Podcasts about paper trading

Today I talk about how to make $200 a day trading stocks, How to Start Trading with a Paper Trading Account, Free eBook

Have you ever heard the advice to paper trade while learning? Jordan & Levi challenge that idea, and give their preferred way of learning with real stakes: prop firms.

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MATT AMBERSON, OPTION RESEARCH & TECHNOLOGY SERVICES THOUGHTS ON CURRENT MARKET ENVIRONMENT OPTIONS 101: BUTTERFLY OVERVIEW THE ORATS PHILOSOPHY OF TRADING USING BACKTESTING, PAPER TRADING, EXECUTION TOOLS ADVISOR TAKEAWAYS FROM THE FIA BOCA CONFERENCE FEBRUARY OPTIONS VOLUME FROM OPTIONS CLEARING WHAT OUR INDICATORS ARE SHOWING ABOUT THE SPX, THE BANKING INDUSTRY AND THE MARKETS ADVISOR WHO STOLE MONEY FROM DEMENTIA PATIENTS

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: MATT AMBERSON, OPTION RESEARCH & TECHNOLOGY SERVICES THOUGHTS ON CURRENT MARKET ENVIRONMENT OPTIONS 101: BUTTERFLY OVERVIEW THE ORATS PHILOSOPHY OF TRADING USING BACKTESTING, PAPER TRADING, EXECUTION TOOLS ADVISOR TAKEAWAYS FROM THE FIA BOCA CONFERENCE FEBRUARY OPTIONS VOLUME FROM OPTIONS CLEARING WHAT OUR INDICATORS ARE SHOWING ABOUT THE SPX, THE BANKING INDUSTRY AND THE MARKETS ADVISOR WHO STOLE MONEY FROM DEMENTIA PATIENTS

What is commercial paper in terms of capital? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to discuss commercial paper as it relates to raising capital. They talk about who issues commercial paper, how it's used, and the issuing limitations. Listen in and learn a little bit about commercial paper (capital).

What is commercial paper in terms of investing? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to discuss how commercial paper is used for investing. They talk through what commercial paper is, why someone would invest in it, the different types of commercial paper, and the risks associated. Listen in and learn a little bit about commercial paper (investing).

Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says under his leadership, no marginal field operator would be allowed to trade in papers issued by the organisation. Komolafe stated that the rule of law would be strictly followed in the issuance of final licences to the winners, stating that no amount of pressure would make the commission award final documents without due process. Komolafe stressed that some of the 119 companies that had fully paid their bonuses were insisting that they could not raise funds without collecting the licences.

If you've been interested in trying your hand at stock trading this year, here's a way you can try it out and see how you do without risking a dime. Paper trading can be a great way to practice stock trades and gain familiarity with market terms and strategy.  Like what you heard? Go ahead and share on your social media! Visit trianglecu.org to learn more about how we can serve you and don't forget to follow us on Facebook and Twitter!

Recap 10/14/21 and paper trading like you are trading live, always use stop and working on getting a profit.

The Stock Market Millionaire Podcast is for those of us who think differently about our financial futures – made especially for those who believe the markets can offer a better way forward, if they only had the tools. While the rest of the world blindly tosses their money into their 401k's, hoping for mediocre returns, we believe we can do better. We are independent thinkers, wealth-builders, analytical by nature, relentlessly trading and studying the markets to create a life on our own terms. The uneducated may call us gamblers – but we know what we are. We are the Stock Market Millionaires of the future.

Recap 8/24/2021 with a Fed meeting tomorrow, things could move. Entry points on paper trading are loose and you may not get inexactly where you plan.

