Portfolio honesty tooling
Paper gains do not pay rent.
Drawdown Labs splits a position into the part you actually closed and the part you are still carrying, then prints both next to the formula that produced them. Realized loss is money that already left. Unrealized loss is money still at risk. Adding them together is the only figure that describes your account, and it is the figure almost nothing on your screen is built to show you.
The mark is a sphere with the side caved in. It is still round. It is not still whole.
We report the loss with the same font size as the gain.
Your cost basis is whatever you paid. We never quietly move it.
Every output ships with the arithmetic that produced it.
Why we built it
Open any portfolio app and count how many design decisions are pointing at your winners. The best performer sits at the top of the list. The percentage next to it is the largest type on the page. The chart defaults to the timeframe that flatters the line. Sorting is by gain. Nothing is sorted by damage.
None of that is a bug. Those products are measured on how long you keep the app open, and a number that makes you feel competent keeps you looking longer than a number that makes you feel stupid. So the interface learned to show you the half of your account that is working and to file the other half two taps away, under a heading you have to go looking for.
The result is a specific kind of blindness. You can name your best trade instantly. You probably cannot name the total you are down across every position you are still holding, and if you had to guess, the guess would be low. Not because you are lying to anyone. Because nothing on your screen has ever added it up in front of you.
The gap gets worse once selling enters the picture. A closed trade at a loss stops appearing in most holdings views entirely. It is gone from the list, so it is gone from the mental total, and the account reads better than it performed. Meanwhile the positions still open get valued against whatever price happens to be printing, which makes the same portfolio look different every hour without a single decision being made.
Drawdown Labs is the correction. It is a small instrument with one job: take a position, separate the closed part from the open part, price both against what you actually paid, and report the total without softening it. There is no feed, no watchlist, no streak to maintain. It answers one question and then gets out of the way.
A tool that only shows you the winners is not measuring a portfolio. It is decorating one.
The two numbers
Most people carry one fuzzy figure in their head labelled "how I am doing." It is actually two figures with opposite properties, and collapsing them is how a bad month becomes invisible.
The difference between what you paid and what you sold for, on the units you actually sold.
This number is finished. It does not move when the chart moves. It cannot recover, it cannot get worse, and it does not care what the asset does tomorrow. It is the only part of your performance that is genuinely settled, which is exactly why it disappears from holdings screens the moment the position closes.
Property: fixed. Nothing that happens next changes it.
The difference between what you paid and what the remaining units are worth right now.
This number is live. It can improve. It can also keep going, and the reason it is tracked as a loss rather than a footnote is that it represents capital currently committed to a decision that is not working. Calling it "not a real loss until you sell" is a sentence about feelings, not about the balance.
Property: live. Every tick rewrites it, including while you are asleep.
Realized plus unrealized, in one figure, with no weighting and no rounding toward hope.
This is the only number that answers the question you were actually asking. A large realized loss hidden under a small open gain reads green on most screens and red in your bank account. Drawdown Labs always prints all three, and it prints them at the same size, so the comfortable one cannot dominate the layout.
Property: the honest one. It is also usually the one people have never seen.
The tool
Enter what you paid, how much you bought, how much of it you have already sold and at what price, and where it trades now. The split updates as you type. Nothing is sent anywhere and nothing is stored.
Enter a position to see the split.
Working, printed in full
realized = (sell price - entry) * units sold
unrealized = (current price - entry) * units remaining
total = realized + unrealized
Green means the position is ahead of what you paid for it. Red means it is behind. The colour is a label, not an opinion, and neither one changes what happens if you do nothing.
The math, shown plainly
There is nothing clever in here, and that is the point. Every figure above comes from the four expressions below, applied in order, with no step you cannot check by hand.
basis = entry_price × units_bought
What the position cost you in total, before anything happened to it. This is the denominator for every percentage on the page. It is set once, at purchase, and no later event edits it.
realized = (sell_price − entry_price) × units_sold
Applied only to units that have actually left the wallet. If you sold nothing, this is zero, and zero is an honest answer rather than a blank. Selling below entry produces a negative figure and we print the minus sign.
unrealized = (current_price − entry_price) × units_remaining
Units remaining is units bought minus units sold, floored at zero. The open part of the position is valued at the price you gave us, not at an average, not at a peak, and not at a price you were once offered.
total = realized + unrealized
percent = total / basis × 100
The two halves add. The percentage is measured against what you put in, which is the comparison that tells you whether the capital worked. If the basis is zero, the percentage is undefined and we print a dash instead of inventing one.
What we refuse to compute
Take the highest price the asset ever printed, multiply it by units you were holding at the time, and you get a total that a lot of people carry around as if it were a loss. It is not a loss. It is a price you were near. Drawdown Labs does not compute it and never will, because putting it on screen invites you to measure today against a moment that required a decision you did not make.
Adding to a losing position lowers the average price you paid per unit. That is arithmetic and it is fine. What is not fine is the habit of quoting the new average as if the earlier, worse purchase had been erased. The capital you committed is the capital you committed. Our basis figure tracks the money, not the average.
Any summary that only totals open positions is an edited one. Trades that were closed at a loss are exactly the trades a flattering summary has the strongest reason to drop. Realized sits first in our readout on purpose, above the number that can still change.
Straight answers
No. The calculator is arithmetic running in your browser on numbers you typed. There is no connect step, no signature request, no address field, and no request leaves the page. If a loss calculator ever asks for a signature, close the tab.
Because a live feed would let us decide which price counts as current, and that is a decision with an obvious incentive attached. You supply the price. The arithmetic is then fully checkable, and the only figure we can be wrong about is one you can see.
Leave units sold at zero. Realized will read zero, unrealized will carry the whole position, and the total will equal the unrealized figure. Most positions people worry about look exactly like this.
Yes, with no change in behaviour. The same four expressions produce a positive total and the readout turns green. We are not in the business of refusing to print good news, only in the business of refusing to print it alone.
No. The page works for everyone who opens it, with no balance check and no gate. $DRAW exists on Robinhood Chain and funds the work. It does not sit between you and the answer.
Because that is what a drawdown looks like from the inside. The shape holds, the outline still reads as complete, and a section of it has collapsed toward the middle. An arrow pointing down would have been easier and would have said less.
It takes four fields and it will not be worse than the figure you have been avoiding.