{"id":105606,"date":"2024-02-28T05:39:22","date_gmt":"2024-02-28T05:39:22","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/"},"modified":"2024-02-28T05:39:22","modified_gmt":"2024-02-28T05:39:22","slug":"how-to-reset-thinkorswim-paper-money","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/","title":{"rendered":"How to reset Thinkorswim paper money?"},"content":{"rendered":"<p>Thinkorswim paper money is a powerful tool provided by TD Ameritrade that allows users to practice trading strategies without risking real money. However, at times you may want to reset your paper money account to start fresh with a new balance. This article will guide you through the process of resetting Thinkorswim paper money.<\/p>\n<p>To reset your Thinkorswim paper money account, follow these simple steps:<\/p>\n<p>1. Log in to your Thinkorswim account using your username and password.<br \/>\n2. Click on the &#8220;Monitor&#8221; tab at the top of the screen.<br \/>\n3. In the sub-menu that appears, click on &#8220;Activity and Positions.&#8221;<br \/>\n4. Under the &#8220;Account Info&#8221; section, you will see your paper money account listed. Click on the gear icon next to it.<br \/>\n5. In the dropdown menu that appears, select &#8220;Reset.&#8221;<br \/>\n6. A confirmation window will pop up asking if you are sure you want to reset your account. Click &#8220;OK&#8221; to proceed.<br \/>\n7. Your Thinkorswim paper money account will now be reset to its default starting balance.<\/p>\n<p>Resetting your Thinkorswim paper money account can be useful if you want to start fresh with a new strategy or if you have made too many trades and want to clean up your account. Keep in mind that resetting your paper money account will clear all of your existing trade history and positions, so make sure you are okay with losing this data before proceeding.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#FAQs\" title=\"FAQs:\">FAQs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#1_Can_I_reset_my_Thinkorswim_paper_money_account_multiple_times\" title=\"1. Can I reset my Thinkorswim paper money account multiple times?\">1. Can I reset my Thinkorswim paper money account multiple times?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#2_Will_resetting_my_Thinkorswim_paper_money_account_affect_my_real-money_account\" title=\"2. Will resetting my Thinkorswim paper money account affect my real-money account?\">2. Will resetting my Thinkorswim paper money account affect my real-money account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#3_How_often_should_I_reset_my_Thinkorswim_paper_money_account\" title=\"3. How often should I reset my Thinkorswim paper money account?\">3. How often should I reset my Thinkorswim paper money account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#4_Can_I_reset_my_Thinkorswim_paper_money_account_from_the_mobile_app\" title=\"4. Can I reset my Thinkorswim paper money account from the mobile app?\">4. Can I reset my Thinkorswim paper money account from the mobile app?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#5_Will_I_lose_any_of_my_settings_or_customizations_by_resetting_my_Thinkorswim_paper_money_account\" title=\"5. Will I lose any of my settings or customizations by resetting my Thinkorswim paper money account?\">5. Will I lose any of my settings or customizations by resetting my Thinkorswim paper money account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#6_Is_there_a_limit_to_how_much_I_can_reset_my_Thinkorswim_paper_money_account_balance_to\" title=\"6. Is there a limit to how much I can reset my Thinkorswim paper money account balance to?\">6. Is there a limit to how much I can reset my Thinkorswim paper money account balance to?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#7_Can_I_undo_a_reset_of_my_Thinkorswim_paper_money_account\" title=\"7. Can I undo a reset of my Thinkorswim paper money account?\">7. Can I undo a reset of my Thinkorswim paper money account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#8_Will_resetting_my_Thinkorswim_paper_money_account_affect_any_open_orders_or_pending_trades\" title=\"8. Will resetting my Thinkorswim paper money account affect any open orders or pending trades?\">8. Will resetting my Thinkorswim paper money account affect any open orders or pending trades?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#9_How_long_does_it_take_for_the_reset_of_my_Thinkorswim_paper_money_account_to_take_effect\" title=\"9. How long does it take for the reset of my Thinkorswim paper money account to take effect?\">9. How long does it take for the reset of my Thinkorswim paper money account to take effect?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#10_Can_I_automate_the_resetting_of_my_Thinkorswim_paper_money_account_on_a_regular_basis\" title=\"10. Can I automate the resetting of my Thinkorswim paper money account on a regular basis?\">10. Can I automate the resetting of my Thinkorswim paper money account on a regular basis?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#11_Will_I_receive_any_notifications_or_alerts_when_I_reset_my_Thinkorswim_paper_money_account\" title=\"11. Will I receive any notifications or alerts when I reset my Thinkorswim paper money account?\">11. Will I receive any notifications or alerts when I reset my Thinkorswim paper money account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#12_Is_there_a_fee_associated_with_resetting_my_Thinkorswim_paper_money_account\" title=\"12. Is there a fee associated with resetting my Thinkorswim paper money account?\">12. Is there a fee associated with resetting my Thinkorswim paper money account?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_I_reset_my_Thinkorswim_paper_money_account_multiple_times\"><\/span>1. Can I reset my Thinkorswim paper money account multiple times?