Hello. I have Nio and bought too high so I went short and closed with a profit. The profit came off my Result in the Reports section but I didnāt see my balance go up.
Could you explain this a bit more to me please? Did I actually make that money?
The account value is always a āliveā snapshot of how your account is doing.
So I think that you have sold and pretty much broken even, resulting in the balance shown to be correct.
So your account value will not suddenly jump up, as the value takes into account current and open trades.
So i could start with £1000 in account value, and if I were to open a position the live result will be shown in my account value. So if you are up £10 on a live position, your account value will show £1010.
Minus fees and exchange rate fluctuations etc.
edit - itās profit if the amount in the account value is now higher than when you started.
It sounds like it helped keep you afloat in this instance.
Ohh I get it. So I did make a profit, hence why my Closing Result was green.
But because my āBuysā were down, I didnāt see a jump in profit.
I get it now.
Ok, so judging by the photos I think you are down : £71.98.
You would have been down : £145.77.
I could be wrong here I can barely see on my small PC im using here.
OR.
You made a profit of Ā£71.98. Itās either up or down, I canāt make it out.
If you closed the buy positions for a loss, and then shorted the market and made a profit, then it looks like you are down £71.98.
Sorry I canāt be more helpful, damn PC is tiny haha
The total value of your account goes up or down accordiing to the changes in the price of the stock, buy you make profit or loss only when you close your position.
Thanks Alien. I get that. I just wasnāt sure how it worked when you had both buys and sells at the same time. From what I gather I profited from closing my sell and will profit when I sell my buys when they are green.
Ohhhhhh. Yea, your short made profit, this should be reflected into your account balance.
Once you close the buy positions, you will either be in the green or in the red, depending on how they perform.
They will be affecting the account value though, as they are live positions running.
NIO should probably go up to 15 again tommorow or at the end of week at least in my view, today drop was probably from people taking profit (that was my plan as well but I missed it xD) if you have had enough funds you could keep it little bit longer instead of selling on loss just my point of view