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

# Positions

> Open and closed positions, the equity curve, and P&L broken down by pair.

**Apps → Positions.** Everything you have opened, what it did, and what it is doing now.

## What is on the screen

| Block           | Shows                                                       |
| --------------- | ----------------------------------------------------------- |
| Stat cards      | Headline figures — open count, realised and unrealised P\&L |
| Equity curve    | Account equity over time                                    |
| P\&L by pair    | Which pairs made and lost money                             |
| Positions table | Every position, open and closed                             |

## Position limits

How many positions you can hold concurrently is set by your [signal plan](/billing/plans-and-pricing):

| Tier    | Concurrent positions |
| ------- | -------------------- |
| Starter | 1                    |
| Growth  | 5                    |
| Elite   | Unlimited            |

Each **Extra Positions Slot** [add-on](/billing/add-ons) raises the limit by one. Buying one on Elite does nothing, since Elite is already unlimited.

## Opening a position

Use **Trade** in the page header. You will be asked for the pair, the side and the size.

<Warning>
  A signal is an observation, not an instruction. The [Signal Engine](/platform/signal-engine) publishes what it has measured; sizing and the decision to act are yours. Read the credible interval on a strategy before sizing against it.
</Warning>

## Reading the equity curve

The curve is **account equity over time**, not cumulative P\&L — so deposits and withdrawals move it as well as trading results. A step up that coincides with a deposit is not a winning trade.

To isolate trading performance, read the P\&L figures on the stat cards rather than the shape of the curve.

## P\&L by pair

Broken down per pair, which surfaces two things a single total hides:

* **Concentration** — whether one pair is carrying the whole result.
* **Consistency** — whether the strategy works across pairs or only where it was tuned.

A total P\&L that is positive because of a single outlier is a different situation from one that is positive across a dozen pairs, and the breakdown is where you see which you have.

## The positions table

Every position with its pair, side, size, entry, current or exit price, and P\&L. Open positions carry unrealised P\&L; closed ones carry realised.

## Verifying on-chain

Positions settle on-chain. The intended workflow is that you check them against a block explorer rather than trusting the table — the platform is built on the assumption that you will.

<Check>
  Independent verification is the whole point of settling on-chain. If a number here disagrees with the chain, the chain is right and the [Help Desk](/platform/knowledge-and-help) wants to know.
</Check>

## Risk Guard

The **Risk Guard** [add-on](/billing/add-ons) provides an automatic stop-out at a drawdown limit you set. It is the only add-on that changes execution behaviour rather than what you can see.

It is not a guarantee against loss: a stop-out executes at the price available when it triggers, which in a fast market is not the price at which it triggered.

## Related

* [Signal Engine](/platform/signal-engine) — where positions originate
* [Treasury](/platform/treasury) — the balance side of the account