A very good friend invited me to dinner today, the reason being that he used 3000u to trade contracts in mid-last month. I told him that he should definitely get a rebate on the fees. He said those fees didn’t matter, but after all, we have years of friendship, so I insisted repeatedly and he did not refuse. It’s been almost a month now, and my friend called me today saying that his account was initially in profit, but recently it has gone back to a loss, and now the balance is even. However, when calculating the fee rebate, he has actually made a net profit of over 2000u. He specifically drove to pick me up for dinner today, saying that without the rebate, this month would have been a waste of time with no profit or loss.

I also want to educate everyone a bit about how the fees are calculated, why my friend can still have a net profit of over 2000u even when he is at breakeven. Assuming he used 3000u to trade on daily charts, not counting ultra-short trades, and not using high leverage, just an average of 20 times with 2 trades a day, the fees would be approximately calculated at 0.04%. So, when he opens a position, it costs 24u, and closing it also costs 24u, making a total of 48u for one open and close. Two trades a day would amount to 96u, and for a month, that would be 2880u. Even if the leverage is slightly higher and the trades are more frequent, the fees would easily surpass the principal. If there is a rebate, he can still get a portion back. Therefore, if you are at breakeven with a rebate, you are definitely in net profit. If you are slightly at a loss but have a rebate, you would still be in net profit. So now you know why I insisted on my friend getting a rebate initially. Without the rebate, it would have truly been a wasted month, but with the rebate, it means net profit.

Everyone can check their own fee expenditures according to the steps I will post below. Make sure to get a rebate; otherwise, you are really throwing away a lot of money. #BTC #eth #bnb #加密市场反弹