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PNL is wrong, or what i'm doing wrong? Binance PNL
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Topic: PNL is wrong, or what i'm doing wrong? Binance PNL (Read 39 times)
frosti7
(OP)
Newbie
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Activity: 5
Merit: 0
PNL is wrong, or what i'm doing wrong? Binance PNL
December 26, 2020, 06:01:04 AM
#1
I'm just starting in Margin trading, but whats going on with
Binance Margin PNL indicator
?
Transferred 1000 USDT/XRP
Borrowed 10x
Lost 4% = 400 USD (done a stop loss)
Now my PNL is showing me: +600USD gain +200% gain?
https://monosnap.com/file/rOjmbl3oNoOvonBc9IUD1UJeyfBXad
I just started doing borrowing, but still it dosn't make any sense to me?
rhomelmabini
Hero Member
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Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
Re: PNL is wrong, or what i'm doing wrong? Binance PNL
December 26, 2020, 07:11:23 AM
#2
If the gain/loss can be seen on your account then I guess that's correct, as far as I'm trading there today I haven't caught up on any issues yet. You can use their own calculator that can be found on their app or on the browser. It's easy to spot the calculator on the desktop using a browser but on the app, you have to click that 3 horizontal dot line next to conversion and the candle clipart. Just remember your entry prize, size, leverage, and if it's LONG or SHORT when you're trying to calculate it
cryptoaddictchie
Legendary
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Activity: 2184
Merit: 1323
Re: PNL is wrong, or what i'm doing wrong? Binance PNL
December 26, 2020, 08:46:50 AM
#3
Pnl indicator on Binance sometime got error and showing an inaccurate trade of positive and negative PNL. I also got some errors even for just spot trading. Imagine I had gain 500k% with a huge earned amount on my local currency well in fact I don't have a huge asset being traded on my spot. Clearly and error or super glitch by binance which is quite frustrating cause seeing a red mark in portfolio is lets be honest is a really dissapointing feeling.
Always check to refresh especially if the figures doesn't make sense to you or nearly impossible to occur. Might throw some support ticket for that.
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