Can anyone enlight me on IBs trade overview summary

Discussion in 'Interactive Brokers' started by Mike8040, Mar 18, 2020.

  1. Mike8040

    Mike8040

    I can't believe it I need to ask this Jez. Is it even possible to setup the trade or portfolio window with this, more then common, attributes?

    Product - Time - Entry price - Exit price - Amount - Total PnL % - Total PnL Amount

    And this not just for the day?


    The TWS dev...
     
  2. tommcginnis

    tommcginnis

    Isn't this the same thread? https://www.elitetrader.com/et/threads/cant-believe-it-total-p-l-missing.341565/

    I suspect that the IB support crew are too polite [:wtf::rolleyes:] to tell you that what you wish for is impossible. It's why individual growth rates have issues adding up to CAGRs: as soon as you change the basis, you've changed the game. As soon as a trader makes a trade, they change the [lifetime] basis by which the percentage is computed. What you have described as "total pnl %" is dependent on a basis which might go back in *years,* have stock-splits, have puts putting in, have calls calling out -- any number of different trades through-out the year, quarter, month, day, hour, minute..... each one having an effect on the lifetime basis.

    • A percentage is the ratio of "Where we're at" divided by "From where we've come."
    • Total $pnl answers the "Where we're at" part, and is a simple additive construct.
    • The "From where we've come" part changes throughout the lifespan of the holding, and is dependent on YOUR trading, or YOUR decision-making.

    What you're requesting IB to do is to create a decision-making gear-box with rounded shafts and missing teeth -- something destined to *ruin* you, and to make IB look pretty foolish. It should surprise no one that they're disinclined to do that.:rolleyes: Despite IB's seeming-emphasis on the retail trader over the last decade, their bread&butter remains in institutional trading. Best to keep that in mind.



    ((I have a dollar that sez Robinhood has a "total PnL %" field. I usually bet in pints, but a dollar is all the interest I could muster on this one.....))
     
    Last edited: Mar 18, 2020
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