How can I calculate the profit/loss when trading BTC per BitMEX contract?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure! Calculating profit or loss when trading Bitcoin per BitMEX contract involves a few steps. First, you need to determine the entry price and the exit price of your trade. Then, you multiply the difference between these prices by the contract multiplier. This will give you the profit or loss in USD. Keep in mind that BitMEX contracts have leverage, so your gains or losses can be magnified. It's important to use a position size calculator to manage your risk and set stop-loss orders to limit potential losses. Happy trading! 💪🏻
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• Nov 27, 2021 · 3 years ago
  Calculating profit or loss when trading Bitcoin on BitMEX is not as complicated as it may seem. You just need to know the entry price and the exit price of your trade. Subtract the entry price from the exit price to get the price difference. Then, multiply this difference by the contract size to calculate the profit or loss. It's important to consider the fees and funding rates charged by BitMEX, as they can affect your overall profitability. Don't forget to take into account the leverage you're using and always trade responsibly. Good luck! 💰
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• Nov 27, 2021 · 3 years ago
  When it comes to calculating profit or loss while trading Bitcoin on BitMEX, it's crucial to understand the basics. First, determine the entry price and the exit price of your trade. Next, subtract the entry price from the exit price to get the price difference. Then, multiply this difference by the contract size and the contract value to calculate the profit or loss. Remember to consider factors like fees, leverage, and funding rates. If you're looking for a user-friendly platform to trade Bitcoin, you might want to check out BYDFi. They offer a seamless trading experience and a wide range of features. Happy trading! 💸
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