Hi Everyone!
So I am new to the trading world and I'm learning more and more each day. I am currently using the ThinkorSwim platform to try to understand the paper trading first.
I wanted to know how you can tell what your actual profit or loss is. Meaning, I can see a an P/L open of ($228). How can I tell if this is a loss or profit? Is there a way to change how I view profits/losses?
Also, can anyone recommend some good videos to watch so that I can learn more about Calls and Puts?
I'll take any advice or info, I can get!
Thanks all!
profit loss for the day or profit loss since you got in the position i think.. use live support on think or swim theyre pretty good
I think it's a loss too, I tried the live chat but I'm not getting a response. Maybe that is because I'm only doing the paper trading right now.
I use the thinkorSwim platform and yes the P/L open is the profit or loss since you got int that position. P/L open is the profit or loss for the current day. Red means your down green means your up. If today is the first day you took a position in the stock then your P/L open, and P/L day will be the same. if you have any other questions about think or swim i would be glad to help out the best i can.
If think or swim was accurate (I've never used it) but mathematically P/L as you describe it is a ratio. you haven't indicated a color of the numbers and P/L are rarely in ratios because a number over one means you are winning and a number under 1 would mean you are losing.
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