Definition

Floating (unrealised) P/L

Floating P/L is the profit or loss on open positions that has not been realised yet — it moves with price and is added to balance to give equity.

Because floating P/L feeds equity, unrealised losses count against equity-based limits in real time, and unrealised profit can lift a trailing drawdown peak before you close.

Related terms

Equity — Equity is an account's balance adjusted for the profit or loss on open positions (and any swap or fees) — the account's live value right now.
Drawdown-from-peak (trailing drawdown) — Trailing drawdown is a maximum-loss floor that follows an account's equity up as it makes new highs, so the line to stay above is tied to peak equity, not the starting balance.

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