Topic: How to calculate relative profit based on previous trades ? (Read 241 times)
Thanks @2bfree for your input. I am aware that exchange fees still need to be accounted for. However, right now I am trying to find the relative percentage change of my last balance, accounting for all the previous transactions. I don't know what formula exactly I should be using for this.
When you buy and sell on the exchange there are total BTC 2 times one of them is slightly smaller for the small commission amount so use that total to subract when you sell then you will know true profit.
OK, so I want to make a little profit calculator for myself based on my trade history from Poloniex.
Here's a purely fictional and simplified example:
In this example, I still have 5 ETC, which at the current rate is worth 0.011 BTC
But here's what I'm struggling with:
What is the percentage change of my current balance (5 ETC), relative to my previous transactions ?
Remember, I bought and sold at different rates!
I would like the percentage change to reflect a positive number, because overall, I still gained a profit of the ETC that I kept, even though I also sold most of it with a profit already.
Could someone please explain the steps on how I can calculate this? It would help a lot!
Here's a purely fictional and simplified example:
Quote
BUY 10 ETC for 0.01 BTC (0.0010 BTC / ETC)
BUY 50 ETC for 0.04 BTC (0.0008 BTC / ETC)
SELL 50 ETC for 0.05 BTC (0.0010 BTC / ETC)
BUY 10 ETC for 0.03 BTC (0.0015 BTC / ETC)
SELL 15 ETC for 0.02 BTC (0.0020 BTC / ETC)
Current ETC price: 0.0022 BTC
BUY 50 ETC for 0.04 BTC (0.0008 BTC / ETC)
SELL 50 ETC for 0.05 BTC (0.0010 BTC / ETC)
BUY 10 ETC for 0.03 BTC (0.0015 BTC / ETC)
SELL 15 ETC for 0.02 BTC (0.0020 BTC / ETC)
Current ETC price: 0.0022 BTC
In this example, I still have 5 ETC, which at the current rate is worth 0.011 BTC
But here's what I'm struggling with:
What is the percentage change of my current balance (5 ETC), relative to my previous transactions ?
Remember, I bought and sold at different rates!
I would like the percentage change to reflect a positive number, because overall, I still gained a profit of the ETC that I kept, even though I also sold most of it with a profit already.
Could someone please explain the steps on how I can calculate this? It would help a lot!
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