Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Can paper trading help you get a better outcome in stock trading?
Views 131K Contents 207

Can paper trading help u get a better outcome in stock trading?

Definitely is YES .
Maybe little improvement
(Learn nothing on moomoo leverage system calculation & short-selling though...)

Your experience of using paper trading: How often do you use it? What are the outcomes?
I used it quite often .
Because I always have this thoughts, "what if I got a million free cash, will I really able to make out of it as I'd always complained about not enough for my investment plan & it's delaying me from becoming rich... ".
So, I need to find out & the truth is YES, what I'm lacking is maybe the capital (?) .
Outcome is quite positive overall , I got profited with the play sum of 1M virtual .
(At first was negative, but I made it back to positive )
Can paper trading help u get a better outcome in stock trading?
Not a lot, maybe not enough to buy toilet paper 🧻 (Just kidding ).


Differences between paper trading and real trading?
The difference is that u are more daring when it's just a virtual thing .
You know, something like playing poker card with no bet on .

Upsides of paper trading: Do skilled investors still need paper trading?
Unfortunately to say this, skill investors do not really need paper trading as they rather spend more time ⏳️ doing research on the real thing & making real .

Drawbacks of paper trading: Any pitfall to watch out for?
Yes, some ppls are so addicted into the virtual thing that they can't differentiate the real & fake. This where the downfall come when they really start to play leverage on the real thing & do not know what they are doing or can't afford to...
Also, moomoo leverage system is not that correct & the system seem a bit glitched about the margin call = I learn nothing on leverage from the paper trading ...

Suggestions on how to make the most of paper trading
It can train ur daringness mentality for those not so daring investors. But remember to know how to differentiate between the virtual & the real thing, if not we cannot go METAVERSE $Meta Platforms(META.US)$ .
By the way, moomoo should teach investors of their leverage system (The formula calculation) & check their paper trading leverage system is the same as the real thing so that we can practice on it .

Peace
DYODD before investing
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
2
2
+0
Translate
Report
44K Views
Comment
Sign in to post a comment
    DYODD before investing 👌
    2328Followers
    20Following
    3787Visitors
    Follow