In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE. In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond. Webull vs ETRADE or ETRADE vs Webull Let me preface by telling you that I have been using both of these brokers from many years now, ETRADE …
Looking for Webull Customer service phone number to speak to someone regarding a problem on Webull trading platform. Learn how to get a hold of Webull Customer service today without wasting anytime. What Is Webull Customer Service Phone Number? Webull trading platform has grown so much between 2019 and 2022 according to Google Trends. However, with more trader traders on board, more and more people need to reach Webull Customer service to get help on specific issue. Unfortunately, Webull Customer …
If you are looking to withdraw your money from Webull account, this tutorial is the best step-by-step guide.
By the time you are done, you will learn how to withdraw money from Webull, how to transfer money from Webull to your bank and how long the whole process takes.
How To Withdraw Money from Webull
The first step to withdraw money from Webull account to log in into your account.
Ensure that you have available funds to withdraw.
Then Select Transfers on the Top menu. It is situated between Orders and History.
On that screen you will see a “Withdraw” section that shows exactly how much you can withdraw.
Click on it. It is the Cash Balance you can Withdraw.
On the next screen you will define how much of that Cash Balance you would like to withdraw.
Enter the $ amount you would like to withdraw and click on Transfer to my bank.
That is it. You are done with your withdrawing money from Webull account.
How to withdraw from Webull App
The easiest and fastest way to withdraw money from Webull account is to withdraw from Webull app.
You can use the same steps as described above t get to the screen Capture displayed below.
Withdraw money from Webull App Is 1,2,3 Easy
There is no ACH fee to withdraw your money from your Webull account.
There is no minimum amount to withdraw money from your Webull account either.
In fact, in the above image, I was able to withdraw $2 from my available Cash balance.
What happens after you submit your withdrawal Request on Webull
After you submit your withdrawal request on Webull, you should receive a confirmation Email from Webull Team.
The purpose of the Email is to confirm that your withdrawal request is in processing stage.
Withdrawal Requel confirmation Email from Webull
You can check the status of your withdrawal request on Webull App under the Transfers section.
How Long Does It Take to Transfer Money from Webull
How Long for Webull Withdrawal
Webull Withdrawal through ACH will take less than 24 hours.
As long as you initiate your transaction during regular business hours, your funds will be settled in your bank on the same day.
So, imagine that you made a great trade on Crypto or Options, once your funds settle on your Webull account, you can immediately withdraw that money into your bank account.
Can you Cancel a pending Withdrawal from Webull
In case you changed your mind on a pending withdrawal, you can cancel your withdrawal as long as the status is still pending.
In order to cancel your pending withdrawal from Webull, you go to your Transfers.
Scroll down to Recent Activity.
there you will see any pending withdrawal.
Click on it and then select “Cancel Withdrawal” s shown on the screen below.
How to Cancel a Withdrawal from Webull App
How Long Does It Take for Cash to Settle in Webull
The time is takes after making money trading on Webull and having that money into your bank account is mostly due to the time it takes for Cash to settle in Webull.
If you are trading stocks only, the winning Cash will take u to 3 days to settle.
If you made money on Crypto or options trading, then you can have the funds available to withdraw the next day.
Therefore, it usually takes between 1 day and 3 days for your funds to settle on Webull depending on what assets you made your money from.
How many Days for Funds to settle on Webull
#Days
Stocks Trading
3 Days
Crypto Trading
1 Day
Options Trading
1 Day
#Days for Funds to settle on Webull
FINAL THOUGHTS: How to Withdraw Money from Webull
We shared how to withdraw money from Webull account.
The easiest method is to withdraw money from Webull App using the ACH transfer.
Your funds will get to your bank on the same day after they have settled into your available balance.
You may or may not have heard of Webull App Options Calculator.
And you may already even already be using it.
It has a lot of features that can help you improve your options trading strategies and ultimately grow your account.
Here is everything you need to know about Webull App Options Calculator.
It will help you use it to its full potential.
What Is Webull App Options Calculator?
Webull Options calculator or Option Simulator is a simple interface that helps traders predict the price of options.
Who is the Webull Options Calculator for ?
Have you ever found yourself wondering how much will an option cost if the price of the underlying stock moves by “x’ $ by a certain date ?
Or better yet, you have taken a trade and between market hours, there is a big move and you are now eager to find out how much money you will be making ?
The above question can come to options trader’s mind before taking the trade.
How much money can you make on an option trade given the set of parameters that affect the option price will have an answer with the Webull App Options Calculator.
Options Calculator User Interface
How Does Webull Options Calculator Work?
Options traders have the ability to change the date of the Simulation, the underlying price, the implied volatility and the Risk-Free Rate.
As you change any one of these inputs, the price of your option contract under “Theo Price” will change accordingly.
At the same time, a percentage profit under “To current Price” will be updating automatically as well.
In the above image we capture from QQQ Options, the theorical price is 1.1668 which is a profit of 10.08% from the current value of that QQQ $286 Put expiring on May25.
How To Use Webull Options Calculator
This Webull options trading feature is relatively new to many traders, so I am still getting questions on how to get to the Webull Options Calculator on the Webull App.
Before you dive into the step-by-step video, there are the quick easy steps to take you to the options calculator with great ease.
Select your stock of interest, then select Options to unveil you have 3 choices:
Options Chain, Volume Statistic and Probability Analysis.
2. Select the Options chain then click on the Ask price of any option.
The next screen will be like a buy order ticket.
3. Click on ‘Single option’ on the top right-hand side.
On the next screen, click on ‘Buy whatever option you selected’ then the next screen will show you a chart of the price of that option vs. time.
4. On top of this chart, there are 2 choices: chart and Calculator. Select Calculator and voilà ?.
How Accurate is Webull Options Estimator
Since this tool is still relatively new, I will need some time to gather the data in order to provide a definitive answer to this question.
In the meantime, I will leave you with this based on my many years trading options with Calculators or Simulators.
Options calculators in general give you a very good idea of how much your contracts will be worth especially when the market conditions are stable i.e. the implied Volatility is a wild card that greatly impact options price.
Webull Options charts have been improving recently as more traders enjoy Weibull’s innovative feature.
In this tutorial, you will learn how to setup Webull Options charts, read them and get to most from them.
Ultimately, you will be able to leverage all the insights of Webull options charts to increase your options trading profits.
What Is Webull Options Charts
Just like stocks chart tracks the evolution of the stock price over a period of time, options charts measure the change of the price of options over a period of time.
When you get into an option trade, you want to be able to evaluate how the price of your contract is tracking.
Why Are Webull Options Chart Important?
In fact, I will argue that the Webull options charts can be used for two main purposes:
Decide when to enter a trade
Determine when you want to close a trade or take partial profit
The first instance seems obvious because that is the most common question i get from options traders.
“How do I know when to enter a Trade ?”
How To select Time Interval on Webull Option Chart
The second reason for using Webull options charts require a little more knowledge in technical analysis.
In Summary, the main take-away is that your Webull options charts will display other indicators.
In fact, the same technical indicators you use on the Webull stock charts can be displayed on the Webull options charts.
One of those indicators is the Bollinger Bands.
The upper Bollinger Band acts as a natural resistance meaning that when the price of your contract goes outside of the upper Bollinger band, this is an indication to start considering profit taking or scaling out.
At the bottom of the Option chart, Webull provides the time and sales for that option.
this means that you have access to LEvel-2 option data.
This is different from the stock Level-2 data we discussed in a previous tutorial.
Webull App Options Time and Sales
The access to the Time and Sales of Option can get a trader into an option trade by identifying how other traders are managing that specific strike price.
Alternatives to Webull Options Charts
Webull options trading platform has really improved since 2019.
The company has been celebrating its fourth-year anniversary during the month of May 2022.
Webull Trading Platform Turned 4 in May 2022
As someone who has been following Webull progress during this time, I can certainly applaud their commitment in providing options traders the resources and tools to become successful.
Can you get Options Charts on TradingView?
As great as Tradingview is for regular stocks charting, it does not yet offer the ability to chart options on its platform.
Hopefully in the near future, such feature might be added.
How To Get Options Charts on ETRADE?
In my YouTube video below, I explain how easy it is to get an option chart on ETRADE.
You will quickly learn how to set up your Option charts with all of your favorite indicators.
You will only need to do it once.
Then every subsequent time, the same indicators will display regardless of the stock option you are charting.
This is a very powerful way to track the evolution of the exact instrument you are trading vs the stock price chart which is just a “lousy” proxy at best.
Below is the Video that describes the easy steps on how to read Webull option charts.
Are your trading account deposits taking too long to reach your Balance ?
Webull Instant Deposit is the ideal solution for you to get instant Trading capital to your account.
In this step-by-step tutorial on how to effectively use Webull Instant Deposit, you will master how to leverage all the benefits of Webull Instant Buying Power so that your money can start growing faster.
Does Webull Have Instant Deposit?
As a day trader or investor, how many times have you found yourself wishing you had cash available to take advantage of a great opportunity ?
Often, when such opportunities arise (to buy the dip in a stock or crypto), we do not have enough buying power to act.
Webull Instant Deposit feature is made for precisely such circumstances.
How Long Does Webull Deposit Take?
Per Webull own guidance, a deposit takes around 5 business days to settle.
This is a long time for most traders to wait in order to start putting your money to work for you.
Such processing time applies to ACH setup between your Webull trading account and your financial institution.
In my other broker accounts, I used same day wire to fund my account to minimize this waiting time.
How Long does Webull Take to Settle Funds
Webull Instant Deposit is meant to resolve the problem of how long Webull take to settle funds.
In order to alleviate that problem, here are the diverse options you can choose from.
You have the choice between ACH and Webull wire transfers to get your funds into your Webull account.
The Webull wire transfer method looks a little bit too complex, and I never explored it.
I know that most of the Webull traders prefer to use the Webull ACH method.
In case you need the Webull wire Transfer Instructions, here is a view of what you need to set it up.
