In TradeZella, the Profit and Loss (P&L) displayed in the Daily Journal and Calendar view can sometimes seem different from what is shown in individual trades.
Here’s an explanation of how TradeZella calculates the P&L for your trades on a daily basis.
P&L Calculation in Calendar or Daily Recap View
In the Daily P&L view, the main P&L (shown at the top of your Daily Journal) is calculated based on when you close a trade or take a partial exit to ensure accurate tracking.
This means that while the trade itself will show total profit, the Daily Journal will only display profits on the days when you made partial or full exits.
For example:
If you opened a trade on August 12th but didn’t close it or take a partial profit until a few days later, the P&L for August 12th would reflect $0 for that trade.
The actual profits would only be reflected on the days when you took action:
Partial Profit: If you took a partial profit on a day (e.g., $1,000), that partial amount would be reflected in your P&L for that day.
Fully Closed: When you close the position with a $2,000 profit, it will be displayed on the day the trade was fully closed.
Example Breakdown for Clarity
User Question: Why is the P&L for the day showing $467.14?
Here’s the explanation:
The total P&L for the day is Net P&L: $467.14 (Gross P&L: $469).
Let’s break down the profit for each trade on August 12:
AAPL: Profit of $469 (This is the only trade reflected in the P&L for the day).
SPY: No profit on this day (profit was taken on a different date).
XLRE: No profit on this day (profit was taken on a different date).
Only the AAPL trade is reflected in the P&L for August 12. The profits for SPY and XLRE are not shown because those trades were closed on different days.
Conclusion
TradeZella calculates the P&L similar to how most brokers do, ensuring that profits are reflected only on the days you take action (partial or full exits).
If you still have any confusion or additional questions, feel free to reach out to us for further clarification!
Need further assistance? Feel free to contact our support team at support@tradezella.com for help!