with a lot of excitement and optimism, expecting to make quick profits. However, I soon realized that trading is not just about analyzing charts and financial data; it's also about understanding myself and managing my emotions.

I discovered that I have a tendency to let emotions like fear and greed influence my decisions. For instance, I found myself holding on to losing positions for too long because I was afraid of taking a loss, hoping that the market would turn around. Similarly, I sometimes got overly excited when a trade was going well and would take profits too early, missing out on potential gains.

Learning to control these emotions and stay disciplined in my trading strategy has been a significant challenge. To overcome this, I've developed a set of rules and a trading plan that I follow strictly. This plan helps me stick to a rational approach and avoid making impulsive decisions based on emotions.

Additionally, I've come to understand the importance of continuous learning and adaptation in the ever-changing world of trading. Markets are dynamic, and what works today may not work tomorrow. Therefore, staying informed about market trends, economic events, and improving my trading skills is crucial for long-term success.

Overall, trading has taught me a lot about myself, my strengths, and my weaknesses. It has shown me that success in trading is not just about analyzing charts and data but also about mastering my own emotions and maintaining a disciplined approach to decision-making. With each trade and learning experience, I grow more confident in my abilities as a trader and remain committed to developing my skills further.

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