Webull Wire Transfer Instructions
In the US, same day wire transfer needs to be completed by 5PM Eastern time.
I typically do mine in the morning before 8ampacific time, which is the opening time for my bank.
By 1045am pst, my funds are always available for me to trade.
Does Webull Do Instant Deposit
The Webull Instant Deposit works as if your money is available to you for trading right away even though the funds between Webull Clearing House and your bank have not settled yet.
Therefore, this means that you cannot take this money out yet until the full final settlement.
The other implication is that should your funds not clear, you may owe Webull money since they are basically extending you a short term loan.
When Do You Receive Webull Instant Deposit
Let’s try to summarize al the possibilities because the time you will receive your Webull Instant buying Power depends on when you initiate your deposit request.
Transfer Initial Time
When Will You Receive Webull Instant Buying Power
Before 930am EST on a Business Day
Same Day During Business Hours
Business day between 930 and 4pm
Instantaneous within a few Seconds
After 4pm on Business Day
Next Business Day
Weekends or Holidays
Next Business Day
When Is Webull Instant Buying Power Available to your Account?
From the table above, it is easy to see that the best time to request the transfer is during market hours in order to credit your buying Power instantaneously withing a few second.
Instant Gratification does not get any better than that.
Instant Buying Power In Webull
The Instant Deposit ultimate goal is to get Instant Buying Power.
Now that we know that this is possible during regular business hours, let’s answer the question about how much Instant buying power you can expect.
Does Webull Have Instant Buying Power
Webull has Instant Buying Power if you initiate your transfer between 930am EST and 4PM EST on business days.
However, the amount of money or Buying Power you get is not always something you can predict.
In varies from account depending on your account type, cash balance, amount of money you are transferring , the current market value of your positions and your personal Webull credit.
That is a lot of parameters if you ask me.
For instance, does anyone know what is their Webull personal credit ?
I certainly do not know mine even though I have been using webull for several years now.
From what I can tell, it is an internal score Webull keeps for each trader based on your transactions history on their platform.
How To Use Instant Deposit on Webull
I can only share my experience on how much Instant Buying power I received the first time I funded my account.
I got $100 of Instant Buying Power for the first time and subsequently, anything I was depositing money into my Webull account, the Instant Buying Power was the amount of my transfer.
Hence this table below can help you predict how much Instant Buying Power you can expect assuming that you are in good standing with Webull.
How Much You Deposit
How Much Instant Buying Power You Get?
Less than $1,000
Full Transfer Amount
More than $1,000
Up to $1,000
Multiple pending Deposits
Aggregated amount of incoming funds determines Instant Buying Power
Webull Instant Buying Power Limit Amount as a function of Your Transfer amount
In Summary, Webull Instant deposit Limit Amount is likely going to be at least how much you deposit on that day and at most $1,000.
Therefore, this $1,000 can be considered as the Maxx Webull Instant Deposit limit amount regardless of how much money you are transferring that day into your Webull account.
Webull Instant Deposit Not Working? What To Do ?
In some rare cases, you may experience issues with your Webull Instant deposit.
Webull has done a great job with FAQs sections to help you alleviate such difficulties.
One of the most recurring issues on Webull instant Deposit is “Webull Failed to get bank Account.
Webull Failed to Get Bank Account
When you are linking your bank account to your Webull account, you need to ensure that the account is on your name.
The bank account cannot have a someone else name.
Should you find yourself in such predicament, here are the tutorials to help you solve this issue.
Webull Community | Learning
Inside the Webull app, you have access to a Community Section with a great deal of resources.
One such helpful resource is the Learning tab shown below where you can access Webull knowledge center at your own pace and convenience.
Community Learning Center of Webull
From the Learning section of the Community center, scroll down to Webull APP and then click on Fundings Transfers and Instant Buying Power to reach the view below.
Webull Tutorial on Transfer helps with Failed Instant Deposit
Another great way to get your Instant Deposit is to follow my step-by-step video tutorial on YouTube.
Alternatives To Webull Instant Deposit | Webull Recurring Deposit
One of the best ways to ensure that you always have funds in your Webull trading account is to make regular deposits.
Recently, Webull just introduced a recurring deposit feature you can take advantage of going forward.
Webull Recurring Deposit
If like most investors you get your investing money from a regular job or other sources of income, you can setup a recurring deposits to your Webull trading account.
This is how easy it is to setup Webull recurrent deposits at preset dates that are convenient for you.
How To Setup your Webull Recurring Deposit Plan
From your Account on Webull, select the Transfers Menu as shown below.
Webull Recurring Deposit Provides Instant Buying Power Regularly
2. Then, Click on recurrent Deposit to setup your recurring deposit schedule
You have four (4) plans you can select from to deposit money regularly on your Webull account.
The table below summarizes these available schedules.
Webull Recurrent Deposit Schedules
Frequency
Minimum Amount
Maximum Amount ($)
Daily
ALL
None
TBD by your Bank | 5,000
Weekly
Monday through Friday
None
TBD by your Bank| 50lk
Bi-Weekly
Mon | Tue |Wed| Thu | Fri
None
TBD by your bank | 50k
Monthly
1st through 28th
None
TBD per your Bank
Webull Recurrent Deposits Schedule
3. Make a Selection for the Schedule: Daily, Weekly Bi-weekly or Monthly
In the example below, I setup mine for weekly, then I chose Monday for an amount of $1,000.
This means that every week on Monday, I will get and Instant Deposit of $1,000 which Ican use to trade stocks, options or crypto.
My Webull Weekly Recurring Deposit for $1,000
This Webull recurrent Deposit is the feature to ensure that you get Instant deposits regularly and you always have available Buying Power on how account to take advantage of the great volatility in the markets.
If you are a beginner trader and you just setup your account, a great alternative to Webull Instant deposit is to paper trade.
You can gain in experience whle paper trading without risking your money.
Then after you increase your confidence, you can go in with real money.
Alternatively, if you are an experienced trader, paper trading as an alternative to Webull Instant buying power can be a blessing as well.
How so ?
Simulate your trades while waiting for your Deposit
Because you can test your strategy on paper trading to see whether or not it is working while you are waiting for your funds.
This is a good simulation.
For instance, if you think that an option position provides a great entry, or you want to take advantage of a recent selloff in your favorite crypto,
Nothing is better than start that position in a paper account to test the waters.
FINAL THOUGTS ON WEBULL INSTANT DEPOSIT
Webull provides Instant Deposit so that you can have available funds to trade immediately.
We shared the advantage of Webull ACH Transfer over Webull Wire Transfer.
Also, you can setup recurrent deposits so that you always have fresh buying power to help take advantage of the many trading opportunities in the stocks, options and crypto markets.
If you want to short a stock on Webull, this step-by-step guide will take you through everything you need to know.
From leveraging margin, to the risks associated with shorting stocks, you will be better prepared to this shorting strategy.
CAN You Short Stocks on Webull?
The strategy of shorting stocks used to be reserved to just a few elite specialists.
Nowadays, even beginner traders are becoming well versed with this method of trading stocks.
Let’s explore what shorting stocks consist of ?
Basics of Shorting
In contrast to buying a stock to open a position, shorting a stock is all about selling the stock to open the position.
However, the obvious question is why would someone want to sell a stock to they own to open a position?
The answer is: short sellers do not own the stocks they are shorting.
The adjective “short” needs to be translated into “do not have it”.
Like in the sentence “I am short 5 dollars” which means I am $5 dollars short of what is needed, or I am lacking $5.
How Does Shorting a Stock on Webull Work?
So, the scenario for shorting a stock on Webull is the following.
You want to sell 100 shares of stock “XYZ” on the open market but you do not own those shares.
Luckily for you, Webull owns plenty of shares of company “XYZ”.
Webull is willing to lend you borrow those 100 shares of XYZ.
Why is Webull (or any other broker doing this ?) ?
Because, in return they will charge you interest until you return the 100 shares you borrowed.
Therefore, Webull and other brokers actions on shorting stocks are strictly business motivated.
From this description, you can see that initiating a short sell of a stock is simply a loan origination from your broker.
Sometimes, if may be transparent to you but your broker itself can be borrowing these shares from other brokers !
Should this be the case, the characterization “Hard to borrow” is added to such shares.
How do you Make Money Short-Selling Stocks
After you get the shares from a loan from your broker, you immediately sell them in the open market at the current market price.
Let’s say Company XYZ in our example is trading at $90.
Your account will immediately be credited for 100 multiplied by the current price of company XYZ stock ($90) so you get $9000.
Great for you.
Successful short selling of PDD Stock from $90 to $80 in 4 days
You will start making money as soon as the stock price of company XYZ stays below you shorting price of $90.
This is the illustration on the chart above with the stock going all the way to $80 in just 4 days.
How To Close your Short position on Webull
To close a short position, you need to buy the shares of company XYZ and return them to you broker who loaned them to you initially when you opened the position.
In our example, at the current price of $80, you will use $8000 from the $9000 you receive to buy 100 shares of XYZ in the open market.
Hence, you broker will get the 100 shares you borrowed.
You will also pay your broker interest for this short-term loan (it took 4 days on our graph for the stock to go from $90 to $80).
We will reveal in the next paragraph how much is the interest rate on that loan but you will stand to cash over $950 from this transaction.
How Much Money Can You Make shorting a stock?
Short selling is a bearish strategy as you can derive meaning that you make money when the price of the stock goes down.
The maximum amount you can make on a short sell of a stock is when /if that stock goes to $0.
Therefore, if we take our previous example, the maximum potential gain is $90 per share. This equates to the initial money in your account $9000 non withstanding the fees.
It is great when a trader short a stock and it all work out beautifully as depicted above.
However, the outcome is not always that rosy.
Can You lose money shorting stocks?
Yes, you can lose a great deal of money when you short a stock.
Why and how
If the stock starts going up instead of down, every dollar XYZ stock goes upby equates $100 of loss for you assuming you shorted the 100 shares.
You can decide to limit your losses by buying back at your predefined stop loss.
But often, short sellers tend to play mind games since time is often in their favor.
