 You gotta practice. What's up, money geeks, Mr. V here. Welcome to another video, guys. So in today's video, we're gonna talk about paper trading. When it comes to you investing in the stock market, there's two things, right? Most people are so scared because they think the stock market is so complicated. Number two is that most people think they don't have enough money to invest in the stock market. All those two things might be true or might not be true depending on who you talk to. So if you want to drive a car, what do you do? You know, you practice, just make sure that you know what it means to get on the freeway and drive. Similarly, with just investing in the stock market, you want to understand exactly what the stock market is, understand the basic terminologies and understand what it means to buy and sell a stock. So what better way for you to do that than to actually practice with fake money, not your own money, because for you guys starting out, I'm not gonna encourage you to just start with your own physical cash. I'll say if you can practice again with paper money, which is fake money, and just learn the terminologies, that would really come in handy for you. So before we actually jump into the details, guys, into this video, if you're new to the channel, we talk about how to earn money, how to save money, how to invest money and build wealth. So if that's something that really interests you, go ahead and hit that subscribe button and the notification bell, because YouTube is not gonna notify you if you don't hit that bell, or you're not gonna make money trading if you don't hit that bell. Okay, that was just a joke. Anyways, so there's multiple platforms out there that you can actually practice how to buy and sell stocks with fake money. And to this video, we're gonna be looking at Weibo. I've talked about Weibo here on the channel. I most recently posted a video as to how transferring your assets from Robinhood to Weibo. I've done a review on Weibo here on the channel. I'm gonna hook those up here so you can definitely go check it out. So we're gonna jump into it. I'll show you guys exactly what it means to buy and sell stocks using Weibo, which is fake money. So let's jump right in. So the first step for you is to go to Weibo.com. If you haven't already signed up for Weibo, I would encourage you to sign up for Weibo. And I'm gonna put the link in the description below. If you do sign up using my link in the description below, you get two free stocks. The first one would be between $12 and $250. And the second stock would be between $12 and $1,400. So definitely use my link. And again, it's an affiliate link. So when you use that link, I get a free stock from Weibo as well. So that's something that helps me out, continue to put out content. So again, you can sign out without using my link, but if you wanna help me, you can definitely use my link. That does help me a lot. So once you have your Weibo account, everything's set up for you in Weibo. You just come up here. If you go to, say, trade on the website, it's gonna open your trading platform on the web so you can also do that on your phone. You open your trading platform on the web. And specifically, we want to go to, so if you're on the left hand here, if you go to paper trading, and then it's gonna open this window for you. So now you are in the paper trading window. So they give you, setting out, they give you a thing, a million dollar buying power. And you can totally change that number and reduce the number. So, but in this case, let's say we have a million dollars. As you can see, my profit and loss ratio. Right now, I have made $21,000 trading and just buying and selling stocks. But again, that's fake money, right? So, and this, I did some tricks today. That's how I like today. If you see today, I made $11,600 for some trades that I pulled through. So, but again, this is all fake money. So it's not real. Don't take this serious. So basically, once you come in here, for you to start trading, you want to know exactly which companies you want to trade. Let's take for instance, I'll use a company that you guys are all familiar with, right? Let's say if I look for Facebook and Facebook comes up and I load Facebook in here, right? So this is Facebook. So it's got a paper trading again. So Facebook is loaded. And now I'm because like, hey, right now Facebook is trading at, let's say a hundred and, let's say a hundred and 75 dollars. And you can go here and say you want 50 shares of Facebook at that price. So some of the things I'm gonna explain to you, if I do this drop down, see, there's a limit price and there's a market price. So markets open between 8.30 and 3 p.m. central time. And so if you're Eastern, you just add one hour. If you're, I think, Western, you minus one hour. So that's for us in the Midwest, it goes from 8.30 to 3 p.m. So that's when the market, so if you choose a price here as a market, it means it would execute during that time. If the market is closed, that's not gonna execute. Then you choose a limit order. Limit order just simply means that you choose a price that you're comfortable paying for that particular stock. So let's say for instance, if I can zoom in here into this chart, you can see that Facebook is at 175, that's still low. If you look back, let's go back a little bit. You can see that Facebook was at 177 at some point after hours or during the day, 178 during the day. So what I would do is you decide how much you want to. Let's say I want to pay just 175 for Facebook. Then I'll say 175, that's my limit price. And I want 50. And I want this trade to happen during the day because you have, so I want this trade to happen during the day. Do I want it to happen within extended hours? If I say yes, extended hours means that this trade would happen after the market closes because there's certain stocks that continues to trade even after the market is closed. They have two hours. So from 3 p.m. to 5 p.m., you have after-hours trading and from 8 to 8.30 p.m., you have pre-market trading. So some stocks do trade in that window. So if you care about buying and selling within that window, you can select yes, you want extended hours. And then you just select right here if I say, so I have to select, so I want to buy. So I have to choose buy. And I say trade. Watch, right now it says it's working on it, so it hasn't been filled yet. Once this trade is filled, it's going to move over from this window. It's going to come over here and that's going to be the position that I've actually bought. And then what's having here, it's going to show me my P&L, which is profit and gain. So if it's red means I'm losing money. If it's green means I'm making money, which is always awesome. As soon as you feel comfortable, you say, hey, now that I have that position, it's gone up, let's say, 15, 20, 30, 40, $50. You want to take the profit, then you can come in here. It's just that simple. You come into the selling window, you select sell and then you can choose the limit order. You say, oh, now this stock is at, say, 177. Or you say you want to sell that 177 and then you place a trade. Oh, sorry, I didn't choose the quantity. So let's say 50. And then you pick the trade. So you can say, hey, I want to sell this. And then if it's there, you're going to sell that particular one. So the only reason this one's didn't execute is because the buy didn't execute. So the sell is not going to execute yet. So that is very simple. You can practice with any stock that you possibly think of from Google to Amazon, buy, sell, just test it. During the day and see if that works out for you. See if you understand the concept, what it means to buy and sell a stock. And again, this is not designed for you to go out and be a day trader. This is just designed for you to understand the concepts of being able to buy and sell a stock and investing in the stock market. I'm assuming that you're somebody that wants to invest your money and let it grow. So this would be an opportunity for you to be able to learn. So that is the basics of it. There's so much in Weibo that we can go talk about. But for today, I'm just going to leave it right here just to show you guys the basics how to buy and sell stocks using Weibo's paper trading, which is the platform that they provide for you to be able to practice trading. So that's it for you guys. So if you like what you see, go ahead and give that thumbs up. And if it's useful to you, share it with one friend. And if you think that what we're doing here is great, go ahead and hit that subscribe button and the notification bell because it does help the channel grow. Question of the day, if you use paper trading before, if not, are you going to try it after watching this video? Guys, don't forget again, use the link in the description below to open a Weibo account. You get two free stocks, one that's worth between $12 and $250, and the second one that's between $12 and $1,400. Totally free at no cost to you. And as always guys, stay safe, stay motivated.