How to Calculate profit and loss

[Arshadq]

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

[1714902576]

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[1714902576]

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[1714902576]

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[1714902576]

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[LiteBit]

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

Depending on the exchange you use they might do this for you. For example Poloniex shows profit/ loss.

Typically it's: Cost of BUY - Cost of SELL - Fees = Profit / Loss

BTW: Welcome to your new daily addiction 

[Arshadq]

ty for the welcome but still didnt got a satisfactory answer

[LiteBit]

ty for the welcome but still didnt got a satisfactory answer

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

Depending on the exchange you use they might do this for you. For example Poloniex shows profit/ loss.

Typically it's: Cost of BUY - Cost of SELL - Fees = Profit / Loss

BTW: Welcome to your new daily addiction 

Sorry my answers aren't satisfactory.

[aysha9859]

i think correct formula is: Cost of SELL - Cost of BUY - Fees = Profit / Loss

for ex:
Buy 1000DOGE @75sat cost of buy is 75000sat
Sell 1000DOGE @80sat cost of sell is 80000sat and a 0,2% fee is 160sat
if we use "Cost of BUY - Cost of SELL - Fees = Profit / Loss"
75000 - 80000 - 160 = -5160sat

but if we use "Cost of SELL - Cost of BUY - Fees = Profit / Loss" formula;
80000 - 75000 - 160 = 4840sat Profit

if we Sell 1000DOGE @70sat cost of sell is 70000sat and a 0,2% fee is 140sat
and with same formula;
70000 - 75000 - 140 = -5140sat Loss

[LiteBit]

i think correct formula is: Cost of SELL - Cost of BUY - Fees = Profit / Loss

for ex:
Buy 1000DOGE @75sat cost of buy is 75000sat
Sell 1000DOGE @80sat cost of sell is 80000sat and a 0,2% fee is 160sat
if we use "Cost of BUY - Cost of SELL - Fees = Profit / Loss"
75000 - 80000 - 160 = -5160sat

but if we use "Cost of SELL - Cost of BUY - Fees = Profit / Loss" formula;
80000 - 75000 - 160 = 4840sat Profit

if we Sell 1000DOGE @70sat cost of sell is 70000sat and a 0,2% fee is 140sat
and with same formula;
70000 - 75000 - 140 = -5140sat Loss

That is correct. Good catch!

[bitllionaire]

i think correct formula is: Cost of SELL - Cost of BUY - Fees = Profit / Loss

for ex:
Buy 1000DOGE @75sat cost of buy is 75000sat
Sell 1000DOGE @80sat cost of sell is 80000sat and a 0,2% fee is 160sat
if we use "Cost of BUY - Cost of SELL - Fees = Profit / Loss"
75000 - 80000 - 160 = -5160sat

but if we use "Cost of SELL - Cost of BUY - Fees = Profit / Loss" formula;
80000 - 75000 - 160 = 4840sat Profit

if we Sell 1000DOGE @70sat cost of sell is 70000sat and a 0,2% fee is 140sat
and with same formula;
70000 - 75000 - 140 = -5140sat Loss

yeah, I think that anwser is more correct

However, you can look at your trades and it is easy to calculate

[pooya87]

keep in mind that you have to pay fees twice once when you buy and once when you sell.
in other words you pay fees on every trade you make.

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @80sat cost of sell is 80000sat -----> you pay 160 satoshi fee

79840 - 75150 =
you will get 4690 satoshi profit

[twister]

Why go into so much detail, why don't simple calculate the amount of BTC you went in with into a trade and calculate the amount of BTC you got out with it. For ex.

You bought altcoins worth 0.05 BTC, you kept it for a while and it went up, you sold it and then it showed in your balance you have 0.055 BTC, so there's your profit 0.005 BTC after subtracting everything, you still have to pay the TX fee when you withdraw the BTC from the exchange but it's still simple that way.

[Muhammed Zakir]

Why go into so much detail, why don't simple calculate the amount of BTC you went in with into a trade and calculate the amount of BTC you got out with it. For ex.

