Free calculator
P&L Card Generator
Type the market, the direction, the pips and the R-multiple. Get a clean card you can save in your journal or share.
- Forex
- Gold
- Indices
- Stocks
- Crypto
The market box takes any text, so it works for a forex pair, gold, an index, a stock or a coin.
For learning and planning. The numbers are math on what you type, not a prediction.
Open TradingView chartsAffiliate link. Charting software, not a signal.
What is a P&L card?
A P&L card is a picture of one trade's result. It shows the result in R, the amount you risked, so trades of any size compare fairly.
Use it to record losses as well as wins. A journal with only wins teaches you nothing.
The formula in plain words
- R is the amount you risked on the trade.
- R-multiple = the result in dollars divided by the amount risked.
R-multiple = Result ÷ Amount risked
Worked example
Two trades that each risked $50
- 1Trade one made $115: $115 ÷ $50 = +2.3R.
- 2Trade two hit its stop and lost $50: minus $50 ÷ $50 = -1R.
- 3Together: +2.3R plus -1R = +1.3R.
The cards would show +2.3R and -1R. Both belong in the journal.
Common mistakes
- Only making cards for wins. Record the losses with what you learned.
- Sharing a result without the risk. 45 pips means little without the R-multiple.
- Posting anything but real results. Only record trades exactly as they happened.
Questions people ask
What is an R-multiple?
R is what you risked. Make twice your risk and it is +2R. Lose your full risk and it is -1R.
Can I use it for crypto or stocks?
Yes. Type any market in the box, like BTC/USD or a stock ticker.
Does it save my trades?
No. The card is made in your browser and nothing is saved. Copy or screenshot it into your own journal.
Learn the idea behind it
The calculator does the math. These free lessons explain when and why to use it.
Need a broker to practice?Start with a Genesis demo accountPaid partner link
Demo first. Trading has risk of loss. Education, not financial advice.