Why is my leveraged US Stocks value lower in my Pluang portfolio after the update?
Your leveraged US Stocks value is lower because, since the latest portfolio update, your portfolio counts leveraged positions at your own money plus unrealised profit or loss, instead of the full position size that includes the amount borrowed. For example, a US$1,000 position opened with 2x leverage uses US$500 of your money and US$500 borrowed. Before the update it counted as US$1,000; now it counts as US$500, your equity. Nothing was sold and nothing was taken: your shares, your loan, your leverage and your profit or loss are exactly the same. The loan was always there; the portfolio simply no longer counts it as your asset. The same approach applies to Crypto Futures, which count at the margin backing your positions plus unrealised profit or loss.
Worked example (2x leverage, simplified)
You open a US$1,000 position: US$500 is your money and US$500 is borrowed. The stock then rises to US$1,200.
| Measure | Before the update | After the update |
|---|---|---|
| Value at opening | US$1,000 | US$500 |
| Value after the rise | US$1,200 | US$700 (US$1,200 − US$500 borrowed) |
| Your profit | +US$200 | +US$200 |
- Profit is identical. Only the value counted toward your portfolio changed, not what you made or lost.
- Where you see it. The Leveraged US Stocks card in Asset Class Allocation on the Overview tab shows this value, labelled Total Value, and it is what counts toward your Portfolio Value.
- On the Leverage tab. Under Assets, the Leverage tab still shows your full position size as Leveraged US Stocks Value, with your own share shown below it as Equity Value. The lower figure is the one that counts toward your Net Asset Value and Portfolio Value.
- When to contact us. If your profit or loss, the number of shares you hold, or your position itself changed, contact Pluang Customer Service.
Related questions:
Q: Did I lose money when my leveraged value went down?
No. The lower figure comes from no longer counting the borrowed part of your position as your own, not from a loss. No position was closed and no transaction was booked because of the update. Your shares, your loan, your leverage and your profit or loss are unchanged, so the money that is yours is the same as before; it is simply shown on its own now.
Q: What is the percentage on the Leverage tab measured against?
Your own money in the positions, not the full position size. In the example, a US$200 profit is 40% of the US$500 you put in, but only 20% of the US$1,000 position. Leverage magnifies losses in the same way, so a fall in the share price shows up as a larger percentage loss on your own money.
Q: Does this change my margin, leverage, liquidation level or fees?
No. The update changed only how the portfolio displays and adds up your leveraged positions. Your leverage, margin requirements, margin call and liquidation rules, and transaction and leverage fees work exactly as before. The figures in your USD Margin wallet, such as Equity and Margin Level, are calculated the same way, and the Margin Level shown there is still what decides whether you are in a margin call.
Q: Why did my total Portfolio Value go down too?
Because your leveraged positions are part of the total. When they are counted at your own money plus unrealised profit or loss instead of the full position size, Portfolio Value falls by roughly the borrowed amount it used to include. The total now reflects what actually belongs to you, which also makes it consistent with how Crypto Futures is counted. Any unused balance in your USD Margin wallet is counted as cash.