How to Read PnL Analysis?
[Estimated Reading Time: 3 mins]
Understanding your Profit and Loss (PnL) Analysis is essential for evaluating your trading performance. IMBX’s PnL analysis is divided into three tabs: Account Analysis, Coin Analysis, and Trading Analysis, each offering unique insights into your trading activity.
What is PnL?
PnL, or Profit and Loss, is a way to track how much money you’ve made or lost from your cryptocurrency trading activities. It helps you understand your trading performance by breaking it into three simple parts:
1. Realized PnL: Profit or loss from trades you’ve already completed. For example, if you bought Bitcoin at $85,000 and sold it at $90,000, your profit is $5,000 minus fees.
2. Unrealized PnL: Potential profit or loss from coins you’re still holding. For instance, if you bought Ethereum at $3,000 and it’s now worth $3,500, your Unrealized PnL is $500.
3. Total PnL: The combined value of Realized and Unrealized PnL, showing your overall trading performance.
How to Access PnL Analysis on IMBX website?
1. Navigate to Assets and Choose Spot Account from the option
2. Select PnL Analysis
3. After selecting PnL Analysis, you will find the following tabs:
- Account Analysis
- Coin Analysis
- Trading Analysis
Account Analysis
The Account Analysis tab provides a summary of your overall PnL and asset value.
1. Estimated Asset Value displays the total value of your assets in BTC and its USD equivalent.
2. Today's PnL shows the profit or loss in USD for the current day.
3. 7-Day PnL and 30-Day PnL provide cumulative PnL data for the last 7 and 30 days, helping you review short-term performance.
4. Custom Date Range allows you to select specific dates to calculate your total PnL for any given period.
Coin Analysis
The Coin Analysis tab offers insights into the performance of individual cryptocurrencies in your portfolio.
1. Total shows the total holdings and the current value of the selected cryptocurrency.
2. Transaction Holdings (BTC) displays the total number of coins you are currently holding.
3. Breakeven Price (USDT) reflects the average price at which you can sell your asset without incurring a loss, considering changes in position size and trading fees. This price updates as you make new trades or adjustments to your position, helping you track the exact price needed to recover your investment.
4. Cost Price (USDT) represents the average cost of your asset, including the initial position and any subsequent purchases. It factors in the price at which additional increments were added, giving a clear overview of your total investment cost over time.
5. Last Price (USDT) shows the current market price of the selected cryptocurrency.
6. Total PnL and ROI reflects your overall profit or loss and return on investment for the specific coin.
Trading Analysis
The Trading Analysis tab provides a detailed breakdown of your trading performance for specific trading pairs.
1. Base and Quote lets you select a trading pair (e.g., BTC/USDT) for analysis.
2. Realized PnL displays the profit or loss from completed trades for the selected pair.
3. Unrealized PnL shows the potential profit or loss from open positions compared to their purchase price.
4. Transaction Fees displays the fees paid, with an option to enable BGB fee deduction for discounts.
FAQs
1. Can I customize the PnL analysis for specific trading pairs?
Yes, you can select specific trading pairs in the Trading Analysis tab by using the Base and Quote dropdown menus.
2. How do I calculate ROI for a specific coin?
ROI is automatically calculated in the Coin Analysis tab as a percentage of your total investment.
3. Why is my Unrealized PnL showing 0?
Unrealized PnL will only show values if you have open positions in the selected trading pair. If there are no active trades, it will display 0.
4. How are transaction fees calculated in PnL analysis?
Transaction fees are deducted based on your trading volume and fee tier. You can view a detailed breakdown under the Transaction Fees section in the Trading Analysis tab.
5. How often should I check my PnL analysis?
Check your PnL daily or after significant trades or market movements to stay updated on your performance.
Disclaimer and Risk Warning
All trading tutorials provided by IMBX are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. IMBX is not responsible for any trading decisions made by users.