I've been looking for a good papertrading site to get back into trading. I'm in my late 20s, a doctor who is towards the end of residency and wanting to play around with my measly retirement account. I found out about Tradermob via another forum (reddit) and it was a pretty easy setup, and free. They allow trading in Options, Weeklies, and Stocks. Wanting to know how many other people have tried it around here, and if there is anything better out there. The site link is: www.Tradermob.com
"Play around with your measly retirement account"??? Shill alarms ringing....you sound like the typical snake oil salesman. Thanks but most brokers already offer paper trading capabilities. What a shitty UI by the way...
Umm, it's my retirement account. I'm not sure what's so weird about that...does everyone here have a big retirement account? Also, you do realize they are free, right? On a more productive note, what brokers have good paper trading platforms? And can I access them even without having a trading account with them?
You are in your late 20s and gamble away your retirement account? Seriously? IB has a good paper trading account setup. But you need to fund your account. No problem if, as you said, you truly intend to learn and you "play" your retirement account anyway. Unless of course you are selling an IT product here. (Which is in urgent need to revamp it's UI)
Welcome to ET. Never tried Tradermob. If it's play money, what's the harm? Search ET for papertrading. You should find lots of old resources. As for volpunter...he's our paranoid schizophrenic welcoming committee. He keeps all the vendor trash out. Awesome fucking job volpunter. P.S. volpunter is german and likes to be verbally abused. He's waiting for you to lash out at him.
Keeping vendor trash out. You perfectly got my point Guile. I could not have summed it up better. And sure I have a thick skin...someone tough at giving has to be able to take some. Especially from lemmings such as you. Let's keep the site at some minimum quality standard even that might be unachievable in the end but not for lack of trying
Before this thread devolves into a shit show... I'll try and add something useful. Check out www.volcube.com. Made by an ex prop trader, seems reputable. It is a lot better than Tradermob. Learn from somebody who knows what they are doing, not the crowd or the mob.
Lol, maybe not wanting to gamble all of it away. I would like to have a retirement when I'm 50, and at the current rate it's been going...I'm better managing it myself and learn something on the way. I'm scared of moving money out of my account and into an IRA. Would like to get some practice first, hence I've been looking into papertrading.
Best way to learn to trade by back testing and practice before real time. But don't let a few months think you have it down Doc, I back test over fifty years of weekly data for stocks and up to ten years of option data so by time I am ready to sim trade, I know if my ideas will work and know the stats big time. A few years of back testing in not good at all, cause most of the time still 2009 has been slanted up. For $1089, you could purchase most softwares you can program.