This document is a futures fee break even calculator for Bybit that allows the user to calculate where their take profit 1 (TP1) needs to be to break even on a trade after hitting TP1. It provides calculations for different scenarios depending on whether the user moves their stoploss to entry after TP1 or not. The key information it conveys includes:
1) If the user sets their TP1 at 10.4% in the chart and moves their stoploss to entry after hitting TP1, they will break even if stopped out after TP1.
2) If the user does not move their stoploss, TP1 needs to be at 18.4% to ensure a risk-free trade.
This document is a futures fee break even calculator for Bybit that allows the user to calculate where their take profit 1 (TP1) needs to be to break even on a trade after hitting TP1. It provides calculations for different scenarios depending on whether the user moves their stoploss to entry after TP1 or not. The key information it conveys includes:
1) If the user sets their TP1 at 10.4% in the chart and moves their stoploss to entry after hitting TP1, they will break even if stopped out after TP1.
2) If the user does not move their stoploss, TP1 needs to be at 18.4% to ensure a risk-free trade.
This document is a futures fee break even calculator for Bybit that allows the user to calculate where their take profit 1 (TP1) needs to be to break even on a trade after hitting TP1. It provides calculations for different scenarios depending on whether the user moves their stoploss to entry after TP1 or not. The key information it conveys includes:
1) If the user sets their TP1 at 10.4% in the chart and moves their stoploss to entry after hitting TP1, they will break even if stopped out after TP1.
2) If the user does not move their stoploss, TP1 needs to be at 18.4% to ensure a risk-free trade.
FUTURES FEE BREAK EVEN CALCULATOR FOR BYBIT (FILL IN YELLOW FIELDS)
LEVERAGE USED FOR THIS TRADE
AMOUNT OF TRADE TAKE OUT ON TP1 YOUR STOPLOSS IN THE CHART 1. IF YOU SET YOUR TP1 AT THIS PERCENT IN THE CHART YOU WILL BREAK EVEN IF THE TRADE HITS STOPLOSS AFTER TP1 AND STOPLOSS IS MOVED TO ENTRY AFTER TP1
1. PROFIT FOR THE WHOLE ORDER AT TP1
2. IF YOU DO NOT WISH OR HAVE THE POSSIBILITY TO MOVE THE STOPLOSS TO ENTRY, THIS IS THE PERCENT IN THE CHART TP1 HAVE TO BE TO ENSURE A RISK FREE TRADE.
2. PROFIT FOR THE WHOLE ORDER AT TP1
3. IF YOU ARE IN A BAD TRADE AND NEED TO MARKET OUT (EMERGENCY EXIT)
CURRENT PROFIT/LOSS IN YOUR EXCHANGE
YOUR TOTAL WIN/LOSS AFTER TRADE IS CLOSED
CALCULATION
ENTRY AS TAKER (MARKET ORDER))
TP1 AS MAKER (LIMIT ORDER) STOPLOSS AS TAKER (MARKET ORDER) YOU ARE BREAK EVEN WHEN YOUR TOTAL ORDER PROFIT IS (IF YOU TP1 ON LIMIT ORDER) EMERGENCY CLOSE OUT TRADE (MARKET ORDER ENTER AND MARKET ORDER CLOSE) THIS SPREADSHEET LETS YOU CALCULATE WHERE YOUR TP1 HAVE TO BE FOR A RISK FREE TRADE AFTER TP1. 40.00 X THIS WILL GIVE YOU A PRETTY GOOD UNDERSTANDING OF WHY YOU OFTEN LOOSE MONEY EVEN IF YOU SEEM TO MAKE PROFIT IN EACH TRADE. 20.00 % CRYPTOVIKING'S RECOMANDATION IS TO TAKE OUT 50% OF YOUR TRADE AT 0.20 % TP1. YOU MAY TAKE OUT LESS OR MORE BUT THIS WILL AFFECT YOUR NEEDED TP LEVEL ACORDINGLY. 0.26 % TO MESURE "IN THE CHART" YOU CAN USE EITHER LONG/SHORT CALCULATION OR MESURE TOOL AND INPUT 10.40 % RAW PERCENTAGE DATA FROM TRADINGVIEW.
1. YOUR ENTRY IS AT MARKET ORDER AND TP1 AT LIMIT ORDER AND
0.46 % STOPLOSS AS MARKET ORDER. FOR THIS TO WORK OUT YOU HAVE TO MOVE YOUR STOPLOSS TO ENTRY AFTER TP1. IT IS RECOMMENDED TO SET YOUR STOPLOSS A FEW DOLLAR AHEAD OF ENTRY AS STOPLOSS NOT ALWAYS GET 18.40 % FILLED RIGHT AWAY.
2. WHERE TP1 HAVE TO BE IN THE MARKET IF YOU DO NOT MOVE YOUR
STOPLOSS (IN CASE OF ENTRY WICKED)
3. WHAT WILL BE YOUR PROFIT/LOSS IF YOU FOMO'ED IN OR YOU'R
11.00 % EMOTIONS KICK IN. IN BOTH CASES YOU HAVE DONE A SHITTY JOB AND SHOULD GO BACK TO JAYSONS COURSE AND REVIEW RISK TO REWARD AND TRADING PSYCHOLOGY. 6.20 %
MAKER FEE TAKER FEE
0.01 0.06 2.4 % 0.4 % 2.4 % 5.20 % 4.8 % TP1 HAVE TO BE FOR
OF WHY YOU OFTEN
EACH TRADE.
% OF YOUR TRADE AT AFFECT YOUR
G/SHORT
ORDER AND YOU HAVE TO MOVE NDED TO SET YOUR SS NOT ALWAYS GET