10 Pros & Cons of Paper Trading in the Stock Market

Boring

Thank you Sasha! Ive been watching your videos and you have been very helpful all the time. I have been paper trading options using ToS for 6 months now. Because of this i have developed my own strategies and everything. I was making average of 3k/day on paper with using 2.5k capital or less. Started the real thing this week, 1st day was doing good at first 10min, made $400 right away… I continued trading and finally found something that i missed… i did not put bid/ask spread into account. All my entries are good but profits did not go as fast as i was expecting and i was trading a sideways market. My strategy was using 1min and 5min time frames for entry exit. Because of the spread, im wasting too much on commisions and ended losing $180 total. 2nd day, I changed my strategy to 10min to 30min time frame… only traded first 1 hour of the day and ended up with $580 profit. In conclusion, when paper trading, dont treat it like paper trading, be serious and come up with a strategy that works for you and keep practicing until you stick with it. This minimizes emotion on the real trade as you encounter problems, you know what to do… but still emotion is still there, but just watching this video makes me feel better as it made me think its normal and i will get over it.

What are some good paper trading websites or platforms ????

UK traders like me will know the pain of not being able to find a decent paper trading platform. One can only wish for a UK thinkorswim.

Wicked, sound, helpful advice. Thanks.

Hey I'm new to stocks and going to start trading options what is the best website to use like etrade or forex?

Nicely done as always great video! Beginners and even mature traders testing new strategies paper trading will save you lots of money in the long run trust me lol… I paper traded for six months before I put real skin in the game (Real Money)…

Hey Sasha, thanks for the amazing and timely video. I found your channel a couple weeks ago and I began "paper trading" on "Investopedia" last night. I would ad one thing to your pro's list, when you're living in a country like Vietnam where I live it is also good to test the internet speed and security and see what changes need to be made before any real money is on the line.
I show some IELTS students your vi.deos at the beginning of class, so that they can see how good an English speaker someone can become if they try. Thanks for being so positive. I plan on learning from paper trading for 6 months to 1 year and easing into real trading within that time frame if I feel it can be done safely from here. Take care and keep enjoying what you do for us the viewers.

I'm paper trading with ToS, seems to be great.

Can you do an etrade website review?