How to calculate sell after all fees

[drrmrr]

Hi,

Can someone help me with the formula?

Market fee when buying = 0.1%
Market fee when selling  = 0.15%
If I buy 0.2 BTC at 3800$, at what price must I sell so the profit will be 0.3% in USD?

Can anyone help me, please?

thank you and best regards
Damien

[karungbitcoin]

In crypto trading i never calculate trading fee because that small percentace from target profit, i have minimum 7% pertrade for taking profit. Lets say i make profit 7% per trade and reduce it with trafing fee 0.1% so my total profit will be 7-0.1 = 6.9%.

[Cruxer]

In crypto trading i never calculate trading fee because that small percentace from target profit, i have minimum 7% pertrade for taking profit. Lets say i make profit 7% per trade and reduce it with trafing fee 0.1% so my total profit will be 7-0.1 = 6.9%.

easiest solution from all others
im using other one, from all my trades daily i subtract constant % amount becaue after all average is pretty much accurate, also its like spending $1000 in market, u don't care about pennnies then do you?
if you really want to be accurate, save all your trades in excel sheet with simple equations to calculate fee's automatically

[Herbert2020]

to buy 0.2 bitcoin at $3800 you pay:
(0.2 * 3800) + (0.2 * $3800 * 0.1%) = $760.76

to sell 0.2 bitcoin at price X to get $760.76 you should:
(0.2 * x) - (0.2 * x * 0.15%) = $760.76
0.2*x * (1 - 0.15%) = $760.76
x = $3,809.52

to make Y% profit (like 0.3% that you mentioned) just add the profit to the value on right side and calculate again:
0.2*x * (1 - 0.15%) = $760.76 + $760.76*0.3% = $763.05
=> x=3,820.99

you can now create an excel file with a couple of fixed cells for fee percentages, 1 for your desired profit and the buy price. then get the resulting X price.

[elda34b]

Hi,

Can someone help me with the formula?

Market fee when buying = 0.1%
Market fee when selling  = 0.15%
If I buy 0.2 BTC at 3800$, at what price must I sell so the profit will be 0.3% in USD?

Can anyone help me, please?

thank you and best regards
Damien

Out of curiosity, so you're looking for 0.15% profit from your initial buy? Isn't that too small? Just curious whether you really want that small profits or did you just give it as arbitrary example.

[davis196]

Hi,

Can someone help me with the formula?

Market fee when buying = 0.1%
Market fee when selling  = 0.15%
If I buy 0.2 BTC at 3800$, at what price must I sell so the profit will be 0.3% in USD?

Can anyone help me, please?

thank you and best regards
Damien

What do you mean by "market fee"?Do you mean the buy/sell fees of some particular cryptocurrency exchange?I wouldn't call this a market fee.What crypto trading platform are you currently using?Why do you even care about a 0.3% profit?
Are you trying to execute scalping(gaining very small profits from lots of fast buy/sell orders)?

[Kevin77]

Seriously calculating 0.15% or whatever only worthwhile if you are using a trading bot because in trading bots you can have buy sell very quickly and try to make money quickly instead of putting the money down for a long term and having thousands of trades on your account in a week would yield a lot of money lost on fees as well but no other buy/sell should be really disturbed by that small amount.

If you are not trading hundreds of times each day than do not try to calculate the fee's into your trading. It will after all be something so small that a regular even a short term trader wouldn't care about, only high end day traders care about that and they already take into considerations while trading it anyway without a need to calculate it before they start because they do it meanwhile.

[jrrsparkles]

Hi,

Can someone help me with the formula?

Market fee when buying = 0.1%
Market fee when selling  = 0.15%
If I buy 0.2 BTC at 3800$, at what price must I sell so the profit will be 0.3% in USD?

Can anyone help me, please?

thank you and best regards
Damien

Crypto market has the ability of giving two digit or even three digit percentage of profits in a day so don't care about those small fee of trading exchange.

I really never caluculated how much fee I need to pay for a trade which is very very tiny amount to be honest.

[rosezionjohn]

I'm not a Math expert but this is how I would solve it. 

(0.1% + 0.15% + 0.3%)*3,800 = 20.90

3,800 + 20.90 = 3,820.9

This is a pretty silly question by the way.
I feel like I'm back to school again.

[HODL2090]

Out of curiosity, so you're looking for 0.15% profit from your initial buy? Isn't that too small? Just curious whether you really want that small profits or did you just give it as arbitrary example.

The profit percentage is small, but it is dependent on the total amount staked, which if large would lead to a sufficient return on investment.
Large investors can take profit within that range and realize profit larger than 100% of regular trades.

[Pook-sapot]

I am not an expert or genius with calculation matters, so all I can do is to suggest you to check out this https://cryptolinks.com/bitcoin-calculator, as I feel this is something that should HELP you in a really good way.

Although, there are many other ways as well for the calculation, but it’s sensible only that we don’t try to complicate something like this one, instead go for a route that’s simple, straightforward and pretty much easy! I prefer this only for such calculation.

