Post
Topic
Board Trading Discussion
Re: How are you calculating and keeping track of profits?
by
perfect999
on 29/10/2017, 06:39:21 UTC
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.