thinkorswim® paperMoney®: Stock Trading Simulator Tutorial

thinkorswim® paperMoney® is a trading simulation platform that lets you practice trading in realistic market conditions without risking any real money. In this tutorial, we'll demonstrate how to download and use paperMoney and place simulated stock trades.

Schwab clients can log in and access the thinkorswim® platform here:  https://www.schwab.com/getthinkorswim
Not a Schwab client? Learn more about the thinkorswim® platform: https://www.schwab.com/thinkorswim

0:00: Welcome
0:32: paperMoney overview
0:53: Account types and balances
1:11: Adding stock buying power
1:55: Adding a watchlist to the left sidebar
2:55: Stock symbol lookup
3:40: Linking your watchlist to the symbol lookup
4:25: Creating an order to buy or sell stock
5:15: Editing, reviewing, and sending a limit order to buy stock
6:20: Creating and sending a market order to buy stock
7:25: Monitoring orders and positions
8:35: Creating a closing order using a limit order
9:50: Creating a closing order using a stop market order
10:45: Adjusting a position
12:00: Changing the order price
13:00: Customizing the Trade Grid: Adding Live News, Dashboard, and Level II Quotes
14:43: Introduction to thinkorswim charts
16:00: Adding a study to your chart
17:00: Changing the time frame of your chart
17:45: Trading from your chart
19:18: Introduction to the Scan tab: Scanning for stocks
21:00: Adding virtual cash
22:08: Resetting your paperMoney account

For more thinkorswim tutorials, visit the thinkorswim Learning Center: toslc.thinkorswim.com

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