How are you calculating and keeping track of profits? - page 2.

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

Quote from: Cryptoconniption on August 06, 2017, 12:13:25 AM

I'm trading on Bittrex. I input the values for each trade into Cryptocompare so I can get an idea of how well I'm doing. However, since most of these coins are only traded with bitcoin, when bitcoin goes up, the theoretical value of the coin goes up. I can't get my head around this. The best way I've found so far is when I let Gunbot run (the automated buying/selling app) in Bittrex it constantly buys and sells (in btc) so I can look at my total btc to give me an idea of how well I'm doing.

How are you keeping track?

Yes I do keep track of my earnings and loses with my trades in Bittrex and Poloniex. I don't have those fancy apps to track them down I just import the csv file from the site and transfer to my pc to consolidate with my previous trade. Its also my way to motivate myself specially if I see profits from my trades. I dont do it daily since there are times I don't trade and just hold on the coins. I do it weekly and take note of the profits. I dont trade with the profits that I earn. I have a separate funds for trading.

blueteam09

full member

Activity: 664

Merit: 100

📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

If you trade in a short time of 2-3 hours then you can order and then do the work of a note to you that bittrex floor has stop loss so you use this function when the price The coin you are dropping at a price that you feel is losing money, it will automatically sell at that price. And the app track changes of coin I see a lot of tools but I advise you not to trust it too or you can also lose your account if the app or tool that requires you to login with the tool its bittrex

nexus2k14

sr. member

Activity: 490

Merit: 250

For keeping track in crypto I use Blockfolio, very good app for general purpose. I am not trading every day, so pen and paper is fine for me for notes I can check in small notebook anytime. Balances I also put on excel spreadsheet. I put extra rows information like: Circulating Supply, Total Supply, Rank, Market Cap and few other details - this help me invest in more promising ICO. If you intererested how it looks in Excel I highly recommend you to check you on YouTube: Ian Bolina, he is a great guy to watch and learn, and also he have complete excel spreadsheet that includes all possible information about new crypto.

bitqistchris

newbie

Activity: 58

Merit: 0

I'm using a platform that I have built myself (as I had the same problem) to calculate and keep track of my profits without the hassle of manually entering trades etc. The URL is https://bitqist.com.

clarkt

full member

Activity: 658

Merit: 100

May be I am old school but i do not use app for calculating, I try to see my profit in bitcoin. And i use calculator to do it. Exchanges also give you overall value of your porfolio and you can see profit if there is sudden rise in that value and act accordingly.

perfect999

sr. member

Activity: 1694

Merit: 299

Quote from: Shishir99 on October 28, 2017, 06:37:59 AM

Quote from: Cryptoconniption on August 06, 2017, 12:13:25 AM

I'm trading on Bittrex. I input the values for each trade into Cryptocompare so I can get an idea of how well I'm doing. However, since most of these coins are only traded with bitcoin, when bitcoin goes up, the theoretical value of the coin goes up. I can't get my head around this. The best way I've found so far is when I let Gunbot run (the automated buying/selling app) in Bittrex it constantly buys and sells (in btc) so I can look at my total btc to give me an idea of how well I'm doing.

How are you keeping track?

If you use android then you can install Blockfolio app.
It is a very good app for tracking your investment.
You can set up alert system to alert you about the price.
Other than that there are lots of apps available in playstore for cryptocurrency investment tracking.

There are so many other apps available as well on app store which can really help you in keeping the track of all of your earnings. These are really good apps and they can actually help a lot the traders in order to know what exactly they are doing in the world of trading.

In addition to this, you yourself can keep the record of all your incomes and expenditures and then you can calculate the profit at the end, I think that will be much better.

imyashir

copper member

Activity: 448

Merit: 110

Quote from: ~Bitcoin~ on August 06, 2017, 12:35:05 PM

Blockfolio can be good option for you to track all your crypto assets and actually I am also using it to track all my investment in real time. They support most of the trading platform and displays your holding in both fiat and bitcoin along with daily change in your total investment or in individual asset.

Just download android or iphone app and start tracking https://www.blockfolio.com/

blockfolio is also my use very good use and it's very easy to use just find the coin and place the quantity for your price and profit. You'll also know if you have losses. with a chart and with a booking. so it's better to use the block portfolio to newbie please use the blockfolio too.

Mi5h0

sr. member

Activity: 560

Merit: 273

Quote from: Cryptoconniption on August 06, 2017, 12:13:25 AM

I'm trading on Bittrex. I input the values for each trade into Cryptocompare so I can get an idea of how well I'm doing. However, since most of these coins are only traded with bitcoin, when bitcoin goes up, the theoretical value of the coin goes up. I can't get my head around this. The best way I've found so far is when I let Gunbot run (the automated buying/selling app) in Bittrex it constantly buys and sells (in btc) so I can look at my total btc to give me an idea of how well I'm doing.

How are you keeping track?

I also use BlockFolio on my phone, and CryptoCompare on the desktop. At least for now, I think BlockFolio is the best by far! I am using it for several month and I can't complain.
It depends on what you want, there are some apps that import your portfolio from the exchanges or wallets.

Shishir99

hero member

Activity: 770

Merit: 482

Quote from: Cryptoconniption on August 06, 2017, 12:13:25 AM

I'm trading on Bittrex. I input the values for each trade into Cryptocompare so I can get an idea of how well I'm doing. However, since most of these coins are only traded with bitcoin, when bitcoin goes up, the theoretical value of the coin goes up. I can't get my head around this. The best way I've found so far is when I let Gunbot run (the automated buying/selling app) in Bittrex it constantly buys and sells (in btc) so I can look at my total btc to give me an idea of how well I'm doing.