Some traders don't realize how important paper trading is until it's too late. Hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen want to make sure you're not one of them.  They know your hard-earned money is precious. You trade to make more tendies, not to lose the ones you already have. And you hustle to squeeze trading time into your busy schedule and study up on top strategies.  But even after you put in the screen time, study time, and cold hard cash … success isn't guaranteed. This week's episode focuses on a crucial step that a lot of traders skip: paper trading.  Find out how this underappreciated art form can fast-track your learning and save your account at the same time.  Follow our hosts on social media… Tim Bohen Twitter: @tbohen Instagram: @tbohen Stephen Johnson Twitter: @Jonk87 Instagram: @stephenjonk87 Kim Ann Curtin Twitter: @kimanncurtin Instagram: @kimanncurtin

Stock Market For Beginners 2021. How To Invest Step By Step. Paper Trading to get familiar. Bonus stocks to think about investing in.

The Stock Market Millionaire Podcast is for those of us who think differently about our financial futures – made especially for those who believe the markets can offer a better way forward, if they only had the tools. While the rest of the world blindly tosses their money into their 401k's, hoping for mediocre returns, we believe we can do better. We are independent thinkers, wealth-builders, analytical by nature, relentlessly trading and studying the markets to create a life on our own terms. The uneducated may call us gamblers – but we know what we are. We are the Stock Market Millionaires of the future.

Are you looking for a way to practice in the stock market without risking your dollars? Paper trading is the perfect way to simulate participation in the market using "virtual" dollars. This is a great way to learn about the stock market and to practice strategy. Paper trading is also a great way to introduce children to the market. This episode gets into all of the details. Come talk money with me! Join the conversation on instagram @Spondulixpod or at $pondulixpod.com I mention a few paper trading options in this episode which are linked below: Investopedia Stock Simulator TD Ameritrade: Thinkorswim Tradestation

En este podcast explico qué es el paper trading (cuentas demo o cuentas virtuales de bolsa), cuáles son las ventajas e inconvenientes que presenta, te doy mi opinión al respecto y te indico qué broker escoger para hacer paper trading.

Are you paper trading, and wondering whether the successful strategies you are using will work when you start trading with your own money? In this podcast episode, Ryan Mallory discusses how reliable paper trading strategies are in a live trading environment. Whiskey: Raven's Lace Be sure to check out my Swing-Trading offering through Patreon that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists and regular updates on the most popular stocks, including FAANG stocks, Microsoft and Tesla. This is provided each and every week! Check it out now at: www.swingtradingthestockmarket.com

In this episode, we'll talk about why you should use a paper trading simulator. I recommend Trading View's paper trading simulator and you'll learn how to get started.

We bring on friend Colin Otruba to talk through what he's doing in life, and to talk about the phenomenon of trading cards.

Today I bring you an interview with none other than The Millennial Money Woman. Fiona is a professional in the personal finance field who also blogs and writes articles on her website The Millennial Money Woman. I speak with her and we have an excellent conversation about the state of financial education, what Dollar Cost Averaging (DCA) is, and about the basic steps required for you to be able to retire early. Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!Links to Resources and websites mentioned in the show:Paper Trading Links (Stock Buying Simulations):www.howthemarketworks.comMarketWatch Virtual Stock Exchange: www.marketwatch.com/gameInvestopedia Stock Simulator: www.investopedia.com/simulator/Wealthbase (Has a phone app): www.wealthbase.comBrokers that offer Paper Trading with an account:TD Ameritrade, ETrade, Webull, and TradeStationFiona's Links:Book Mentioned: The Behavior Gap by Carl Richards (behaviorgap.com)Website: themillennialmoneywoman.comTwitter: @The_MMW (twitter.com/the_mmw)Pinterest: www.pinterest.com/themillennialmoneywoman/My Usual Links:Show Email address: Mainstfinance@gmail.comTwitter Account: @MainStMoneyYouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww

In a previous episode I talked about how I have been practicing my day trading with a paper account and what I found to be helpful. Well, I’ve still been dabbling in big cap land, with stocks like TSLA, SNAP, NIO, XPEV, TWTR, AAPL, and many other big names because I personally feel exhausted with the idea of always waiting for the BEST SETUP on small caps just to have ZERO borrows or having to pay for them constantly...even if they are cheap through my favorite broker Cobra. I want more opportunities...heck don’t you? Today I share with you more insight on what I discovered through this journey.

With paper trading in practice accounts, you can test drive a trading platform and practice trade strategies without risking any real money.

