Paper trading is a great way to practice trading without risking real money. Thinkorswim is a popular online trading platform that offers paper trading accounts to help traders hone their skills. However, if you’ve been trading for a while, you may find that your paper trading account needs to be reset. Resetting your paper trading account on Thinkorswim is a simple process that can help you start fresh and practice new strategies. Here’s a step-by-step guide to resetting your paper trading account on Thinkorswim.
Step 1: Log into your Thinkorswim account.
Step 2: Click on the “Accounts” tab at the top of the page.
Step 3: Select the “Paper Trading” tab.
Step 4: Click on the “Reset” button.
Step 5: Enter the amount of money you want to start with in your paper trading account.
Step 6: Click “Reset” to confirm the reset.
That’s it! Your paper trading account has now been reset and you can start trading with a fresh slate. It’s important to remember that resetting your paper trading account does not reset your real trading account. If you want to reset your real trading account, you’ll need to contact your broker.
Resetting your paper trading account on Thinkorswim is a great way to practice new strategies and get comfortable with the platform. With a fresh start, you can test out different strategies and see how they work in the real world. So if you’re looking to get a better handle on trading, resetting your paper trading account on Thinkorswim is a great place to start.