Post
Topic
Board Beginners & Help
Re: Calculating how many Altcoins can be bought for $20
by
Jetheat
on 07/01/2021, 18:25:59 UTC
Ok, I'd like to pose this another way.

I want to risk 2% of my account and I want to make 10% of my account on every trade that I do.

I want to risk 2% of my account, not by setting a stop loss, but rather entering the trade with only 2% of my entire capital. That way, if it goes to zero or the coin is delisted, I only lose 2% of my account.

At the same time, I want to exit when that trade climbs to a point where it equals 10% of my account.

So if I have 0.08677216 BTC in my trading account, and I want to risk 2% of that (0.0017 BTC), I know I can buy 0.0017 BTC worth of altcoin.
If I want to exit with 10% of my account, I know that 10% of 0.08677216 BTC is 0.0086.

How do I convert that 0.0086 into an altcoin price, so I know when to exit?
Do I simply divide the 0.0086 by the current altcoin price?

If so, it would be 0.0086 / 0.00027360 = 31.43.
What does that 31.43 mean? Is that the future price I should exit?

Maths is not my strong subject.

Appreciate the help,

JH