Jay and Dave sit down with Twitter's @ThePercentGame (Christian) who discusses his sports betting background and approach to trading on SportStack. The three review the fixtures from gameweek 33 and assess the run in as the season begins to draw to a close. - Click here ( https://join.slack.com/t/sportstack-official/shared_invite/zt-aieu0yua-mqNtm0vfPVo4iFO~0K23Rg ) to join the SportStack Slack workspace, where the rapidly growing community answers questions and discusses football, trading and potential platform improvements!

What is the next step after paper trading? Buying and selling fractional shares (small dollar amounts) of real stocks/ETFs to see if you really have the skills you think you have. With fractional shares you can put very little money at risk, but you are able to truly test yourself and, at the same time, learn the valuable skills of entering and exiting trades, setting profit and loss bands, controlling your emotions of fear and greed, as well as honing your ability to read the charts like never before. Enrollment is underway for our Accelerated Market Mastery course. Space is limited. Priority is given for our Patreon and Book Purchasers. To schedule your personal interview with Thom Goolsby for the Accelerated Market Mastery course, email us at CW@ChartingWealth.com Learn more about the three-month training program on charting, options and creating your own virtual Personal Wealth Fund, watch this video: https://youtu.be/O281QMObL7w Here at Charting Wealth, we focus on the reality of price movement by following trends. We teach you a simple and effective method to read stock charts, keep your emotions in check and learn when to buy and when to sell. Charting is your road map to the market and the riches it can offer. Forget the hype you see and hear in the financial news media. They are selling products in print ads and commercials. Focus on what is real, no matter how hard it can be to believe! Otherwise, you become a sucker or worse, a slave, to the delusion someone else wants you to believe. Use the lessons we teach every day to accurately chart any stock, commodity or ETF. We give you daily, real life lessons with the four ETFs we track: S&P 500, NASDAQ 100, 20-Year Treasury Bonds and Gold. We have all the tools you need to learn how to trade. If you are not a subscriber, become one! Subscribe for FREE to our daily market reviews & training at http://www.ChartingWealth.com We urge you to "Follow the charts, NOT the noise!” and want to help you follow the market and improve your knowledge of stock and ETF movements. Support our work at PATREON and receive GREAT benefits (training, gifts, etc...): https://www.patreon.com/user?u=14138154 Buy our book, "Charting Your Way to Wealth," and our "Stock Trader’s Journal" at http://bit.ly/ChartingWealth Learn more about our book, "Charting Your Way to Wealth," at http://bit.ly/2scxS0I Learn more about our Stock Trader's Journal at http://bit.ly/cwjournal Our TRADE WORKSHEET to track your practice trades: http://bit.ly/2p2kpK0 Our DAILY MARKET WORKSHEET is available at http://bit.ly/CWdmw5 Our WEEKLY MARKET WORKSHEET is available at http://bit.ly/2lWUAsy Receive our STOCK ALERTS via TEXT when WEEKLY VERTICAL CROSSOVERS occur. Very valuable information! Less than 8 texts a month. Text “chartingwealth” to 33222 on your cell phone. Do you have the link to our stock chart layout? If not, FIRST go to FreeStockCharts.com, REGISTER and set up a FREE account. When you are ready to get serious about charting and move from Free Stock Charts up to TC2000 (with any of the three plan choices you receive a $25.00 discount) click here: http://bit.ly/2DxPNY6 For TC2000 subscribers, here is the link to the Charting Wealth layout you see every day on the show: https://www.tc2000.com/~tlrJvf Have you watched our 15 minute “How to Read a Stock Chart” video? If you are serious about stock trading and investing, this is a "must watch” training. Here’s the link to the FREE, exclusive video: http://bit.ly/2a36nxx At ChartingWealth.com, every day the market is open, we chart the S&P 500, NASDAQ 100, Gold & Bonds. In just a few short minutes, we give you a valuable training update and quickly review the trends we see taking place in the market. At the end of every week, we give you an overview of what happened over the last five days and what's on the calendar for the next trading week. DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information -- nothing more.