The rational is just to wait it out until the stock comes back down.
Should you decide to go with this method, you need to be aware of two things:
Every day that passes by you are paying interest on the borrowed shares
A short Squeeze may kick in anytime
What Is a Short Squeeze?
A short squeeze is when too many short sellers of a stock try to close their short positions at once.
This creates a buying frenzy of that stock and thus a rapid spike in its price that can last several days or weeks.
Such was the case in 2021 with stocks such as GME, AMC and the meme stocks frenzy that ensued.
My best recommendation is to respect your stoploss in order to avoid losing more money than you have in your account.
Yes, trading horror stories often come from short selling when a stock goes out of control.
GME stock (see chart below) went from $40 to $483 in just 7 days between January 20 20221 and January 28, 2021.
GME Short Squeeze from $43 to $483 in 7 days
GME managed to come back down after 3 weeks to 40’s again.
I do not know about you but what an emotional Rollo coaster for those involved in this trade during those 3 weeks.
When Should You short a Stock on Webull
Technical analysis is the most reliable source from trading.
May that be shorting stocks on buying them.
You can use reliable scanners and screeners to indicate when a stock is in a bearish pattern.
In order to short a stock on Webull, you will need a margin account that has a net value higher than $2,000.
Webull will then give you up to 4 times level on your current balance hence your buying power will become $10,000.
Short Positions on Webull are indicated by a minus sign “-” in front of the shares
What can you short with $10,000 ?
You cand short of to 100 shares of stocks that are worth up to $100.
100 shares of a stock XYZ worth $90 with qualify because that represent $9,000 which is much lower than your buying power= Net account +Margin.
Webull Short Selling Fees
You will pay for margin on a daily basis on Webull.
For long positions, Webull is kind enough to give us the daily interest rate = Borrowed Cash x Margin rate/360.
The margin rate varies as a function of how much money you borrow (leverage).
Here is the most recent table as a guide showing Margin rate between 3.99% and 6.99%.
Margin Loan in $USD
Annual Margin Rate
$0 to $25k
6.99%
$25k to $100k
6.49%
$100k to $250k
5.99%
$250k to $500k
5.49%
$500k to $1 Million
4.99%
$1Millin to $3 Million
4.49%
Over $3 Million
3.99%
How To Short Stocks on Webull?
On the Webull App, there is an indicator to let you know which stocks you can short sell.
QQQ is a Shortable stock on Webull with 50% leverage
In the image above, I circled the green arrow icon that lets you know if you can short a stock.
QQQ is a shortable stock with 50% leverage.
In case you are wondering, you cannot short GME or AMC stocks on Webull.
That is one issue I have with Webull. In their attempt to curb the risk for traders, any stock that displays the slightest increased volatility is removed from trading.
How to short the Market with an ETF
Several ETFs have inverse ETFs associated with them.
This means that when the main ETFs such as QQQ or SPY go up, their inverse SQQQ goes down and vice versa.
Consequently, a clever way to short the market with these ETFs in to buy their inverses.
How To Short Sell on Webull in 2022
Before you can cab short sell on Webull, you first must find shortable stocks.
Find Shortable stocks on Finviz
Use Finviz Powerful Screener to find Stocks to trade on the short side
Alternatives to Shorting Stocks on Webull
I show you how it is possible to lose more money than you have with the short sell strategy.
How about using options to mirror a bearish strategy?
If I am bearish on a stock, I would rather buy puts because the maximum I can lose should the position goes against me is my initial investment.
In the video below, I teach you how I take a very small, limited risk on Options on QQQ and make big profit consistently.
I could even argue that I can structure my bearish position with some hedge (calls) so that I am always in a great position to make money even if the bearish thesis is negated.
Check out how I trade Puts vs Calls in 2022 and beyond.
Is Webull Safe in 2022 ? Webull is one of the newest online brokers, founded in 2017 and debuted in May 2018 with just a mobile app. Stocks, ETFs, options, and cryptocurrencies are all available at Webull.
This smaller collection of assets aims the younger and more self-directed clients.
Meanwhile, the more conscious investors cannot help wondering :Is Webull Safe to Invest with in 2022 ?
Is Webull Safe | What Is Webull
Webull Financial LLC provides a commission-free electronic trading platform for stocks, exchange-traded funds, options, margins, and cryptocurrencies, accessible by mobile app and desktop computer.
Who Owns Webull?
Wang Anquan owns Webull’s parent business, Fumi Technology.
He controls roughly 35% of the organization.
Xiaomi ranks second with roughly 14 percent, followed by Noah Holdings Ltd. with around 9%.
So far, Anthony Denier’s ownership share has remained unknown.
How does Webull Make Money?
Webull is a FinTech startup that allows customers to trade financial commodities like stocks and exchange-traded funds (ETFs) without paying a fee.
Payments for order flow, short selling fees, subscription fees, interest paid on margin, and earnings gained by investing funds on balance are all ways that Webull generates money.
Webull does not charge any kind of commission.
But even no-commission platforms, must generate money in some way.
Here’s how Webull goes about it:
Payment for order flow
This is a contentious but frequent technique in which trading applications generate money. They do so by routing clients’ orders to high-speed traders.
Stock Loans
Some investors engage in a technique known as short-selling.
It involves betting on a company’s stock price falling.
Webull generates money by lending investors’ shares to short-sellers.
They then sell the borrowed shares to third-party investors in the hopes of repurchasing them at a lower price later.
Interest on Free Credit Balances
A free credit balance is the amount of money that a broker has to pay you on-demand.
This includes the money you deposit in an account or dividends.
Brokerages profit from the idle cash in your account by lending it to other parties.
They collect the interest on it.
Margin Interest
Users who have at least $2,000 may create a margin account.
It allows them to borrow money to purchase stocks.
Customers get more purchasing power, but they also take more risk.
The amount of the margin loan decides the margin rate.
Webull charges interest every month.
A debit amount of up to $25,000, for example, has an annual margin rate of 6.99%.
Webull Growing Popularity
Webull is touching new heights of popularity in the stock market.
The criticism against Robinhood Markets’ trading limits may be sending users to Webull Financial, one of the brokerage’s fastest-growing competitors.
New account signups were 1,548 % greater than the seven-day norm, according to the Chinese-owned brokerage.
The company’s trading app, which had a previous standing at 60th.
Hence, it is now the second-most popular free iPhone app in the United States, behind only Robinhood.
Google Trends Stats Worldwide Search
Before the year 2021, the Google trends for Webull were not so encouraging.
However, over the course of last 12 months, there has been amazing fluctuations particularly in the month of January.
We can expect the same in the January 2022.
So, let’s look forward to it.
Webull worldwide trends over the past 12 months
Google Trends stats USA
Similar to what we discussed for the worldwide trends, the Webull trends in the USA have been really promising.
We can hope to expect some bigger things in the coming year!
Webull trends 2021
Compare Webull Popularity to Nemesis Robinhood
Millions of users have flocked to Webull and Robinhood, two of the most popular investing apps, for their ability to swiftly trade and monitor stocks, options, and cryptocurrencies.
In several critical areas, Webull compares well with Robinhood, if not outperforms it.
Moreover, Webull provides helpful charts, better customer assistance, and still gets the job with no fees.
Looking at the Google trends Search for the two millennials trading platforms, Robinhood is 6 to 7 times more popular that Webull as depicted on the chart below.
Webull vs Robinhood Web Searches by Google Trends
Robinhood is fantastic for no-cost trading, an innovative mobile app, and fractional shares, whereas Robinhood is great for no-cost trading, a slick mobile app, and fractional shares.
Although the cryptocurrency market is open 24 hours a day.
Webull’s extended hours trading function allows users to trade conventional assets such as stocks and ETFs from 4 a.m. to 9:30 a.m. or 4 p.m. to 8 p.m.
The stock market’s typical hours are 9:30 a.m. to 4 p.m. Eastern Time.
This feature is making Webull more popular than Robinhood.
Is Webull a Legit Trading Platform
All of the key financial regulators regard Webull to be a legit trading platform.
In general, any brokerage’s safety may be determined by the level of protection you have as an investor and the broker’s history. And on these counts, Webull is unmistakable.
Is it Safe to give Webull your SSN?
When you are creating your Webull account for the first time, you will be asked your physical residence.
Then short after, you will be required to provide your Social Security Number (SSN).
Many people are surprised by this request and feel quite uncomfortable.
Giving your SSN to a trading platform is a requirement because Webull like many other trading platforms must reports your earnings at the end of the year to the Internal Revenue Service.
The SSN collected that Webull collects are part of a huge data base of personal information.
This information needs to be secured enough to avoid any breach on people personal info.
How is Webull Regulated in the USA?
Webull is a licensed broker-dealer with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).
The SIPC, since 1970, is a non-profit, nationally required, and member-funded organization that has guaranteed funds placed with US-registered brokerages.
The Securities and Exchange Commission (SEC) of the United States has launched its official website to safeguard investors and ensure fair, orderly, and efficient markets by preventing fraud, manipulation, excessive speculation, and insider trading.
However, Webull customers may invest in over 5,000 US-listed stocks, ETFs, and other assets without paying a fee.
Investors may use the app to access trading services encompassing market data from over 100 exchanges in 90 countries.
Everything is there: stocks, bonds, commodities, foreign exchange, options trading, and cryptocurrencies.
Webull Regulations in other countries?
In the USA, the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulate Webull.
However, outside the USA i.e. in China and Hong Kong, Hong Kong Securities and Futures Commissions (SFC) are undertaking its regulation.
Which other countries have access to the platform today?
At present, other than the USA there are very few countries in the world that have access to Webull.
These few countries are China and Hong Kong, Korea, India, Japan, Malaysia, Turkey, Brazil, and The Philippines.
So, it is very clear that Webull operates in different countries in the world, and it may become operational in some other countries also.
How do different regulators control Webull?
Webull is regulated by federal securities regulations that guarantee that all investors are treated fairly. The SEC zealously enforces all federal securities laws and holds everyone responsible for any violation.
