Install UTRADE MY 3
Search for UTRADE MY 3 in the App Store or Play Store. The publisher is UOB Kay Hian.
Already installed? Press Open, or tap the red U icon on your home screen.
Step-by-step guide
How to buy
a stock
Buying is one screen and four numbers: which share, how many, at what price, and for how long. Everything else is confirmation.
Your first order will take five minutes. After that, one minute.
I
Two words to learn first
They decide what your order does| The word | What it means |
|---|---|
| Lot | 100 shares. The quantity box is labelled Qty. (x100), so typing 1 buys 100 shares and typing 10 buys 1,000. |
| Limit price | The most you are willing to pay. The order will not fill above it. Set it too low and nothing happens; set it at the market price and it usually fills at once. |
A share quoted at RM 0.330 with a Sell queue at 0.335 means sellers are asking 0.335. Bid 0.330 and you wait. Bid 0.335 and you are likely filled straight away.
II
Buying, one screen at a time
Nine steps, on the real screensOpen the app and log in
Tap the red UTRADE 3 icon. Log in with the user ID UOB Kay Hian gave you.
The app opens on the Market tab: the index, a heat map, and the most active shares. Nothing here places an order.
Search for the share you want
Tap the magnifying glass, then type the name or the four-digit code.
The screenshot shows a search for “panda”. Three results come back on three different exchanges.
Read the exchange tag on the left. BM is Bursa Malaysia. SZSE and SSE are China. A wrong tag means the wrong company on the wrong market.
Read the price, then press the green Buy button
The big number is the last traded price: 0.330 here.
In the Market Depth panel, the left side is buyers and the right side is sellers. Sellers are asking 0.335. That is the price that fills immediately.
Press Buy. Nothing is bought yet — this opens the order form.
Fill the order form
Leave Order Type on Normal and Limit. Then three numbers and a date rule.
Qty. (x100)Lots, not shares. The screenshot shows 10 — that is 1,000 shares.
Price (MYR)The most you will pay. Here 0.335 — the price sellers are asking, so it should fill.
ValidityDay is fine for a buy. It expires at the close if nobody sells to you.
Trade AmountWhat the order costs: RM 335.00. Compare it with Available Limit above — RM 3,151.37 here. Cost above the limit is rejected.
Press Send, then key in your Trading Pin
Send does not place the order on its own. The app asks for your Trading Pin first.
Before you type the pin, run your eye over the form once more.
Type the pin and press Ok. This is the point of no return.
Read the confirmation message
Order submitted successfully means the order reached the market. It does not mean you own the shares yet.
Tap To Order Status to go straight to the list and see what happened.
Check the status word: Confirmed or Matched
The status column is the only place that tells you where you stand.
Confirmed
Queued in the market, waiting for a seller at your price. You do not own the shares.
Matched
Done. You bought the shares — here, 100 at 0.335. This is the word you are waiting for.
Expired
Nobody sold at your price before the close. Nothing was bought and no money moved. Place it again, or raise your price.
Tap the order to see the full detail
Tap any line in Order Status and it expands. Everything about the order is here: your price, order quantity, matched quantity, average price, validity, expiry, and the status in words at the bottom.
Matched Qty is the number that matters. If it reads 0, nothing has been bought yet, whatever else the screen says.
III
The moment you are Matched, protect it
Set your stop loss the same day.
Buying is the easy half. The decision that protects the account is the price at which you admit the trade did not work. Decide it now, while you are calm, and let the app enforce it.
Open the stop loss guideIV
What usually goes wrong
Typing shares in the lots box
1,000 in the Qty. (x100) box is 100,000 shares. Count in lots, and check the Trade Amount on the preview.
Assuming Confirmed means bought
Confirmed only means the order is queued. Matched is the word that means you own it.
Chasing the price up
The order does not fill, so you raise the price, again and again. Set the price you decided on and let it queue. If it never fills, that is an answer too.
Buying the wrong code
Two companies with similar names, one letter apart. Read the four-digit code on the preview before you send.
Forgetting the charges
Brokerage, stamp duty and clearing fees come on top of the Trade Amount. On very small orders they matter more than the price you argued over.
Buying with no exit in mind
If you cannot say at what price you would sell, you are not trading, you are hoping. Set the stop loss.