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What Is Paper Trading or Simulated Trading?
Lots of new traders join the markets every day. But the sad truth is that most of those lose all their money before they’ve properly learned how to trade. What differentiates the successful traders from those that fail before they’ve even started? We believe: a proper trading education.
A so-called “paper trading” account allows you to trade the market without risking real money in real time with the similar condition of a real account. Your order inside your day trading simulator will be executed and you will incur a win or loss depending on how your trade goes – but all of that is a simulated procedure. So you will essentially have the real trading experience – thinking about your risk, determining the best entry point, punching your hotkeys – but without the risk of losing money. This way, you can practice trading until you’re comfortable and profitable (many of our students trade the simulator for 3 months) – and go live once you’re in a position to protect your precious capital or, ideally, multiply it. As such, one day of trading in a simulator can be worth weeks of looking at static charts or reading books about trading.
We at Bear Bull Traders recommend a day trading simulator that exactly mirrors the day trading platform that you’ll later use as a live trader. The platform is provided by DAS TRADER, one of the few Nasdaq Platinum Certified Order Entry Platforms.
With the DAS day trading simulator, the only difference is that DAS will be linked to a paper trading account instead of your real account at your brokerage. This way, switching from practicing to trading with real money is as easy as pushing a button and changing your account inside DAS trader.
$150 per month
(Regular Price by DAS Trader)
$100 per month
(Exclusive to Bear Bull Traders; See Membership Table)
Our Simulator is provdied by DAS Trader: Nasdaq Platinum Certifed Partner
(offering the highest level of quality and market functionality)
- Please note the 14 days free trial includes Nasdaq real-time TotalView data, but NYSE quotes are 20-min delayed. However, paid version of DAS Trader Pro simulator ($100/month for our traders) has real-time access to all Exchanges.
- DAS Trader Pro is designed and recommended to run on Windows machines only. Mac/iOs users can operate DAS with a Windows/iOS interface. Please watch this instructional video by DAS (link).
What our Students Say About Bear Bull Traders Education
(Does not auto-renew)
- All prices are in USD and include all state and local taxes and fees.
- Bear Bull Traders exclusive discounted real-time simulator is provided by DAS Trader Pro (Nasdaq Certified Platinum Partner) with Nasdaq TotalView Level 2 market depth at $100/month in 3 month Pakcage ($300); Regular price by DAS Trader Pro is at $150/month.
- Additional simulator packages are available to purchase for all members at regular price either in our Members Area or directly from the DAS Trader Pro website.
- We provide support in helping you get setup with the DAS Trader Pro platform. If you need assistance, please email email@example.com
Get a Sneek Peak at Our Education Center
|Trading with R Multiples and Breaking Rules: Robert Trade on $AMD||In this video, Robert H discusses using R multiples for risk:reward and breaking rules.||14:38|
|How to Avoid ECN Fees by using Hotkeys||In this Video, Carlos explains how you can use hotkeys to place limit orders on the ask/bid to avoid paying additional ECN fees.||05:19|
|The Anatomy of a 2 minute ORB||In this video, William H discusses how to catch a perfect 2 minute ORB setup||07:45|
|The Anatomy of a Reversal||In this video, William H discusses his techniques for trading a reversal and what to look for across multiple time frames.||11:40|
|When to Look at SPY (Market) If We Trade Stocks in Play||In this video, Andrew discusses when to look at the SPY while trading other stocks to get an idea as to what the stock may do.||05:44|
|How to Create a New Scanner in Trade Ideas||Learn how to create a new scan (in this example, 5 and 15 minute Opening Range Breakouts) and follow along with a step-by-step guide to changing the configurations in Trade Ideas.||18:30|