On the other hand, FINRA’s purpose also includes investor protection.
As a government-authorized non-profit, they protect the integrity of the financial markets by monitoring all brokerage firms in the United States.
However, every business that distributes securities products and the securities of their advertising is licensed and tested by FINRA. FINRA analyzes billions of market events every day.
Is Webull Secure Enough to Invest with?
When choosing an online trading platform, look into what financial authorities control the site to ensure its reputation.
As you can see, many top-tier organizations are behind the regulation of Webull.
This guarantees that it complies with all US, UK, and international laws ensuring the protection of investors.
Webull is Reliable
How are stock investors protected?
Webull is a member of the SIPC – Securities Investor Protection Corporation.
It means that clients have a cover-up of $500,000 ($250,000 in cash) if the brokerage goes out of business. It is also relevant in the case of loss of assets.
The brokerage’s clearing business, Apex Clearing, has extra insurance coverage that covers securities and cashes up to a total amount of $150 million.
This is subject to maximum restrictions of $37.5 million in securities and $900,000 in cash for each client.
However, bear in mind that this coverage won’t prevent you from just losing money in the market, which is why investing sensibly is so crucial.
How are Crypto investors protected?
An account with Apex Crypto is a must-have to trade cryptocurrencies. Apex Crypto is not a broker-dealer that has the registration with the SEC.
It handles Webull’s crypto trading and custody.
Moreover, Apex Crypto performs the transaction and maintains the coin money when you purchase a cryptocurrency on Webull.
While Apex Crypto seems to offer secure crypto storage, there are a few points to keep in mind:
Its bitcoin assets are not covered by insurance.
Its risk statement states that in the case of technical issues, it may not have enough financial coverage to compensate for bitcoin losses.
What Can You Do to Keep Your Webull Account Safe
While Webull does its part in keeping your account and personal information protected, you can help as well by following the safety tips below:
Here are a few tips:
• Ignore suspicious calls, texts or emails that request personal information or payment. Webull will never ask you for your passwords and will never call you to seek personal information.
• Ignore and report any calls, texts or emails that ask you to transfer money. Webull will never request that you wire money to any Webull account.
• Be sure you know who an email or text message is from before you click on a link or open an attachment. Hover over links to reveal the website’s URL and see where the link really goes. Do not click on links that don’t match the sender or don’t match what you expect to see.
• Pay close attention to the email address and sender’s name, which may be off by just a character or two if it’s a phishing attempt. Webull will only contact you from verified Webull domains: Webull.com or Webull-us.com. Other domains, like webullxa.com, are fraudulent and you should not engage with them.
• Be careful of suspicious calls, texts or emails that imply a sense of urgency or ask you to act quickly.
• Only download apps from legitimate app stores (like the Apple App Store, Google Play App Store).
• Enable two-factor authorization and review your trusted devices in order to protect access to your account.
• More information is also available at https://www.consumer.ftc.gov/articles/how-recognize-and-avoid-phishing-scams
What Do Users Say About Webull?
Webull is ideal for the trader or aggressive investor who does not want assistance.
It also appeals to individuals who wish to trade since there are no additional expenses.
There is no account minimum, competitive margin rates, and zero fees on stocks, ETFs, options, and cryptocurrencies.
Is Webull trusted by Investors?
Since its inception in 2017, Webull has seen consistent development.
Not only has it survived the COVID-19-facilitated 2020 crisis, but it has also managed to grow its service offering during that period.
Webull has allowed its traders to utilize cryptocurrencies as trading instruments from the end of November 2020.
Who is Webull Target demographic?
Webull’s most significant target demographic, millennials, were reflected in the mobile-first launch.
Webull serves the newer and more active traders.
In addition, Webull welcomes people who take interest in a platform that offers a wide variety of free services, such as no account minimums, commission-free stock/ETF, and options trading and numerous cryptocurrencies.
Moreover, customers of Webull receive a lot of bang for their buck: a beautiful platform with a lot of valuable tools and features, as well as attractive profit rates.
Is Webull Really Free?
Webull does not charge commissions on any transactions, including the purchase and sale of cryptocurrencies such as Bitcoin and the trading of options.
Robinhood popularized commission-free trading, which is now the industry standard, even among major brokerages like Charles Schwab and Fidelity.
According to Webull’s website, regulatory bodies like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) may still charge extremely tiny fees, such as $0.02 per transaction.
Is Webull Good For Beginners?
Webull is an excellent broker for newcomers.
First and foremost, their online platform is ideal for any newcomer, as it offers a wide range of order types, good customizability (workspace, charts), and is ultimately user-friendly.
Also, with two-step authentication, the Webull mobile platform is secure.
However, many newbies to trading are afraid of expenses, so the no-fee for options, ETFs, and equities is a massive plus for them.
A simple account registration procedure is another reason why this platform is a good location for new traders to start.
There is no minimum deposit, you can enjoy Webull Instant Deposit and everything is entirely digital and very quick.
FINAL THOUGHTS
This article provided arguments to answer the question : Is Webull Safe for new investors in 2022?
Depending on your investment type, you can feel secure to invest with Webull as many regulations are in place to protect your money.
As for cryptocurrencies product, Webull current clearing firm Apex Crypto does not provide the security to the many traders who embark in this new endeavor.
Until time will tell how people will feel about that part of Webull not knowing what may happen t their money should some awry happens down the road.
Congratulations, you just created your Webull trading account.
But Before you can place your first trading order for that stock or crypto (Shiba inu I guess ?),
you will need first to add money to your Webull account.
This easy simple tutorial will guide you step by step with the process of How to Add Money to your new Webull account.
How To Add Funds to Webull
In order to start trading on Webull for the first time, you will need to deposit funds into your account.
That process is described below and can be done from your Mobile app.
Step 1. Click on the Center icon from your main screen as shown below.
How To Access the Transfer Page on Webull App
Step 2. Select the “Transfers” Menu on the Top on the Right of Orders
On the Transfer page, you will be given the choice to enter your brand new bank account you want to link to your Webull account.
You cannot use credit cards to Fund your Webull account.
Neither can you use pre-paid cards, PayPal or other types of bank accounts at this time.
You will need a checking account to your name.
This is very important because for your first time establishing this bank account on Webull, you will need to verify your ownership of the bank account.
Webull First Time Deposit verification
This can be done in real-time verification or with micro-deposit of $1 .
The second method takes 1 or 2 business days so the real-time verification process is much better.
Webull recently introduced the option to deposit money to your Webull account by wire transfer.
However, given the paperwork associated with it, you will be very likely to make a mistake so I do not recommend it at all unless you absolutely do not have any other choice.
How Much Can you Deposit on Webull Daily?
Your daily maximum deposit from your bank account to your Webull account is fixed to $50,0000.
The verification process described above is in effect for the first time only.
Therefore, for all your subsequent deposit to Webull account, the process is much easier.
How Long Do Webull Deposits Take ?
After you have followed the steps to deposit funds into your Webull account, the Webull team will send you an acknowledgment email that looks like this one below.
Webull Deposit Confirmation Email
This Email will confirm how much money you requested to transfer to your Webull account .
More importantly, you will be advised of the time it takes for your transaction to process.
It takes up to 5 business days. Yikes !
But does that mean that you have to wait until the transaction ahs cleared to start trading on your webull account ?
Can you Trade on Webull Account Before Your Transfer is Completed ?
You guessed it, you do not have to wait until the full transaction between Webull clearing house and your bank settle the funds
The very next business day or on the same day (if you initiated the funding request before 4pm EST) ,Webull is kind enough to grant you Instant buying Power.
The amount is usually a fraction of the money you are transferring from your bank to Webull trading account.
In the example above, $100 was credited s instant buying power before the funds were settled.
While your deposit is still in transit, you have the possibility should you change your mind to cancel your deposit to Webull.
I have not tried this before to tell you how effective this process is but I know that the option is there for you just in case.
Below is the screen capture showcasing how to cancel a Webull deposit while still in transit within five business after initiation.
How To Cancel Webull Deposit (In Transit)
Risks To Deposit Money to Webull
Because Webull provide you with trading capital before your funds are fully transferred to your trading account, there are some risks you need to be aware of.
In the event that your bank account does not have enough money to satisfy the amount of funds you requested, you will be charged a $5 reversal fee by Webull clearing firm.
You may run into this issue if your banks has a limitations on the number of ACH transactions per month.
Please check with your bank to ensure that you are authorized a sufficient number of ACH transfers each month.
$5 Reversal Fee For Insufficient balance
An even worse scenario could be the one where you start trading with Webull Instant buying Power.
Then you lose some of or all of that money and your transfer never settle because of an issue as mentioned above with your financial institution.
Webull will come after you for that money and can even close your account.
You maybe thinking that $5 is not a big deal and you are probably right.
However, may I remind you that you can buy 10,000 Shiba inu coin with $5 !
How To Withdraw Money From Webull Account
Just below the Deposit icon inside the Transfer page of the Webull App, you will find the Withdraw options.
Webull will always tell you right there how much you can withdraw.
all you have to do is to click on Withdraw and enter how much of your available withdrawable balance you want to transfer to your bank.
Notice that it has to be the same bank you linked to your Webull account when you initially setup at the start of this process.
Withdraw Option on Webull
Alternatives To Deposit on Webull
It is always good to have a backup trading account.
Chances are your main trading platform can encounter an outage one of these days.
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Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …
If you are new to stocks or options trading, reading stock charts is one of the most intimidating skills to master. Hopefully, Webull platform introduces very intuitive stock charts. This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account. How To Read Webull Charts | Webull Charts Overview Whether you are using the Webull App or its desktop version, setting up …
The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use the Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …
Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the training course offered on the App version of Webull, take …
So you just signed up for Webull and downloaded the App on your Mobile Device.
You are eager to start making trading on Webull.
But before you do so, you need to learn how to use Webull App for beginner traders or investors.
This step by step tutorial will guide you through all the initial steps so that you can graduate from a rookie Webull beginner to a confident trader who is about to take their account balance to the NExt Level.
