How can I calculate my profit/loss on Robinhood for cryptocurrency trades?

3 answers

• Ankit KaileyMar 19, 2022 · 3 years ago
  Sure! Here's a step-by-step guide on how to calculate your profit/loss on Robinhood for cryptocurrency trades: 1. Determine the purchase price: Find the price at which you bought the cryptocurrency on Robinhood. 2. Calculate the purchase cost: Multiply the purchase price by the number of coins you bought to get the total purchase cost. 3. Determine the current price: Find the current price of the cryptocurrency on Robinhood. 4. Calculate the current value: Multiply the current price by the number of coins you bought to get the current value. 5. Calculate the profit/loss: Subtract the purchase cost from the current value to get the profit/loss. I hope this helps! Let me know if you have any more questions.
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• Mariel RyersonMar 29, 2023 · 2 years ago
  Calculating profit/loss on Robinhood for cryptocurrency trades is easy! Just follow these steps: 1. Note the purchase price: Remember the price at which you bought the cryptocurrency on Robinhood. 2. Calculate the purchase cost: Multiply the purchase price by the quantity of coins you bought to get the total purchase cost. 3. Note the current price: Take note of the current price of the cryptocurrency on Robinhood. 4. Calculate the current value: Multiply the current price by the quantity of coins you bought to get the current value. 5. Calculate the profit/loss: Subtract the purchase cost from the current value to get the profit/loss. That's it! You now know how to calculate your profit/loss on Robinhood for cryptocurrency trades.
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• Jajlovely JajlovelyFeb 27, 2024 · a year ago
  Hey there! If you're wondering how to calculate your profit/loss on Robinhood for cryptocurrency trades, I've got you covered. Here's a simple step-by-step process: 1. Find the purchase price: Look for the price at which you bought the cryptocurrency on Robinhood. 2. Calculate the purchase cost: Multiply the purchase price by the number of coins you bought to get the total purchase cost. 3. Find the current price: Check the current price of the cryptocurrency on Robinhood. 4. Calculate the current value: Multiply the current price by the number of coins you bought to get the current value. 5. Calculate the profit/loss: Subtract the purchase cost from the current value to get the profit/loss. I hope this explanation helps! Let me know if you have any more questions.
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