This section provides a summary of your trading account's performance and balance. It includes information about profits, losses, orders, and specific metrics tied to your trading activities. Here’s a detailed breakdown:
1. Estimated Balance
- This field shows the total amount of money available in your trading account. It includes deposits and any profits or losses from previous trades.
- The estimated balance indicates your current financial standing in the trading platform, helping you decide how much capital you have available to open new positions.
2. Close Profit Per Day
- Displays the amount of profit or loss generated from all trades closed on a specific day.
- This gives you a quick insight into your daily performance, letting you track how well (or poorly) your trading strategy is working on a daily basis.
3. Yesterday Close P&L (Profit and Loss)
- Shows the total profit or loss from trades closed the day before. It includes all closed positions and calculates whether they resulted in a net gain or loss.
- Yesterday’s P&L allows you to assess how your recent trades performed and provides a clear indication of whether the previous day was profitable.
4. Monthly Close P&L
- This section aggregates the profit or loss from all closed positions for the entire month.
- Tracking monthly performance helps you measure longer-term success, identify trends, and evaluate whether changes to your trading strategy are needed.
5. Orders Count
- This shows the total number of orders you have placed. It includes both executed orders (completed) and pending orders (not yet executed).
- Monitoring the order count gives you an overview of your trading activity level. A higher number of orders indicates more trades or attempts to enter/exit positions.
6. Total Close Profit by Symbol
- This section typically provides a breakdown of profits or losses, categorized by the different symbols (such as stocks, currencies, commodities) that were traded.
- Knowing which symbols are more profitable for you can help refine your trading strategy. This section highlights which assets are performing well and which are leading to losses, enabling more focused decision-making.
Additional Key Concepts to Know:
P&L (Profit and Loss):
- A metric that measures the profit or loss of your trades. It is one of the most critical indicators of trading performance. Positive PnL shows gains, while negative PnL indicates losses.
Orders:
- When you place an order, you are instructing the platform to execute a trade. Orders can be filled immediately (market orders) or triggered under certain conditions (limit orders, stop-loss orders).
Closed Trades:
- When a trade is "closed," it means the position has been completed. For example, if you bought a stock and later sold it, the trade is closed. Closed trades reflect finalized profit or loss amounts.
Balance:
- The balance reflects your overall capital, including realized gains and losses. It provides the clearest picture of your trading account’s current status.
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