Discussion of 4/30/202 and the importance of paper trading all the time.

While I can’t say it is the top issue debated among traders, I can say with full confidence it is easily within the top 3 issues. What is this issue? Is paper trading (demo/simulator trading) worth it? Over the years we have heard both sides of argument on this topic, and to be fair, both sides have made valid points and arguments. My guest from the community in this episode, Joel, shares his journey in a very transparent way that sheds a very raw (and well explained) viewpoint of how not paper trading is dangerous. I realize that we all have varying opinions and experience in regards to this hotly contested issue, so all I ask is you listen with an open mind and be honest with yourself on whether or not you feel like you are on the same pathway Joel was….

New developments as of 03/17/2020 and doing paper trading to work on your skills

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I give an account of my personal dabbling in paper trading stocks. Lessons learned and moving forward. Enjoy!

Paper Trading Simulator - Does it make sense to use it? Of course, there is a difference between trading stocks live and with real money or using a paper trading simulator. In this episode, you will learn the differences between paper trading and live trading, what is the best paper trading simulator, and where to get it.

Things are busy in Trade Ideas world. Not only are the brokers falling over each other in a race to zero commissions, but we've been busy with upgrades to Trade Ideas Pro. Among the most important is the release of Paper Trading in the newest build (). Real-time simulated trading is now available for all active Trade Ideas subscriptions, Standard & Premium! Spread the word.  Also, don't miss out on the Test Drive starting Monday, November 11th. .  . Miss the 2019 Summit? .  Join the free !   

The markets are hitting all time highs, what does that mean for Trade Ideas subscribers? Dan and Jamie recap what's been going on in the markets and look forward to the coming weeks. We've been adding a lot of improved features to Trade Ideas including Paper Trading, a real-time simulated account mode built into Brokerage Plus. You can try Trade Ideas Premium including the AI and Paper Trading for 2 weeks starting November 11th! Miss the 2019 Summit? .  Join the free !   

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In today's episode I want to talk about the pros and cons of paper tradings vs actual trading. For more trading information and advise please visits: Online - https://www.trendfollowingtradingacademy.org and from my On Facebook - https://www.facebook.com/trendfollowingtraingacademy On Twitter - https://twitter.com/VictorC79619164 On Instagram - https://www.instagram.com/trendfollowingtradingacademy/ Sign up for a free 15 mins no obligation zoom call with me to discuss your trading issues - https://mailchi.mp/9d6f3aca0db5/podcast-sign-up +++++++++++++++ Music credit: Music from https://filmmusic.io, "Funkorama" by Kevin MacLeod (https://incompetech.com). License: CC BY (http://creativecommons.org/licenses/by/4.0/) --- Send in a voice message: https://anchor.fm/victor-cheung/message

Tim and Stephen talk to Liz Lele, the runner up in our recent Paper Trading Challenge, about her recent success and lessons learned.

From Paper Trading to Real Trading with Chris "Dj" Dini

If you haven't seen my free webinar yet, click here: http://cli.re/TSSeng-pod

If you haven't seen my free webinar yet, click here: http://cli.re/TSSeng-pod

Gains or Losses? When should I have sold? When should i have bought more? I'm paper trading and dollar cost averaging with 5K to purchase strictly bitcoin and 5K for other cryptos.. I share my results for the past 2 years. I urge you to practice like I'm showing you 1st... especially if you are purely speculating and know little or nothng of how the crypto markets work..... like myself... Crypto isn't my forte. But I'm learning.

