What realistic paper trading includes.
A useful memecoin simulator does more than multiply an amount by the displayed price. It identifies the token on the active terminal, reads a current market snapshot, and records the execution against the liquidity available at that moment. Ghostbag stores the token name, symbol, contract address, image, venue, market-cap snapshot and execution source beside every paper order.
Live price is only the starting point
A quoted price does not guarantee that an order of every size can fill there. Thin pools move when an order enters them. Ghostbag applies pool depth, platform and liquidity-provider fees, network costs, configured latency and slippage tolerance before it records a fill. A rejected attempt stays in the ledger instead of quietly disappearing.
One click should still leave an audit trail
Fast controls and detailed accounting are not opposites. The buy presets execute directly; the sell presets close a percentage of the held tokens. Behind each click, the ledger records the timestamp, fill status, token quantity, wallet change, fees, price impact and realized PnL. The dashboard then turns those facts into execution insights rather than generic trading advice.
What the position tape means
Invested is what successful buys removed from the paper wallet. Sold is the net value returned by sells. Remaining is the marked value of tokens still held. PnL combines realized results with the current unrealized result. Switch between SOL and USD without changing the underlying accounting.
Continue with price impact and slippage, or see the exact PnL calculation.
Paper trading is educational. A simulation can model execution conditions, but it cannot promise a future fill or profit.