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Profit and Loss

You can see P&L on the trading screens and in the Account window. Quickly add and remove fields to and from your Quote Monitor.

Position - shows your position in the instrument.
Market Value - equal to the position * market price.
Avg Price - the average price is calculated by dividing your cost (execution price + commission) by the quantity of your position. This value is then used to determine your unrealized P&L. Right-click the field name and select Configure Precision to specify additional decimal places that will display as superscript.

P&L - Shows your profit and loss for the current day. You can elect to show New Position P&L displayed as P&L (N) which is only for transactions executed today, or Daily P&L which includes all open positions plus the New Position P&L.

To set the P&L calculation between New and Daily, right-click the field name and check or uncheck Include today's opening position in P&L calculations.

To display New Position P&L

1. Right click the P&L field.

2. Uncheck Include today's opening position in P&L calculation. The field heading will display P&L (N) to indicate it's for new positions only.

New Position P&L calculation:
(current price - purchase price) x (number of outstanding shares purchased today).

To display Daily P&L

1. Right click the P&L field.

2. Check Include today's opening position in P&L calculation. The field label will read P&L.

Daily P&L calculation:
(current price - prior day's closing price) x (total number of outstanding shares) + (New Position calculation for all new positions) + (Closed Position calculation for all closed positions).

Closed Position calculation:
(trade price - prior day's closing price) x (total number of closed shares).

Unrealized P&L - the difference between the current market value and the average price of your position.

Note: Select "Display Both" from the right-click menu to show the unrealized P&L as both a value and a percentage off the initial investment.

Realized P&L - show your profit or loss 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).

Cost Basis - (the current position x average price).