How are you keeping track?

If you use android then you can install Blockfolio app.
It is a very good app for tracking your investment.
You can set up alert system to alert you about the price.
Other than that there are lots of apps available in playstore for cryptocurrency investment tracking.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

sometime i use xls to calculate my daily or week trading, with that file, I can see how much I can take profit or how much I loss. so far, I am really satisfied with this. but sometime, I am too lazy too fill the column and if this is happen, then I only take a look in history at poloniex or bittrex. from that history, I think I can see my profit and my lose in the same time.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

There are various apps and websites that you can use to track your investments. I personally use blockfolio, the only downside with it is that you enter all your investments manually.

NOTE: I am not affiliated with blockfolio
Android: https://play.google.com/store/apps/details?id=com.blockfolio.blockfolio&hl=en
iOS: https://itunes.apple.com/us/app/blockfolio-bitcoin-and-altcoin-portfolio/id1095564685?mt=8

Another good one is https://altpocket.io; tried it in the past, didn't like it that much but you might. Try it out. or maybe you can use the classic Windows Excel sheets. Just make some formulas to your liking and you're good to go.

sweetbet

full member

Activity: 961

Merit: 110

SweetBet.com

I use a calculator and a notepad file

Very technical

6Asmodeus6

full member

Activity: 140

Merit: 100

I used to calculate it on a book so today it still gives me satisfaction.Of course I still use the exchange sites statistic dashboards to check it if it's correct and you can just use those features.

tleilaxu_eyes

full member

Activity: 145

Merit: 100

Most exchanges have a trade analyzer that can show where you stand (but not all of them are good). You could keep your own excel sheet but that would be kind of tedious unless you had a connection to a web source.

albertvert

sr. member

Activity: 322

Merit: 250

Quote from: ~Bitcoin~ on August 06, 2017, 12:35:05 PM

Blockfolio can be good option for you to track all your crypto assets and actually I am also using it to track all my investment in real time. They support most of the trading platform and displays your holding in both fiat and bitcoin along with daily change in your total investment or in individual asset.

Just download android or iphone app and start tracking https://www.blockfolio.com/

Who said bitcoin trading is very thought.No one will know how much price will reaches of bitcoin at the end of month.Once you trade means you will get huge amount. If you got some bitcoin from Signature caimpgn .sell that will trade only.

beerlover

legendary

Activity: 3052

Merit: 1188

When you are dealing with short term plans then just your order book/trade history will be more than enough. I do trade few altcoins and I do check my trade history for my profit levels and I do not take any interest to calculate my total profits as my bitcoins are enough witness to ensure I will be in profits or not.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

Blockfolio can be good option for you to track all your crypto assets and actually I am also using it to track all my investment in real time. They support most of the trading platform and displays your holding in both fiat and bitcoin along with daily change in your total investment or in individual asset.

Just download android or iphone app and start tracking https://www.blockfolio.com/

kaevandus

newbie

Activity: 10

Merit: 0

Quote from: Cryptoconniption on August 06, 2017, 12:13:25 AM

I'm trading on Bittrex. I input the values for each trade into Cryptocompare so I can get an idea of how well I'm doing. However, since most of these coins are only traded with bitcoin, when bitcoin goes up, the theoretical value of the coin goes up. I can't get my head around this. The best way I've found so far is when I let Gunbot run (the automated buying/selling app) in Bittrex it constantly buys and sells (in btc) so I can look at my total btc to give me an idea of how well I'm doing.

How are you keeping track?

I use https://bitcoin.tax. USD$19.99 per year. Very easy to use, imports data form most major exchanges and wallets, integrates with other accounting software.

Here is the list of features from their website:

Quote

Imports trade histories from these, and more, exchanges:
Coinbase, Gemini, Circle, Bitstamp, BTC-e, Cryptsy, Bitfinex, Kraken, CaVirTex, or CSV
Import spending from Coinbase, Core Wallets, Blockchain.Info and CSV
Import income from Coinbase, BitPay, CEX.IO, or CSV
Import mining income directly from addresses or CSV
Review and monitor individual addresses
Calculate capital gains
FIFO, LIFO, average costing or specific identification
Optional like-kind treatment
Download attachable statement or IRS Form 8949 PDF, import into TurboTax and TaxACT
Multi-year support
Major world currencies: USD, GBP, EUR, CAD, AUD, SEK, NOK, BRL, SGD, CNY, JPY, CHF, HKD, RUB, ILS, KRW
Bitcoin, Ethereum, Dogecoin, and other alt-coins
Reports balances and remaining cost basis
Calculate tax years for US, Canada, Australia, Germany, United Kingdom or starting on 1st Jan.

Cryptoconniption

newbie

Activity: 6

Merit: 0

I'm trading on Bittrex. I input the values for each trade into Cryptocompare so I can get an idea of how well I'm doing. However, since most of these coins are only traded with bitcoin, when bitcoin goes up, the theoretical value of the coin goes up. I can't get my head around this. The best way I've found so far is when I let Gunbot run (the automated buying/selling app) in Bittrex it constantly buys and sells (in btc) so I can look at my total btc to give me an idea of how well I'm doing.

How are you keeping track?

Topic: How are you calculating and keeping track of profits? - page 2. (Read 1734 times)