Why can you still take a small loss after closing a position, even when the price has returned to your entry price?
You pay a fee when you open and when you close, and both fees are based on notional value. So the price needs to move past your average entry price before you break even.
When setting take-profit levels or estimating your break-even price, factor in the fees for opening and closing, as well as the estimated funding fee.
By the way: $BTC is quoted at 83928.03, up 1.1% over 24 hours.
Anything else I missed? Let’s discuss in the comments.
#BTC
You pay a fee when you open and when you close, and both fees are based on notional value. So the price needs to move past your average entry price before you break even.
When setting take-profit levels or estimating your break-even price, factor in the fees for opening and closing, as well as the estimated funding fee.
By the way: $BTC is quoted at 83928.03, up 1.1% over 24 hours.
Anything else I missed? Let’s discuss in the comments.
#BTC