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Q1: When did Webull launch in Singapore?
Q2: What is a Mutual Fund?
Q3: What currencies can you use for Mutual Funds subscriptions and redemptions on Webull?
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...)
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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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