P/L Day Meaning on ThinkorSwim
What is P/L Day on ThinkorSwim?
P/L Day on Thinkorswim refers to the "Profit and Loss" for a specific day. It's a measure of the profit or loss that would have been realized if all open positions were closed out at the end of the trading day. The P/L Day value is based on the difference between the last traded price and the average entry price of each position, multiplied by the number of shares or contracts.
Thinkorswim is a professional-level trading platform that offers advanced charting, technical analysis tools, and real-time data. The P/L Day feature allows users to quickly monitor the performance of their open positions and assess the potential profit or loss they would incur if they closed them out at the end of the day.
It's important to note that P/L Day is a hypothetical value based on the last traded price, and it does not reflect any changes in the position’s value that may occur after the market closes. Also, the actual profit or loss will depend on the price at which the position is closed, which could differ from the P/L Day value.
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