Reading the numbers
P&L and the position numbers
Open, realized and net P&L, equity, average price, and what the position chip is telling you.
| Term | Meaning |
|---|---|
| Position | Net quantity: +2 long, −1 short, flat at 0. One net position per symbol. |
| Avg price | The average fill price of the open position, on its own price-axis tag. |
| Open P&L | Unrealized: (last price − average) × units for a long, the reverse for a short. It moves with every tick. |
| Realized | P&L locked in by closed trades, after commission. |
| Equity | Starting capital + realized + open P&L. What the account is worth right now. |
| Mark | The price the open P&L is valued at: the last price. |
| % | P&L as a percentage of the entry value. |
| R | P&L ÷ the money at risk to the initial stop. +2R made twice what was risked. Needs a stop at entry. |
Buy 2 lots @ 51,200.00 = 60 units
Last price 51,245.50
Open P&L (51,245.50 - 51,200.00) x 60 = +2,730.00
Stop at 51,150.00 -> risk (50 x 60) = 3,000.00
R 2,730 / 3,000 = +0.91RThe position chip's P&L cell can read in money, points, ticks or percent (Settings → Trading → P&L display). Points are what index traders count; money is what the account feels.