[ausbit]

I haven't actually thought of making a calculation of fees I was charged when I make a trade, this might be hard to keep track of since we are traders and can switch between so many coins in one day just to make a lot of profit, though I see the fees as nothing to pay because you are going to gain so much more than what you have paid to the exchange so what is the problem of giving them 0.1% as to an exchange that need those funds to pay staffs and also maintain the platform.

[Whosdaddy]

Hi,

Can someone help me with the formula?

Market fee when buying = 0.1%
Market fee when selling  = 0.15%
If I buy 0.2 BTC at 3800$, at what price must I sell so the profit will be 0.3% in USD?

Can anyone help me, please?

Usually, I don’t set my profit that low because it doesn’t make much sense if I have to pay 0.25 percent market fee. Like you said, if you entered the market with 3800 usd which market fee is 0.1 percent leaving you with balance of 3796 usd to trade with. If you are to take 0.3 percent profit completely, it means you must first add the market selling fee of 0.15 percent, so total increase you must attain before you can sell is 0.45 percent of your balance. That is 0.45% of 3796 which is 17.1 usd.

Hence, total amount you can get to before selling to attain the 0.3% profit should be 3813.082. So you are talking about 13 usd increase on your initial capital.

[drrmrr]

Hi,

i won't trade with such little profit, but also not much bigger than that also.

I playing around with scripts in QT Bitcoin Trader.

Currently I'm trading between USDT and BTC and my take profit is set to 0.3%. If anyone have some recommended strategies to play with then please give reply.
(latest scripts are not online yet)

So thank you for all your answers and suggestions.

Best regards
Damien

[Pursuer]

I playing around with scripts in QT Bitcoin Trader.

just remember that making consistent profit does not depend on using a script with a bot, it most of all depends on your ability to speculate the direction of the market and place appropriate orders that are not in the opposite direction of where the market is going towards.
it may not look like it as we currently are in a stable phase where price is going up and down within a fixed channel but it will eventually exit it and that can easily wipe out all these tiny profits that you accumulated over days or weeks in one go.

[StephenJH]

Hi,

i won't trade with such little profit, but also not much bigger than that also.

I playing around with scripts in QT Bitcoin Trader.

Currently I'm trading between USDT and BTC and my take profit is set to 0.3%. If anyone have some recommended strategies to play with then please give reply.
(latest scripts are not online yet)

So thank you for all your answers and suggestions.

Best regards
Damien

Do you have any secondary plan if the market decides to move with the strong bullish or bearish trend? You just take advantage of current flat market conditions and these scripts are designed for flat markets.

[drrmrr]

Hi,

i won't trade with such little profit, but also not much bigger than that also.

I playing around with scripts in QT Bitcoin Trader.

Currently I'm trading between USDT and BTC and my take profit is set to 0.3%. If anyone have some recommended strategies to play with then please give reply.
(latest scripts are not online yet)

So thank you for all your answers and suggestions.

Best regards
Damien

Do you have any secondary plan if the market decides to move with the strong bullish or bearish trend? You just take advantage of current flat market conditions and these scripts are designed for flat markets.

Yes, I was thinking about it. Just don't know yet with which strategy should I try first.

[Herbert2020]

Hi,

i won't trade with such little profit, but also not much bigger than that also.

I playing around with scripts in QT Bitcoin Trader.

Currently I'm trading between USDT and BTC and my take profit is set to 0.3%. If anyone have some recommended strategies to play with then please give reply.
(latest scripts are not online yet)

So thank you for all your answers and suggestions.

Best regards
Damien

Do you have any secondary plan if the market decides to move with the strong bullish or bearish trend? You just take advantage of current flat market conditions and these scripts are designed for flat markets.

Yes, I was thinking about it. Just don't know yet with which strategy should I try first.

you should never have a fixed strategy that you stick to forever! the market doesn't stay fixed and the same all the time, it changes constantly so your strategy should also change with the market. whatever you are doing now, is a strategy for the time like this where price is mostly stable with sideways action. you can't use it for other trends so try figuring out which strategy goes with which market.

[SvonioneFromMangoCoinz]

Hi,

Can someone help me with the formula?

Market fee when buying = 0.1%
Market fee when selling  = 0.15%
If I buy 0.2 BTC at 3800$, at what price must I sell so the profit will be 0.3% in USD?

Can anyone help me, please?

thank you and best regards
Damien

what? Why is the fee so high? I often trade at quite high amounts and I have never seen such a high transaction fee. I think it was time for the BTC transaction fee to go up quite high because the miners could not process the blocks in time.
Or you can trade with other altcoins. transaction fees are stable and quite reasonable. Regular BTC deals will not bring too much profit unless you hold for a long time.

[Danumsigwasan]

I don’t really bother too much over these calculation, since I do Forex trading where calculations are so much simpler and straightforward. And more to that, I find it easier under FreshForex, as they are awesome with great benefits. As there too is calculation setup, which makes it so very cool.