🎢Understanding uPNL
Unrealized Profit and Loss (uPNL) is a key metric for LODE traders, providing 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 as:
Continuous Updates: To ensure accuracy, UPNL values are updated in real-time, aligning with market fluctuations.
Importance of UPNL
Decision Making: uPNL offers essential insights for timely trading decisions, allowing traders to understand the profitability of their positions.
Risk Management: It plays a crucial role in risk strategy, indicating when to close positions to optimize financial outcomes.
UPNL Management Tips
Regular Checks: Closely monitor uPNL to remain informed about the performance of your trades and adapt as necessary.
Understand Market Influences: Recognize how market volatility affects uPNL and be prepared to adjust your strategy to mitigate risk.
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