Webull App For Beginners | Setting It Up
Before one can walk ( on the moon – smile if you got the reference) , one must learn how to crawl.
In our context, this equates to going through the baby steps of the Webull App.
One such initial endeavor is to choose the market(s) you want to trade on the Webull mobile App.
How To Choose Markets To Trade on Webull App
Webull App currently offers trading in several markets across the globe.
If yours is not available, it is just a matter of time before you are able to enjoy trading on this App.
The United States, Canada, Singapore, Finland, Hong Kong are the main markets you can choose from as shown below.
The Menu to setup your markets look as shown below.
How To Access more markets in Webull App
From there, you can click on the icon on the far right with the horizontal line to unveil further market you can select as displayed below.
Webull Full List of Markets
Market Analysis Using ETFs
A good place to start to get a feel about your overall market is through the ETFs offered in that market.
What Are ETFs ?
ETFS are Exchange Traded Fund that track basket of stocks in a given market.
For instance, in the US markets two very popular such ETFs are SPY (entire 11 sectors of the markets) and QQQ (technology company).
They are heavily traded by most investors and short term traders alike.
To avoid any potential confusion, let’s me clarify that S&P500 is the the same as SPY ETF while QQQ tracks exactly as the NASDAQ.
To access the list of big moving for for each ETF, Click on the ETF, then the chart and select Peers.
The first screen looks as the one below:
Major US ETFs | Down Jones, S&P 500 and NASDAQ
Then after clicking on the chart above the listed three ETFs, you will see the Top moving stocks for your selected ETFs.
In the view below, I selected the S&P 500 for illustration purpose.
S&P500 Top Movers for Nov 2
How To Select Stocks On Webull App
There are over 8000 stocks to trade from in the US markets.
This number does not even take into account the booming Cryptocurrencies.
Therefore, it is a real challenge for beginners to find out which stocks they should be trading.
Where To Find Stock To Trade On Webull App ?
Hopefully, Webull app makes it a little bit easier to navigate by creating the following 3 categories.
1. Top Gainers
2. Top Losers
3. Most Active
You can sort the most active stocks by volume, %Turnover and %Range.
The default view below is by volume with the pre-market % Change below the price.
Webull Most Active Stocks Screener by Volume
How To Build Watchlist On Webull App ?
Creating a watchlist for Stocks may be straightforward for most traders.
However, if you find yourself looking for a good way to track options on a watchlist, then the following short step by step video will help you do just that.
Is Webull Popular Stocks a Trading Strategy ?
Trading and investing is becoming more and more like a social experiment.
Webull and other stocks media platforms are offering traders and investors alike the leverage to finf out what other like minded people are thinking and doing on specific stocks.
What is Webull popular ranking ?
I can understand the value provided by stocks popularity rankings especially for beginner traders.
The market can be quite confusing as first asking when you are trying to get yourself situated.
It is much easier and comfortable to follow the crowd.
According to Webull platform, these rankings are updated evey10 minutes taking into account the following variables: number of comments, posts and views.
How To Access Webull Popularity Ranking
Webull is quick to add that the ranking do not constitute a form of investment advice and it should not be used as a basis for an investment decision.
So what is it for then ??
Anyways, here is how you get to the Webull ranking.
On the page of any stock, click on the “comments” menu to get the view below.
Webull Top Ranked Stocks as of October 31 2021 – 2pm PST
Can you Use Webull Popularity As an Edge in your Trading ?
At the time of the writing of this article, #SHIBUSD is the Top ranked stocks on Webull followed by #DOGEUSDand # BATUSD.
This makes sense given that the market is closed on this Halloween day while Crypto markets worldwide are open.
On a regular’s trading day Monday through Friday, this Webull Top ranked is will provide you with the most watched or traded stocks.
Typically, if a stocks is moving, it is certain to be followed by a great deal of trader and thus its ranking is bound to trend.
Should you and I consider such stock or instrument as a trading edge ?
I put it to the test last week for you and traded CEI bullishly as it was breaking above $2.
Well, my friends that stock violently reversed and put and end to my short experiemnt.
Granted, I could have made a decent return trading puts options on it.
However, this is not part of a strategy I have tested and believed I can consistently get an edge in this market.
Buying full shares on Webull is easier than buying fractional shares.
The order ticket will guide you through this simple process by selecting one of the 4 available order types we are describing below.
How To Automate your Trade on Webull App ?
There are 4 Order Types you can use to trade shares of stocks in Webull.
Limit Order
Market Order
Stop Loss Order
Stop Limit Order
Many traders often get confused with the Limit order.
Simply, it means that you are deciding a fixed limit price you are willing to pay for the stock.
You are willing to pay as much as that Limit, let’s say $10.
If the market price is 9.98, then you can get filled for lower than your Limit price.
If the on-going market price is higher than you Limit order of $10, then you will not get a fill.
Buying Fractional Shares on Webull App
Many stocks are very expensive nowadays.
Hopefully, fractional shares make it possible to buy a small piece of a whole shares.
Imagine that you can be owner of a slice of AMZN stock even with just the price of a movie ticket.
Our full Tutorial on Webull Fractional Shares is available to further scrutinize this investing milestone.
Below is the Full video to show you how you can purchase fractional shares on Webull App.
Trading Options On Webull
I do not use Webull as my primary platform for options trading .
Should you decide to go this direction, I am providing the full review on this blog post titled : How To Trade Options on Webull
In fact, I have this ecosystem of Webull knowledge I strong encourage any beginner trader to indulge on so that you may be closer to mastering the steps of becoming a successful options trader.
Shiba inu coin is the latest crypto currency to take the investing world to the next level.
In this tutorial, I will show you how you can easily buy Shiba inu coin on Webull.
Plus, I have a free Shiba Excel Calculator you can download to help you manage your investing in Shiba crypto.
Can You Buy Shiba inu Coin On Webull ?
Webull offers traders and investors to buy crypto on their trading paltform.
In fact, you do not even need a ton of money to get started in investing in crypto on Webull.
With as little as $1, you can become owner of shares or cons of you favorite crypto today.
Which Crypto Coins Can you Buy on Webull
As of this writing, Webull offers you 15 different Coins you can trade.
These range from Bitcoin (BTCUSD) , Dodge, Ethereum , Shiba inu (SHIBUUSD) , Dash, Litecoin just to name a few.
Available Crypto Coins tradable on Webull
Is Trading Shiba inu Coin on Webull Safe?
Webull warns every investor in crypto that the clearing firm the used called Apex Crypto is NOT FDIC insured therefore you must understand the risk in this investment.
Nevertheless, should you decide to assume the risk, let’s introduce a simple Shiba inu coin calculator you will need to buy Shiba coins.
Buy Shiba Coin on Webull Using My Free Calculator
I introduced this free calculator to help you determine how many Shina coins you can afford with your budget.
You simply enter the Dollar amount you want to invest and my Excel spreadsheet gives you how may coins you will get with that money.
Otherwise, you will have to guess every time how many coins to enter on your order form.
Here is what it looks like:
Easy Shiba inu Coin Excel Calculator to Buy Shiba on Webull
The chart on the right hand side of the Shiba inu coin calculator gives you a quick answer to the question : How many Shiba inu coins can you buy for different investment amounts.
For instance, we can quickly glance that with $5, you can buy over 70000 coins of Shiba inu coins.
Watch Me Buy Shiba inu Coin On Webull Live
I recorded a Live purchase of Shiba inu Coin on Webull today.
Here is the full video for you to follow Along.
When on the Webull order Ticket for Crypto, the ticket has a button with a percentage of your buying power.
Let’s say to have $100 of buying power on your Webul laccount.
If you want to buy Shiba inu coin, you can slide the cursor to signify that you want t ouse 10% of your buying Power for this transaction.
10% of $100 is $10 and therefore you will expect using the above Shiba inu Excel calculator to buy over 140,000 coins of Shiba.
How Much Is a Shiba inu Coin ?
To help you up to the minute Live quotes on the the price of Shiba inu, here is a Live Chart you can come to and follow along regularly.
This daily chart of Shiba inu auto update and you can follow the technical indicators for Shiba inu right on it.
The price of Shiba inu coin which you can track from our above auto updatable chart is so attractive compared to any potential upside, it is a no brainer of an investment.
You can start with as little as $1.
The Excitement of it is that you will quick hold millions of Shiba inu coins with just a few hundred dollars.
Paper Trading Options is a great Way to build confidence in your strategies.
Either you are a beginner options trader or a veteran who is testing to validate a brand-new trading strategy,
You will need to learn how to paper trade Options before going Live with real money.
In this discussion, we will show you the best place to Paper trade Options as an alternative to Webull.
Can you Paper Trade Options on Webull?
Webull recently introduced the Beta version of Options Paper trading on the Webull App.
This means that for the time being, you will not be able to paper trade options on the Webull Desktop platform.
I know how of an inconvenience this may be for some traders but given that the majority of users really use their Mobile devices nowadays to trade, the impact should not be that bad.
The Webull Options Paper Trading Account comes with a nice feature which enables you the trader the reset the account to any amount you would like as depicted on my step-by-step video below.
Why Is Paper Trading Options So Important?
The first reason you should paper trade options as an experienced traders is to test and validate brand new trading strategies.
With the goal to see how effective a specific trading methodology is – traders can avoid loss of time and time while pursuing a new way to make money trading options.
The second reason to paper trade options is for beginner traders to build their confidence even on already proven options strategies.
Recently, a new trader joined our Discord room and started learning about out our 10-Baggers trading System.
My advice to her was to spend a few weeks at least getting familiar with the ordering process and the nuances of trading options.
We agreed that she would be doing so without risking really money.
Trader in Our Discord Room made over $400 Day Trading BABA Options after Paper Account Trading Boost
Therefore, she started Paper trading options with Successultradings.com 10-Baggers Trading system.
She traded #AFRM options on her paper account for so much profit that the next day, she decided to trade with really money.
