Hi,
I recently purchased Cointracking and have everything imported - great job on the software.
However I have run into an issue. The way that Cointracking calculates average purchase value doesn't make sense to me, I'm hoping you can explain.
Say I have a run of buys & sells with a particular coin. Then at some point I sell all my coins & take profit. After I've done this I'm effectively at zero value with this coin.
If I then buy a quantity of that coin at a new value, the new price divided by the new quantity is my new average purchase price, and the buy/sell average of the past should not be relevant.
The way your averaging system works is all of these earlier transactions continue to factor into my purchase price even after I've zero'd my balance with a coin. So if I'm at zero coins & buy 1,000 coins at $1,000, I get an average purchase price of more or less than $1. This creates incorrect profit & loss values in the chart.
Am I missing something?
Thanks,