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Stock Market paper trading with a stock & options Trading Coach teaches you trading skills
to profit in bull or bear markets

Paper trading helps you develop a discipline and a track record for confidence building.

Would you swim with sharks without knowing something about shark behavior?

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PAPER TRADING
You don't make money, but than you don't lose any either.  Do lots of it.

 Today's "Trader Thoughts" FREE

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     So why paper trade?  Well, it beats losing real money and your trading coach wants you to do a lot of it.  You paper trade to learn and to develop good trading habits.  You learn how to read your charts, how to read the markets, how to find patterns, what to avoid, what to look for...and most importantly, you learn to trust your judgment and the chart patterns.  Get a record of accomplishment going in your paper trading then do the real thing.  You will sense when you're ready.

Either you know what you're doing or you don't.

    What is the difference between 'Forward' and 'Backward' trading?  In Forward trading, you find a stock, decide to trade it today in real time at the right edge of the chart and must wait, as in a real trade, for the outcome in the next few days.  In Backward trading, you are working in the past part of the chart, hiding the future, but making buy/sell decisions as if the day you are looking at, at the right edge, is today (the future part of the chart is covered or unseen).  The benefit is that you have instant knowledge if you called it right or wrong.  You can do hundreds of these on any one chart as you look for reversal points, resistance or support levels and the longer-term reversal or continuation patterns.  You will really benefit from backward trading.

Click here to download this paper trading tool from cboe.com


When you use a cleaning product for the first time they tell you to test
it on a hidden spot in case it messes up the color.

Paper trading is trading in that hidden spot.

 If you don't practice and see what you've done right or wrong...
how do you intend to improve?

 Nothing beats learning by real trading, but paper trade your brains out.
The object is not to see how much you can make, the object is for you
to practice chart reading, learn your trading platform, learn how to
enter orders, etc.  The object is to learn.

This is what you should see in your notes:

  •   What specifically did you see in the chart's indicators? chart checklist
  •   How is the sector doing? chart checklist
  •   What are the broad market conditions?  chart checklist
  •   Any other research you did that pushed you to act?  
  •   What off-chart events were you reacting to, if any?  off-chart checklist
  •   Where or how did you find this stock?
  •   Note, if there is a negative sign or two that you observed, you need to make note of that as well.
This is critically important when you review your trades ...it is what will help identify what is working for you and what is not.  In effect, it is the only way you have to improve as a trader, by eliminating what does not work and continuing on with what does.   Don't trust your memory, write it down.

How will you know what went wrong with the trade if you don't make note of the observable facts?

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