We all love to calculate our wins but working out losses is just as important. Here are 3 ways to evaluate your trade performance 👇
Unrealized Profit=2,500 USD Note that your new cost value for the following trade will be 7,500 USD as it is the cost of 30 BNB.Your overall unrealized profit for the first quarter of the year is 5,000 USD . Remember to take into consideration any trading fees incurred throughout the trades. Keep in mind that the unrealized profit, while valued at 5,000 USD, is subjected to market volatility and will vary according to the price of assets you are holding .
With open positions, you can classify your positions in different ways, including short-term, long-term, value and speculative positions. By organizing your positions into different categories, you should be able to get a clearer overview to track performance based on each category, instead of all your open positions.
For closed positions, you can download them into a spreadsheet and sort profitable trades from the unprofitable ones using the transaction-to-transaction method mentioned earlier.
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