Just to give you an idea about our system, here are the last few weeks summary results.
Great confidence in the strategy led this trader to make over $500 the very next day on BABA and #AFRM on her live account
Just like this trader, you can easily emulate our successful trading strategies first on Paper trading account which Webull does not provide for options but from the alternatives to Webull Options Paper Trading below.
Webull Paper Trading Options is Only on Webull app
Some traders are not yet able to access the beta version of Webull paper trading.
Here are the steps to contact Webull for options paper trading and other inquiries:
Goto Help Center
If your question is not listed as shown below, click on Contact us
A New Window will come up where you can type you message
How To Contact Webull for Paper Trading Options
Alternative # 1 To Paper Trading Options on Webull
The easiest options Trading Paper account you can start today is E*Trade.
It comes with $100000 for Paper trading Options and stocks.
You will be able to reset it anytime for an unlimited funding so that you can practice and refine your options trading strategies.
How to Paper Trade Options On E*TRADE
A trader recently on my Discord channel asked me if I could recommend him a good paper trading options platform.
Without hesitation, I said: sure, E*TRADE is the best place for that.
Then he said to me, but it is not realistic because he would not start with that much money in his real trading account.
Eventually, I got to explain to the trader that the amount of money provided by the paper trading account does not matter that much.
His focus and yours should be on mastering the skills of options trading within the paper options trading account.
How to Launch Options Paper Trading on ETRADE
Power ETRADE Paper Trading Contact
Once you create an options trading account on ETRADE, it automatically comes with your paper trading for stock and options.
The above screen shows how you will launch the Options paper trading account on Power ETRADE.
For that first that, you will have to activate it and that is it.
In case you need Power ETRADE Paper trading contact, customer service is available 7 days a week 24 hours per day.
You can either chat Live or be super patient to reach Power contact though one of the numbers below.
Call ETRADE 24/7
Employee Stock plans
Regular Mail
Overnight Mail
1-800-ETRADE-1 (1-800-387-2331)
1-800-838-0908
E*TRADE Securities LLC PO Box 484 Jersey City, NJ 07303-0484
E*TRADE Securities LLC Harborside 2 200 Hudson Street, Suite 501 Jersey City, NJ 07311
From outside the U.S. +1 678 624 6210
From outside the U.S. + 1 650-599-0125 12:00 a.m. Monday – 11:59 p.m. Friday ET
Power ETRADE Customer Service including Paper Trading Contact
Advantages of Paper Trading Options on Power ETRADE
In the case of ETRADE, both the real account and the paper trading one are exactly the same.
Better yet, the watchlist you create in your real account are also visible on the paper trading account.
Here is my Full tutorial on how to Trade Options on E*TRADE from your Paper account.
Lessons From Paper Options Trading on E*Trade
As an options trader beginner, there are some basic skills you will get out of paper trading options.
The main one is really the confidence of doing something new.
Then, the practical aspect of entering your trades: where should you click to buy calls and puts.
Webull App and Desktop provide a stock screener to help traders find suitable stocks. From long term investing through swing trading and stock or options day trading, Webull stock screener is well positioned to help you take your trading to the next level. Webull Stock Screener on Mobile App One of the biggest challenge aspiring and veteran traders share with me in my Discord room is how to pick stock to trade. Often, I discover that a lack of a …
Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …
If you are new to stocks or options trading, reading stock charts is one of the most intimidating skills to master. Hopefully, Webull platform introduces very intuitive stock charts. This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account. How To Read Webull Charts | Webull Charts Overview Whether you are using the Webull App or its desktop version, setting up …
The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use the Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …
Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the training course offered on the App version of Webull, take …
Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers.
In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level.
What IsLevel 2 Data On Webull ?
Level 2 market data in trading is a view of buyers and sellers intend through their respective orders.
It provides the depth of how many shares traders are buying and selling as well as their corresponding prices.
This means that if you are able to correctly read Level data, then you can infer the direction of the trade on any stock, commodity or instrument you are trading.
Therefore, you can turn this Webull Level 2 market data into an edge since it provides you an advice view of price levels.
How To Get Webull Level 2 Market Data
Webull Level2 market data features Level2 Advance, a premium data feed from Nasdaq Total View.
The easiest way to get the Webull Level 2 Subscription is to go to “Help Center”.
Then you click on “Subscribe to Level” as shown on the Screen below.
How To Subscribe to Webull Level 2 From the Help Center
2. The following screen shows up and you can Choose Level 2 Subscription at the bottom of the page.
Difference between Level 1 and Level 2 Market Data on Webull
Level 2 market data from Webull provides further in-depth view of orders.
Up to 30 bid and ask prices are used to generate orders distribution chart we will be dissecting in the next section.
How Much Does Webull Level 2 Cost ?
If you are a new trader on Webull, there is a 3-month free access to Webull Level 2 Advanced market data.
After which, your monthly recurring cost for Webull Level 2 will be $2.95.
I really think this extra Webull Level2 cost is worth the price for traders who want to get an edge in their trading.
For the price of this Webull Level 2 information, it is a no-brainer that each trader must have.
I know of other trading platforms where you cannot get to have access to this feature.
Therefore, my recommendation is to ignore the Webull Level 2 cost as you will make it up and then some with your first winning trade.
What To Look For In Webull Level 2 Data
Webull representation of Level data is meant to further help traders compared to other providers.
Let’s break down the different insights you need to look for when studying Webull Level 2 market data.
Buyers vs Sellers Orders Volume on Webull Level 2
The originality of Webull Level 2 Advance market data is from the Top chart of the orders Level.
It looks as shown in the image below.
QQQ Level 2 Market Data on Webull | October 6 2021 Pre-Market
On the right hand side in red, the sellers orders (30 orders are used to summaries this view) volume is what is represented on the vertical axis.
The horizontal axis describes the price of the stock, in this case, QQQ was trading at $352.06.
The left hand side column captures the volume of all buying orders.
In the above view, the red shaded area (volume of selling orders) is much higher than the left green area.
This means that there is more selling volume that buying volume.
Therefore, the current momentum in bearish.
Price for QQQ is then expected to slide lower to the left should the bearish momentum continues.
This graphical representation of Level 2 Market data on Webull is dynamic as buyers and sellers orders come in.
As an example, later on, I capture this similar view when buyers took control and the price moved up from $352 to $353.6.
Buyers in Control on QQQ Level 2 Market Data from Webull
Dynamic of Webull Level 2 Market Data
Unlike Level 1 where you can only see the best Bid and Ask prices and the corresponding shares, Level 2 Advance on Webull provides a deeper view of the market.
What I like to pay attention is the dynamic movement of the orders.
Typically, when there is a strong momentum on either side (buying pressure or selling pressure), the chart updates very quickly.
This is a sign for traders to know that the stock or instrument they are trading is attracting a great deal of traders.
Thus, we can expect bigger moves compared to a stock where the movement of the orders is not as rapid.
Here is short video depicting this phenomenon on QQQ towards the closing.
How Many Orders Can You See on Webull Level 2 Market Data
We know that Webull Level 2 Advance orders are ranked 1 through 30.
How many a trader need to display is a matter of personal preference.
I personally prefer to show only the first 10 orders on the Webull Level 2 view below as you saw in the video.
Webull Level 2 gives you the choice to decide how much depth of the order book to display.
How To Change The Number of Orders displayed on Webull Level 2
Here is how you can modify how many orders on both sides as depicted on the above image.
Click on the blue number to the right of shares – current numbers of orders
A Small window popup that offers multiple choices menu: 1, 3, 5, 10, 20 and 30
Select one of the 6 choices above – I Always Use 10
How To Spot a Bullish Momentum on Webull Level 2
Whenever I am analyzing Webull Level 2 Advance market data on a stock I would Like to trade on the bullish side, my focus is on the bottom right hand side.
So a bullish momentum with great strength is confirmed when order number 9 and 10 start flashing higher and higher prices.
This means that the Ask prices are getting accepted and the stock is likely to sustain a great buying pressure.
In this scenario, the left hand slope (green line volume) needs to be higher than the red line slope as depicted on the second image above for QQQ.
How to Recognize Bearish Momentum On Webull Level 2
For the bearish momentum or selling pressure, the slope of the red line must be above the slope of the green line.
Such is the case on the first image.
Now, using the same technique as above, I am looking at orders 9 and 10 and need to see lower prices flashing in there.
Then we can anticipate that the price is likely to reach those lower prices should the selling pressure continue.
Orders 9 and 10 Help Anticipate Future Price Levels
It also must be noted that the higher the size of the shares at this lower prices the more conviction is in the bearish momentum.
Last but not least, in both the bullish and bearish momentum, the range difference between Order # 1 and the bottom orders 9 and 10 is also forthtelling of the amplitude of the move.
How To Use Webull Level 2 Market Data In Options Trading
Since I mostly trade options through our proven 10-Baggers Trading System, I usually find myself scrutinizing Level 2 to help determine of I need to scale into a position further.
Let’s say I am trading Calls/Puts on QQQ or SPY in the middle of the Expiration day , Level 2 market data on Webull can quickly help me confirm whether I should buy more contracts in that winning direction.
Webull calls its Level 2 market Data Level 2 Advanced and deserves this appellation.
You will be able to get great insights in tot he depth of the orders for any instrument you are trading.
This feature is of a great help in opening a position or providing a confirmation to further scale into an already existing position.
IF you are serious about taking you trading to the next level, I can coach you master technical analysis like Level 2 breakdown we described in this article. Click on the Link below to get started Today.
If you are new to stocks or options trading, reading stock charts is one of the most intimidating skills to master.
Hopefully, Webull platform introduces very intuitive stock charts.
This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account.
How To Read Webull Charts | Webull Charts Overview
Whether you are using the Webull App or its desktop version, setting up the Webull charts for stock analysis follows the same steps.
The main difference is that on the mobile App, you will have the luxury to choose between advanced Webull chart and simplified chart.
The simplified chart as its name suggest provides less indicators than the advanced ones.
I am of the mindset to keep the number of indicators quite small on a stock chart.
