I would like to make some profit and loss calculations based on the market prices.
Scenario 1 (profit):
- Given a crypto is worth
$1500.
I've made a purchase for$100.
I've got0.01666666666666572(formula: 100 / 1500) of crypto asset. - Now a crypto price is worth
$1505.55.
I've decided to sell all of my crypto assets (0.01666666666666572) for actual price.
Now I have$100.37(formula: 0.01666666666666572 * 1505.55).
I've made$0.37(formula: 100.37 - 100) of profit.
Question 1: Is it calculated correctly ?
Scenario 2 (loss):
- Given a crypto is worth
$1500.
I've made a purchase for$100.
I've got0.01666666666666572(formula: 100 / 1500) of crypto asset. - Now a crypto price is worth
$1494.45.
I've decided to sell only a$12worth of crypto for actual price.
formula: 0.01666666666666572 * 1494.45gives me24.907499999998585number, which I believe is totally wrong.
Question 2: How do I calculate a loss in that case ?
Question 3: How do I calculate how much assets I have now ?
Your number of units is wrong. $\frac{100}{1500}\approx 0.0666666666667$. You should not have the $1$. Your multiplication to get the sale value in the profit case is also wrong. If you multiply $0.0666666666666572 * 1494.45=99.63$ you will find you lost $0.37$
For question 3, you calculate the number of units you sell by dividing the number of dollars by the dollars/unit. You then subtract that number of units from the number you started with. As the price has not changed much, you should sell about $1/8$ of what you started with, leaving $7/8$