Profit/Loss
a.k.a. P&L, P/L, PnL
How much money a trade or account has made or lost, either still open (unrealized) or closed (realized).
In plain English
How much money a trade or account has made or lost, either still open (unrealized) or closed (realized).
Profit/loss, written P&L, is the scoreboard. On an open trade it is unrealized: the number dancing in your platform as price moves. Once you close the trade, it becomes realized and lands in your balance for good.
Traders check daily, weekly and monthly P&L. Watching the open P&L tick by tick, though, is one of the fastest ways to make emotional decisions. Many traders hide it and focus on whether price is behaving the way their plan expected.
Keep this word for good
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