What is the difference between open p&l and day p&l in the context of cryptocurrency trading?

1 answers

• Dec 14, 2021 · 3 years ago
  In the context of cryptocurrency trading, open P&L refers to the unrealized profit or loss on a trader's open positions. It represents the potential gains or losses if the positions were to be closed at the current market price. On the other hand, day P&L represents the realized profit or loss within a single trading day. It reflects the actual gains or losses a trader has made by closing positions during that day. Open P&L is useful for assessing the overall performance of a trader's portfolio, while day P&L provides insights into the profitability of their daily trading activities. Both metrics are important for traders to track and manage their positions effectively.
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