Quindell and Jace has been studying the market and want to start trading stock options so they have decided to paper trade to gain experience, to learn different strategies and grasp an understanding of their brokerage platform. On this episode of The Blue Poet Tree Podcast you’ll witness them figure out the fundamental analysis of the trade...a long vertical put spread. BluePoetTree.com Follow Quindell at: http://instagram.com/bluepoettree Youtube: http://youtube.com/humanclackinboy?sub_confirmation=1 Support The Blue Poet Tree Podcast CashApp: $BluePoetTree Give Your Feedback About The Podcast: https://goo.gl/forms/w0YQDTNzEwjly9gB2 Listen to Quindell’s music at: Apple Music: itunes.apple.com/us/artist/quindell-evans/id949937852 Google Play: play.google.com/store/music/artist?id=An5yefgmz7shxh65qbmogk3xbte Spotify: https://open.spotify.com/artist/4C9aYu7Wb1wet1y9vpzXKe Tidal: https://tidal.com/artist/6342127 Listen to The Blue Poet Tree Podcast: Apple: https://itunes.apple.com/us/podcast/blue-poet-tree/id1436190158?mt=2&uo=4 Google: https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy82Y2M4ZTA4L3BvZGNhc3QvcnNz Spotify: https://open.spotify.com/show/0PH07Vkz8D584t5iTAOK4P Breaker: https://www.breaker.audio/blue-poet-tree-1 Castbox: https://castbox.fm/channel/id1444808 Overcast: https://overcast.fm/itunes1436190158/blue-poet-tree PocketCasts: https://pca.st/h0E4 RadioPublic: https://radiopublic.com/blue-poet-tree-GmRl59 Stitcher: https://www.stitcher.com/podcast/anchor-podcasts/blue-poet-tree --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Meet the six contestants in the first ever Steady Trade Paper Trading Challenge

Paychecks & Balances – Building Bread with Kevin Matthews– PB103 Today on Paychecks & Balances the guys sit down and have a lighthearted but inspiring talk with Kevin Matthews. Kevin is the founder of Building Bread, a company designed to inspire millennials to set, simplify and achieve financial goals. Kevin can be seen speaking around the country and has been featured in, Forbes, The New York Times, Wall Street Journal and Nerd Wallet, among others. He was also awarded one of Investopedia’s Top 100 Most Fluential Financial Advisors. In this episode you’ll learn where and how to start investing with little money, financial trends to avoid, how to plan for the death of your parents or in-laws and Stock Market points vs. percentages. Highlights: Figure out what you want to do with your finances. Are you looking to save, invest or pay off debt? The answer doesn’t have to be permanent and will vary with age and stages of life. Investment trends to avoid – Crypto currency and penny stocks in the marijuana industry. African Americans tend to invest more in real estate then the stock market, which can be advantageous in a rising real estate market but can hurt you financially if you’re not taking advantage of a rising stock market. Redlining – The systematic denial of various services to residents of specific, often racially associated, neighborhoods or communities, either directly or through the selective raising of prices.  Paper Trading by Investopedia is a great resource for beginners looking to invest but are confused or skeptical of the stock market. Paper Trading is a game that allows you to invest in real stocks with fake money, as a way to learn about the stock market. CD’s are a safe investment, however you’re only going to make a couple percent on your money each year, barely higher then inflation rates. Sit with your spouse and discuss a strategy to help take care of the family for when you parents or in-laws pass away. Stock Market corrections happen every ten years on average. A correction is a decline of 10% or more. A stock market crash is when the market drops 20% or more. Stock Market moving percentages are what experts are analyzing, not points. When you’re younger you’re going to want to put more of your income into investments. As you age you want to your income to savings ratio to eventually level out to 50/50. Your employer is the best place to get started investing. Most companies offer some type of 401k or investment plan. It’s a great jumping off point if you don’t know anything about investing. The Takeaway: Avoid get rich quick investment trends, use your employer to invest, plan for the passing of your parents and don’t worry when the stock market drops a couple hundred points.   Paychecks & Balances Website: https://paychecksandbalances.com/ https://www.patreon.com/paybalances Instagram: @paybalances Facebook: https://www.facebook.com/paychecksandbalances Twitter: @paybalances   Kevin Matthews Website: https://www.buildingbread.com/ Facebook: https://www.facebook.com/BuildingBread Instagram: @buildingbread Twitter: @buildingbread              

In this episode, Mark is joined by Ravi Jain and Andrew Actman from Sterling Trading Tech. They discuss: What's new in Sterling Vol Trader? Integrations and subsequent challenges What is driving growth? Taking on real-time risk analytics Cloud-based services Keeping costs down Thoughts on crypto Potential crypto partnerships Advanced trading simulator And more...

