MoneyTec.com Traders Community Forum - View Single Post

jtv1019 · 22-11-2004, 17:08

What time did you check back on your position?

The change in price could be reflected as your "new" position due to rollover. The Dealbook software will roll over positions into the next trading day at around 3P.M. central time. You will be able to tell that it is a roll if your UPL (unrealized p/l) show a value.

example:
(just using short as example, you didn't say which way you entered the market)

You short market at 1.3025. You then said when you came back to the platform you displayed 1.3011. Your UPL would display a profit of $140.00 (if you only had on 1 contract) and you would still have a short position, only it would be from your roll price of 1.3011. The complete opposite if you were long the market (you would show a loss of $140.00 in UPL).

Hope that helps.

22-11-2004, 17:08	#4 (permalink)
jtv1019 LCMFX Join Date: Sep 2003 Posts: 70 Rep Power: 0	What time did you check back on your position? The change in price could be reflected as your "new" position due to rollover. The Dealbook software will roll over positions into the next trading day at around 3P.M. central time. You will be able to tell that it is a roll if your UPL (unrealized p/l) show a value. example: (just using short as example, you didn't say which way you entered the market) You short market at 1.3025. You then said when you came back to the platform you displayed 1.3011. Your UPL would display a profit of $140.00 (if you only had on 1 contract) and you would still have a short position, only it would be from your roll price of 1.3011. The complete opposite if you were long the market (you would show a loss of $140.00 in UPL). Hope that helps.