Account Management
Paper trading accounts let you organize your strategies and track performance independently. Learn how to create, edit, delete, and manage multiple accounts effectively to simulate different trading approaches and risk profiles.
Why Multiple Accounts?
Separate accounts help you test different strategies independently, compare risk profiles, and maintain organized performance tracking. Each account has its own balance, positions, and history.
Creating Accounts
Create new paper trading accounts to test different strategies or risk approaches:
Account Creation Steps
- Navigate to "Paper Trading" in the sidebar
- Click "Create New Account" button (top right)
- Fill out account details:
- Name: Descriptive identifier (e.g., "Conservative BTC", "Scalping Account")
- Initial Balance: Starting capital in USD (min: $1,000, max: $1,000,000, default: $10,000)
- Currency: Base currency - currently USD only
- Leverage: Account leverage multiplier (1x-100x, default: 1x for spot trading)
- Exchange: Simulated exchange (Binance default)
- Description: Optional notes about strategy or purpose
- Click "Create Account"
- Account appears immediately in your accounts list
Pro Tip: Use descriptive names that reflect your strategy type or risk level. Examples: "High Frequency RSI", "Long-term Trend Following", "BTC-Only Conservative", "Multi-Asset Aggressive".
Account Organization Strategies
Different approaches to organizing your paper trading accounts:
By Risk Level
Separate conservative, moderate, and aggressive strategies into different accounts.
Conservative: $50k, low-risk strategies
Moderate: $25k, balanced strategies
Aggressive: $10k, high-risk experimental
By Asset Class
Organize accounts by the assets or markets you trade.
Bitcoin Only: BTC-focused strategies
Altcoins: ETH, SOL, AVAX strategies
Multi-Asset: Portfolio diversification
By Strategy Type
Group strategies by their trading approach or timeframe.
Mean Reversion: RSI, Bollinger strategies
Trend Following: MACD, moving averages
Scalping: High-frequency, small profits
By Development Stage
Separate testing, validation, and production strategies.
Sandbox: $5k for new strategy testing
Validation: $20k for proven strategies
Production: $100k for live-ready strategies
Editing Accounts
Modify account details as your trading evolves:
Editing Account Details
- Find the account in your accounts list
- Click the "Edit" button (pencil icon) on the account card
- Modify editable fields:
- Name: Update account identifier
- Description: Change notes or purpose
- Leverage: Adjust leverage settings (affects future positions only)
- Click "Save Changes"
Important: You CANNOT edit the initial balance or currency after creation. To change these, create a new account. Current balance reflects trading activity and cannot be manually adjusted.
Capital Management
Understanding and managing capital allocation across strategies:
Capital Allocation Rules
- Per-Strategy Allocation: When deploying a strategy, you assign it a capital allocation (e.g., $5,000 of your $10,000 account)
- Multiple Strategies: You can deploy multiple strategies to one account, each with its own allocation
- Total Limit: Sum of all allocations cannot exceed your current account balance
- Dynamic Balance: Account balance changes as strategies profit or lose; allocations remain fixed unless you edit them
- Unallocated Capital: Capital not allocated to any strategy sits idle as cash
Example Capital Allocation:
- Account Balance: $10,000
- Strategy A (RSI BTC): $4,000 allocated
- Strategy B (MACD ETH): $3,000 allocated
- Strategy C (Trend SOL): $2,000 allocated
- Unallocated Cash: $1,000 (reserve)
Deleting Accounts
Remove accounts you no longer need:
Deleting an Account
- Ensure all strategies are stopped (no running strategies)
- Click the "Delete" button (trash icon) on the account card
- Confirm deletion in the popup dialog
- Account and all associated data are permanently removed
Warning - Permanent Action:
- Deletion is PERMANENT and cannot be undone
- All strategy deployments in this account are removed
- All trade history and performance data is lost
- Open positions are closed automatically
- You cannot delete accounts with running strategies - stop them first
Monitoring Multiple Accounts
Best practices for managing multiple accounts:
Dashboard Overview
The Paper Trading page shows all accounts at a glance. Monitor total balance, P&L, active strategies, and status indicators for each account without drilling down.
Regular Check-ins
Review each account daily or weekly. Look for unexpected losses, stopped strategies, or performance divergence from backtests. Set a routine schedule for account reviews.
Performance Comparison
Compare accounts side-by-side to identify which strategies or approaches work best. Use this data to allocate more capital to successful patterns and retire underperformers.
Consolidation
Don't create too many accounts. 3-5 accounts is ideal for most users. Too many accounts become difficult to monitor and lead to fragmented attention.
Common Account Issues
Cannot Deploy Strategy - "Insufficient Funds"
Cause: Total allocated capital to all strategies already equals or exceeds account balance.
Solution: Stop and remove an existing strategy, or reduce allocation amounts to free up capital. Check current balance vs. total allocations.
Account Balance Negative
Cause: Strategies have lost more money than the account balance. This can happen with leverage or during rapid market moves.
Solution: This is normal in paper trading (helps you see catastrophic failures). Stop losing strategies. In real trading, you'd face margin calls or liquidation. Use this as a learning experience.
Cannot Delete Account
Cause: Account still has running strategies deployed.
Solution: Stop all strategies in the account first, then delete. This prevents accidentally killing active strategies.
Best Practices
- Start Small: Begin with 2-3 accounts maximum. Add more only when you have consistent monitoring habits.
- Use Realistic Balances: If you plan to trade with $5,000 live, use $5,000 in paper trading. Don't practice with $100k if you'll never trade that size.
- Document Purpose: Use the description field to note each account's purpose, strategy type, or risk profile. Future you will thank you.
- Regular Cleanup: Delete old or failed accounts periodically. Keep only active, relevant accounts to reduce clutter.
- Reserve Capital: Don't allocate 100% of account balance. Keep 10-20% unallocated as a buffer for drawdowns or new opportunities.
- Track Performance: Maintain a spreadsheet or notes tracking each account's goals, results, and learnings over time.