--- title: "Practice vs Live portfolios | RupeeCase" description: "Practice follows a strategy with no broker order. Live sends real orders to your own broker. Where the choice is made and how to tell which one you hold." source_url: "https://www.rupeecase.com/learn/terminal/practice-vs-live" --- ## Watch: Practice vs Live Live and Practice portfolios sit in their own tabs.Practice or Live: is my money really invested? 5 chapters, 1:10, with voice and music 1. [Chapter 1Where it is0:16](/instiv2/media/tut3/practice-vs-live-where-phone-dark-v3-va2.mp4) 2. [Chapter 2What it means0:23](/instiv2/media/tut3/practice-vs-live-meaning-phone-dark-v3-va2.mp4) 3. [Chapter 3Worked example0:06](/instiv2/media/tut3/practice-vs-live-example-phone-dark-v3-va2.mp4) 4. [Chapter 4How to read it0:15](/instiv2/media/tut3/practice-vs-live-reading-phone-dark-v3-va2.mp4) 5. [Chapter 5Watch out0:10](/instiv2/media/tut3/practice-vs-live-watch-phone-dark-v3-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 4In 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**4**How to read it ### Chapter 1: Where it is 12 Show the whole screen 12 Show the whole screen 1. 1**Live and Practice**Live and Practice portfolios sit in their own tabs. Shown in the video, not on this still 2. 2**Practice tab**Practice follows a strategy with no real broker order. Shown in the video, not on this still ### Chapter 2: What it means 1 Show the whole screen 1 Show the whole screen 1. 1**Practice is chosen first**The invest sheet starts on Practice. Live sends real orders to your own broker, after your consent. Shown in the video, not on this still ### Chapter 4: How to read it 1 Show the whole screen 1 Show the whole screen 1. 1**Portfolio header**Each portfolio says Live or Practice, with its broker. Shown in the video, not on this still ## Where it is ScreenInvest sheet and DashboardBasic The Trading mode choice is on the invest sheet (Confirm investment). The Dashboard has All, Live and Practice tabs. Basic and Advanced. Indices in this video: [Allcap](/strategies/allcap) (strategy page) and [Large Cap Multi Asset](/strategies/largecap-multi-asset) (the sample portfolio). ## What it means Practice follows a strategy's trades with no real broker order: nothing is bought at your broker. Live places real orders in your own broker account, after you accept the consent text, during market hours. The invest sheet starts on Practice. ## The formula Practice is the default mode on the invest sheet. Live needs a broker with an active session and your consent tick; orders go only to the broker you choose. As computed in the RupeeCase app`Trading mode: Practice (chosen first) or Live (real orders go to your broker account) Live needs a broker with an active session, your consent and an open market Dashboard tabs: All, Live, Practice, Archived` ## Worked example Example only * Practice portfolio of Rs 2,25,000: no order at your broker * Live portfolio of Rs 2,25,000: orders for each stock at your broker * Both show on the Dashboard, in their own tabs ## How to read it * The Dashboard tab and the portfolio header say Live or Practice. * The Practice tab note reads: no real broker order. * Live portfolios show your broker and its cash. ## Watch out * The sheet defaults to Practice: check the mode before pressing Invest now. * Practice ignores real fills, slippage and partial orders. * Invest now on Live places orders immediately during market hours. ## Transcript Tap Sound on for voice and music. These are the captions of the video, chapter by chapter. 1. 0:00**Where it is.** Live and Practice portfolios sit in their own tabs. 2. 0:16**What it means.** The invest sheet starts on Practice. 3. 0:39**Worked example.** Worked example, example only: Practice portfolio of Rs 2,25,000: no order at your broker. Live portfolio of Rs 2,25,000: orders for each stock at your broker. Both show on the Dashboard, in their own tabs. 4. 0:45**How to read it.** Each portfolio says Live or Practice, with its broker. 5. 1:00**Watch out.** Watch out: The sheet defaults to Practice: check the mode before pressing Invest now. Practice ignores real fills, slippage and partial orders. Invest now on Live places orders immediately during market hours. ## Terms in this tutorial * [slippage](/learn/glossary#slippage)Difference between expected trade price and actual execution price. * [T+1](/learn/glossary#t-plus-1)Settlement cycle in Indian equity markets. ## 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. [1:00Next tutorial, Start hereGetting around: where are the tabs, markets and glossary?The three main tabs, the Markets sheet behind the NIFTY chip, the "What the figures mean" glossary and the in-app guide.Watch next](/learn/terminal/getting-around) ### Related tutorials * [1:09Start here, BasicModel history or your portfolio: which numbers am I looking at?1:09 video, BasicWatched](/learn/terminal/model-history-vs-your-portfolio) * [0:51Read a strategy, BasicMinimum investment: why does each strategy have one?0:51 video, BasicWatched](/learn/terminal/minimum-investment) * [1:16Start here, BasicBasic or Advanced: where did the other figures go?1:16 video, BasicWatched](/learn/terminal/basic-and-advanced) [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. * [TutorialThe performance disclosure: why do the charts wait for I agree?1:21 video, Basic](/learn/terminal/performance-disclosure) * [TutorialThe account menu: where are sessions, links and codes?1:13 video, Basic](/learn/terminal/your-account) * [TutorialGetting around: where are the tabs, markets and glossary?1:00 video, Basic](/learn/terminal/getting-around) * [TutorialModel history or your portfolio: which numbers am I looking at?1:09 video, Basic](/learn/terminal/model-history-vs-your-portfolio) * [TutorialMinimum investment: why does each strategy have one?0:51 video, Basic](/learn/terminal/minimum-investment) * [TutorialBasic or Advanced: where did the other figures go?1:16 video, Basic](/learn/terminal/basic-and-advanced) 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.