You Have Nothing to Lose When Playing With paperMoney®

You know what they day: practice makes perfect! Improve your trading skills by practicing with thinkorswim's paperMoney.
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Do you know what pilots, product engineers and online gamers all have in common? At some point in their lives they have likely all used computer simulation programs to sharpen their skills.

Now you can join their ranks by practicing trading with paperMoney®.

Practice makes perfect

You have probably heard it around a thousand times, but the reality is, traders (or traders in training) will never be perfect. Does that mean you should toss the idea of practicing out the window? Of course not.

In trading, and all investing for that matter, it’s just as important to learn what not to do as what to do. With the paperMoney® simulator, you can practice whenever you want and without putting any money on the line.

Practice Makes All the Difference

  • paperMoney® allows you to test new strategies. Maybe you’ve just experienced a disastrous summer grill out and are determined to sell Live Cattle futures contracts after every rainy weekend. Or just maybe knock yourself out and buy options straddles on every social networking or biotech stock that crosses your path. Here’s your chance to see what might work and what might not work without risking your hard earned dollars.

  • paperMoney® leaves fingerprints. Grab your best Sherlock Holmes hat and look for evidence of what really happened in your latest black box trading strategy. The platform will allow you to easily retrieve key information for analysis. This isn’t your typical static data entry portfolio that can be found anywhere on the web. This is a living, breathing, creature that’ll allow you to check the exact second, minute and day your trade was executed, cancelled, or replaced.

  • paperMoney® fires your bookkeeper. The idea of tracking your progress by keeping a trading journal certainly isn’t new. But with the old method you would have spent countless hours manually filling out computer spreadsheets or hunched over a spiral notebook with a pen and ruler. paperMoney® details all your trades (including paper commissions) and will spit out data in the form of profit and loss analysis over multiple time periods: today, year-to-date, or since the trade was opened, for example. And if you’re having a tough time quitting your old spreadsheets cold turkey, you can even export paperMoney® data into your preferred format.

You can also reset your paperMoney® account at any time to return to your original settings. Go to Monitor Page, then Activity and Positions, right click on your position and select Reset all positions.

Even if you’ve already downloaded paperMoney®, check back regularly for updates. Remember, paperMoney® is a great place for a risk-free try out of new trading platform features and your strategies before going live.

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Do Not Sell or Share My Personal Information

Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.

Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.

Straddles, and other multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return. These are advanced option strategies and often involve greater risk, and more complex risk, than basic options trades.

The paperMoney software application is for educational purposes only. Successful virtual trading during one time period does not guarantee successful
investing of actual funds during a later time period as market conditions change continuously.

TD Ameritrade is separate from and not affiliated with CNBC, and is not responsible for their product, publications, policies, or services.


Market volatility, volume, and system availability may delay account access and trade executions.

Past performance of a security or strategy does not guarantee future results or success.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2023 Charles Schwab & Co. Inc. All rights reserved.

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