Future Trading Account Balance ?

[saliq]

Hello all,

I have a confusion to understand the account balance ..

I have Initial Account Size = $10,000 (I am doing paper trading)

DAY 1:
I open an order, and at the end of the day my PnL = -$150 (keep order open for next day)
so at the end of day my account balance = 10000-150 = $9850

DAY 2:
on Next Day i got positive PnL = 100 (for the same order which I open last day)
Now my account Report showing as 9850+100 = $9950

Problem:
But in my understanding it should be 10000+100 = $10100, as I did not closed my position on previous day,,

so please let me clear about this issue , either I have wronge understanding or the account report is showing incorrectly ?

Best Regards
Saliq

 

[mb325]

Are you sure the day 1 position wasn't closed overnight and then re-opened the next day at the lower price?

i.e. You bought at say 20, it drops to 17 and you lose $150, the position closes with the market. Position is re-opened the next day at 17, then moves up to 19 and you make $100. Therefore overall = -$50.

 

[saliq]

No i did not closed the position at the end of the day. that why I want to clear my understanding , does it work like this in all open order, that I closes with the market and re-open at the lower-price automatically with the market ?

 

[mb325]

I didn't mean YOU closed it, possibly your broker closed it at the end of day 1 and then opened again the next day at a lower price?