Trading 101: Open vs. Closed Profit and Loss (P&L)

In this video, I explore the fundamental concepts of open and closed positions in trading, specifically focusing on profit and loss (P&L). Understanding these principles is crucial for both novice and experienced traders. By distinguishing between open and closed positions, I clarify how they impact your potential to earn or lose money in the market. Using a real trading example, I demonstrate how P&L fluctuates with open positions and how it stabilizes once a position is closed. This video aims to provide a clear understanding of how these concepts work within a trading platform and the strategic decisions involved in managing trades.