What does "Today's PNL" in red mean in Gate? 📊💹

If you are new to the world of cryptocurrencies and have noticed that “Today's PNL” appears in red in your Gate account, don't worry; we will explain it to you in a simple way:

PNL is the English acronym for “Profit and Loss” (Gains and Losses).

In Gate, “Today's PNL” (#Ganancias y #Daily Losses) indicates how much you have gained or lost on your investments during the current day.

When you see “Today's PNL” in red, this implies that, since the beginning of the day ( based on UTC time ), the value of your investments has decreased.

To simplify it:

Red = Loss: If the value of your cryptocurrencies or trading positions has decreased since the beginning of the day, you will see a negative figure in red. For example, if your account started the day valued at 100 and is now at $95, your “Today's PNL” would be -5, indicating a loss of $5.

What are the reasons?

💲Market volatility: Cryptocurrency prices can experience sharp changes, even within hours. If the market has had a bearish trend, your investments will be affected.

💲Asset valuation: If the price of the cryptocurrencies in your wallet has fallen, your PNL will reflect a negative value.

😵‍💫It is important to note that this does not imply a real loss of money unless you decide to sell your cryptocurrencies at that lower price.

Recommendations

Keep calm😌: Volatility is an inherent feature of cryptocurrencies. Values can recover.

☺️Expand your knowledge: Understand that “Today's PNL” is just a snapshot of a specific moment. Investing in cryptocurrencies requires patience and continuous education.

In conclusion, seeing “Today's PNL” in red on Gate simply indicates that your investments have lost value since the start of the day, which does not necessarily imply that you should take immediate action.

Stay calm and keep learning about this fascinating world of cryptocurrencies.