Rightly spoken, and exactly what I intend to do. These are my current positions. Currently, I'm looking forward to seeing how GBP and CAD turns out. Chart-wise, GBP looks poised for an upward surge and CAD for a continuation in trend. Btw, Can anyone enlighten me on what the P/L column stands for? Sorry, I don't really know how to use this platform well.
? What in god's name are you talking about? I've already posted screenshots of my IB workstation. Yes I get that, but if you look at my screenshot, you'll see 3 columns. P&L, Unrealized P&L and Realized P&L. I'm asking about that.
Ahh the beauty of trading - anyone can join the game and give it a try. And then proceed to one of emg's stats. 1 - Learn your platform BEFORE trading on it, not after. 2 - You should really know what the p/l's are telling you BEFORE trading, not after.
I did not have the P/L column before. Obly after I re-installed the platform. Why would I need that when I have my unrealized, realized and NLV? I'm good enough with those 3.
From the TWS user manual: P&L: Displays gains or losses. To modify the P&L calculation used, right-click the field and select or deselect Include today's opening position in P&L calculation. Unrealized P&L: Calculates unrealized P&L for stocks, stock options and futures options. Unrealized P&L is calculated using the formula: (current market price - average cost/share) x total number of shares The average cost per share is updated in realtime. This field is automatically added to the Trading window when the customer takes a position. Once removed it is not automatically added again. Realized P&L: Calculates the realized profit and loss per position.
I'm pretty sure the P&L column shows a mix of your realized + unrealized P&L for that instrument in real time. For example, if trading CL, and you had already realized $500 in losses that day, but had an open trade with $300 in unrealized gains, the P&L column should read $200.