The reason is because many beginner traders get distracted quite easily with too many indicators.
Despite this approach, I often see many traders confused with my charts on Tradingview which only show a handful of indicators.
How To Access the Webull Chart Setting on the App
In the new Webull App interface, after you select a stock, the first icon on left of the stock chart.
The view below may be different for you the first time if you have not set up your Webull chart settings yet.
How to Access Webull App Settings
On the bottom right-hand side of the above view, click on the tiny chart icon.
This will take you to a menu similar to the one below.
The displays is the chart Toolbox with multiple menus we will be using later on.
Webull Chart Toolbox
How To Setup Your Webull Charts
Next step is to click on settings to gain access to the chart settings.
On this page, you will be able to easily and quickly select different items.
The first of which is advanced vs simplified chart we introduced earlier.
I am always using the advanced Webull chart.
Chart Settings Menu on Webull App
The main items to choose from the menu are as follows:
Indicators on Main chart: I have this one turned on so that i can see detail about any stock on the main chart
Sub-Charts: You can determine if you want sub-chart to match the main chart on the full screen
Chart Height: I selected High because most stocks in 2021 are going up and down
Including Extended Hours: I am hiding this one because a simple quote reading is enough for me in pre-market.
Corporate Actions Display: By selecting this, you will be able to see indicators on your charts about Dividends, splits and Earnings.
Keep Drawings on all Time Frames: you will have the ability to draw on your charts no matter the selection of timeframe
Candle Style: I always use solid candles in all my charts. The other choice is hollow candles if you would like to try them.
Below is a view of the difference between the hollow candles and the solid candles.
Hollow Candles vs Solid Candles on Webull Charts
Webull Technical Indicators
If you are into technical analysis, Webull App technical indicators will not disappoint you.
On the contrary, Webull bring a slew of fancy indicators to technical analysis lovers on its main chart as well as on the Sub chart.
Just in case you may be new to stocks charts reading, the main chart is the one with the candlesticks usually on top while the sub charts are below it with key indicators.
Lets explore what is available in each category.
Webull Main Chart Indicators
On my main chart, I like to keep three main indicators.
These are the Exponential Moving Averages or EMA, the Bollinger Bands and the Volume Weighted Average price also known as VWAP.
Webull Main Chart vs Sub Chart Technical Indicators
I know you may have seen other traders use the Simple Moving Averages.
The difference between the two is that the Exponential Moving Average reduce the lag of this indicator by giving more weighting to the most recent prices.
For instance, if we are calculating EMA8, the last 3 candles have more importance than the first five.
A good analogy I like to use when teaching traders is that if you want to know your future, the most recent history (let’s say 3 years or 3 months or 3 days) is more telling than what you did many years ago.
Setting Up Moving Averages on Webull Charts
In order to setup your moving averages, just enter the number of periods for each either manually or using the slider as shown above.
Then select your desired color for each.
I like using yellow for my EMA8 and green for my EMA20 in case you were wondering.
Related Video : How Long It Takes To Make 1000% Option Trading Our Gang$Ta Strategy
Why I Use EMA8 and EMA20 on my Webull Chart
I set up all my charts with 2 EMAS: EMA8 and EMA20 meaning the 8-period (understand candles) and 20-period.
This is true regardless of the timeframe at which I am studying the chart.
The reason for this because it helps me identify momentum changes quite easily.
You see the EMA8 is the recent momentum while the EMA20 is the older momentum.
Therefore, the EMA8 direction is always telling me what the immediate future may be.
Hence, when the EMA8 crosses the EMA20 in either the bullish or bearish direction, there is a strong conviction in that direction.
Consequently, we can then trade that direction with great confidence.
Crossover of EMA8 above and below EMA20 on PINS Daily Chart
In the above PINS daily chart, I highlighted 5 recent occurrences of EMA8 crossover of EMA20.
Three of such instances were bullish (EMA8 crossing above EMA20) and two were bearish (EMA8 crossing below EMA20).
Should you be wondering how often this happens, the answer is more often that you may think.
This strategy of EMA8 is known as the cross of death (bearish scenario) or the golden cross (bullish scenario).
You can use this in your day trading as well on lower timeframes.
I use the 15 minutes timeframes for day trading.
The only difference is that stocks will tend to have multiple directions throughout an intraday thus several of these crossovers may be false positives.
Here is a nice homework for you.
Please use the Live dynamic chart below to study any stock of your liking and try to identify how many crossovers of EMA8 an EMA20 you could have capitalized on using your new learned trading strategy.
Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors. A week later, we now can officially trade Fractional shares on the Webull App trading platform. This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull. What Is Fractional Shares Trading A fractional share is less than a whole share of a stock. That is a partial …
QQQ Options recently introduced daily Options just like its SPY counterpart. The prospect of being able to trade cheaper options contract on QQQ ETFs should excite many day traders. In this Day trading Tutorial, we will share our step-by-step strategies on how we can now day trade QQQ Options for big profit. Ticker Tape by TradingView How To Trade QQQ Options | What is QQQ ETF QQQ is an Exchange Traded Fund (ETF) launched by Invesco on March 10 1999. …
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The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use the Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …
Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the training course offered on the App version of Webull, take …
Displaying multiple layers on the charts is a very nice convenience to avoid going back and forth to look for needed information.
To do so, simply select from the view below which layers you would like to see and hide the ones you rather not have on your chart.
Webull Charts Layers Selection
Corporations’ actions are Earnings, Dividends or Investors days when the company is providing updates to analysts.
How To Setup Dual Charts On Webull App
Dual charts on Webull provide you will the ability to see two charts simultaneously.
This can be advantageous when trading two stocks and following their progress on their chart.
I used this feature during the writing of this post as I was making nice profit on PINS ( over 100% gain on 71 JUL16’21 71 PUTS) and AMC29 PUTS. These ran from 26 cents to over $1.
Here is the what the dual charts for these two stocks look like on my Webull mobile App.
Dual Charts View for PINS and AMC
How To Read Webull Options Charts
If you are an option trader like me, following the options charts is even more important than the stock charts.
What Does Options Chart tell Options Traders
Options track the movement of the specific contract you are trading.
Therefore, what’s better than tracking exactly how that instrument is moving.
Of course, the option chart mirrors the stock charts.
However, there are specific things we can only see on the option charts.
Options chart helps traders track contract price movement
The price of an option contract can increase or decrease because of a spike/decrease in implied volatility while the stock itself is not moving much.
Often, this happens around Earnings date.
Or simply because markets makers are adjusting to overall market conditions.
Track the Contract you are trading
The other major factor that will make options price movement is how many traders are buying those contracts.
In all of these scenario, options traders like you and me cannot get this information by simply looking at the chart of the stock.
Therefore, I teach traders in my Discord room how to read options charts.
You can setup your options charts with the same indicators you already have on your stock chart.
Here is a short tutorial video on how to read options charts on Webull.
Are Webull Stock Charts better than TradingView’s ?
Most brokers do not put enough emphasis on their charts.
I know several ones who leverage the advanced charting capability of TradingView.
Hence the question, how does Webull charts measure the standard?
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Webull Options trading has been lacking for a long time.
Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings.
By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the training course offered on the App version of Webull, take advantage of the Community and most importantly how to make money by leveraging some of the new advanced features of this growing trading platform.
How To Trade Options On Webull | Mobile App, Desktop or Desktop App ?
For years, Webull traders have been asking for Options trading to be included on the trading platform.
It took Webull until 2020 to make this possible.
Webull Global Markets from its Mobile Trading App
The main reason I can think of is to stay competitive in the battle of the Millennials it is engaged with Robinhood.
Currently, Webull only provides trading in a few countries and I know that most of European countries do not have access to Webull.
Nonetheless, Options Trading on Webull is now available and it comes with a great deal of bells and whistles.
Which Webull Platform is Best For You ?
The first action you must take during the signup process is to determine what type of account you will be setting up.
By that I mean a Cash account vs. Margin account.
I published a short recent short video that explain the benefits of each so that you are fully educated to pick the one that fits your current needs.
I recommend that options trading beginners start with Cash Only account and later on can switch to a Margin account.
The second decision you will need to make in trading Options on Webull is to choose your platform.
Webull offers 3 choices for that.
You can trade Options from your mobile phone through the Webull App.
This option is very advantageous for traders on the GO who require limited data or information to enter and exit trades.
The app version of Webull is intuitive enough with minimal learning curve.
How To Access The Options Chain on Webull Mobile
In early June, Webull App changed its interface to make it easier to access the option chain.
Now, when you select your stock, you have access to the chart as usual but the second choice is Options.
Here is a view for the very volatile AMC stock.
How To get to Options Chain on Webull App | AMC Stock View
Once you click on the highlighted Options menu , you directly gain access to the option chain.
With the recent update of the Webull App, you have to decide on how to view the option chain.
Related Video: How We Made 1000% On Multiple Options Trade Using The Gang$Ta Strategy
On the bottom left, you will choose your strategy from Single option, strangle, straddle, vertical, butterfly, condor , Iron condor.
I have mine set to Single Option as shown below.
Then, on the right, you will select to see Calls, Puts or both simultaneously.
In my other options trading Apps, I always like to view calls and puts next to each other.
I really think this layout minimize the potential of making a mistake when you are in a hurry to get into an option position.
AMC Option Chain on Webull App
Should you to so, Calls will be on the left side and Puts on the right hand side.
Webull Options Layout
Here is how you can change your Webull options chain layout.
On the bottom right hand side of the option chain, click on the icon with 2 horizontal lines as shown in the image above.
This will lead you to the below Webull Options Chain settings.
How To Access Webull Mobile Options Chain Settings
On this Webull options List Settings, you will be able to modify, select and customize the options chain as you like it.
How To Show More Options Strikes Prices On Webull Mobile
I often get this questions from beginners traders in our Discord room on how to see more strikes prices on the options list of Webull.
Well, the answer is through the options list settings menu above.
If you select Strikes, then you have these multiple choices to pick from.
