--- title: "Practice vs Live failures | RupeeCase Terminal" description: "Practice fills every order at once with no broker, so most failures cannot happen. Live meets real brokers, cash and sessions. Here is the difference." source_url: "https://www.rupeecase.com/learn/terminal/practice-vs-live-when-things-fail" --- ## Watch: Practice vs Live failures The Dashboard splits Live and Practice.Practice and Live: what can go wrong in each? 5 chapters, 0:54, with voice and music 1. [Chapter 1Where it is0:12](/instiv2/media/tut5/practice-vs-live-when-things-fail-where-phone-dark-v1-va2.mp4) 2. [Chapter 2What it means0:20](/instiv2/media/tut5/practice-vs-live-when-things-fail-meaning-phone-dark-v1-va2.mp4) 3. [Chapter 3Worked example0:06](/instiv2/media/tut5/practice-vs-live-when-things-fail-example-phone-dark-v1-va2.mp4) 4. [Chapter 4How to read it0:06](/instiv2/media/tut5/practice-vs-live-when-things-fail-reading-phone-dark-v1-va2.mp4) 5. [Chapter 5Watch out0:10](/instiv2/media/tut5/practice-vs-live-when-things-fail-watch-phone-dark-v1-va2.mp4) Screens from the RupeeCase app on sample data. Strategy figures are model, back tested, as of the date on screen. Formula and example numbers are illustrative. Mark as watched 5In this screen ## Every button the video points at. A still from each chapter with its buttons and fields numbered. Pick a number to zoom in on it; hover the still for a close up; Esc shows the whole screen again. Sample data, no order is placed. **1**Where it is**2**What it means ### Chapter 1: Where it is 1 Show the whole screen 13 Show the whole screen 1. 1**Live and Practice**The Dashboard splits Live and Practice. Shown in the video, not on this still 2. 2**Practice** Practice: no real orders are placed. Shown in the video, not on this still 3. 3**No real orders**Practice: no real orders are placed. Shown in the video, not on this still ### Chapter 2: What it means 1 Show the whole screen 12 Show the whole screen 1. 1**Live**Live meets real sessions, cash and rejections. Shown in the video, not on this still 2. 2**Practice**Practice fills at once, with no broker. Shown in the video, not on this still ## Where it is ScreenDashboardBasic The Dashboard tabs All, Live, Practice and Archived; each card says Practice or Live in its meta line. On a desktop the line under the tabs reads "Showing practice portfolios. No real orders are placed." Index in this video: [Energy Basket](/strategies/energy-basket) (strategy page). ## What it means A Practice portfolio follows the strategy with no broker: every order fills at once at the requested price, there is no session to expire and no cash limit, and nothing is retried. It can still stop when a stock has no live price. A Live portfolio sends real orders to your broker, so it can meet an expired session, short cash, a rejected order or an order still open at the close. The same buttons appear on both (Resume, Cancel order), and on a Practice portfolio they act only on RupeeCase's own books. ## The formula Practice: instant fills at the requested price, no broker. Live: the broker fills, refuses or leaves an order open. As computed in the RupeeCase app`Practice: no session, no cash limit, fills at once; can stop only when a price is missing Live: session, cash or margin, broker rejections, open orders Both: only during the trading window, 09:20 to 15:10 IST on weekdays` ## Worked example Example only * Same strategy, Rs 1,00,000 in Practice and in Live * Practice: every order filled at once * Live: 1 buy rejected for funds; the portfolio needs attention ## How to read it * A Practice card never shows a broker name. * The stale order check on a Practice portfolio says no real broker order exists. * Practice results show how the app works, not what a broker would have filled. ## Watch out * Outside market hours the server refuses Practice actions too, though the sheet's words mention only Live. * Live fills can differ from the price on screen; Practice fills cannot. * Practice access can end with its trial; the app then asks you to use Live. ## Transcript Tap Sound on for voice and music. These are the captions of the video, chapter by chapter. 