We earn commissions from featured brands, which impact the order and presentation of listings
Advertising Disclosure

This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor.

While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

Search
Investing » How to Use Webull for Day Trading: Key Features

How to Use Webull for Day Trading: Key Features

Discover Webull's essential tools for day traders, including charting, hotkeys, bracket orders, and paper trading for active day traders.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

The information provided on this website is for informational and educational purposes only and does not constitute financial, investment, or legal advice. We do not provide personalized investment recommendations or act as financial advisors.

Table Of Content

Webull Tools for Day Traders

Webull offers a surprisingly powerful suite of tools for day traders, even though it markets itself to a broader investing audience.

It offers many advantages for short-term strategies, from real-time data and advanced charts to customizable orders and paper trading.

Based on our firsthand platform use, several key features stand out for day trading on Webull.

Webull provides extended trading hours — 4 AM to 8 PM ET — which is ideal if you're reacting to earnings releases or macro news outside the standard session.

Let’s say you’re watching Meta stock after an evening earnings call. If it gaps down at 6 AM to $315, but you expect a rebound, you could set a limit buy and sell into strength by 9:30 AM.

Also, Webull’s pre-market price data helps you spot unusual volume early on — a useful signal for volatility plays.

Webull’s built-in charting suite is robust, especially compared to most mobile-first brokers. You can stack multiple indicators, run custom timeframes, and build multi-chart layouts.

Key features for technical traders:

  • Over 60 indicators and drawing tools

  • Multi-timeframe comparison windows

  • Level 2 data with NBBO (for Pro subscribers)

For example, we used RSI combined with Bollinger Bands and volume indicators to time trades in NVDA during high-volatility sessions.

Once RSI dipped under 30 and touched the lower band with a volume spike, we entered — and used the MACD crossover for exit confirmation. These setups work well on both mobile and desktop thanks to Webull’s seamless sync.

technical analysis on WeBull trading platform
Technical analysis on WeBull trading platform (Screenshot taken by our team from Webull app)

One standout Webull feature that we constantly use: paper trading. You can simulate trades with full access to charts, live market data, and even options and futures.

Before trading volatile stocks, I used the paper trading tool to backtest support bounces and resistance rejections. This gave us the confidence to go live with a similar setup once we saw consistent paper profits.

Advantages of using Webull’s paper trading for day trades:

  • Practice without risking capital

  • Try complex setups (like option spreads or gap fills)

  • Train for earnings seasons or trend breakouts

paper trading and other features
Paper trading and other features (Screenshot taken by our team from Webull app)

Webull’s desktop platform offers hotkeys — a major plus for day trading. Once you get familiar with the setup, it’s easy to create one-click orders tied to specific keys, which is crucial during fast-moving setups.

We used Ctrl + B to open a buy order on trending momentum names and Ctrl + C to cancel positions in a flash. You can also configure the order presets — such as defining order sizes or setting a limit/stop-loss combo — for faster exits.

Other customization benefits:

  • Create watchlists by sector or strategy

  • Multi-chart grids to track correlated names

  • Real-time news and calendar widgets in one place

Webull lets you place bracket orders, stop-losses, and trailing stops — all essential tools for protecting gains or minimizing downside.

Let’s say you’re trading Apple around $170. You can set a bracket order: a take-profit at $174 and a stop-loss at $168. Or, if you're aiming for momentum, a trailing stop of $1 below the peak ensures your trade locks in profit automatically if the stock reverses.

Key bracket options in Webull:

  • Entry with predefined take-profit and stop-loss

  • Trailing stops that follow the price dynamically

  • Real-time modification from the mobile or desktop app

Day traders who use options will benefit from Webull’s live, scrollable options chain. You can view Greeks, volume, open interest, and IV changes in real time — helpful when scalping earnings plays or fast movers.

We used this feature during Nvidia’s earnings week: IV dropped post-release, so we quickly pivoted from buying calls to selling spreads using the options ladder and execution shortcuts.

Key benefits:

  • See near-expiration chains and update orders on-the-fly

  • Monitor unusual options activity that might hint at directional bets

  • Adjust strategies as implied volatility shifts mid-day

Webull's newsfeed and earnings calendar are seamlessly integrated into both the mobile and desktop apps. We’ve used this combo to identify stocks with upcoming earnings, FDA announcements, or analyst upgrades — all of which can fuel intraday volatility.