In this episode, Mark is joined by Ravi Jain and Andrew Actman from Sterling Trading Tech. They discuss: What's new in Sterling Vol Trader? Integrations and subsequent challenges What is driving growth? Taking on real-time risk analytics Cloud-based services Keeping costs down Thoughts on crypto Potential crypto partnerships Advanced trading simulator And more...

Tim and Stephen wrap up the 14-part Trader Checklist Review and tease an upcoming Paper Trading competition.

In this episode of Truth About FX, Walter digs into the psychology on why demo trading is more profitable than live accounts. He shares how “desensitizing” yourself can help you overcome your trading fears…And how keeping a journal can bring you one step closer into correctly executing your trades and bringing in the profits. Download (Duration:... The post EP143: Why Is Paper Trading More “Profitable”? appeared first on Truth About Forex Trading Podcast.

Jason Brown is an options trader and the founder and Senior Coach at The Brown Report, an online coaching company dedicated to helping stock traders and investors improve their skills, avoid mistakes, and make smarter investing decisions. He has over a decade of experience as a stock and options trader, holds a bachelor's degree in Finance, and is the creator and facilitator of several investing courses. He is passionate about helping others unlock the financial power and potential of the stock market to create the financial freedom they deserve. Jason joins me today to share his journey into investing in the stock market as well as the mistakes he has made and lessons he has learned along the way. He explains how he took $10,000 in student loans and turned it into six-figures by investing in the stock market. He also shares valuable tips and strategies for entrepreneurs considering investing in the stock market and share strategies to help you make smart investing decisions as a new investor.   “Once you have the education, you will find the money.” - Jason Brown   In This Episode of The Sigrun Show: Lessons he has learned throughout his investing career. Growing $10,000 into six-figures. Understanding stock market trends, company financials, and charts. Identifying what companies you should invest in. The challenge of overcoming fear and greed as a new investor. The importance of investing in your education. What is Paper Trading? Finding investing strategies that work with your schedule. What are Index Funds?   Key Takeaways: Be humble and embrace that you won't understand it - at first. Invest in learning how to do it. Practice what you learn before investing real money.   Connect with Jason Brown: The Brown Report The Brown Report - Stock Report Podcast Stock Market Secrets Webinar The Brown Report on YouTube Please share, subscribe and review on iTunes Thank you for joining me on this episode of the Sigrun Show. If you enjoyed this episode, please share, subscribe and review on iTunes or Google Play Music so more people can enjoy the show. Don't forget to follow and connect with me on Facebook, Twitter, and Instagram! Get Your Free Training Through my own entrepreneurial journey and by training thousands of online entrepreneurs I've identified 7 STAGES of a Profitable Online Business. Get free access to the 7 Stages training videos and take your online business to the next stage.

Actively trading the markets and managing a portfolio is fun, exciting and can bevery lucrative. Unfortunately, if you don’t approach with caution and have a solidplan, the market will humble you; quickly.The question is: what’s the difference between traders who routinely takeconsistent profits out of the market, and those that struggle to ever gain traction?This podcast episode will tell you. And to help, I’ve got my friend Donny Schwartzjoining me on Podcast 001.We were lucky enough to speak with Donny Schwartz, a career trader, to get someamazing tips, tricks and tidbits on the topic he sees as the most important to learnfor any trader.Donny shares some of the most common problems he’s personally seen in traders,and provides you with his Top 5 ways to protect and grow your trading account.(1:11) What I’ve noticed with my coaching clients.(3:08) The Biggest Take Away.(4:03) Thoughts on Paper Trading.(5:35) How long does it take a professional to get comfortable in a new market?(9:37) Frequent Stop Outs?(11:45) Trade Size/Stop Width.(12:10) Not in front of the monitor all day?(13:30) Relative Value Trading.(15:30) The market will do what it wants.(16:18) Hold yourself accountable.(17:00) What can you control.(17:40) Consistency(20:21) An Important Ratio Losing:Winning(21:15) I’m not Consistent, what should I do?(22:30) Focus(24:05) Growth. Vertical? Horizontal?(26:00) What should I trade?(27:02) Summary(31:19) Free Stuff?!? See acast.com/privacy for privacy and opt-out information.