You bought altcoins worth 0.05 BTC, you kept it for a while and it went up, you sold it and then it showed in your balance you have 0.055 BTC, so there's your profit 0.005 BTC after subtracting everything, you still have to pay the TX fee when you withdraw the BTC from the exchange but it's still simple that way.

You should calculate your profit *before* you trade or you may not get any profit. This is the normal way.

[oni.saori]

keep in mind that you have to pay fees twice once when you buy and once when you sell.
in other words you pay fees on every trade you make.

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @80sat cost of sell is 80000sat -----> you pay 160 satoshi fee

79840 - 75150 =
you will get 4690 satoshi profit

But do not think Price will always go up it can Down also So Big investment = Big profit / Big loss
In trading line their is  risk but without you take any risk you cannot get profit in your life

In simple words -
profit = income minus expenses you made to get this income
loss = when the profit is negative its called loss.

[twister]

Why go into so much detail, why don't simple calculate the amount of BTC you went in with into a trade and calculate the amount of BTC you got out with it. For ex.

You bought altcoins worth 0.05 BTC, you kept it for a while and it went up, you sold it and then it showed in your balance you have 0.055 BTC, so there's your profit 0.005 BTC after subtracting everything, you still have to pay the TX fee when you withdraw the BTC from the exchange but it's still simple that way.

You should calculate your profit *before* you trade or you may not get any profit. This is the normal way.

Well of-course but I don't think you understood what I said. If you bought something for 5 and the price at a later point is 10, then it is *already* calculated that you're in profit, if you sell it then what you get in access is profit. Simple as that.

And if you use an exchange, it is already shown on the sell order after deducting all the fee.

[rivoke]

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

If you're new for trading calculation, just be more precise for calculating mostly decimal value.
But you will get habitual if you keep calculated it everytime.

Math is basic for calculate this. Be grateful because you've lucky to learn this lesson

[ikydesu]

hi i am new to bitcoins and started trading with some free coins i had some one gifted me i want to know how to calculate the profit and loss of my trade - the fees for example if i buy doge at .00035 and sell at .00040 what is gona be my profit or loss how it is calculated including the fees of the exchange hope i explain my self i have asked that from few people didnt got a good answer do reply with the formula for that or any website that calculate that for you do post a formula how to calculate that even if you have a website to post ty

I have recommendation for trading option for you, especially for trading bitcoin https://www.fxopen.com/en/traders-tools AFAIK fxopen use cryptocurrency for trading: https://landing.fxopen.com/crypto/


~iki

[BitMarshall]

it depends on what exchange you use. i don't think there's a fixed formula for it!
But it works good

Good luck

[PolarPoint]

You should use a spreadsheet to keep track of your total holdings and the average cost of each coin you hold. It is easy to calculate profit if you buy and sell at equal amounts, it gets tricky when you buy and sell in batches.

[Velkro]

Depending on the exchange you use they might do this for you. For example Poloniex shows profit/ loss.

Typically it's: Cost of BUY - Cost of SELL - Fees = Profit / Loss

BTW: Welcome to your new daily addiction 

I would add EXCEL from office or MATH from open office, its so easy to create sheet with automatic calculations

[pooya87]

keep in mind that you have to pay fees twice once when you buy and once when you sell.
in other words you pay fees on every trade you make.

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @80sat cost of sell is 80000sat -----> you pay 160 satoshi fee

79840 - 75150 =
you will get 4690 satoshi profit

But do not think Price will always go up it can Down also So Big investment = Big profit / Big loss
In trading line their is  risk but without you take any risk you cannot get profit in your life

In simple words -
profit = income minus expenses you made to get this income
loss = when the profit is negative its called loss.

i am not claiming anything about how price will be.
i simply corrected the mistake of my above posts.

to complete that here is the loss:

with 0.2% fee
Buy 1000DOGE @75sat cost of buy is 75000sat -----> you pay 150 satoshi fee
Sell 1000DOGE @70sat cost of sell is 80000sat -----> you pay 140 satoshi fee

69860 - 75150 =
you will have 5290 satoshi loss (-profit)