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papertrading

jmoney said: "what is it and how do you do it? i have an idea of what it is but if i dont do this right god only knows what will happen when it comes to real money! thanks!!"

thezster said: ""Paper trading" is trading on paper :rolleyes: Buy/sell stocks/options/futures on paper instead of with cash. Make your picks as if you were spending your own money... Set an amount to play with that mirrors your potential investment.... Get a piece of paper...... or ledger if you want to look official..... and track your "trades".... ie: 10/18/2005 bought 3000 shares BUD @ $42 10/19/2005 sold 3000 shares BUD @ $42.25 track your profits/loss for a period of time.... Don't forget to subtract commissions See if you make money or lose money..... Though, you will find it's easier to play with paper than it is real money..."

jmoney said: "thanks thez! just wanted to make sure."

jmoney said: "started paper trading today!! initial investment of 2k which bought me about 50 shares. down 250 bucks. only the first day though. i'm hooked already!! is that bad??????"

jmoney said: "bought 50 shares at 47.06 at 1pm. now, the numbers on the chart at 10pm are: last trade 47.11, prev. close 47.54, and change of -.43. i know where the .43 comes from but did i gain 5 cents per share or lose .43 per share??? i'm confused."

HappyHarry said: "There is also something called "After hours trading" nowadays. Maybe some shares sold after hours."