Resetting Simulated Trade Cash in Thinkorswim for Beginners

If you're a beginner using Thinkorswim, you might be wondering how to reset your simulated trade cash. The good news is that it's a relatively simple process.

Thinkorswim allows you to reset your simulated trade cash by going to the "Simulate" tab and clicking on "Reset." This will reset your cash balance back to its original amount.

You can also reset your simulated trade cash by going to the "Account" tab and selecting "Simulate." From there, you can click on the "Reset" button to reset your cash balance.

Thinkorswim provides a simulated trading environment that allows you to practice trading with fake money. This is a great way to learn and test different trading strategies without risking any real money.

Resetting Thinkorswim can be a bit tricky, but I've got the lowdown. You can reset your account to the starting position by following the steps outlined in the tutorials, but be aware that this will remove all your order and trading history.

If you're looking to start fresh, you can set up a paper trading account to portfolio margin, just like Rick Dean did. He wanted to change the standard 100,000 start balance to 150,000, so be sure to check the settings accordingly.

However, if you're like Edwards and want to remove all the order and trading history clogging up your account, you'll need to figure out how to do that. Unfortunately, the tutorials don't seem to cover this, and the "adjust account" button is nowhere to be found.

Danny Vasquez is in the same boat, and he's tried at least 20 tutorials without finding the solution. If you're looking to trade on paper with a realistic amount, you might need to dig deeper to find the answer.

Here's a quick rundown of the steps to reset your Thinkorswim account:

Thinkorswim offers a simulated trading environment called OnDemand, which allows you to trade with $100,000 in virtual cash. This environment is perfect for backtesting trading strategies and learning the ropes without risking real money.

To use OnDemand, select the calendar and set the date and time to any point from December 2009 forward. You can then place trades as normal, and the Order Confirmation window will indicate that each is an OnDemand Virtual Order.

One of the benefits of OnDemand is that you can pause the tick data or fast-forward to another date and time to see how profit and loss would be impacted. This feature is great for testing the performance of your trades under different market conditions.

If you want to make changes to the simulated trades, you can select the reset icon—the circular arrow to the right of Account Info—to erase your virtual trades and reset the account value back to $100,000.

Here are some valid reasons to use a stock market simulator like OnDemand: