# Understanding Unrealized Profit and Loss in Digital Asset Trading
This comprehensive guide explores unrealized P&L, a critical metric for tracking real-time portfolio performance across stocks, futures, and digital assets on platforms like Gate. Designed for traders, investors, and fund managers, this article clarifies how unrealized gains and losses differ from realized profits, explains practical calculation methods, and demonstrates risk management strategies. From monitoring open positions to implementing stop-loss orders, you'll discover essential techniques for optimizing investment decisions. Whether you're a retail trader or investment professional using Gate's advanced tools, mastering unrealized P&L enables faster decision-making, effective position management, and strategic portfolio rebalancing in volatile markets.