🎢Understanding uPNL

Unrealized Profit and Loss (uPNL)

Unrealized Profit and Loss (uPNL) is a key metric for LODE traders, offering real-time insights into the potential outcomes of active trades.

Calculating uPNL

• Dynamic Approach: uPNL reflects potential gains or losses based on current market prices, calculated continuously to provide accurate, up-to-date information.

• Continuous Updates: uPNL values are updated in real-time, aligning with market fluctuations to ensure precision.

Importance of uPNL

• Decision Making: uPNL provides critical insights for timely trading decisions, helping traders assess the profitability of their positions.

• Risk Management: It plays a vital role in risk strategies, signaling when to close positions to optimize financial outcomes.

Tips for Managing uPNL

• Regular Monitoring: Regularly check uPNL to stay informed about the performance of your trades and make necessary adjustments.

• Understand Market Influences: Be aware of how market volatility impacts uPNL and adapt your strategy to mitigate associated risks effectively.