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# How to Reset Paper Trading on TradingView (and Change Your Balance)
- URL: https://www.daytraderincome.com/reset-tradingview-paper-trading/
- Published: 2026-10-27T21:24:12.000Z
- Updated: 2026-11-01T06:36:15.000Z
- Description: Reset your TradingView paper trading account to a realistic balance in a few clicks, save your trade history first, or start a fresh account instead.
- Author: Indy Karveli
- Tags: Tools

**Short answer:** open the Paper Trading panel at the bottom of your chart, open the account manager, click the account name at the top left, open **Account settings**, choose **Reset account**, set your balance and click **Reset**. Resetting deletes your history, open orders and positions, so download your trade history first.

## Step by step

1. On a chart in [TradingView](https://www.tradingview.com/?aff%5Fid=1173482&ref=daytraderincome.com) (affiliate link), connect Paper Trading if you haven't (see [TradingView paper trading](https://www.daytraderincome.com/tradingview-paper-trading/)).
2. Click **Paper Trading** at the bottom of the chart and open the **account manager**.
3. Click the account name dropdown at the top left, then the **Account settings** gear.
4. Choose **Reset account**.
5. Enter the **balance** and **currency** you want.
6. Click **Reset**.

## Save your history first

A reset wipes your transaction history. In the account manager, use the **download** option at the top right to export your trade history before you reset. If you're keeping a [trading journal](https://www.daytraderincome.com/what-is-a-trading-journal/), that file is your evidence.

## Or keep the old record

Instead of resetting, you can create a **new paper account** from the same account name dropdown. Your old account and its history stay as they were.

## What balance should you use?

The amount you would really trade with, not the default. A huge pretend balance makes oversized positions feel normal, and the numbers you collect won't mean anything. Size every trade from your [stop](https://www.daytraderincome.com/stop-loss-explained/) using [position sizing](https://www.flltlt.com/blog/risk-management-for-funded-traders/?ref=daytraderincome.com).

## Don't use reset as an undo button

The most dangerous button in a simulator is reset. If you'd have lost the money for real, it stays lost on paper. Reset once at the start to set a realistic balance, then leave it alone.

Want the whole thing in order? My free course, [The Paper Route](https://www.daytraderincome.com/paper-route/), takes you from a blank TradingView account to 30 logged sessions on paper.

*Education only, not investment advice. Most people who day trade lose money. Simulated results have limits. TradingView links on this page are affiliate links: if you sign up or upgrade, I may earn a commission at no extra cost to you. TradingView changes its plans and menus from time to time; check its site for what's current.*