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One of the things I did when I got started was I would print out the charts and I would put where I thought a good entry was where I thought the stock could run to and where I would stop if it didn't work all on paper. Okay, then at the end of the day or the next morning I'd bring up that chart and I would look and see how that stock reacted. At those levels it hit the entry. Did it Spike to the goal.

Did it immediately pull back? Did it go sideways? So I was creating that mental muscle memory even though I wasn't trading these stocks and paper trading is the same way? I mean in essence, I was paper trading truly paper trading and just hey, start putting some money aside. You know, start today. paper trading, start putting 100 bucks a couple hundred bucks a week or a month into us. you know, into a money market account and then now you're still learning.

Then, six months a year from now, you got a little cash to trade with.

By Stock Chat

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One thought on “Gain trading experience without risking your money”
  1. Avataaar/Circle Created with python_avatars Brandon Weisinger says:

    Great idea.. this way you can eventually physically look at & see all the trades made + evaluate each one and/or all and learn from you’re errors!

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