Part 1- Webull Step-by-Step Tutorial: Set Up Paper Trading to Practice Options Selling Like a Pro

Learn how to set up your Webull paper trading account with $150,000 and start practicing options strategies risk-free. In this step-by-step beginner tutorial, Mark and Danny walk you through the exact process of configuring your Webull workspace for selling options using strategies like the Wheel Method.

🔧 You’ll Learn:
How to open and customize a Webull paper trading account
The ideal $150K starting balance for simulated trades
Setting up the right widgets and data columns for options
Core metrics explained: Delta, Theta, Implied Volatility
A trading layout designed for real-world skill building

Whether you're brand new to trading or getting back in the game, this video is your jumpstart to confident, informed practice — all without risking a dime.

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📌 Chapters
00:00 – Welcome to Webull Paper Trading Setup
00:42 – Why Learn to Sell Options?
01:59 – Meet Danny: Starting the Journey
03:03 – Creating a Webull Account for Paper Trading
03:52 – Navigating the Webull Dashboard
04:50 – Customizing Your Workspace Layout
06:05 – Adding Key Widgets and Tools
07:30 – Understanding the Positions Tab
08:00 – Setting Up the Options Chain
08:57 – Essential Data Columns for Beginners
10:00 – Linking Widgets for Smooth Navigation
11:00 – Adjusting Your Paper Trading Balance
11:50 – Why Start With $150,000?
13:00 – Webull Settings: Time Zone and Trade Defaults
13:50 – Setting Limit Orders and Contracts
15:00 – You're All Set! Next: Stock Analysis and Entry Points
15:40 – Your Options Trading Journey Starts Here

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