diff --git a/src/main.py b/src/main.py
index e32701d..e372a5e 100644
--- a/src/main.py
+++ b/src/main.py
@@ -633,10 +633,101 @@ async def run(settings: Settings) -> None:
             "Trading operations have been restarted."
         )
 
+    async def handle_status() -> None:
+        """Handle /status command - show trading status."""
+        try:
+            # Get trading status
+            trading_status = "Active" if pause_trading.is_set() else "Paused"
+
+            # Get current P&L from risk manager
+            try:
+                balance = await broker.get_balance()
+                current_pnl = risk.calculate_pnl(balance)
+                pnl_str = f"{current_pnl:+.2f}%"
+            except Exception as exc:
+                logger.warning("Failed to get P&L: %s", exc)
+                pnl_str = "N/A"
+
+            # Format market list
+            markets_str = ", ".join(settings.enabled_market_list)
+
+            message = (
+                "<b>📊 Trading Status</b>\n\n"
+                f"<b>Mode:</b> {settings.MODE.upper()}\n"
+                f"<b>Markets:</b> {markets_str}\n"
+                f"<b>Trading:</b> {trading_status}\n\n"
+                f"<b>Current P&L:</b> {pnl_str}\n"
+                f"<b>Circuit Breaker:</b> {risk.circuit_breaker_threshold:.1f}%"
+            )
+            await telegram.send_message(message)
+
+        except Exception as exc:
+            logger.error("Error in /status handler: %s", exc)
+            await telegram.send_message(
+                "<b>⚠️ Error</b>\n\nFailed to retrieve trading status."
+            )
+
+    async def handle_positions() -> None:
+        """Handle /positions command - show current holdings."""
+        try:
+            # Get account balance
+            balance = await broker.get_balance()
+
+            # Check if there are any positions
+            if not balance.stocks:
+                await telegram.send_message(
+                    "<b>💼 Current Holdings</b>\n\n"
+                    "No positions currently held."
+                )
+                return
+
+            # Group positions by market (domestic vs overseas)
+            domestic_positions = []
+            overseas_positions = []
+
+            for stock in balance.stocks:
+                position_str = (
+                    f"• {stock.code}: {stock.quantity} shares @ "
+                    f"{stock.avg_price:,.0f}"
+                )
+
+                # Simple heuristic: if code is 6 digits, it's domestic (Korea)
+                if len(stock.code) == 6 and stock.code.isdigit():
+                    domestic_positions.append(position_str)
+                else:
+                    overseas_positions.append(position_str)
+
+            # Build message
+            message_parts = ["<b>💼 Current Holdings</b>\n"]
+
+            if domestic_positions:
+                message_parts.append("\n🇰🇷 <b>Korea</b>")
+                message_parts.extend(domestic_positions)
+
+            if overseas_positions:
+                message_parts.append("\n🇺🇸 <b>Overseas</b>")
+                message_parts.extend(overseas_positions)
+
+            # Add total cash
+            message_parts.append(
+                f"\n<b>Cash:</b> ₩{balance.total_cash:,.0f}"
+            )
+
+            message = "\n".join(message_parts)
+            await telegram.send_message(message)
+
+        except Exception as exc:
+            logger.error("Error in /positions handler: %s", exc)
+            await telegram.send_message(
+                "<b>⚠️ Error</b>\n\nFailed to retrieve positions."
+            )
+
     command_handler.register_command("start", handle_start)
     command_handler.register_command("help", handle_help)
     command_handler.register_command("stop", handle_stop)
     command_handler.register_command("resume", handle_resume)
+    command_handler.register_command("status", handle_status)
+    command_handler.register_command("positions", handle_positions)
 
     # Initialize volatility hunter
     volatility_analyzer = VolatilityAnalyzer(min_volume_surge=2.0, min_price_change=1.0)
diff --git a/tests/test_telegram_commands.py b/tests/test_telegram_commands.py
index 978ef45..3438005 100644
--- a/tests/test_telegram_commands.py
+++ b/tests/test_telegram_commands.py
@@ -442,6 +442,199 @@ class TestTradingControlCommands:
             assert "already active" in payload["text"]
 
