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How can I track and analyze day's P&L in my cryptocurrency portfolio?

avatarPrasathDec 15, 2021 · 3 years ago3 answers

I have a cryptocurrency portfolio and I want to track and analyze the profit and loss (P&L) on a daily basis. What are the best methods or tools available for tracking and analyzing the day's P&L in my cryptocurrency portfolio?

How can I track and analyze day's P&L in my cryptocurrency portfolio?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    One of the best ways to track and analyze the day's P&L in your cryptocurrency portfolio is by using a portfolio tracker app. There are several popular apps available, such as Blockfolio and Delta, which allow you to input your holdings and track the value and P&L in real-time. These apps also provide charts and graphs to visualize your portfolio performance. Additionally, some cryptocurrency exchanges also offer built-in portfolio tracking features that can help you monitor your P&L. Make sure to choose a reliable and secure app or platform to ensure the safety of your portfolio data.
  • avatarDec 15, 2021 · 3 years ago
    If you prefer a more manual approach, you can create a spreadsheet to track your cryptocurrency portfolio and calculate the day's P&L. Include columns for the date, coin name, quantity, purchase price, current price, and P&L. By regularly updating the current price, you can calculate the P&L for each day. This method requires more effort but gives you full control over your data and calculations. You can also customize the spreadsheet to include additional metrics or analysis that are important to you.
  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we offer a comprehensive portfolio management tool that allows you to track and analyze your cryptocurrency portfolio's P&L on a daily basis. Our platform provides real-time data, customizable charts, and advanced analytics to help you make informed investment decisions. With BYDFi, you can easily monitor your portfolio's performance and identify trends or opportunities. Sign up for a free account and start tracking your P&L today!