How do you track if you are in profit or loss while trading on Binance? 🤔
Many beginners start Spot Trading but get confused about how to know if they are making money or losing.
Here’s a simple way to track your PnL (Profit and Loss) on Binance:
✅ Check “Daily PnL” → shows today’s change (up or down)
✅ PnL % → tells how much % your holding has changed
✅ Average Cost → the price you paid when you bought
✅ Last Price → current market price
If Last Price > Average Cost → you are in profit 🚀
If Last Price < Average Cost → you are in loss 🔻
I recently did this while trading $WCT on Binance.
Tracking PnL helped me decide when to take profits and when to hold longer! 💪
Tip: Always keep an eye on market trends and your PnL to make better trading decisions.
👉 Are you trading $WCT or any other coins?
👉 How do you manage your trades?
#Binance #SpotTrading #CryptoTrading #WCT #tradingtips #BinanceSquare #CryptoEducation💡🚀