How does Webull calculate open P&L and day P&L for digital currencies?

Edoardo ColomboApr 23, 2022 · 3 years ago5 answers

Can you explain how Webull calculates open profit and loss (P&L) and day profit and loss (P&L) for digital currencies? What factors are taken into consideration and how does it affect the overall calculation?

Webull

Open P&L

Day P&L

5 answers

Apr 23, 2022 · 3 years ago
Webull calculates open profit and loss (P&L) and day profit and loss (P&L) for digital currencies by considering the current market value of the holdings and the average cost of acquisition. Open P&L is calculated by subtracting the average cost of acquisition from the current market value of the holdings. Day P&L is calculated by subtracting the previous day's closing value from the current day's closing value. These calculations help traders understand their gains or losses in real-time and make informed decisions.
Apr 23, 2022 · 3 years ago
When it comes to calculating open profit and loss (P&L) and day profit and loss (P&L) for digital currencies, Webull takes into account the current market price and the average cost of acquisition. Open P&L is determined by subtracting the average cost of acquisition from the current market price. Day P&L is calculated by subtracting the closing price of the previous day from the closing price of the current day. These calculations provide traders with a clear picture of their profits or losses and help them evaluate their trading strategies.
Apr 23, 2022 · 3 years ago
Webull calculates open profit and loss (P&L) and day profit and loss (P&L) for digital currencies using a simple formula. Open P&L is calculated by subtracting the average cost of acquisition from the current market value of the holdings. Day P&L is calculated by subtracting the previous day's closing value from the current day's closing value. These calculations are essential for traders to track their performance and make informed decisions. As a leading digital currency exchange, Webull ensures accurate and transparent calculations to provide users with reliable profit and loss information.
Apr 23, 2022 · 3 years ago
Calculating open profit and loss (P&L) and day profit and loss (P&L) for digital currencies on Webull is straightforward. The platform takes into account the current market value of the holdings and the average cost of acquisition. Open P&L is calculated by subtracting the average cost of acquisition from the current market value. Day P&L is calculated by subtracting the closing value of the previous day from the closing value of the current day. These calculations help traders assess their performance and make informed decisions based on real-time profit and loss information.
Apr 23, 2022 · 3 years ago
BYDFi, as a digital currency exchange, calculates open profit and loss (P&L) and day profit and loss (P&L) for digital currencies in a similar manner to Webull. The platform considers the current market value of the holdings and the average cost of acquisition to determine open P&L. Day P&L is calculated by subtracting the closing value of the previous day from the closing value of the current day. These calculations provide traders with valuable insights into their trading performance and help them make informed decisions.