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Title: How did I make so little money from btc leverage? Post by: OneandOnly22 on November 26, 2015, 12:53:57 PM I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange)
Title: Re: How did I make so little money from btc leverage? Post by: Amph on November 27, 2015, 07:30:51 AM I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange) how much are the fee there? and never heard of that exchange they could be scammers Title: Re: How did I make so little money from btc leverage? Post by: OmegaStarScream on November 27, 2015, 07:38:33 AM I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange) You may want to see this : https://magnr.com/how-it-works or contact their support and ask for help . I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange) how much are the fee there?, and never heard of that exchange they could be scammers and no , they are not a scam as far as I know . If I remember right they are both saving (you earn 2.18% interest a year or something) and trading as-well and they was known as BTC.sx before . Title: Re: How did I make so little money from btc leverage? Post by: OneandOnly22 on November 27, 2015, 02:30:46 PM Quote how much are the fee there? and never heard of that exchange they could be scammers - Trade Open Fee: 0.45 % (of Position Size) - Trade Close Fee: 0.45 % (of Position Size) - Daily Funding Fee: 0.30 % (of Position Size) Title: Re: How did I make so little money from btc leverage? Post by: odolvlobo on November 28, 2015, 07:19:07 AM Quote how much are the fee there? and never heard of that exchange they could be scammers - Trade Open Fee: 0.45 % (of Position Size)- Trade Close Fee: 0.45 % (of Position Size) - Daily Funding Fee: 0.30 % (of Position Size) How long did you have the position open? For a trade of 10 BTC, the open fee is .045 BTC, the close fee is 0.045 BTC and the daily fee is 0.03 BTC. If you bought 10 btc at $325 and sold it at $360, then your profit before fees is $350 or 0.972 BTC. If you held the position for 26 days, then total daily fee would be 0.78 BTC. Subtract the 0.09 BTC opening and closing fees and your profit is 0.102 BTC Title: Re: How did I make so little money from btc leverage? Post by: OneandOnly22 on November 29, 2015, 06:47:22 PM Quote how much are the fee there? and never heard of that exchange they could be scammers - Trade Open Fee: 0.45 % (of Position Size)- Trade Close Fee: 0.45 % (of Position Size) - Daily Funding Fee: 0.30 % (of Position Size) How long did you have the position open? For a trade of 10 BTC, the open fee is .045 BTC, the close fee is 0.045 BTC and the daily fee is 0.03 BTC. If you bought 10 btc at $325 and sold it at $360, then your profit before fees is $350 or 0.972 BTC. If you held the position for 26 days, then total daily fee would be 0.78 BTC. Subtract the 0.09 BTC opening and closing fees and your profit is 0.102 BTC I only had the position open for one day so I'm still confused as to why my profit was so little. Look at my trade below. Position Size 1.0800 Trade Fees 0.00972 Daily Fees 0.00000 [ per 24h] Stop Loss $29.0000 Deposit 0.12960000 Open Price $325.34 Opened At 2015-11-25 Position Profit 0.10511736 Leverage 10:1 Close Price $360.42 Closed At 2015-11-26 Sell Limit $35.0000 Title: Re: How did I make so little money from btc leverage? Post by: odolvlobo on November 29, 2015, 07:01:03 PM ... Position Size 1.0800 ... This might be a clue. |