How does open p/l impact my overall investment in cryptocurrencies?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we understand the significance of open p/l in cryptocurrency investments. Open p/l represents the unrealized profit or loss of your current positions. If your open p/l is positive, it means you have unrealized profits, which can contribute to your overall investment returns. Conversely, if your open p/l is negative, it indicates unrealized losses, which may affect your investment performance. It's essential to consider open p/l when evaluating your investment strategy and making decisions. However, it's important to note that open p/l alone should not be the sole factor in your investment decisions. It should be used in conjunction with other indicators and analysis to make well-informed choices.
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