> ## Documentation Index
> Fetch the complete documentation index at: https://docs.xo.market/llms.txt
> Use this file to discover all available pages before exploring further.

# Positions and P&L

> Entry value, current value, P&L, reserved shares and unsettled CP.

Your portfolio is the record after a trade. It brings together active and closed positions, current value, profit and loss, volume, market history, claim state and eligible unsettled Conviction Points. The profile also exposes My Portfolio, My Markets and Activity tabs, with filters, sorting and search, plus a banner when you have unclaimed markets.

## What each value means

| Value               | Definition                                                                                             |
| ------------------- | ------------------------------------------------------------------------------------------------------ |
| **Entry value**     | What you paid for the position, before or including fees as labelled in the UI.                        |
| **Current value**   | A mark based on the active market mechanism. CLOB Conviction positions currently mark at the best bid. |
| **P\&L**            | Current or realised value relative to entry.                                                           |
| **Reserved shares** | Shares committed to resting sell orders, and therefore unavailable to sell again.                      |
| **Unsettled CP**    | Reward value that has accrued but is not yet part of your spendable CP balance.                        |

<Warning>
  **A mark is not an exit price.** Current value is calculated from the book as it stands. If depth is thin, selling your full size will realise less than the mark suggests. See [Order book basics](/product/trading/order-book-basics).
</Warning>

## Why your position count can look wrong

Two effects account for most confusion:

* **Reserved shares.** Shares behind an open sell order are still yours, but they can't be sold twice. Cancel the resting order to release them.
* **Indexing delay.** After a trade or a claim, the portfolio updates once the transaction is indexed. Refresh after confirmation rather than resubmitting.