You are welcome! Are you struggling to generate consistent profits trading options? Download your free copy of the $100k Trading Plan here and watch this replay of a webinar that we did last week to discover our unique framework that can help you to make $100,000 with trading. www.rockwelltrading.com/free/download-100k-trading-plan/
That is so funny because I too look at my account throughout the day and get excited when I'm making money and not so excited when the stock is down. Being retired affords me all this wasted time.
What if your open P&L is negative as in lower than the price you bought the stocks? What will happen if I sell and close the trade with negative p&l? will i have to pay the difference?
The "day change P&L" is the change in P&L for TODAY only, i.e. how much your positions made or lost TODAY. The "P&L" is the open profit and loss over ALL positions since the time you bought them. Does this help?
YES! You will experience swings every day, and therefore the DAILY P&L will drive you crazy. Check the OVERALL P&L, and you will be less nervous and anxious when trading 😀
Sir Markus one more thing, I am monitoring smartedge and there is "day change & P&L" column is this the combination of day change p&L and P&L or day change P&L only. Sorry to ask you lots of questions I just started to do this and I am not knowledgeable on this field.
When calculating percentage risk per trade do you work it out based on current account value including the open P&L or your actual funds? For example: $10000 account, I place my first trade and it has an open P&L of + $100. Account value is now $10100. Now I would like to place a second trade. Would I work out ‘x%’ of 10100 even though the trade hasn’t hit its target yet or ‘x%’ of $10000 as that’s the accounts funding. Thanks Markus, great content.
I calculate the risk percentage based on REALIZED profits or losses. As long as the trade is open, it could be a win or a loss. In your example, I would use the $10,000 for calculating the risk for Trade #2, and once Trade #1 is closed, you look at your account balance and use THAT for Trade #3. Does this help?
Straight to the point and well explained as usual!
Hi Roberto Berti, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍
@@rockwelltradingservices I have a P/L Day of $77.17 in red is that a gain or loss? Thanks
I needed this information and your explanation was clear like water, great video!
Thank you!
You’re amazing sir. Thank you for the excellent explanation.
You are welcome! Are you struggling to generate consistent profits trading options? Download your free copy of the $100k Trading Plan here and watch this replay of a webinar that we did last week to discover our unique framework that can help you to make $100,000 with trading.
www.rockwelltrading.com/free/download-100k-trading-plan/
That is so funny because I too look at my account throughout the day and get excited when I'm making money and not so excited when the stock is down. Being retired affords me all this wasted time.
Awesome! :)
What if your open P&L is negative as in lower than the price you bought the stocks? What will happen if I sell and close the trade with negative p&l? will i have to pay the difference?
Hi Sir, is this any different for Day change P&L and P&L only? what is most important to check??
The "day change P&L" is the change in P&L for TODAY only, i.e. how much your positions made or lost TODAY.
The "P&L" is the open profit and loss over ALL positions since the time you bought them. Does this help?
Hi Sir Marcus thank you for the reply, really appreciate it. So meaning I need to be more focus in P&L?
YES! You will experience swings every day, and therefore the DAILY P&L will drive you crazy. Check the OVERALL P&L, and you will be less nervous and anxious when trading 😀
Once again, thank you so much for the good explanation.
Sir Markus one more thing, I am monitoring smartedge and there is "day change & P&L" column is this the combination of day change p&L and P&L or day change P&L only. Sorry to ask you lots of questions I just started to do this and I am not knowledgeable on this field.
Thanksss you are cool bro !
When calculating percentage risk per trade do you work it out based on current account value including the open P&L or your actual funds?
For example:
$10000 account, I place my first trade and it has an open P&L of + $100.
Account value is now $10100.
Now I would like to place a second trade. Would I work out ‘x%’ of 10100 even though the trade hasn’t hit its target yet or ‘x%’ of $10000 as that’s the accounts funding.
Thanks Markus, great content.
I calculate the risk percentage based on REALIZED profits or losses. As long as the trade is open, it could be a win or a loss. In your example, I would use the $10,000 for calculating the risk for Trade #2, and once Trade #1 is closed, you look at your account balance and use THAT for Trade #3. Does this help?
Markus Heitkoetter excellent, yes that’s very helpful. Thank you for taking the time to help people.
I am glad that this help! 😉 Thanks for watching!
I have a P/L Day of $77.17 in red is that a gain or loss? Thanks
Thanks for the video and insights! Hope your children have success in their boat racing.
Thank you! :)
Thank you.
You are welcome! :)
whats this. i dont understand anything.🙁
Start with this playlist ruclips.net/video/vI8vd2EwcJA/видео.html
My f n ears
Hello! I hope that this helps!
😒
Why don't you come up with an original explanation for yourself instead of copying someone else's explanation