Trading lifecycle - OWNIT

A trade is an order until it fills, a position until it closes, and a closed trade after that.

Order. An instruction. A limit order waits in Orders until price reaches it.
Position. Filled and open. Managed and closed from Positions, one at a time or with Close All, Close Longs, or Close Shorts.
Closed trade. Done. Recorded in Trade History.

Stage	Shown in	P&L
Order	Orders	None
Position	Positions	Unrealized; counts toward equity
Closed trade	Trade History	Realized; counts toward balance

Orders vs. trade history

Not every order becomes a position. An order that never fills, or is canceled or rejected, is only in Order History. Trade History is positions that opened and closed. Every submitted order is in Order History, filled or not.