S3 E8 : PAPER TRADING : PRACTICE WITHOUT LOSING MONEY
“Train like a pilot before flying a real plane”
✈️ Imagine This:
A pilot never flies a real plane on Day 1.
First, they practice on a simulator —
- Same controls
- Same experience
- But no danger
🟢 That’s what Paper Trading is for you.
It’s a trading simulator.
Real charts, real prices…
But using fake money.
🤔 Why Is It Called "Paper" Trading?
Long ago, traders would write their fake trades on paper:
“I’m buying Reliance at ₹2,300.”
Then watch if it worked out — without using real money.
Today, we use apps and websites for the same thing.
🎮 What Paper Trading Teaches You:
✅ How to place orders (Buy/Sell)
✅ How to set Stop Loss and Targets
✅ How your strategy performs
✅ How your emotions react (nervous, greedy, patient?)
You’ll know:
“Can I handle a ₹500 loss mentally?”
“Do I panic too soon?”
🧠 Big Benefit:
You build confidence without losing money.
When you're ready, you enter the real market with skill — not fear.
🛠️ Where Can You Paper Trade?
Here are 3 free options to start:
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TradingView (India)
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Offers fake ₹1,00,000
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Easy to use
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Great for chart-based traders
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Sensibull (via Zerodha)
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Realistic options trading simulation
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Great for learning strategies
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Moneybhai by Moneycontrol
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Very beginner-friendly
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Track your performance over time
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🚀 Pro Tips:
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Treat it like real money.
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Don’t randomly trade just because it’s fake.
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Write a journal: Why did you enter? What did you feel?
🎯 Recap:
✅ Paper Trading = Practice zone for traders
✅ Uses fake money, real-time charts
✅ Builds confidence, tests strategies
✅ Use apps like TradingView, Sensibull, Moneybhai
✅ Helps you understand your emotions and improve skills
✅ A must before jumping into real trading