This is Diego who's one of our new Lpp members He says thank you Ricky So far I'm watching your videos for beginners and opened a paper account I Thought it sted with actual money. but then after your video I realized I knew nothing. So what he's talking about is a paper trading account. It means that you can trade real stocks, but there's no real money, right? It's fake money that you're trading with.
So therefore you can gain real experience more than what you have now. But you don't risk any money. What's the number one thing you always hear about, right? The risk that always holds people back. At least it did for me for a little bit.
right? It's that. Well, the markets are super risky Ry and when you put money into it, obviously that money can be at risk, well, why not understand how to do something before actually doing it? And that's exactly what we break down in our Lpp lesson. Library It completely talks about the benefits of paper trading. So when you're watching me trade live every morning, you get to see my entries.
You get to see my exits. You're able to understand and also able to take your own trades without any monetary risk.
do you actually trade live?
Yeah in my opinion, paper trading is useless. The strategy you use in paper trading is meaningless compared to real trading because your emotions arent there. So when you actually go and start trading for real, you will make irrational decisions because you start realize that trading with real money is a different ball game, and will probably not follow through with your strategy.
I know you might not see this but ever since I started watching your videos and trading sqqq and tqqq I’ve been having insane returns and soon hoping to join the team. Love the videos💪🏻👍🏻