A $10,000 virtual account, real live prices, and the professional workflow enforced: every position needs a stop, every size comes from risk, every stop and target fills by itself the moment price touches it, and every closed trade logs to your journal with the reason. Rehearse until it's boring.
New to this? Read how to paper trade crypto first — it walks through the sizing arithmetic this page applies for you, and the four checks that say practice is over.
Open positions · live — a stop or target fills the moment price touches it
Market
Value
Side
Entry
Stop / Target
Live P&L
Opened
Manage
½ closes half at the current price · BE moves the stop to the entry once the trade is in profit · Edit tightens the stop or moves the target. A stop is never widened here — that is the mistake, not a feature.
Away from the page? On your next visit the 1-minute candles since you left are replayed: a pending order that price touched is filled, and if a wick touched a stop or a target the trade is closed at that level, at that time, even if price came back — the way a resting order would have filled. Same candle touches both: the stop counts.
Pending orders · limit waits for a better price, stop enters on a breakout · both fill at the exact level, while you are here or away
Market
Order
Price
Stop / Target at fill
Placed
Closed practice trades · last 12 · every one is also in your journal, on the Practice ledger
Market
Value
In → out
How it closed
Result
Opened → closed
When practice is over. After 20–30 disciplined paper trades, the next step is this same workflow with real money — on spot, far smaller than feels necessary. No account yet? These are the venues in our exchange comparison, downsides included. Referral links; they never change what we write (how we’re paid).
Practised on another device? Your trades, history and stats are saved in the browser you used. Sign in with the same Google account here and there, and they follow you to every device.
Virtual money, live prices and a stop under every position — each closed trade lands in the journal.
What this rehearses — and what it can't
It rehearses: the professional order of operations (risk → stop → size), watching a live position without touching it, and the discipline of logging every result. Each closed trade writes an R-multiple entry into your journal tagged "Practice", so your practice record and real record stay separate but visible.
It can't rehearse: fear. Virtual losses don't hurt, so paper results overstate real results — universally. Treat the arena as a flight simulator: it builds procedure, not courage. When you go live, start on spot, far smaller than feels necessary, and expect your win rate to drop before it recovers.
Common mistakes
Oversizing because it's fake. The arena forces 1% precisely so you rehearse reality. Skipping the journal review — the practice record only teaches if you read it back weekly. Staying in the simulator forever — after 20–30 disciplined paper trades, the remaining lessons are emotional ones the simulator cannot sell you.
Stops and targets fill automatically: live ticks while the page is open, and a replay of the 1-minute candles for the time you were away, so a touch that reversed still counts. Default sizing is the course rule: the stop distance sets the size so a stop-out costs 1% of the account; type your own value (or 10–100%) to feel what a bigger bet does. Fills are at the exact level with a 0.05% taker fee each side, no slippage, no funding — still a little kinder than a real exchange. Educational simulation — fills are idealized, real markets have slippage.
Risk reminder: paper results overstate real results. Education only; most retail traders lose money.