For instance, if you're scanning pre-market and notice that Rivian (RIVN) has earnings that evening, you might choose to day trade the volatility leading into the close — then exit before the actual event.

Useful components:

  • Filter by earnings date, type of news, or sector

  • Use news sentiment as an edge for short-term momentum trades

  • Tag headlines directly to your watchlists for follow-up later

Read IPO news on Webull app

What Day Trading Tools Are Still Lacking on Webull?

Despite all the strong features, there are still a few areas where Webull could step up its game for high-volume or algorithmic traders:

  • No Advanced Algo Trading Tools: Unlike Interactive Brokers, Webull doesn’t yet offer algorithmic order routing or programmable strategies.

  • No Direct Access Routing: You can’t control order routing to specific exchanges or ECNs — an edge for very active traders.

  • Limited Asset Classes: While futures and crypto are available, mutual funds and forex are missing.

Alternative Platforms for Serious Day Traders

If you're looking for a day trading setup that goes beyond Webull, here are some alternatives we’ve tested or used:

  • Thinkorswim (Charles Schwab): Superior charting, backtesting, and paper trading with hotkeys and Level 2 data.

  • Interactive Brokers (IBKR): Global access, low margin rates, and custom order scripting through Trader Workstation (TWS).

  • TradeStation: Excellent for custom strategies, bracket orders, and lightning-fast execution for pros.

Broker
Annual Fees
Best For
E-Trade
0% – 0.35% 0% on stocks and ETFs in self directed brokrage, 0.35% for Core Portfolio Robo Advisor
Options & Futures Trading
Interactive Brokers
0% – 0.75% $0 online commission on U.S. listed stocks and ETFs, Options: $0.15 – $0.65 per-contract, Futures: $0.25 – $0.85 per-contract. For Interactive Advisors: asset-based management fees of 0.10% to 0.75%
Professional Trading Tools
Fidelity
0% – 1.04% Fidelity Go® Robo advisor: $0: under $25,000, 0.35%/yr: $25,000 and above Fidelity® Wealth Management dedicated advisor: 0.50%–1.50% Fidelity Private Wealth Management® advisor-led team: 0.20%–1.04%
Retirement Account Investing
Vanguard
Up to 0.30% $0 online commission on U.S. listed stocks, mutual funds and ETFs, options: $0.65 per-contract, Vanguard Digital Advisor – 0.015%, Vanguard Personal Advisor: 0.03%, Vanguard Personal Advisor Select: up to 0.03%, Vanguard Wealth Management: up to 0.03%
Low-Cost ETF Investors
J.P. Morgan Self Investing
$0 $0 online commission on U.S. listed stocks and ETFs and $0.65 per-contract
Chase Bank Customers
Charles Schwab
Up to 0.80% $0 online commission on U.S. listed stocks, mutual funds and ETFs, options: $0.65 per-contract, Schwab Intelligent Portfolio – 0%, Schwab Intelligent Portfolios Premium – One-time planning fee: $300 + Monthly advisory fee: $30, Schwab Wealth Advisory: up to 0.80%
Advanced Trading Tools
Merrill Edge
0.45% – 0.85% 0.45% for Merrill Robo Advisor (Guided Investing), 0.85% for Investing With An Advisor
Bank of America Clients
Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Search
Best Investing Tools
Top Offers From Our Partners

empower logo

Personal Finance & Investing Tools
Budgeting, goal planning, net worth, cash flow, tax minimizing, personalized portfolio construction, tracking and adjustments
Talk to Financial Advisors

acorns-logo

Smart Portfolios by Experts
Cash Account with 1.00% – 3.00% APY

Promotion:
$5 Sign up, add $5 or more to your personal portfolio, and Stash give you a $5 bonus to start. 
Investing, Banking & Retirement Options

Wide Range of Cryptocurrencies
Supports a large number of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many altcoins.
Coinbase Wallet
Provides a non-custodial wallet where users have control over their private keys, supports a wide range of crypto assets and decentralized applications (DApps).

Buy and Sell Crypto witH IRA
Buy and Sell Gold & Silver with IRA
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

#1 In Investing

Our Newsletter

Access investment tips, expert investment strategies, key market updates, and exclusive opportunities to grow your wealth

This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor.

While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.