My p&l is showing -7000 loss but my is showing - -3000 loss…pls tell i’m very confused
mtm means mark to market, this will be loss based on previous closing price of the security you have purchased… while p&l will your total p&l, based on your buy/sell price and current market price…
P&L is overall, M2M is for the day only.
For example: If you buy RIL Futures on Monday at 2000 and sell it on Wednesday at 2100 = your profit is 100.
But everyday RIL Futures will have a closing price against which your order will be Mark to Market-ed
Bought @ 2000 Monday, closing on Monday - 2020 = +20 MTM
Opening @2020 on Tuesday , closing on Tuesday -2010 = -10MTM
Opening @ 2010 on Wednesday, closed position at 2100 = +90
Total P&L = 100