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How to Get the Most out of Webull

How to Get the Most out of Webull

Webull, a no-fee, zero-commission broker app, has recently surged in popularity.

According to Bloomberg, “Webull, founded by Wang Anquan, an alum of Alibaba Group Holding Ltd., has increased its roster of brokerage clients by about tenfold this year, to more than 2 million, by offering free stock trades with a slick online interface.”

And this was before many investors jumped ship from Robinhood after the GameStop debacle.

Fortune explains, “Before last week, Webull had never appeared in the top 100 downloaded apps on Apple’s U.S. app store. But last Thursday through Saturday, it ranked No. 2 behind Robinhood […] At least some of that growth was tied to backlash against Robinhood for its decision to halt some trading amid the GameStop frenzy. Investors identified Webull as a clear alternative.”

Another reason for Webull’s popularity is because the app is ideal for beginners and designed for success.

Yes, you read that right. 

You don’t have to be a professional day trader to find success on Webull.

But that doesn’t mean you can simply sign up for the broker app and the money will roll in.

In the case of investing on Webull, you will need to take a little action.

The keyword here is “little.” It doesn’t require a lot to find success and make money on Webull.

Thankfully, there are a few things you can do that will help you along the way. In this post, I’ll take you through the Webull platform and show you advanced tools, so you feel ready to take your investing to the next level. 

Get Started with Webull

I’ve made it even easier for beginners to learn how to get started on Webull with a series of YouTube videos that provide step-by-step instructions.

In addition to these instructional YouTube videos, check out my blog for Webull beginners How to Get Started Investing with Webull.

For those of you who are already using Webull for investing, let’s move on to discuss how to get even more out of the investment platform. 

Sign up now with Webull and earn free stocks!

Create a Webull Watchlist

One of the best ways to prepare for investment success on Webull is by creating stock watchlists.

According to Investopedia, “U.S. stock exchanges list more than 8,000 issues, but the typical trader or fund manager accesses just a fraction of this bounty because they’ve failed to build effective watchlists. Identifying stocks that fully support working strategies requires a number of skill sets but, despite the learning curve, the effort is worthwhile because it creates a trading edge that lasts a lifetime.”

Webull makes it easy with its watchlist feature.

On your Webull dashboard, there is a button on the left that says WATCHLIST.

Simply click on this button to “Create a new watchlist.”

Title the watchlist according to how you will use it, such as Earnings Watchlist or Steady Stocks.

Then, click “ADD.”

Once the watchlist is created, you then add the stocks you want to follow by clicking the “+” symbol.

After this symbol is selected, you can search for the stock by name or ticker symbol.

Another bonus to Webull’s watchlist feature is that you can create more than one watchlist (steady stocks, dream stocks, tech stocks, etc).

When you create more than one watchlist in Webull, you can easily run between the different watchlist tabs on your dashboard to make comparisons. 

Keeping an eye on your stock watchlist will keep you ahead.

Watch this video to see how to put a Webull watchlist together step-by-step.

Utilize Level 2 Advance NASDAQ TotalView

Another fantastic Webull feature that will help you get even more out of it is the Level 2 Advance NASDAQ TotalView option.

This is a new feature that has me really excited. 

According to a press release from Webull, “Level 2 Advance (Nasdaq TotalView) is Webull’s premier data feed for serious traders, providing depth-of-book data that empowers investors with insights drawn from quotes and orders for all Nasdaq-, NYSE- and regional-listed securities. It shows the full depth of orders on the Nasdaq market, including quantities at the individual bids and asks, enabling subscribers to know how orders are distributed throughout the market.”

If you are new to investing, this may sound a little intimidating. There is a Level 2 learning curve, but it is worth it.

The reason it is worth it is that Webull is giving everyday traders like you and me the same opportunity as professional traders.

When I first started trading in the 90s, we didn’t have access to this kind of stuff. It was way too expensive!

Currently, Webull offers all registered users a 3-month free subscription to Level 2 Advance

With Level 2 TotalView, there is a difference in your dashboard screen.

Normally, you just see the bid and how many people are trying to sell.

Level 2 TotalView goes into much more depth. For instance, it lists the shares and provides the top 30 quotes of buy and sell orders.

As a result, you will be more informed and know where you want to bid.

Additionally, it provides even more helpful charts for buying and selling, which will help you make quick short-term trades.

The amount of in-depth information Level 2 TotalView provides will help your buying and selling investment strategy. 

Remember those 3 free months of TotalView you get upfront? Well, you can earn even more free months by inviting others to join Webull.

Watch this video to see TotalView in action and learn how to earn even more free months.

How to Get Free Stocks and Free Months of Level 2 in Webull 

If you are already on the Webull platform, you should have already received your first set of free stocks.

If you haven’t, stop what you are doing and watch this video to find out how to claim your free stocks.

Webull also offers promotions for you to earn more free stocks. Currently, Webull is running a spin-the-wheel style promotion for referrals where you can get free stocks or months of Level 2 access for free.

Every time you invite someone, and they sign up, you get to spin the wheel (up to ten times a month).

I have earned hundreds of dollars of months’ worth of Level 2 TotalView access for free! 

Get free stocks and free months of Level 2 access! Sign up now!

 

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