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Just realized a lot of newer traders are confused about PNL, so let me break this down real quick.
PNL stands for Profit and Loss - pretty straightforward. But here's the thing: there are two types you need to understand, and they're totally different.
Unrealized PNL is basically your paper gains or losses while your position is still open. Say you bought ETH at 3,000 and now it's sitting at 3,500. You're up 500 on paper. But that profit isn't locked in yet - you haven't actually sold, so technically it's not yours until you close the trade.
Realized PNL is what happens when you actually hit sell. That's when your profit or loss becomes real money. You close at 3,500, boom - your realized PNL is +500. Now it's locked in.
Then there's today's PNL, which I check constantly. It's basically the sum of all your gains and losses just for today. Green means you're up, red means you're down. Updates in real-time too, so you always know exactly where you stand right now.
Honestly, understanding PNL meaning and how to read it properly changes everything about how you trade. It's not just about winning or losing - it's about actually knowing what's happening with your positions. Helps you cut losses faster or take profits at the right time instead of just hoping things work out.
Right now BTC is sitting around 67.88K (+1.88%), ETH at 2.10K (+3.40%), and BNB at 615.70 (+1.01%). Good time to check your own PNL and see how you're actually doing. What's your PNL looking like this week?