> For the complete documentation index, see [llms.txt](https://docs.wingmantracker.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.wingmantracker.com/wingman-concepts/all-metrics-and-terms/realized-p-l.md).

# Realized P/L

Realized P/L is calculated on a FIFO basis. It **does** include commissions, fees, and dividends.

This may not align exactly with what your brokerage shows, as brokerages purposely exclude commissions, fees, and dividends from Realized P/L. But in reality, all traders would consider these three factors to be a part of the true P/L.