PnL Briefly Explained
When we were/are newcomers to the world of trading in general crypto currencies by speciality, we were always curious about the concept of Crypto PnL and how it compares to Profit and Loss (P&L) in traditional finance.
PNL is an abbreviation for Profit and Loss, a term utilized to indicate the monetary gains or losses incurred by a trader while trading a specific cryptocurrency.
Profit and Loss (PnL) serves as a crucial instrument for traders as it provides a clear depiction of the financial gains or losses resulting from a specific trade.
We always likes the P and hates the L...however few times you have to taste it...for example yesterday's..👇
In the end our beloved Crypto trading is a risky yet fun and interesting...Just know more to lose less....Good Luck for us traders.
