Paper-trading disclaimer

Paper fills are a simulation, not an execution venue.

Market, limit, stop, and stop-limit orders here fill against the last print plus a small slip and spread. There is no real book, no partial exchange match, and no guarantee a stop would have filled in a gap.

Buying power is cash in this simulation. Extended-hours flags on a live broker do not apply. The journal records entry, exit, P/L, time held, and max gain / drawdown for closed paper trades.

A paper win does not mean a live win. Use it to rehearse size and rules, then place live risk at a licensed broker.