 Hello subscribers thank you for joining me here tonight this is the spy options trading channel and tonight is trading tip thursday and i'm so sorry that i'm just getting to this video i had to do a couple things that i didn't realize that i had to do and i'm just now getting around to doing this video so i'm so sorry about that for that i have two tips that kind of go hand in hand and that is tip number one do not paper trade for too long you guys i know certain people that when they first start trading they try to paper trade which is good absolutely but that will only get you so far why because it's a lot easier to say that you you're gonna buy here and sell there that's so much easier try actually executing on a trade and putting your emotions and your real money into play it's a whole different ballgame guys and believe me take it from me it's so hard to um to control your emotions when you're first starting off and not only whenever you're first starting off even season traders it's still hard to control your emotions and leave your emotions at the doors instead paper traded for maybe a week or so try to get the feel for the flow of how options or stocks or ETFs whatever your your trading whatever instrument that you're trading get a feel for how it moves get some sort of idea we all have to start out somewhere but then when you actually go into actually putting in your trade let's use for example let's say you have a thousand dollars to trade with that's your starting capital awesome great instead of actually trading that whole thousand dollars i don't ever recommend actually trading your entire portfolio at one trade never do that to begin with instead break it up into chunks say you have a thousand dollars uh go in with two hundred dollars three hundred dollars it's a small portion sure if you make money you're not going to make a whole lot of money and that's fine that's not necessarily what it's about when you start off but it's best to get your feet wet a little bit at a time and get a feel for how the markets actually move how your trades are going to get executed that's another one um you don't you don't get that feel of putting in a market sell or a limit sell and actually executing your actual money it's a lot different guys seriously it really is whenever you're just paper trading it's going to fill you in at the best possible price that doesn't necessarily happen all the time i'm sure from watching my videos i tell you a lot of the times whether i got a good price or got a bad price and anyways break up your your your money into chunks that way if you lose it's not that big of a deal you're not breaking the banks so to speak and if you make money great it's only going to be five ten fifteen twenty bucks but hey anything is better than losing right and those are your two tips for your triple t thursday if you like trading options or you like trading a period please hit that subscribe button down below like and share my videos comment below as well when you think about my videos do you like my videos do you hate my videos um maybe um give me some ideas for the future uh something that you might need help with something that you would like me to talk about anything that i can do to help you let me know comment below thank you so much for watching