Trying to get handle on the conversion rate to figure out profit for crypto

[Iwantthesundae]

Lets say I buy into BTC at 17090   and sell at 17440 so the difference between is 350+.. BUT if I only have $300usd worth of BTC (0.01716581) when I did that trade how do i calculate the profit? im boggled because I only have a small percentage of one BTC Unless im wrong but I doubt i made $350 on that buy/sell lol I just need a kick to understand this.

[haroldtee]

I really do not understand you. Buying at $17440 and selling at $17090 is not profit. That is a loss. That is like 2.00688% loss. If you put that into your trade of $300 worth of BTC, then you just lost $6, so you should have about $294 left now.

Remember that the more you have, the more the profit or loss when you go all in and vice versa.

[eternalgloom]

Okay, let's break this down.

You bought $300 worth of BTC @ $17440  --> 17440 / 300 = 58.1333333   --> 1 / 58.133333 = 0.0172018

You sold $300 worth of BTC @ $17090  --> 0.0172018 * 17090 = 293.97 (price you sold your BTC for)

Basically what haroldtee said, but I've added the calculations for the numbers, it should be self-explanatory.
You've lost little over 6 dollars indeed.

[Iwantthesundae]

sorry I swtiched the buy and sell amounts by accident ill edit it now

[Iwantthesundae]

so if those numbers were reversed I gained $6  but what kind of fees would I have on top of the Buy/sell? that i would need to subtract from my gross profit of $6??