{"id":2075,"date":"2019-04-08T06:00:08","date_gmt":"2019-04-08T13:00:08","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2075"},"modified":"2019-04-15T15:32:21","modified_gmt":"2019-04-15T22:32:21","slug":"paper-trading","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/paper-trading\/","title":{"rendered":"And The of the Winner of the Paper Trading Challenge Is &#8230;"},"content":{"rendered":"<div id=\"backtracks-player\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-92-and-the-winner-is\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><iframe loading=\"lazy\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/SFXEtvu0y2g?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<h2>Paper Trading Challenge<\/h2>\n<p><span style=\"font-weight: 400;\">It\u2019s a big day for the SteadyTrade podcast \u2026<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019re wrapping up the Paper Trading Challenge, and it\u2019s time to see who hosts Tim Bohen and Stephen Johnson declare as champion! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While this episode is dedicated to announcing the winner, Tim and Stephen note that <\/span><b>there are no losers here<\/b><span style=\"font-weight: 400;\">. Each of the six contestants gained something from the competition, especially more stock market knowledge. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And the final two contestants, in particular, report incredible growth in their trading prowess. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tune into the episode for a recap of the Paper Trading Challenge and a detailed review of the final days of the competition with the last two contestants \u2014 Liz and Chris (aka \u201cDJ\u201d). Find out who takes the Challenge crown!<\/span><\/p>\n<p>And if you would like to see another season of the Paper Trading Challenge &#8212; especially if you would like to audition to be a part of it &#8212; please click the following link and take a few minutes to fill out this brief survey: \u00a0<a href=\"https:\/\/youtu.be\/SFXEtvu0y2g\" target=\"_blank\" rel=\"noopener\">Paper Trading Challenge Survey<\/a><\/p>\n<p><b>Team Reviews<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Stephen and Tim mentored the final two contestants, Liz and DJ, respectively. Here\u2019s their overall take on their progress:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Liz<\/b><span style=\"font-weight: 400;\">: As Stephen notes, Liz is \u201crelentless\u201d in the pursuit of her goals. That\u2019s a very helpful trait when taking on the stock market. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Find out how Liz went from \u201ca loser of a penny stock trader\u201d with little knowledge to an absolute rising trader star. Her knowledge of indicators and market rules have grown exponentially. But can she rein in the gambling impulse that every trader wrestles with? <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>DJ<\/b><span style=\"font-weight: 400;\">: At the start of the competition, DJ had market experience but lacked focus. Through the course of the challenge, he dialed in and found discipline. He reports that his results went from random to reliable, as he focused on the setups that work best for him. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Is he ready to take his newfound trading success to the real market? Listen to hear what Tim and Stephen think! <\/span><\/li>\n<\/ul>\n<p><b>What Gives You Passion?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Before announcing the winner of the Paper Trading Challenge, Tim and Stephen discuss some of the key takeaways from the competition. One of the biggest is that you need to find a passion for the process. You need to cultivate a fascination with the mechanics of trading. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen asks: \u201cWhat makes you approach every day as an absolute beginner?\u201d If you can find that spark, you\u2019ll be ready to approach the market and eager to learn every day. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the Challenge contestants, this competition seems to be just the thing to instill a sense of curiosity about trading. It helped them develop the discipline to take it to real-life trading. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim and Stephen also discuss the difference between a hobby and a passion \u2014 and the key difference when it comes to trading. \u00a0<\/span><\/p>\n<p><b>The Final Phase of the Paper Trading Challenge<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For the final month of the Challenge, the rules changed again: contestants started March with their February earnings. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once the new rules were announced, Liz started scalping like crazy and started with $700K. DJ, on the other hand, ended with $1.6 million. They were also limited to 25 trades and the final tally was measured on winning percentage and the percentage the account grew.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how they stacked up:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">DJ made 25 trades and was green on every single one. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Liz only made 9 trades. She was green on six. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">DJ grew his account 77%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Liz grew her account by 49% <\/span><\/li>\n<\/ul>\n<p><b>And the Winner Is \u2026<\/b><\/p>\n<p><span style=\"font-weight: 400;\">So, who won the Paper Trading Challenge? Listen to the episode to find out! You\u2019ll also get bonus commentary from both Liz and DJ about their final trades, including critiques from Tim and Stephen about what they got right and where they can improve. <\/span><\/p>\n<p><b>Do You Want to Be in the Next Paper Trading Challenge?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If the SteadyTrade Podcast hosts another Paper Trading Challenge, are you interested in getting in on the action? Leave a comment below or on YouTube and let us know your thoughts and ideas for making it even better next time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders!<\/span><\/p>\n<p><b>How much did you learn from this episode and the challenge? Be sure to leave an <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes review<\/b><\/a><b>! <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paper Trading Challenge It\u2019s a big day for the SteadyTrade podcast \u2026 We\u2019re wrapping up the Paper Trading Challenge, and it\u2019s time to see who hosts Tim Bohen and Stephen Johnson declare as champion! While this episode is dedicated to announcing the winner, Tim and Stephen note that there are no losers here. Each of [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>And The of the Winner of the Paper Trading Challenge Is ...<\/title>\n<meta name=\"description\" content=\"It\u2019s a big day for the SteadyTrade podcast \u2026We\u2019re wrapping up the Paper Trading Challenge, and it\u2019s time to see who hosts Tim Bohen and Stephen Johnson declare as champion!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/paper-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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