Alright, I’m trying to get the hang of this. So I made some trades in my demo account and I woke up this morning to see that I was +600 bucks. Needless to say I was pumped…until I realized that I don’t know how to get out of my positions.
This evening my +600 is now a -1500. Two questions…how do you get out of your positions (I’m on Dealbook360), and what is the difference between unrealized p/l and floating p/l?
I’ve been through it once (and will go through it again, and again, and again, and…) but don’t recall reading the part on floating and unrealized p/l. If it’s in there your link would have been more helpful had it taken me to that page.
Wow, what a turnaround. How long did it take for that big of a turnaround. Make sure you read up on Stop Losses because you could’ve prevented such a big loss. Of course it was demo but you gotta pretend it’s real otherwise you’ll never learn
It took 12 hours. Some of my choices were just to figure out how the platform works. Being in stocks all this time I get confused with the whole bid/ask thing. I don’t short in stocks.
hi
I just started using Dealbook360 too
easiest way to get out of a position when you are confused and want to get out quickly: click on on “open positions” (top banner), right click the one you want to close and click on “close @ Mkt” - done