Show notes: http://optionalpha.com/show66Paper trading has its place in the investing world, but it likely isn't as useful as many brokers and financial gurus make it out to be. In fact, I'd even argue that if you are currently paper trading you're probably not using the virtual platforms to get the optimal experience out of them. Now, I won't deny that paper trading does have some benefits in helping traders learn the mechanics, but the drawbacks, in my opinion, outweigh the perceived usefulness.In today's newest podcast episode, I'll walk you through all the major pitfalls new investors make when trying to paper trade stocks and options. And if you're still adamant about paper trading, that's fine too because I'll help you get 10x more results from your paper trading activities by accelerating your learning curve with a few simple tweaks. Ultimately, at some point, you've got to make the jump into real money trading and the sooner you do the better off you'll be. There's no substitute for real-world, real-money experience in this business.

Earlier today, I nearly spit out my La Croix all over my computer. I don't know if you saw this, but If not, you're going to get a kick out of this. One of the most recent technological advances is the creation of a virtual reality sex suit. Yeah, now if you're into that kind of thing (No judgement) here's how it works. The kit uses a special headset and a bodysuit with sensors attached. And the whole point of it is to give men the notion they're having intercourse. It even comes with a moving machine designed to simulate breasts. For just $430 you can send impulses all over your body to make it feel like a woman is touching you. Oh yeah, baby! Then the article finishes off with saying (No pun intended): "The suit is revolutionizing sexual pleasure, and bringing sexuality to the forefront for all to enjoy." Just think about how that conversation with the wife would go if she walks in on you all suited up. It got me thinking, not about the suit, but how this VR sex suit idea reminds me of simulated trading or paper trading. Either way, you're just living in fantasyland. You see, in my opinion, paper trading is useless! The only benefit it provides is first learning how to use your trading platform. I know many people say it's an excellent way to get started. But I beg to differ. Reason being, if you're serious about trading, you need to have some skin in the game. And a sensible way to get started is to put on one contract, start small, and use defined risk. Contrary to what you want; it's not about making money right away. It's about getting going and learning how to stay consistent. Most are not realistic about the game they're getting involved with because they are expecting overnight success, which is just foolish. Think about it… it's just like making love. The 100th time you've done it, you're going to be MUCH better at it, than the first time around. But you'll never make it to the 100th time if you stay in your comfort zone. Instead, you'll stay stuck with something easy like a VR sex suit or watching internet porn. So if you're serious about mastering options trading and want a teacher you wished you had when you first lost your virginity. I've interviewed 12 of best traders in the world who will tell you exactly what to do exactly so you can quickly create massive success from the markets like them and you will also learn some of their closely guarded secrets. You can find these thought stimulating interviews here: https://sizzle.samcart.com/products/investor-audio-interviews To your wealth, freedom and options! Joshua Belanger

Here are some suggestion for building your confidence with paper trading. Trading Futures, Options on Futures, Commodities, Stocks, Options on Stocks and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time

Here is my experience on trading on Interactive Broker and Think and Swim, hopefully it will be helpful to you. Trading Futures, Options on Futures, Commodities, Stocks, Options on Stocks and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

As you start to trade, are you being honest with yourself, have done the paper trading, have your started small , do you have a money management plan for your trading. Well if your not honest with your self I can promise you you will lose money and it could get very expensive for you. Do your homework, think about your trading and develop a conservative mentally and you will success.

Paper Trade, Paper Trade, Paper Trade, it is the most important thing you can do to be a successful trader. Paper trading or Virtual trading is when you practice trading on your trading platform, but it is simulated using pretend money. You will be making trades exactly like a live account but you’re not making or losing any real money. Why is it important? Listen to this issue to find out!