Standard Chartered Online Trading
Asked 4d ago
I bought SWRD.L at 23.505 @ 37 shares with 10.70 fee.
Currently now the price has gone up to 23.705, however it says I have a P/L loss of -14.01.
Can somebody explain why? It is because it hasn't updated yet? I am not worried about the loss, just wanting to learn how this works.
It might be because of the broker fees. Or might be because of the currency loss. Some broker will take into account the current currency exchange rates and show your P/L. You can check with your broker to clarify.
Example, I invest in a US ETF, the ETF gain 2% over a period of time. During the same period, USD depreciates 4%. In this case, my brokerage account will likely show a loss (In terms of SGD).
Fret not! The broker usually shows you the final P/L after closing the trade accounting for commissions both on buying and selling as well as any other possible holding fees. Do check with your broker accordingly what other fees there may be.
Assuming that your selling fee is the same as the buying fee of 10.70
Your profit from the shares itself is (23.705-23.505) x 37 shares = 7.4 bucks. Then you’ll have to take away the buying and selling fees (21.40), which will leave you with the loss of 14 bucks:)
Hope this helps!:)