How To Display More Option Strike Prices on Webull Mobile
I always set my preference to “ALL” so that I can access all available option strike price offered on Webull Mobile App.
Often nowadays, certain stock can run up so quickly and catch Market makers “unprepared”.
We have witness that in 2021 with the likes of meme stocks #AMC, #GME, #AFRM just to name a few.
In those scenarios, market makers had to create and add new strike price overnight on the option list.
How To Select the Expiration type on Webull Options Chain
The second choice from the Webull options list settings is the expiration type
On this menu, the three choices are :
Regular
Weeklys
Quaterlys
My recommendation is to select all of them s that you always have access to all the available expiration dates.
Webull Options Expiration Types
Most stocks will have weekly options expiration dates.
However, this can change anytime as market makers decide to offer more frequent expirations.
What is The Deliverables Option on Webull Options Chain ?
American Options are defined such that one contract controls one hundred shares of the underlying stock.
This is the standard deliverable in case you decide to exercise on option contract.
Same is true should you be assigned as well.
How To Change The Columns of Options Chain on Webull
You have control over the information you want to display on your Webull option chain.
One can easily do this by going into the columns Editor as shown on the view below.
Webull option chain offers 14 parameters you can add to help you in trading options on Webull.
These options trading parameters range from the Last Price, the %Change, the Implied Volatility, Open Interest, Volume, Delta, Theta and Vega as listed in the view below.
Therefore, this is the place where you can decide on which ones of your favorite options Greek to display.
On the above view, the left hand side (green) are the parameters I have selected to be visible from LAst price to Thea decay.
Whereas on the right hand side (blue), the columns editor is listing other available parameters that are currently NOT visible on m y Webull options chain.
It is possible to change the order of the parameter by using the slider on the right side of each one of them.
Sliding it lower or higher will decrease or increase the position of the corresponding parameter.
In my current view above, Option Last price is the first listed column followed by %Change of the price.
2 Webull Options Layout| List vs Straddle View
Once you have your desired options trading parameters using the process described above, the final decision is to determine how will the above information be displayed.
Webull Mobile Option chain offers two choices.
You will get them when you click on List Style.
Webull List vs Straddle View
The classic List view most of us have been accustomed to for ages is quite popular because this is how the majority of brokers displays the option chain information.
However, the newly introduce Webull option chain Straddle View is really growing one.
Instead of scrolling on my mobile phone to the right to see the multiple columns we described in the previous section, this new view display a nice summary of all the parameters for a given strike price in one shot.
Take a look below and let me know if this is not more attractive than the traditional column view.
Webull Option Chain Straddle View for TSM 125 Calls
At a glance, all the important option parameters are visible.
My main interest is on the last price and the two option Greeks I use Theta and Delta.
The break even is nice to have but is not really a deal breaker if you do not select it.
Often, I like to pay attention to the Volume vs. Open interest of an Option strike because this can provide insight into someone (a big institution) conviction about the direction of the stock.
At this stage, there is only thing left before you can trade options on Webull mobile.
That is selecting a strike price you would like to trade.
How To Select A Strike Price on Webull Options
I have two techniques I use to select a strike price.
Each one of my method has its merits based on your budget and flexibility.
How To Pick a Strike Price Using the ATR Technique
I have to remind you that the prior step to this one is of course to pick an Expiration date.
The guidance for expiration date is quite simple.
The More time between now and your chosen expiration date, the more expensive the premium of that contract will be.
The trade of here is time or probability of making money versus the cost.
Once the date is determined, the process is as follows:
Determine the Number of Days (N) between now and Your Expiration Date
Find the Average True Range (ATR) of the Underlying Stock
Multiply the ATR by N
Add the result to the current price of the Underlying stock for calls
Or Subtract the the result from the current price of the Undelaying stock
This will give you your Strike Price for Calls or Puts
Below is the step-by-step video when I explain this ATR technique to pick an option strike price.
You can even download the Automated Excel Template I use in the above video to Calculate the strike price.
This second approach to easily pick an option strike price is for capital limited traders.
It leverage the Webull option chain Straddle view we discussed earlier.
The idea here is that you want to trade option contract that cost less than Delta.
Delta ranges from 0 to 1.
On the Webull option chain, once you choose your expiration date, you want to select a strike price that has the best Delta to Theta ratio in absolute value.
Typically, you want to ratio to be greater than 2. The higher the better.
On the TSM NOV’21 125 Calls view above, Delta is 0.14 while Theta is -0.029 which yield a ratio in absolute value of 4.8.
Here is an illustration of this Delta ratio technique on TSM OCT15 Expiration.
Delta to Theta Ratio in Picking Strike Price on TSM
On the view above, all TSM options expire on Oct15 2021.
The 114 calls have a Delta of 0.37 with a theta of -0.19.
The cost for this 114 Calls is about 25 cents which matches our selection criteria.
Same observation is almost true for the 115 Calls.
On the other hand, the 116 and 117 calls do not quite have a Delta to Theta ratio above 2.
We will then select either the 114 call for 25 cents per contract or the 115 calls for 12 cents per contract.
By the way, Delta can be interpreted as the probability of being In the money at expiration.
Therefore, our Delta to Theta ratio ins weighting the probability of being ITM versus the Time decay of the option strike.
How Much Money Do You Need To Start Trading Options on Webull
Contrary to what many so-called experts publish out there, you do not need thousands of dollars to start trading options in general.
My best advice is first to find a trading platform with a paper/demo account where you can hone your skills.
This means you will not be trading real money initially until you are comfortable with what you are doing and confident about the strategies you want to earn money from.
Once you are ready to trade real money, there are very affordable options you can trade and make money consistently.
I have been trading such options for many since 2016 and I am still teaching traders how to make money trading options with very reasonable capital.
Here is an example of very cheap options paying over 100% this week.
Symbol
Stock
Strike Price
Bid
Ask
Low
%Market Change
BAC Dec23’21 44.5 CALL
BAC
44.5
1.03
1.05
0.47
+131%
NVDA Dec23’21 240 PUT
NVDA
240
1.02
1.05
0.14
+263%
Roku Dec23’21 265 CALL
ROKU
265
0.85
1.02
0.40
+112%
WFC Dec23’21 50 CALL
WFC
50
1.09
1.14
0.5
+150%
FBDec23’21315 PUT
FB
315
1.22
1.26
0.53
+78%
I took the above table from my Day trading trade Alerts watchlist for this week Expiration.
As such these trades are real Options trade you and most people can afford.
You can see four examples where the initial investment per contract is less than $50.
Therefore, even with just $500, you could trade several contracts of these options and still have money left in your account.
The most recent version of Webull Desktop is version 4.
You can download it on your PC in lieu of using the more direct browser based trading platform.
In my most recent research, I settled for the browser version since I can pin its window alongside the other application I routinely access.
By making this choice, you will need to setup your Dashboards once at the beginning and save them so that you are ready to trade each day with jsut a few clicks.
Now, you may be wondering why go through the trouble ?
The most obvious answer is the picture below.
Trading Options on Webull App is very comfortable even for beginner traders.
The view of the GUI below looks nice, doesn’t it 🙂 ?
Example of Options Trading Dashboard on Webull
The second reason is that you get to choose what you need for options trading on Webull in a single view.
This is done by selecting widgets and arranging them in a manner that is suitable to your liking.
Can you Paper Trade Options On Webull
Webull has done a great job with the paper trading account of $1 Million.
However, this does not apply to Webull paper trading options at all.
This feature alone or the lack therefore is a hinderance for many options trading beginners.
It will help a great deal of option traders when Webull provides the ability to paper trade options on this progressive trading platform.
Think of it as your self customized Options trading platform.
Because it is not obvious to Options trading beginners what they may need, I created this video tutorial below as a guide to setting up Webull Desktop 4.0.
If you take the time to invest 40 minutes of your time watching the full video, you will come out with the most needed education in your trading journey.
How To Trade Options On Webull | Does Webull Have Level 2
The one thing that is still lacking in Webull Options Trading platform is the absence of a Paper trading account.
Yes Webull account comes with a $1 Million Paper/Demo Account but that is only for stocks trading.
Many Option traders still need practice and back testing of their strategies before they go Live with real money.
Webull Option Trading Restrictions
Apart of the above mentioned demo account, do not expect to options on webull right after your first initial deposit.
In fact, it may take up to 5 business days for your account to settle and it is only after that delay when Webull will allow you to trade options.
Example of Restrictions on Trading options on Webull
Also, you will have to wait a couple of days after a winning trades for your funds to settle.
Hence, do not be surprised by the message displayed in the above image in case you find yourself too eager to place your first option trade on Webull.
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Most traders on Webull are beginners thus they are seeking education not only on the platform itself but basic Options trading knowledge.
To help address this increasing need, Webull offers on tits mobile App trading platform a feature called Community.
Webull Community Benefits
The following sections or categories are available inside the Webull community.
Streams
Competition
Top News
24/7
Watchlist
Inside the Streams section is where you will find the most value.
Recently, Webull provides an incentive to go through the education to familiarize yourself with trading options and other instruments on their platform.
It is called “Complete the Beginners’ Course. It is a series of 7 courses.
One of them is an FAQ on Options Trading.
Webull Top Lists
The objective of the Top 10 Lists is to provide traders with the most active stocks and options.
Practically, you can use these lists as research to figure out which stocks to trade.
My best advice to join a proven system that will teach you consistent winning strategy so that your learning curve does not take multiple years.
For the purpose of Learning how to trade on Webull, you can participate in the free Paper trading challenge to help confirm your skills and flatter your ego.
The main idea of the community is to provide chat rooms where traders can post their ideas, ask questions and grow together while learning the necessary skills to become successful traders.
CONCLUSION
Webull Options trading is a nice addition to the platform.
You can trade options on Webull App if you are on the GO or you can trade options on Webull desktop.
However, for many beginners it is still a daunting task to figure out the application while acquiring the basic trading skills.
The one constant complaint in the multiple Webull chat rooms is the lack of customer service.
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