06-04-2021, 04:05 AM
(06-03-2021, 05:56 PM)Jake2015 Wrote:(06-03-2021, 05:31 PM)CatMan Wrote: I'd recommend paper trading for awhile before ever investing with real money. Build your circle of competence in an area, the smaller the better to start. See the results through your paper trading, then execute in real life. Getting over the possible psychological turmoil of being in the market takes experience, though. Learning to not let the waves of emotion throughout the market sway you, will help you massively. That you can't train for, it just has to be developed over time.
And of course never invest money you need, or aren't prepared to lose.
Hope you're doing good with things otherwise.
Whats paper trading? is there any game/app that allows you to trade without actually using real money at all?
Thank you for the advice bro!
yeah all is well just always journalling and hoping more execution becomes evident for me lol hope all is well with you too otherwise?
Paper trading is a term that means you make a portfolio yourself, set aside the money in pretend to buy x number of shares that you wanted to invest in, and then watch how they perform. It's a simulation of actual investing, not actually investing. It's done to learn how to pick things to invest in, to understand the market etc. I suggested it because investing before such a period of learning usually results in losses, frustration etc.
