I have a simulation trading account. I am trading stocks only. I do intraday swing, closing all my positions before 4pm. It seems the P&L on IB trading page does not include commssions and fees. Can anyone confirm this? Is there a setting I can change to make the P&L include fees? ($0.005 per share). Thanks in advance, Freewilly
If you look in your account window, your realized and unrealized P&L will be an after-commissions figure.
This is my account value this morning before I started trading. I had no positions at all. My account value was $103942.54
Then at the end of the day, I had no positions, and my account value was: $110982.54 My acount value increased $7040, but my P&L was $7461. The differece is $7461-$7040=$421. That $421 seems my commssion, but it is not shown anywhere on my account.
This is from IB's TWS User Guide RealizedPNL- Shows your profit on closed positions, which is the difference between your entry execution cost (execution price + commissions to open the position) and exit execution cost ((execution price + commissions to close the position) so commish are just embedded into the overall transaction once the position is closed out from my understanding
I believe you have to open a sim account through your regular account, at least subject to monthly minimum fees...
Hi, Ezekiel, Thanks. I saw that as well, and that what I believed, i.e., P&L includes fees. However, that's not what I see on my account. Evereyday, my account doesn't add up. The P&L on my trading page must not have fees included.