The Balances section of the Portfolio window displays real-time account balance information for your account, including: Account Equity, Day Trading and Overnight Buying Power (DTBP & ONBP), Profit & Loss, Margin Balances and more. An Account History button is also included for easy access to historical account data.
The calculation used to determine Account Equity are provided for your convenience in this area: BOD Account Equity + Current Market Value - BOD Market Value - Net Trades Value = Account Equity
The Balances window contains the following data:
| Account Equity | Also known as Liquidating Equity is the intra-day balance of all cash and securities in your account less any debit balance/plus any credit balance. The calculation for Intra-day Account Equity is: BOD Account Equity + Current Market Value - BOD Market Value - Net Trades Value = Account Equity |
| BOD Account Equity | Also known as BOD Liquidating Equity is the balance of all cash and securities in your account less any debit balance/plus any credit balance. |
| Current Market Value | The current value of all security positions within an account. This is calculated by multiplying the Bid/Ask price in extended hours trading or the Last Price during normal market by the number of shares for equities. All options are calculated by multiplying the Bid/Ask price by the number of contracts. Note: If either Bid/Ask or Last Price is not available we will use the clearing firms Mark-To-Market value for both equities and options. |
| BOD Market Value | The total value of all security positions within an account. This is determined by multiplying the number of shares (equities) or contracts (options) by yesterday's closing price. |
| Net Trades Value | This is the difference between the Total $ Purchase vs. Total $ Sold of securities traded intra-day. Note: This value will be zero if there have been no intra-day trading activity. |
| Total P/L | The total Profit or Loss for the day. Calculated by adding your Open and Closed P/L and subtracting your commission costs. |
| Daytrader Buying Power | (DTBP) For margin traders, the amount available at the present to purchase additional securities during regular market hours. It is roughly 4-times your Excess Equity. |
| Overnight Buying Power | (ONBP) For margin traders, the amount available at the present to purchase additional securities after market hours. It is roughly twice your Excess Equity. |
| Non-Margin Buying Power | For non-margin traders, the cash or cash equivalent in your account available for trades. This number increases or decreases depending on the current market value your holdings.. |
| Excess Equity | Uncommitted reserve equity. EE equals your Account Equity balance minus your Margin Requirement balance. |
| Open P/L | Profit or Loss for current Open Positions. Calculated as the difference between Cost and Market Value, excluding commission cost. |
| Closed P/L | Profit or Loss obtained at present by closing positions. Calculated as the difference between Cost and Market Value, excluding commission cost. |
| Commission | Fee charged by a broker or agent for his/her service in facilitating a transaction such as the buying or selling of securities. |