Multiple accounts, risk and journal

Paper trading works with several simulated accounts, each with its own virtual money, its own risk and its own history.

Separate accounts

There are two paper accounts: SIM-1 and SIM-2. Positions and PnL are isolated per account: what you do on SIM-1 does not touch SIM-2. From the Account widget you pick the active one and see the PnL summary (day / open / realised); that choice applies to every trading widget.

Using two accounts lets you, for instance, keep two strategies or two test sessions apart.

Risk limits

Each account has automatic limits that prevent oversized trades:

• maximum 10 contracts per single order;
• maximum 20 net position per instrument;
• a −$5,000 daily loss stop.

If you try to exceed a limit, the order does not go out and a warning appears.

Daily-loss lockout

When the day’s maximum loss is reached, the account enters lockout: new orders that increase risk are rejected. It is a safety net against chasing losses. The lockout resets with the new session.

Trading Journal

The Trading Journal widget keeps the record of your paper trades: a diary to review at the end of the session to understand what worked and what did not, without having to fill it in by hand.

In paper mode everything stays simulated: no order goes out to a real broker until you enable real execution (Rithmic) from the explicit gate. See Paper trading, introduction.