Ive looked up realized P&L i dont fully understand what it is. i have $209.78 on Realized P&L. Is it how much money i lost + interest?
Realized profit/loss is your profit/loss on closed positions.
Unrealized is profit/loss on positions that are still open. i.e, they will only be realized if you were to close them.
Hope this makes sense.
My margin rate is 30:1, I use take profit and usually it passes. I also notice my Realized P&L is also moving up too. So how am i losing money?
Starting balance on demo acct: $100,000
Current balance: $100,489.30
Realized P&L: $231.23
Margin Available: $99,549.36
I notice my Margin Available is moving but also going down. What happens if my Margin available hits to zero?
Also am i doing well?
You are not. Use stops and your margin won’t hit zero. You would be doing well if you had 100k dollars and a demo account.
Update: my Margin Available is no longer $99,549.36 it is $100,560 when i have no trades going. I actually earned around 70dollars last night. Out of 100,000 balance i started with i only lost around 60-70 dollars all together. So i lost but i went back up and i dont use anymore than $22,000. So im in ok shape?
Do yourself a favor and go threw the school here on this site.You are stabbing in the dark right now.It is very informative.
Am i in good shape? I started my account 02 March 2008 with info below:
Starting Balance: 10,000.00 (March 02, 2008)
New Balance : 35,700.40 (March 05, 2008 and still gaining so far)
Profit : 25,700.40
But data above are all in my demo Account. … Im still afraid in Live Account.
The way i see it as long your gaining and not gaining too slow your doing ok but im a total noob so ask the xperts. Ive been only doing swing trades so im not learning much from it lol. But yeah going back and forth seeing how much i lost and earn is only fun until you put in real money. The cash you made right there seems unreal 25k in 3days?
Wow this is some remarkable trading. what kind of leverage n risk did you use
If I had $500 P&L I am really only looking at $5 Profit correct??? Since I received a 50 to 1 scale on my money. I just want to be sure… Because I cant imagine them not readjusting the scale… if I am wrong… WOO HOO!
:33:
If it says 500 that’s what you got.
That is remarkable luck.
Intrests will only appear when you close the postion … it wont appear in realised nor unrealised P/L … equity and balance will change only …