Paper Trading and Live Portfolio Monitoring Now Available in ChatGPT with Alpaca

Alpaca’s ChatGPT plugins combine natural-language queries with account context to help users review balances, positions, orders, fills, and market information. The Paper Trading plugin supports simulated trading across stocks, ETFs, options, and crypto, allowing users to check their account, submit paper orders, and verify order statuses, fills, positions, and buying power, while the read-only Live plugin provides portfolio monitoring and market research but cannot execute, modify, or cancel live orders. The guidance emphasizes confirming account connections and permissions, distinguishing order acknowledgments from completed fills, and checking data entitlements and asset eligibility when requests fail. Paper-trading results are limited because simulations do not model factors such as market impact, latency-related slippage, queue position, or regulatory fees, and neither plugin provides investment advice. Users are advised to independently review AI-generated information, protect account permissions, use Alpaca’s dashboard or Trading API for real trade execution, and recognize that investing and cryptocurrency trading involve risk.

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