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Market Intelligence › Basic Terminologies
What do all three show, and which one is true?
Published by The Retail Trader · AUG 07, 2026 · Order Flow
There are three different pages on the terminal and all three say different things. Confusion occurs when a complete conclusion is drawn after looking at a page.
Order book shows all the orders sent by you – pending, executed, rejected and cancelled.
Trade book shows only what was originally filled – each filled with its own meaning. Position book shows the net result of un fills.
Each question has its own page:
• Whether my order was placed or not – order book.
• At what price bhara — trade book.
• What do I have now and how much profit and loss is there - position book.
• Whether everything is settled at the end of the day or not – ledger and contract note.
The most common mistake is that the order is visible in the order book and hence it is assumed that the position has been closed. Position book hi is true — and just looking at that page before closing the day is enough.
This article is for educational purposes only. It is not a buy or sell recommendation, a claim of guaranteed returns, or advisory guidance. Exchanges, SEBI and RBI change rules, rates and procedures from time to time, so verify every figure with your broker or an official source.