📁 Bill Ackman Top 5

As Recorded shows trades at the exact price the system captured the moment the order was submitted — that price is Yahoo Finance’s last trade. During closed market hours that “last trade” is the previous session’s 16:00 ET close (or, on weekends/holidays, Friday’s close). If you tried to actually execute the same trade for real, your broker would fill you at the next session’s open, which can be materially different (often by 1–5%, sometimes a lot more on news). This view is useful only for inspecting the raw trade log and seeing what price was on file. It does not, and cannot, represent the PnL you would have realised on a live brokerage account. For an honest read of achievable returns use Realistic (RTH Open). Read full methodology →