Received 6 Karmas
StockTicker77
2
StockTicker77 Dec 16, 15 12:06 PM

Good job! I'd recommend using the same amount of money paper trading you'd use with real money. Helps make it more real, and then you also can see if you're making good trades with enough profit etc.

BowlesTrader5
2
BowlesTrader5 Dec 16, 15 1:20 PM

Just practice on taking profits early even when you're 100% certain that it will go higher, or lower if your shorting. Work on that in paper trading and it will help with real trading

Tunde1306
Tunde1306 Dec 16, 15 6:05 PM

When I paper trade I try to trade with a realistic amount. I trade with 1000 or a little under. I mean obviously it sucks to take profits early and see like a 20 dollar gain on a 1000 investment but as Tim has trained us, sometimes that's best case scenario and will eventually grow a small account.

DKingston
DKingston Dec 16, 15 6:24 PM

Thanks guys I'm going to try this tomorrow in my paper trading account. I have been studying a lot more intensely lately! I'm showing good improvement!

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