Customizing Your DOM - Showing or Hiding Your P/L

[brownsfan019 17]

I posted this in the p/l thread, but OEC has a nice feature built-in where you can turn your p/l on or off for your DOMs. There's advantages and disadvantages to each, but here's how you do it:

 

 

 

The biggest advantage of turning it off your DOM in my view is you will not be distracted by each tick up and down. Personally I'm a pro at hitting the 'flatten' button when staring @ the p/l move each tick and that can be detrimental. It brings emotions in and tosses the plan out the window.

 

Try it out if you've never done it and see if you trade differently - good or bad.

[garak 10]

The biggest advantage of turning it off your DOM in my view is you will not be distracted by each tick up and down. Personally I'm a pro at hitting the 'flatten' button when staring @ the p/l move each tick and that can be detrimental. It brings emotions in and tosses the plan out the window.

 

The first I did was getting rid of market buy and sell order buttons and hide the scale in/out buttons for I don't need them and one gets a cleaner DOM to work with. Though I set up shortcuts for cancel and exit commands to get out of any position quickly.

Regarding the P/L Show Mode - it is nothing I could do well with since I want to know my excact position and paper profit/loss anytime. When trading I'm always monitoring DOM to get insights into orderflow etc. so there is no advantage to hide P/L for me.

[Frank 10]

the one thing that is nice about showing the P+L is that occassionally you can foul up your orders and you think you are out when somehow you are still in... ie you oversold or overbought your positions, or price moved quickly while you were moving your order with the drag feature -- in these cases, you will see the P&L changing and you can then hit the 'Exit at Market & Cancel' button to get flat ASAP

[Dinerotrader 10]

I'll give this a try and see how it affects my decisions. There are certainly a lot of emotions tied to $ and those emotions don't lend themself to trading based on what price is showing you.

[brownsfan019 17]

the one thing that is nice about showing the P+L is that occassionally you can foul up your orders and you think you are out when somehow you are still in... ie you oversold or overbought your positions, or price moved quickly while you were moving your order with the drag feature -- in these cases, you will see the P&L changing and you can then hit the 'Exit at Market & Cancel' button to get flat ASAP

 

Frank - I still use the main trader window where your quotes, filled/active orders, etc. reside. I use that to check to make sure everything is ok.

 

If someone wants to hide each little tick up and down on their dom, you can do it in OEC. Or you can leave it on there. Your choice, which is nice.