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can reset your Thinkorswim paper money account as many times as you like. Each reset will clear all existing trade history and positions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Will_resetting_my_Thinkorswim_paper_money_account_affect_my_real-money_account\"><\/span>2. Will resetting my Thinkorswim paper money account affect my real-money account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, resetting your Thinkorswim paper money account will not affect your real-money account in any way. They are separate accounts with no connection between them.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_often_should_I_reset_my_Thinkorswim_paper_money_account\"><\/span>3. How often should I reset my Thinkorswim paper money account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere is no set rule for how often you should reset your Thinkorswim paper money account. It is up to personal preference and trading strategy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_I_reset_my_Thinkorswim_paper_money_account_from_the_mobile_app\"><\/span>4. Can I reset my Thinkorswim paper money account from the mobile app?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can reset your Thinkorswim paper money account from the mobile app by following similar steps as outlined above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Will_I_lose_any_of_my_settings_or_customizations_by_resetting_my_Thinkorswim_paper_money_account\"><\/span>5. Will I lose any of my settings or customizations by resetting my Thinkorswim paper money account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, resetting your Thinkorswim paper money account will not affect any of your settings or customizations. It will only clear your trade history and positions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Is_there_a_limit_to_how_much_I_can_reset_my_Thinkorswim_paper_money_account_balance_to\"><\/span>6. Is there a limit to how much I can reset my Thinkorswim paper money account balance to?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, there is no limit to how much you can reset your Thinkorswim paper money account balance to. You can reset it to any desired starting balance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_I_undo_a_reset_of_my_Thinkorswim_paper_money_account\"><\/span>7. Can I undo a reset of my Thinkorswim paper money account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, once you have reset your Thinkorswim paper money account, the action cannot be undone. Make sure you are certain before proceeding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Will_resetting_my_Thinkorswim_paper_money_account_affect_any_open_orders_or_pending_trades\"><\/span>8. Will resetting my Thinkorswim paper money account affect any open orders or pending trades?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, resetting your Thinkorswim paper money account will clear all open orders and pending trades. Make sure to cancel any trades you do not want to be cleared before resetting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_How_long_does_it_take_for_the_reset_of_my_Thinkorswim_paper_money_account_to_take_effect\"><\/span>9. How long does it take for the reset of my Thinkorswim paper money account to take effect?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe reset of your Thinkorswim paper money account should take effect instantly. Refresh your account to see the changes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_I_automate_the_resetting_of_my_Thinkorswim_paper_money_account_on_a_regular_basis\"><\/span>10. Can I automate the resetting of my Thinkorswim paper money account on a regular basis?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, there is no automated feature to reset your Thinkorswim paper money account on a regular basis. You will need to manually reset it when desired.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Will_I_receive_any_notifications_or_alerts_when_I_reset_my_Thinkorswim_paper_money_account\"><\/span>11. Will I receive any notifications or alerts when I reset my Thinkorswim paper money account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, you will not receive any notifications or alerts when you reset your Thinkorswim paper money account. It is a simple and quick process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Is_there_a_fee_associated_with_resetting_my_Thinkorswim_paper_money_account\"><\/span>12. Is there a fee associated with resetting my Thinkorswim paper money account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, there is no fee associated with resetting your Thinkorswim paper money account. It is a free feature provided by TD Ameritrade for practice trading purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thinkorswim paper money is a powerful tool provided by TD Ameritrade that allows users to practice trading strategies without risking real money. However, at times you may want to reset your paper money account to start fresh with a new balance. This article will guide you through the process of resetting Thinkorswim paper money. To &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How to reset Thinkorswim paper money?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-to-reset-thinkorswim-paper-money\/#more-105606\">Read more<span class=\"screen-reader-text\">How to reset Thinkorswim paper money?<\/span><\/a><\/p>\n","protected":false},"author":14,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-105606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to reset Thinkorswim paper money?<\/title>\n<meta name=\"description\" content=\"Thinkorswim paper money is a powerful tool provided by TD Ameritrade that allows users to practice trading strategies without risking real money. 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