Paper Trading Options is a great Way to build confidence in your strategies.
Either you are a beginner options trader or a veteran who is testing to validate a brand new trading strategy,
you will need options paper trading before going Live.
In this discussion, we will show you the best place to paper trade Options as an alternative to Webull.
Paper Trading Options on Webull
The first time I opened my Webull Trading account and saw that there was a $1 Million for paper trading, my eyes opened quite bright.
I do not know about you but the thought to see my account grow to higher amount even if it is not really money was enough to get me super motivated in using Webull paper trading.
Is Webull Paper Trading Worth It ?
However, that enthusiasm was quickly dampened by the lack of Paper trading Options on Webull.
I knew then and there that my days on Webull paper trading options will be very short.
Instead, I focus on other options Trading platforms that provide paper trading for options.
Why Is Paper Trading Options So Important
The first reason for paper trading for veteran traders is to test and validate brand new trading system.
With the goal to see how effective a specific trading methodology is – traders can avoid loss of time and time while pursuing a new way to make money trading options.
The sometimes forgotten reason is for beginners traders to build their confidence even on already proven options strategies.
Recently, n new trader joined our Discord room and started learning about out our 10-Baggers trading System.
My advice to her was to spend a few weeks at least getting familiar with the ordering process and the nuances of trading options.
We agreed that she would be doing so without risking really money.
Therefore, she started Paper trading options with Successultradings 10-Baggers Trading system.
She traded #AFRM options on her paper account for so much profit that the next day, she decided to trade with really money.
Just to give you an idea about our system, here are the last few weeks summary results.
Great confidence in the strategy led this trader to make over $500 the very next day on BABA and #AFRM on her live account
Just like this trader, you can easily emulate our successful trading strategies first on Paper trading account which Webull does not provide for options but from the alternatives to Webull Options Paper Trading below.
Alternative # 1 To Paper Trading Options On Webull
The easiest options Trading Paper account you can start today is E*Trade.
It comes with $100000 for Paper trading Options and stocks.
You will be able to reset it anytime for an unlimited funding so that you can practice and refine your options trading strategies.
Here is my Full tutorials on how to Trade Options on Etrade from your Paper account.
To View the Full Watch List on How TO Trade Options on E*TRADE, click here
Alternative #2 to Webull Options Paper Trading
I was undecided on which options trading platform to recommend as number 2 for paper trading.
But after a few second, I opted for the newcomer FUTU MOOMOO App.
This one is as progressive as Webull but It offer $1 Million dollars for Options Paper trading.
Wait until I tell you that this amount is separate from the Stocks Trading paper account which coems with its own $1 Million.
Futu MooMoo App is gaining popularity in a great of countries around the globe as described in our Futu MooMoo Review.
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FINAL THOUGHTS On Paper Trading On Webull
We have proven strategies that we have tested 1000 times on Options Paper trading and Live account.
May I suggest you consider leveraging them with hands on 1 vs 1 Coaching while we teach you how you can build your own consistent strategies.
Join our 10-Baggers Trading System for a Successful 2022 Trading year.