What Is P&L?
P&L stands for Profit and Loss. It’s a summary of your gains or losses over time based on your trading activity. In Comet, this feature helps you track the overall performance of your wallet's token trades in real-time.
You can see:
Total profit or loss across all trades.
Individual token performance (including realized and unrealized P&L).
Visual insights into trading outcomes.
This gives you a clearer picture of your trading success, wallet trends, and historical performance.
How Do I View My P&L in Comet?
You can access your P&L directly from the Holdings page in the Comet mobile app:
Open the Comet app.
Navigate to the Holdings tab.
Tap on any individual token to view token-specific P&L.
Your overall wallet P&L appears at the top of the screen, summarizing gains/losses across all assets.
Each token shows:
Total return (profit/loss)
Current value
Percentage change
Tip: You can also view the P&L of tokens you are no longer holding by searching for them and viewing the token page.
How Is P&L Calculated?
Comet calculates P&L using the following basic principles:
Cost Basis: The total ADA value used to purchase each token (initial investment).
Realized P&L: Profit or loss from tokens you’ve already sold.
Unrealized P&L: Profit or loss from tokens you still hold, based on their current market price.
Note: Comet uses transaction data to calculate this. If tokens were received from outside the app (e.g., airdrops or manual wallet transfers), they may show a cost basis of 0 ADA.
If you import an existing Cardano wallet, Comet will scan the wallet's past transaction history to provide accurate P&L insights for each token it currently holds. This means your historical profit and loss is preserved and viewable from within the app.
Keep in mind:
Trades done on platforms outside Comet are still tracked, as long as they are recorded on-chain.
In some cases, missing cost basis data (such as from airdrops or private transfers) may result in 0 ADA values, which can skew profit/loss calculations.
Note: Comet calculates P&L for all trades made by your wallet, even if those trades occurred before you used the wallet with Comet.