Paper Trading
I've been looking for a good paper trading simulator that can do options as well...I knew TD Ameritrade offered some paper trading capabilities but since I don't use my account, I never really gave it a look.
If you don't use TDA, you need to get an account...even if you have zero intention of putting money into it. When you register an account with TDA, you're also registered for their PaperMoney® deal. I haven't looked into it on my laptop so I'm not sure how it works on there, but if you use your mobile, it's accessible from their ThinkorSwim app. You can set limit orders, market orders, stop loss, etc...and trade options using it. It works IDENTICALLY to trading with real money, except it's just paper trading. They start you with $200,000 of paper money to play with so more than enough to restart until you develop consistency.
...now I just need to learn how to use the TOS app better. lol
But I highly recommend using this to practice until you can develop consistency and then switch to using real money whether it's with your TDA account or another brokerage.
“The two most important days in your life are the day you are born and the day you find out why.” —Mark Twain.
