Are you curious about how much you're making on each trade with Fidelity? It's easy to check your profit and loss (P&L) for each order in the Fidelity Order History. Here's how to do it:
Note: The P&L shown in the Order History is the realized P&L, which is the actual profit or loss that you have made on the trade. This is different from the unrealized P&L, which is the potential profit or loss that you could make if you were to close the trade at the current market price.
Your P&L information can be used to track your trading performance and identify areas where you can improve. For example, if you see that you are consistently losing money on a particular type of trade, you may want to consider adjusting your trading strategy.
You can also use your P&L information to make tax-related decisions. For example, if you are planning to sell a stock, you can use your P&L information to determine if you will owe capital gains taxes on the sale.
Checking your P&L for each order is a good way to track your trading performance and identify areas where you can improve. Fidelity makes it easy to view your P&L information in the Order History. By taking advantage of this feature, you can make informed trading decisions and improve your overall profitability.
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