Education, paper trading and live trading with low shares should be used together to acheive success in the stock market.
What is Paper Trading?
-Trading stocks with a fake account or with fake money
-A way to practice before doing live trading
How to Train:
-Get as much education as possible
-Begin paper trading
-Do live trading on low shares in order to gain experience (if you have a stock worth $50/share, don't trade more than 5 shares
-Example: as the stock market goes up, add 1 share (this will cost you commissions, but you will gain experience), and continue adding one share at a time as it goes up.
-Commissions can cost from $5-$40 per trade. You will be losing money. This business requires your time and money in order to gain education.
-Put these numbers into an excel spreadsheet and multiply them based on the number of shares you want to trade in the future. See if you're making a healthy profit.
-If you're consistently successful and you're trading properly, then begin live trading with larger shares.
Why Live Trading With Low Shares is Essential
-The problem with paper trading is the trade executions will fill automatically, but they might not in live trading: stocks might be more scarce, trade timing might be off, etc.
-Your mindset is changed in live trading (anxiety, fear, you're using real money, etc)
-Many people are successful with paper trading, but not with live trading initially
-If you go right from paper trading to live trading with larger shares, you're likely to lose a lot of money
#papertrading #tradingpaper #tradestocks #stocktrading #tradingstocks #paperstocks
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📑 ABOUT TRADERSFLY
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry, especially if you are new. Watch my free educational training videos to avoid making big mistakes and just to continue to get better.
Stock trading and investing is a long journey – it doesn't happen overnight. If you are interested to share some insight or contribute to the community we'd love to have you subscribe and join us!
Great videos Sasha!
All of us over at Anyone Can Teach love the content you are providing to the education community, keep up the great work!
Very helpful!
Great video as always Sasha 🙂
Ashawndra Edwards MNತೆಮಿಳುಸಿರಿಯಲ್ವ
Some brokerages let you trade certain securities, such as their own ETFs, commission-free.
Sasha, great video~
Any suggestions on where I can go for step 1, education?
Thank you, Sasha. Your videos are very simple to understand and yet provide great amount of details to beginners like me.. I’m from India and most of your videos hold good for Indian stock markets, as well. Please continue with your great work of enlightening others with your knowledge 🙂
Hi Sasha! I enjoy your videos 🙂 I find it interesting that you said to load up more shares as the stock goes up (I tend to shave off shares to secure some profit). Is there a video that explains this strategy? I know it has to do with not buying all of the shares upfront.
Thanks Sasha, the best advise I’ve ever received.
your help would really mean a lot to me thanks.
I appreciate this video. I always wondered the difference between paper and real trading.
Great videos I been watching all of them really informal
Thanks for videos! It is really easy to follow you.
One question related to the “live trading” with one or two stocks. What about brokers which charge per stock price? Is it a real option to be able to train more or they have other limitations like minimal amount of stocks to trade?
The best videos on the subject of trading are yours! I wish I’d found your site 15 years ago :)) you probably just started then! hope it’s not too late @55
Sasha Evdakov Do you need a broker for paper trading too? Sorry, if it sounds dumb but i’m trying to trade with some play-money.
tray Stevenson no. Just go to investopedia and create an account. It’s free and it will provide you with a simulator. They give you fake money but everything else is real (prices, fees, fluctuations, volatility, etc).
Shoorik Z it’s never too late and age is just a number. It’s all about mindset. I’m starting now with trading for the 1st time and I’ve just turned 51… No one can tell me I can’t do what I want, but me😊🙏🏾 Go for it,
Loving all the great content! I have a very broad question, not really seeking an answer more so just tips. With so many options between the various industries and companies, how do you go about “filtering” through the less significant options, and finding the “winners”? Of course consistent research will help but are there any tips you have for what stocks i should really focus on and which i should avoid? Thanks in advance and keep up the great work!
+Sasha Evdakov (TradersFly) appreciate the quick reply
your videos are amazing but I’m still trying to figure out about prices on the shares once you buy shares (example you buy them at 30.50) and they go up and you buy more shares at what prices would you be buying the shares? at the original price or current price
!,
sir ..please make some video about the topic of great depression that happened in America during 1929.
Thank you Sasha for honest and easy instructions for something so serious for all of us.
I can see myself earning and not killing myself with self doubt. Thank You. 🙂
Good stuff Sasha. Thanks for all the information you are putting out there.
When placing a market order, the simulator can automatically match me with a historical limit order. However, when placing a limit order, the simulator has the task of generating fake interest and a fake buyer.
Is it then logical to conclude that paper trading with market orders is a more realistic experience than paper trading with limit orders?
We have developed an app paper.trade We will be glad to receive a feedback.