DogecoinEducation
Lesson 3 - Paper Trading Is Not Silly
Paper trading is the equivalent of being given monopoly money to trade on real world assets. Silly when you think about it; why bother using something that does not provide realized gains. It is all about perspective, because the realized gains is not in cash, but knowledge.
For newcomers and existing traders it is important to have your emotions in check, and to keep your expectations realistic; paper trading helps with this(as long as you do not cheat the system, by creating new funny money or accounts when you lose). Discipline, patience, and creating trade plans, are just a few things that paper trading helps to improve.
Do not skip out on it, and definitely do not make excuses on why you cannot use it. It is a timeless tool that aids veteran traders like myself. Growing a 100k account to over $5 million is not impossible, you just need a "silly" tool like this to help you get there.
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback.
"Keeping it short and sweet as always."
- assetsandcoffee📈☕
Links Relevant To This Post
tradingview.com/support/solutions/43000516466-paper-trading-main-functionality/
For newcomers and existing traders it is important to have your emotions in check, and to keep your expectations realistic; paper trading helps with this(as long as you do not cheat the system, by creating new funny money or accounts when you lose). Discipline, patience, and creating trade plans, are just a few things that paper trading helps to improve.
Do not skip out on it, and definitely do not make excuses on why you cannot use it. It is a timeless tool that aids veteran traders like myself. Growing a 100k account to over $5 million is not impossible, you just need a "silly" tool like this to help you get there.
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback.
"Keeping it short and sweet as always."
- assetsandcoffee📈☕
Links Relevant To This Post
tradingview.com/support/solutions/43000516466-paper-trading-main-functionality/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.