Paper Trading Simulator - Here's what you need to know
Вставка
- Опубліковано 4 чер 2024
- Paper Trading Simulator - Does it make sense to use it?
Even in 2022, trading simulators are needed more than ever!
Intro: 0:00
Why Should You Paper Trade?: 2:58
How Long Should You Paper Trade?: 4:23
Where Do You Find A Simulator?: 5:07
Why You Should Keep Paper Trading, Even If You're Making Mistakes: 6:17
Read why stock market simulators are so important: www.rockwelltrading.com/artic...
First time on this channel? Learn to trade here: • First Time Here? - Wat...
To get the transcript and MP3, go to: www.rockwelltrading.com/coffe...
And for more stock market news, visit rockwelltrading.com.
Recommended Links & Videos:
My Trading Routine: mytradingroutine.com/
Think or Swim Paper Money Simulator: www.thinkorswim.com/t/index.h...
The PowerX Strategy Playlist: • The PowerX Strategy
The Wheel Strategy Playlist: • The Options Wheel Stra...
Wheel book: www.rockwelltrading.com/wheel...
PowerX Strategy Book: bit.ly/2wMQ7zW
#PaperTrading #OptionsTrading #optionsstrategies
I hope this answered some of your questions regarding paper trading simulators. If you have any other questions, let me know in the comments.
Recommended Links & Videos:
My Trading Routine: mytradingroutine.com/
Think or Swim Paper Money Simulator: www.thinkorswim.com/t/index.html#!/pmregister
The PowerX Strategy Playlist: ua-cam.com/play/PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB.html
The Wheel Strategy Playlist: ua-cam.com/play/PLBa3sAx-Io2nosgosERUhIZwzvIgD-3Vq.html
Wheel book: www.rockwelltrading.com/wheelbook
PowerX Strategy Book: bit.ly/2wMQ7zW
Thank you Markus , will certainly have a look @ this simulator ! Great stuff !!
Thank you, this is all new to me. Learning a lot.
I am glad this helps! :)
Thank you for that explanation Markus, would you also recommend Interactive Brokers TWS paper trading simulator?
Yes! I personally use them.
Yes, but in the flight simulator, there aren't paper airplanes...you should reset... Flying a messed up crashed plane doesn't help you learn...
But seriously:
1.) Paper trade without training, so you can see how most people who attempt trading fail.
2.) Get some Training and trading tools that you understand.
3.) Then Reset and try it again !
It's always 3 steps Markus !
P.S.- I tried unsuccessfully to negotiate with Rachel...
Love the 3 steps!
That's a great way to see how training can help you. I recently saw a video for fitness that had a similar idea: Do a certain exercise WITHOUT training, and then do it again after 2 training sessions. It was night and day. Same with trading.
And I would like to know more about the "unsuccessful negotiation" with Rachel. Can you shoot me an email to markus.heitkoetter@rockwelltrading.com and let me know what happened?
I now believe it's important to test you strategy before trade with real money . I agree 100℅ with you , because when I first started trading I was doing ok . Then when I change my strategy I lost a lot money .
We learn from mistakes. :)
Very helpful thanks!
Thank you for watching!
Markus, I am starting my simulator soon and wanted to know this. I watch Bayern games on saturday with fox sports 1. FS1.
Awesome! 😀 I used to be a big soccer fan, but watching the games on TV is not the same as being in the stadium!
Hey Marcus, thanks for the video. Is think or swim by Ameritrade a good broker for trading stocks with a live account ? I use the trading view scanner to search for US stocks but then find I cannot trade 50% of them as my broker doesn’t offer them. Also, Is the think or swim scanner better than trading view?
David H
Hi David, what do you mean by "my broker doesn’t offer them"? Who is your broker right now?
@@rockwelltradingservices Hi Marcus, My current broker is CMC Markets. They offer around 3,700 US stocks to trade, so far from all of them. Maybe I would be better off with Trade station which can be traded from Trading view.
Regards,
David H
CMC probably only offers "CFDs" on US stocks. And yes, I would definitely open an account with a "real" stock and options broker. Here's a comparison of the most popular brokers: ua-cam.com/video/4MoU-UiDAi4/v-deo.html
Does this help?
Think or swim doesn't allow this if you are not signed up to trade with them now. It seems they have discontinued that service.
very help full
I am glad that this helps!
It's been a couple years... Is Think or Swim still your top recommended simulator?
Yes. It is still one of my top recommendation. We also have updated the PowerX Optimizer and now it can also be integrated with Tradier.
Do you use any mobile stock trading simulator?
I suggest practicing with the ThinkOrSwim (TOS) simulator. You can register here: www.thinkorswim.com/t/index.html#!/pmregister
Although I prefer placing trades on their desktop platform, they do have a mobile app.
What is the minimum amount one needs to open an account with TD Ameritrade?
These days, ZERO dollars. You can open an account and don't need to fund it until you're ready.
Can you use your system to day trade
I use it all the time. You can check out how I use the PowerX Analyzer here: powerxanalyzer.com/
thanks. good info. I use ToS papermoney. I'm trying to do Buy Limit MOC orders to close a Short position, but it never executes... Any reasons why? My MOCs always go through with live trading
It's frustrating I can't see my true P/L for my strategies... thks!
That's a great question for TOS support. TOS support is excellent and they should be able to figure that one out for you.
can you walk us through a trade on the simulator?
Hi Scott, I don't use simulators any more. But I can show you how to place trades using my live accounts. Here's an example: ua-cam.com/video/SM0B2rk8n6Q/v-deo.html
Does this help?
Hey Markus, If I can make 90% returns using credit spreads on a thinkorswim paper trading account, can I expect to make 60-70% with real money?
Interesting opinion... I'm curious: What would YOU recommend?
Yes! I'm currently making around 90% per year by simply selling put options. 👍
@@rockwelltradingservices awesome, just wanted some assurance that this strategy that’s making me close to 90% on thinkorswim, would still be able to make me money with real money as well.
Keep up the good work!
Also I’m looking into subscribing to your quarterly alert service. Would you tell me how much you been averaging selling options in the last 5 years?
Hi Rony, I'm averaging 80% - 90% per year. But PLEASE don't base your decision on MY results. I'm really, really good at this and my results are not typical. Making sense? 👍
How to start first ?????
Hello there! You can join my class here www.rockwelltrading.com/free/trading-options-101/
I knew I should have paper traded 😁
Paper trading is good for learning a platform. It is not good for helping you trade.
God bless.
Hi Marcus, can you please also put your vids on Rumble please. We don't support censor tube. Or place all your vids on your own site only please? You'll get more subscribers and views too!
Hi John, we post all of these videos in our private network as well. Let me know if you would like to have access (it's free), and Cristy can send you the info. 👍
chinken nuggit