Crypto 101 📚 Average Entry Price
You pay a fee when opening and closing a position, and both fees are calculated based on the notional value. So the price needs to move a little further than your average entry price for you to break even.
When opening a position in multiple orders, the average entry price is the result of weighting each execution price by its executed quantity.
You only learn after paying too much in tuition—always read the instructions first.
While you're at it, take a quick look: $BTC current price 83157.89 (24h +0.21%).
#BTC
You pay a fee when opening and closing a position, and both fees are calculated based on the notional value. So the price needs to move a little further than your average entry price for you to break even.
When opening a position in multiple orders, the average entry price is the result of weighting each execution price by its executed quantity.
You only learn after paying too much in tuition—always read the instructions first.
While you're at it, take a quick look: $BTC current price 83157.89 (24h +0.21%).
#BTC