๐งง๐๐งง๐ Todayโs lesson for beginners | What is PNL on Binance?
If you open any trade on Binance youโll see the word PNLโone of the most important pieces of information you need to understand.
What is PNL?
PNL is an abbreviation for Profit and Loss, meaning profit and loss.
What does it mean?
๐ข If the PNL is positive, youโre making a profit.
๐ด If the PNL is negative, youโre in a loss.
There are two types:
โ
Unrealized PNL: unrealized profit or loss, which changes with the price movement.
โ
Realized PNL: realized profit or loss after closing the trade.
๐ก Tip: Donโt close the trade just because you see a small profit or a temporary lossโfollow a clear trading plan, set your target, and your stop-loss before entering.
๐ A new lesson every day to help you become more professional in trading.
#crypto #binance #bitcoin #BOX #Everyone