How to Reset Paper Trading on TradingView (and Change Your Balance)
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
- On a chart in TradingView (affiliate link), connect Paper Trading if you haven't (see TradingView paper trading).
- Click Paper Trading at the bottom of the chart and open the account manager.
- Click the account name dropdown at the top left, then the Account settings gear.
- Choose Reset account.
- Enter the balance and currency you want.
- 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, 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 using position sizing.
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, 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.
Indy Karveli — husband, dad of seven, day trader. Nasdaq futures, plain price, no indicators. Learned on paper first. More »
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