🚨MOST TRADERS SKIP THESE SIMPLE RULES !!!
It’s the reason they can’t calculate their real returns
CP = what you paid
SP = what you sold for
Profit = SP - CP
Loss = CP - SP
Profit % = (Profit ÷ CP) × 100
Loss % = (Loss ÷ CP) × 100
Finding your exit:
SP = CP + Profit
SP = CP - Loss
Finding your entry cost:
CP = SP - Profit
CP = SP + Loss
Bought at $1,000. Sold at $1,200.
Profit = $200. Profit % = 20%.
Bought at $1,000. Sold at $800.
Loss = $200. Loss % = 20%.
This is grade school math
Most traders can’t do it under pressure
Know your numbers before you touch a chart
$BMT $PROM $NEAR
It’s the reason they can’t calculate their real returns
CP = what you paid
SP = what you sold for
Profit = SP - CP
Loss = CP - SP
Profit % = (Profit ÷ CP) × 100
Loss % = (Loss ÷ CP) × 100
Finding your exit:
SP = CP + Profit
SP = CP - Loss
Finding your entry cost:
CP = SP - Profit
CP = SP + Loss
Bought at $1,000. Sold at $1,200.
Profit = $200. Profit % = 20%.
Bought at $1,000. Sold at $800.
Loss = $200. Loss % = 20%.
This is grade school math
Most traders can’t do it under pressure
Know your numbers before you touch a chart
$BMT $PROM $NEAR