read this before you hurt yourself: http://www.interactivebrokers.com/en/software/paperTrader.php?ib_entity=llc
I did not see the clause regarding the API. I was choosing a specific route for quite a few of the limit orders, but yes it was manually through TWS. It was the only way I could see myself on LvlII.
Yes, if I was being reluctant to move out of a bad trade. However, the stock was running up, and I wasn't really even sure I wanted to chase it. So it isn't so bad...