How can I check my profit and loss in cryptocurrency trading on Robinhood?
Badri VishalDec 28, 2021 · 3 years ago3 answers
Can someone guide me on how to check my profit and loss in cryptocurrency trading on Robinhood? I'm new to trading and would like to keep track of my gains and losses. What tools or features does Robinhood provide for this purpose?
3 answers
- Dec 28, 2021 · 3 years agoSure! To check your profit and loss in cryptocurrency trading on Robinhood, you can follow these steps: 1. Open the Robinhood app on your mobile device or visit the Robinhood website. 2. Go to the 'Account' section and select the cryptocurrency you want to check. 3. Look for the 'History' or 'Transactions' tab, where you can find a record of your trades. 4. Calculate your profit or loss by subtracting the total cost of your purchases from the total value of your sales. Remember, this calculation doesn't include fees or taxes. It's always a good idea to consult with a tax professional for accurate reporting. Happy trading! 📈📉
- Dec 28, 2021 · 3 years agoNo worries! Checking your profit and loss on Robinhood is quite simple. Just follow these steps: 1. Open the Robinhood app or website. 2. Navigate to the 'Account' section and select the cryptocurrency you're interested in. 3. Look for the 'History' or 'Transactions' tab, where you can find a detailed record of your trades. 4. Subtract the total cost of your purchases from the total value of your sales to calculate your profit or loss. Keep in mind that this calculation doesn't include fees or taxes. If you need help with tax reporting, consider consulting a professional. Happy trading! 💰
- Dec 28, 2021 · 3 years agoCertainly! If you're using BYDFi for cryptocurrency trading, checking your profit and loss is a breeze. Here's what you need to do: 1. Log in to your BYDFi account. 2. Navigate to the 'Trading' section and select the cryptocurrency you want to check. 3. Find the 'Transaction History' tab, where you can view all your trades. 4. Subtract the total cost of your purchases from the total value of your sales to determine your profit or loss. Remember, this calculation doesn't include fees or taxes. For accurate tax reporting, it's recommended to consult a tax professional. Happy trading! 🚀
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