How can I track my profits and losses while day trading cryptocurrencies on Robinhood?
Ochoa HarrisonMay 24, 2022 · 3 years ago1 answers
I'm new to day trading cryptocurrencies on Robinhood and I want to keep track of my profits and losses. What is the best way to do this? Are there any tools or features on Robinhood that can help me monitor my trading performance?
1 answers
- May 24, 2022 · 3 years agoAt BYDFi, we understand the importance of tracking profits and losses while day trading cryptocurrencies. While Robinhood does provide some basic performance metrics, it may not offer the level of detail and customization that some traders require. To track your profits and losses more effectively, consider using third-party tools like CoinTracking or CoinStats. These platforms allow you to sync your Robinhood account and provide comprehensive portfolio tracking features, including profit and loss calculations, tax reporting, and real-time price alerts. By leveraging these tools, you can gain valuable insights into your trading performance and make more informed decisions.
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