Profit and loss, or P&L, measures how a position or portfolio has performed. Realized P&L is recorded after a position is closed, while unrealized P&L reflects the current value of an open position.
Track more than the result
Record entry price, exit price, quantity, fees used by the simulator, and the original risk amount. A percentage return and return relative to risk can be more useful than a rupee amount alone.
Review the series
Evaluate a group of trades instead of one outcome. Look for consistency, drawdowns, rule-following, and whether losses stayed within the limits set in advance.