What does PNL mean in crypto?
I'm trying to understand the meaning of PNL in the context of cryptocurrency. I've seen this term used frequently but I'm not sure what it stands for or represents in the crypto world.
How does PnL work?
Could you please explain to me in simple terms how Profit and Loss, or PnL, works in the world of cryptocurrency and finance? As someone who's still learning the ropes, I'm having a bit of difficulty understanding how it's calculated and how it impacts my investments. Could you break it down for me step-by-step, and also mention any important factors I should be aware of when analyzing PnL?