What is unrealized p&l?
The paper gain or loss on a position you still hold. It moves with the price and isn’t locked in until you close the trade.
The paper gain or loss on a position you still hold. It moves with the price and isn’t locked in until you close the trade.
Unrealized P&L, explained
While a position is open, its P&L is unrealized — a paper number that rises and falls with the live price. It isn’t money in your account yet; it only becomes real (realized) when you close the trade. An open position shows unrealized P&L; a closed one shows realized.
Where unrealized p&l shows up in a journal
A trading journal is where this stops being a definition and becomes your own number. sizeforzero computes it from the trades you import or log, alongside the rest of your analytics vocabulary, and every figure in the app carries an (i) that explains it in the same plain English you just read.