|Understanding NASDAQ Level 2 Signals||Andrew discusses a Level 2 signal he observed during his live trading.||15:51|
|Setting up Range/Bracket/OCO Orders in DAS Trader Pro||Robert shows how to use range/bracket/OCO orders in DAS Trader Pro and includes the corresponding hotkey scripts.||02:59|
|How to Configure Charts in DAS Trader Pro||In this video, Robert talks about how to setup and configure different chart types in DAS Trader Pro.||10:54|
|How to Create a Pre-market Gapper Scanner in DAS||In this video, member Romeo shows us how to create a scanner in DAS that allows him to see the various pre-market gappers. This is especially helpful for those that do not have a Trade Ideas subscription.||18:29|
|DAS Trader Pro Features||In this video, you will learn more about some of the frequently used features in DAS, including: Global Trendlines, Pricemarker Studies, Market Open/Close Indicator, Zoom.||06:49|
|DAS Trader Pro Risk Controls||Learn how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc.||06:19|
|How to Place a Stop Loss in DAS||Learn how to set up a stop loss in DAS for an open position.||08:23|
|How to Place Both a Stop Loss and Profit Target in DAS||Learn how to place a stop loss order and profit target with a stop range order.||07:30|
|How to Create Multiple Montage Windows and Hotkey Buttons in DAS Level 2||Learn how to create multiple Montage Windows as well as how to create Hotkey buttons in newly added DAS Montage Level 2 windows.||12:10|
|Understanding and Setting Up DAS||An introduction to the DAS platform including information on how to set up and configure various settings.||14:22|
William H’s Trade Review with Chatroom Members
Every Tuesday and Thursday, William H goes over member’s trades live in the chatroom.
|Advanced Lesson 1: Trading the Open||In this video, Robert H discusses advanced techniques for trading the open such as: Opening Range Breakouts, ABCD Pattern.||04:55|
|Advanced Lesson 2: Extreme Reversals||In this video, Robert H discusses advanced techniques for trading extreme reversals such as: Trend Change, Double Tops, Power of 15-min Charts.||04:00|
|Advanced Lesson 3: How to Trade ABCD Patterns||In this video, Carlos discusses advanced techniques for trading ABCD patterns.||04:43|
|Advanced Lesson 4: How to Trade Double Bottoms||In this video, William H discusses advanced techniques for trading double bottoms.||04:03|
|The Complete Guide to Understanding Commissions||In this video, William H discusses various types of commissions and commission structures offered by different brokers. He walks through what to look for when selecting a broker as well as what different types of orders offer the trader.||51:39|
|Class 1: How to Trade in Simulator and Introduction to DAS||Learn what to expect from simulator trading and how to correctly set up your DAS platform.||54:40|
|Class 2: How to Find Stocks in Play and Support and Resistance Levels||Learn how to find Stocks in Play to watch based on Gappers and pre-market activity, as well as how to find and plot support and resistance levels on your charts.||1:06:43|
|Class 3: Orders, Level 2, Candlesticks, Price Action, Trade Management||Learn about orders, Level 2, price action, trade management and using candlesticks for day trading.||57:22|
|Class 4: Day Trading Strategies and Examples||Learn important day trading strategies: ABCD Patterns, Opening Range Breakouts, VWAP Reversals, VWAP False Breakouts, VWAP Moving Average Trends||1:22:59|
|Class 5.2: Mechanical Risk Management||In Class 5, William H discusses mechanical risk mitigation such as having a battery back-up and the Mobile App for your broker.||07:35|
|Class 5: Risk Management||Learn about some essential risk management strategies and concepts.||20:11|
|Averaging Down vs. Adding More in a Pull Back||Learn the difference between “averaging down” and “adding more on a pullback”.||17:53|
|Understanding Order Flow and Time and Sales||Learn how to use Time and Sales and what information can be gleaned from it.||05:55|
|Bearish Engulfing Crack Strategy||Robert H discusses the Bearish Engulfing Crack strategy and how to trade it.||12:51|
|P&L Calculator||In this video member David discusses the P&L Calculator that he created.||08:49|