 
+class TestStatusCommands:
+    """Test status query commands."""
+
+    @pytest.mark.asyncio
+    async def test_status_command_shows_trading_info(self) -> None:
+        """Status command displays mode, markets, and P&L."""
+        client = TelegramClient(bot_token="123:abc", chat_id="456", enabled=True)
+        handler = TelegramCommandHandler(client)
+
+        mock_resp = AsyncMock()
+        mock_resp.status = 200
+        mock_resp.__aenter__ = AsyncMock(return_value=mock_resp)
+        mock_resp.__aexit__ = AsyncMock(return_value=False)
+
+        async def mock_status() -> None:
+            """Mock /status handler."""
+            message = (
+                "<b>📊 Trading Status</b>\n\n"
+                "<b>Mode:</b> PAPER\n"
+                "<b>Markets:</b> Korea, United States\n"
+                "<b>Trading:</b> Active\n\n"
+                "<b>Current P&L:</b> +2.50%\n"
+                "<b>Circuit Breaker:</b> -3.0%"
+            )
+            await client.send_message(message)
+
+        handler.register_command("status", mock_status)
+
+        with patch("aiohttp.ClientSession.post", return_value=mock_resp) as mock_post:
+            update = {
+                "update_id": 1,
+                "message": {
+                    "chat": {"id": 456},
+                    "text": "/status",
+                },
+            }
+
+            await handler._handle_update(update)
+
+            # Verify message was sent
+            assert mock_post.call_count == 1
+            payload = mock_post.call_args.kwargs["json"]
+            assert "Trading Status" in payload["text"]
+            assert "PAPER" in payload["text"]
+            assert "P&L" in payload["text"]
+
+    @pytest.mark.asyncio
+    async def test_status_command_error_handling(self) -> None:
+        """Status command handles errors gracefully."""
+        client = TelegramClient(bot_token="123:abc", chat_id="456", enabled=True)
+        handler = TelegramCommandHandler(client)
+
+        mock_resp = AsyncMock()
+        mock_resp.status = 200
+        mock_resp.__aenter__ = AsyncMock(return_value=mock_resp)
+        mock_resp.__aexit__ = AsyncMock(return_value=False)
+
+        async def mock_status_error() -> None:
+            """Mock /status handler with error."""
+            await client.send_message(
+                "<b>⚠️ Error</b>\n\nFailed to retrieve trading status."
+            )
+
+        handler.register_command("status", mock_status_error)
+
+        with patch("aiohttp.ClientSession.post", return_value=mock_resp) as mock_post:
+            update = {
+                "update_id": 1,
+                "message": {
+                    "chat": {"id": 456},
+                    "text": "/status",
+                },
+            }
+
+            await handler._handle_update(update)
+
+            # Should send error message
+            payload = mock_post.call_args.kwargs["json"]
+            assert "Error" in payload["text"]
+
+    @pytest.mark.asyncio
+    async def test_positions_command_shows_holdings(self) -> None:
+        """Positions command displays current holdings."""
+        client = TelegramClient(bot_token="123:abc", chat_id="456", enabled=True)
+        handler = TelegramCommandHandler(client)
+
+        mock_resp = AsyncMock()
+        mock_resp.status = 200
+        mock_resp.__aenter__ = AsyncMock(return_value=mock_resp)
+        mock_resp.__aexit__ = AsyncMock(return_value=False)
+
+        async def mock_positions() -> None:
+            """Mock /positions handler."""
+            message = (
+                "<b>💼 Current Holdings</b>\n"
+                "\n🇰🇷 <b>Korea</b>\n"
+                "• 005930: 10 shares @ 70,000\n"
+                "\n🇺🇸 <b>Overseas</b>\n"
+                "• AAPL: 15 shares @ 175\n"
+                "\n<b>Cash:</b> ₩5,000,000"
+            )
+            await client.send_message(message)
+
+        handler.register_command("positions", mock_positions)
+
+        with patch("aiohttp.ClientSession.post", return_value=mock_resp) as mock_post:
+            update = {
+                "update_id": 1,
+                "message": {
+                    "chat": {"id": 456},
+                    "text": "/positions",
+                },
+            }
+
+            await handler._handle_update(update)
+
+            # Verify message was sent
+            assert mock_post.call_count == 1
+            payload = mock_post.call_args.kwargs["json"]
+            assert "Current Holdings" in payload["text"]
+            assert "shares" in payload["text"]
+
+    @pytest.mark.asyncio
+    async def test_positions_command_empty_holdings(self) -> None:
+        """Positions command handles empty portfolio."""
+        client = TelegramClient(bot_token="123:abc", chat_id="456", enabled=True)
+        handler = TelegramCommandHandler(client)
+
+        mock_resp = AsyncMock()
+        mock_resp.status = 200
+        mock_resp.__aenter__ = AsyncMock(return_value=mock_resp)
+        mock_resp.__aexit__ = AsyncMock(return_value=False)
+
+        async def mock_positions_empty() -> None:
+            """Mock /positions handler with no positions."""
+            message = (
+                "<b>💼 Current Holdings</b>\n\n"
+                "No positions currently held."
+            )
+            await client.send_message(message)
+
+        handler.register_command("positions", mock_positions_empty)
+
+        with patch("aiohttp.ClientSession.post", return_value=mock_resp) as mock_post:
+            update = {
+                "update_id": 1,
+                "message": {
+                    "chat": {"id": 456},
+                    "text": "/positions",
+                },
+            }
+
+            await handler._handle_update(update)
+
+            # Verify message was sent
+            payload = mock_post.call_args.kwargs["json"]
+            assert "No positions" in payload["text"]
+
+    @pytest.mark.asyncio
+    async def test_positions_command_error_handling(self) -> None:
+        """Positions command handles errors gracefully."""
+        client = TelegramClient(bot_token="123:abc", chat_id="456", enabled=True)
+        handler = TelegramCommandHandler(client)
+
+        mock_resp = AsyncMock()
+        mock_resp.status = 200
+        mock_resp.__aenter__ = AsyncMock(return_value=mock_resp)
+        mock_resp.__aexit__ = AsyncMock(return_value=False)
+
+        async def mock_positions_error() -> None:
+            """Mock /positions handler with error."""
+            await client.send_message(
+                "<b>⚠️ Error</b>\n\nFailed to retrieve positions."
+            )
+
+        handler.register_command("positions", mock_positions_error)
+
+        with patch("aiohttp.ClientSession.post", return_value=mock_resp) as mock_post:
+            update = {
+                "update_id": 1,
+                "message": {
+                    "chat": {"id": 456},
+                    "text": "/positions",
+                },
+            }
+
+            await handler._handle_update(update)
+
+            # Should send error message
+            payload = mock_post.call_args.kwargs["json"]
+            assert "Error" in payload["text"]
+
+
 class TestBasicCommands:
     """Test basic command implementations."""