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Awful fills on options using paper trading account. Scared of using live account

Awful fills on options using paper trading account. Scared of using live account

dmacdonal9

I’m pretty sure paper trades only fill on the bid or the ask. It’s not representative of real fills.


LizardSupremacist

The paper trading is really more to learn how the platform works. It's not intended to learn how the market works. So it doesn't simulate fills very well.


Ant831720

so what's the point of using it then.. Do you have any other recommendations on other paper trading platforms to use w/ live data?


KnottyWyvern

To learn their platform?


Ant831720

I thought the goal of paper trading was to simulate live market trading not learn the broker's platform lol


AlaskanSnowDragon

paper trading fills are nowhere near accurate.


ProfEpsilon

You seemed to say (paraphrase) "I submitted a limit order to sell and that took 15 minutes even though the contract was a winner ..." What did "the contract was a winner" have to do with anything? When you submit a limit order execution requires that a counter-party accepts your ask. That can happen instantly, take hours, or not happen at all. It really depends upon where your limit order price relative to the price of the book. I use live funded options trading daily (don't necessarily make trades every day but track, monitor and trade every market day) and the IBKR is very reliable and very fast, especially for limit orders.


vsync

Easy solution to worry for live acount is use limit orders only and see what happens. Worst case you don't get a fill, right? Just keep an eye on the chart so you don't get a surprise fill later due to unanticipated big move in the underlying.


idek2346

Don't worry about fills on live trading. IB is known to have some of the best fills and it's somewhat of their USP as a brokerage.


rexarus9

The real fills are fine, but don't do market orders. Unless you have to, and then only in liquid markets.


HarveyBirdman3

IB fills are fantastic. No complaints.


tonenyc

Are you sure you have live data in your paper account? I subscribed to live data, but I still had delayed data in the paper account, when I contacted them, they said you have to request live data for the paper account..


jdfwyaibglsb1

You can set it yourself in your account settings.