Bitget’s One-Click Copy Trade: PnL differences between position page and copy trading page
Bitget
2022-08-02 15:57
Dear Global Bitgetters,
This article is about the interface changes for traders in long positions using the One-Click Copy Trade feature. Specific changes will be limited to the content under "Position" and "Current Copy Trades".
Here is a description of what will be displayed when a trader in a long position is partially closing the position, opening a new position or closing all positions.
| Positions (Long) | Current Copy Trades | |
| Time 1 |
Open price is 1,000 USDT; Volume of position opened is 1 BTC |
Open price is 1,000 USDT; Volume of position opened is 1 BTC
|
| Time 2 |
Open price is 2,000 USDT; Volume of position opened is 1 BTC
Only one message will be displayed under "Position":
Average price is 1,500 USDT; Volume is 2 BTC |
Open price is 2,000 USDT; Volume of position opened is 1 BTC
Two messages will be displayed under "Current Copy Trades":
Open price is 1,000 USDT; Volume of position opened is 1 BTC
Open price is 2,000 USDT; Volume of position opened is 1 BTC |
| Time 3 |
Close price is 2,000 USDT; Volume of position closed is 1 BTC
Profit = (2,000 - 1,500) * 1 = 500
* Note: Traders will not be able to close positions under "Positions", please go to "Current Copy Trades" for this operation. |
Close price is 2,000 USDT; Volume of position closed is 1 BTC
Selecting either of the following two options when closing the position:
A: Open price is 1,000 USDT; Volume of position opened is 1 BTC
B: Open price is 2,000 USDT; Volume of position opened is 1 BTC
If you choose A, profit = (2,000 - 1,000) * 1 = 1,000
If you choose B, profit = (2,000 - 2,000) * 1 = 0 |
| Time 4 |
The position is closed.
The following message will be displayed under "Position".
Average price is 1,500 USDT; Volume is 1 BTC |
The position is closed. (Suppose A is closed and B remains open)
The following messages will be displayed "Open price is 2,000 USDT; Volume of position opened is 1 BTC"
* Note: Now there will be a prompt under "Current Copy Trades", showing you have 1 profitable transaction with a return of 1,000 USDT.
|
| Time 5 |
Continue to open positions.
Open price is 2,500 USDT; Volume of position opened is 1 BTC
Only one message will be displayed under "Position":
Average price is 2,000 USDT; Volume is 2 BTC
Calculation: (1,500 + 2,500) / 2 |
Continue to open positions.
Open price is 2,500 USDT; Volume of position opened is 1 BTC
Two messages will be displayed under "Current Copy Trades":
Open price is 2,000 USDT; Volume of position opened is 1 BTC
Open price is 2,500 USDT; Volume of position opened is 1 BTC
Only one message will be displayed under "Total".
Entry price Average price is 2,250 USDT; Volume is 2 BTC
Calculation: (2,000 + 2,500) / 2 |
| Time 6 |
Close price is 2,000 USDT; Volume of position closed is 2 BTC
B’s profit = (2,000 - 2,000) * 1 = 0
* Note: Traders will not be able to close positions under "Positions", please go to "Current Copy Trades" for this operation. |
Close price is 2,000 USDT; Volume of position closed is 2 BTC
Here you need to close the two positions.
C: Open price is 2,500 USDT; Volume of position opened is 1 BTC
B: Open price is 2,000 USDT; Volume of position opened is 1 BTC
C’s profit = (2,000 - 2,500) * 1 = -500 B’s profit = (2,000 - 2,000) * 1 = 0
* Note: One transaction is profitable and the other is losing. |
| Total PL | PL: 500 + 0 = 500 | PL: 1,000 - 500 = 500 |
Bitget Team
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