|How to Create HotKey Buttons on the DAS Montage Level 2 Window||In this video, I teach you how to create multiple Montage Window and how to create hotkey buttons on newly added DAS Montage Level 2 windows.||12:10|
|Download: Trading Plan Template||Download a trading plan template created by Robert H.||—|
|Download: Andrew’s Trade Ideas Scanners and Settings||Download a document with the breakdown of all of the different Trade Ideas settings and Trade Ideas scans that Andrew uses.||—|
|Download: Andrew’s DAS Trader Pro Layout and Hotkeys||Download Andrew’s DAS Trader Pro Layout and Hotkeys files.||—|
|Pilot Episode: Patience and Perspective (Pilot)||Robert H discusses the psychological and emotional aspects of day trading. Pilot Episode: Patience and Perspective.||15:30|
|Episode 2: Emotions and Trading||Robert H discusses the psychological and emotional aspects of day trading. Episode 2: Emotions and Trading.||18:48|
|Episode 3: Addiction, Rehab and Relapse||Robert H discusses the psychological and emotional aspects of day trading. Episode 3: Addiction, Rehab and Relapse.||36:20|
|Episode 4: Peak Regression||Robert H discusses the psychological and emotional aspects of day trading. Episode 4: Peak Regression||13:06|
|Episode 5: Peak Performance||Robert H discusses the psychological and emotional aspects of day trading. Episode 5: Peak Performance||27:09|
|Episode 6: Perseverance and Failure||Robert H discusses the psychological and emotional aspects of day trading. Episode 6: Perseverance and Failure||36:41|
|Episode 7: Breaking Rules||Robert H discusses the psychological and emotional aspects of day trading. Episode 7: Breaking Rules||24:12|
|One Trader’s Journey||Robert H discusses his journey of overcoming the steep learning curve in trading as well as conquering his biggest trading challenge: himself.||42:41|
Trade Management and Live Trade Examples
|Live Trade: Trading $JD and Reading Level 2 (TotalView)||In this video, Andrew does a live trade on $JD and discusses using Level 2 (NASDAQ TotalView) for day trading.||11:14|
|Live Trade: Trade Management on $NTNX||In this video, Andrew discusses his trade on $NTNX. He discusses his risk management and trade management.||08:39|
|Live Trade: $DSW||Carlos discusses his trade on $DSW.||4:47|
|Live Trade: Risk Management and Adding on the Pull Back||In this video, Andrew discusses Risk Management and walks through a Pull Back trade in $AMD.||9:00|
|Live Trade: Risk Management on $SQ||Andrew discusses his risk management on $SQ||4:49|
|Live Trade: $PYPL||William discusses his trade on $PYPL and the strategies he used||7:27|
|Live Trade: $AMD||Andrew discusses his thought process and trading on $AMD||17:43|
|Robert – Time Frames and Chart Patterns||In this Podcast, Robert talks about how to use different time frames as well as the corresponding chart patterns.||12:14|
|Peter D: Sizing your Trade||In this Podcast, Peter D discusses how to properly size your trade and how you can calculate the correct size based on your account size and risk.||27:49|
|Carlos M: Getting Over a Losing Streak||In this Podcast, Carlos M talks about getting over a losing streak and the psychology involved with taking losses.||29:15|
|Carlos M: Trading a Small Account (CMEG)||In this Podcast, Carlos M talks about how to trade a small account and using the CMEG broker to trade.||50:22|
|Robert H: Preserving Emotional Capital||In this Podcast by Robert H he discusses Preserving Emotional Capital and the following subjects:
The dangers of Hulk Days
Locking in Risk Controls
Preserving emotional capital and confidence
Maintaining self-trust and self-integrity
Boom and bust cycles of day trading
|Robert H: Thinking in Probabilities||In this Podcast Robert H discusses the following topics:
Thinking in probabilities
Trading like a casino
Trading well vs. making money
Price action moving in waves
Bagholding: the real account killers
Swing Trading Ideas and Resources
In these videos, Brian Pezim discusses his swing trade ideas for the upcoming week as well as what he is watching. He also spends an hour every Monday answering questions about swing trading and talking about swing trades in our chatroom.