How can I calculate my profits from short selling in the cryptocurrency market?

3 answers

• Appel MelendezJul 07, 2024 · a year ago
  Sure! Calculating profits from short selling in the cryptocurrency market involves a few steps. First, you need to determine the price at which you borrowed and sold the cryptocurrency. Then, you need to track the price movement of the cryptocurrency over time. When you decide to close your short position, you'll need to buy back the cryptocurrency at the current market price. Finally, you can calculate your profits by subtracting the initial borrowed and sold price from the price at which you bought back the cryptocurrency. Remember to consider any transaction fees or borrowing costs that may affect your overall profits.
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• Hind BAHRIJul 26, 2021 · 4 years ago
  Calculating profits from short selling in the cryptocurrency market can be a bit tricky, but it's not impossible. You'll need to keep track of the price at which you borrowed and sold the cryptocurrency, as well as the price at which you bought it back. Subtract the initial borrowed and sold price from the price at which you bought it back, and you'll have your profits. Don't forget to factor in any transaction fees or borrowing costs that may have been incurred during the process.
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• shravan nayakFeb 06, 2023 · 3 years ago
  When it comes to calculating profits from short selling in the cryptocurrency market, it's important to consider the fees and costs involved. You'll need to track the price at which you borrowed and sold the cryptocurrency, and then compare it to the price at which you bought it back. By subtracting the initial borrowed and sold price from the buyback price, you can determine your profits. Keep in mind that transaction fees and borrowing costs can eat into your overall profits, so it's important to factor those in as well.
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