$BTC my PNL

In trading, PnL stands for Profit and Loss. It's a key metric that indicates whether a trader has made a profit or incurred a loss on a specific trade or a series of trades over a set period. A positive PnL signifies a profit, while a negative PnL represents a loss.

Here's a more detailed explanation:

What it measures:

PnL quantifies the financial outcome of trading activities. It shows the difference between the revenue generated from selling an asset and the cost of acquiring that asset.

How it's used:

Traders use PnL to assess the performance of their trading strategies, track their overall profitability, and make informed decisions about future trades.

Realized vs. Unrealized PnL:

Realized PnL: Refers to the profit or loss from trades that have been closed (i.e., the asset has been bought and sold).

Unrealized PnL (also called Floating PnL): Represents the profit or loss on open positions that are still active. It's based on the difference between the entry price and the current market price.