Now, I'm going to talk about just quickly paper trading, paper trading, you can do on paper, or there's a lot of free courses and programs on the internet that allows you to buy and sell within the market on paper, just to get used to using these different techniques. And it's a great way to introduce you to the methods that I'm going to go through with you. When you pay per trade, you take a theoretical amount could be $1,000 10,000, or even $100,000. And go ahead and buy and sell stocks, trading options, so on and so forth, as if it's real money. Then you can learn through the technique and keeping track of it, how it works. And all the ins and outs of the Commission's it's important when you paper trade, they do keep track commissions and subtract that from your total return.

So you can see in real life how much money you would be actually making Whenever I paper trade and I did paper trade, all the all the different trading strategies I'm going to go through with you, before I would do real trades, is if I bought the stock on paper, I would buy it at the highest dollar amount that was offered at real time. If I sold it, I sold it the lowest dollar amount real time. And I accounted for commissions in terms of buying selling, how much does the brokerage company charge me and that includes option contracts as well when you do options. proprietary trading is a good way to introduce how to do the system and how that works for you in real life. One thing on paper trading Just be aware of even though it's fake money, it's pretend money in real life when you start trading real money.

If you do suffer a loss and we all do eventually, you'll find out that it hurts a lot more than on paper. So paper trading can really help you in the techniques. But for the psychological aspects, it doesn't work as well as trading real money when you start to trade real money. Remember what I said here, you can lose money in the stock market. So you always want to start off slow and make sure it's money you can afford to lose. And that way, if the market works against you, for whatever reason, you suffer the loss, but you're not out of the game in come back and keep trading into successful.

So always pay portray, if you're unfamiliar with the techniques, the methods that we're teaching here, and always start off slow with money you can afford to lose. And as you gain experience in the market, and you do occasionally suffer a loss. You can get over those psychological hurdles, stay in the market and ultimately win