P&L is the abbreviation for profit and loss.
Trading records give feedback on how profitable a traderWhat is a trader? A trader is a person who buys and sells... More is or how profitable a strategy is.
P&L can be further divided into realised and unrealised profits or losses. When a trade is still open, the profit or loss that is shown is potential and therefore unrealised. When the trade is closed, it becomes realised and added to or subtracted from the trading accountTo be able to make trades, traders need a trading account a... More.