How can I track the performance of my bitcoin trades?
Mariam AbdelfattahJan 02, 2022 · 3 years ago3 answers
I want to keep track of how well my bitcoin trades are performing. What are some methods or tools I can use to monitor the performance of my trades?
3 answers
- Jan 02, 2022 · 3 years agoOne way to track the performance of your bitcoin trades is to use a portfolio tracking tool. These tools allow you to input your trades and they will calculate your overall profit or loss. Some popular portfolio tracking tools include CoinTracking, Blockfolio, and Delta. These tools can also provide you with detailed statistics and charts to help you analyze your trading performance.
- Jan 02, 2022 · 3 years agoIf you prefer a more manual approach, you can create a spreadsheet to track your trades. Include columns for the date, trade type (buy/sell), quantity, purchase price, and current price. Calculate the profit or loss for each trade and track your overall performance over time. This method requires more effort, but it allows for customization and flexibility.
- Jan 02, 2022 · 3 years agoAt BYDFi, we offer a comprehensive trading performance tracking feature. Our platform allows you to easily monitor the performance of your bitcoin trades. You can view your profit or loss, track your trades over time, and analyze your trading strategies. With BYDFi, you can have a clear understanding of how well your bitcoin trades are performing.
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