1. 0:00**Where it is.** The Dashboard splits Live and Practice. 2. 0:12**What it means.** Live meets real sessions, cash and rejections. 3. 0:32**Worked example.** Worked example, example only: Same strategy, Rs 1,00,000 in Practice and in Live. Practice: every order filled at once. Live: 1 buy rejected for funds; the portfolio needs attention. 4. 0:38**How to read it.** How to read it: A Practice card never shows a broker name. The stale order check on a Practice portfolio says no real broker order exists. Practice results show how the app works, not what a broker would have filled. 5. 0:44**Watch out.** Watch out: Outside market hours the server refuses Practice actions too, though the sheet's words mention only Live. Live fills can differ from the price on screen; Practice fills cannot. Practice access can end with its trial; the app then asks you to use Live. ## Terms in this tutorial * [Practice](/learn/glossary#practice)A mode that follows a strategy's trades with pretend money and places no real order. * [Live](/learn/glossary#live)A mode that places real buy and sell orders in your own broker account. * [Market hours](/learn/glossary#market-hours)The hours when NSE and BSE trade shares, 9:15 am to 3:30 pm on weekdays that are not holidays. ## Learn it in depth * [Module 10.4: Paper Trading to Live: The Hardest Transition9 min read, free](/learn/path-10/module-10-4-paper-trading-to-live-the-hardest-transition) TKeep watching ## Next tutorial. [0:45Next tutorial, When something goes wrongPhone or desktop: how do I put the terminal on my home screen?Add the terminal to your phone home screen for a full screen app with a tab bar, or use it in a desktop browser. Here is how to install it and what differs.Watch next](/learn/terminal/using-the-terminal-on-phone-and-desktop) ### Related tutorials * [1:10Start here, BasicPractice or Live: is my money really invested?1:10 video, BasicWatched](/learn/terminal/practice-vs-live) * [0:50When something goes wrong, BasicBroker session expired: why sign in again every day?0:50 video, BasicWatched](/learn/terminal/broker-session-expired) * [0:47When something goes wrong, BasicRejected orders: why did my broker refuse an order?0:47 video, BasicWatched](/learn/terminal/rejected-orders-and-why) [All 67 terminal tutorials](/learn/terminal/) Try it in Practice ## See it on your own screen. Practice mode runs the whole terminal without real orders, so you can open any strategy and find every screen from this tutorial for yourself. [Sign up for RupeeCase](https://invest.rupeecase.com/signup)[Glossary](/learn/glossary) Explore next ## Keep learning the terminal. * [TutorialOrder status: what do Placed, Open and Partly filled mean?1:08 video, Basic](/learn/terminal/order-status-explained) * [TutorialNeeds attention: what does the app tell me when a task stops?1:01 video, Basic](/learn/terminal/needs-attention-alerts) * [TutorialResume: how do I restart a rebalance that stopped?1:02 video, Basic](/learn/terminal/resume-a-rebalance) * [TutorialPartly done: how do I finish a rebalance that partly filled?1:14 video, Basic](/learn/terminal/complete-a-partial-rebalance) * [TutorialResend: how do I send a rejected order again?1:07 video, Basic](/learn/terminal/resend-a-failed-order) * [TutorialCancel order: how do I drop a stuck order?0:54 video, Basic](/learn/terminal/cancel-an-order) Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera Education only, not investment advice. Screens are recordings of the RupeeCase app on sample data. Strategy figures are model, back tested and after estimated charges, as of the date on screen; they are not client returns and not a promise of future returns. Formula and worked example numbers are illustrative. RupeeCase is a technology platform operated by QC Alpha Technologies Pvt Ltd; it is not a mutual fund, a PMS, an AIF or a SEBI registered investment adviser. Trades execute through your own SEBI registered broker and the shares sit in your own demat. Investments in securities markets are subject to market risks.