> For the complete documentation index, see [llms.txt](https://docs.strixlab.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.strixlab.io/trading/positions-and-portfolio.md).

# Positions & Portfolio

Your **Portfolio** is the home for everything you hold and everything in flight.

### What you'll find

<table><thead><tr><th width="159.50390625">Section</th><th>What it shows</th></tr></thead><tbody><tr><td><strong>Balance</strong></td><td>Your available USDC — free to trade or withdraw.</td></tr><tr><td><strong>Positions</strong></td><td>Every outcome you hold: shares owned, average cost (your entry price), current value, and unrealized P&#x26;L.</td></tr><tr><td><strong>Open orders</strong></td><td>Limit orders resting in the book. Cancel any open order from here or from the market page.</td></tr><tr><td><strong>History</strong></td><td>Your filled trades, deposits, withdrawals, and market settlements.</td></tr></tbody></table>

### Understanding profit & loss

* **Unrealized P\&L** — the paper gain or loss on positions you still hold, based on the current market price. It moves with the market and isn't locked in.
* **Realized P\&L** — locked in when you **sell shares**, or when a **market settles** and your shares convert to their final value.

{% hint style="info" %}
A position's value at any moment is `shares × current price`. Its final value at settlement is `shares × $1` if the outcome happens — or `$0` if it doesn't.
{% endhint %}

When a market settles, you don't need to do anything: correct shares are automatically converted to USDC and credited to your **Balance**. (More in [How Markets Work](https://docs.strixlab.io/trading/how-markets-work#how-markets-settle).)

### Order statuses you may see

<table><thead><tr><th width="217.53515625">Status</th><th>Meaning</th></tr></thead><tbody><tr><td><strong>Open</strong></td><td>Resting in the book, waiting to match.</td></tr><tr><td><strong>Matched</strong></td><td>Found a counterparty; the trade is being confirmed on-chain. Usually takes seconds.</td></tr><tr><td><strong>Partially filled</strong></td><td>Some shares have traded; the rest is still open or confirming.</td></tr><tr><td><strong>Filled</strong></td><td>Fully executed and confirmed. The shares are in your position.</td></tr><tr><td><strong>Cancelled / Expired</strong></td><td>Removed from the book — by you (cancelled) or by reaching its expiry time (expired, for <a href="https://docs.strixlab.io/trading/order-types#time-in-force">GTD orders</a>).</td></tr></tbody></table>


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