Calculate exit price in financial exchange based on desired profit

Question

I have a bitcoin bot that is currently running and making some profit. I will be revamping some of the software, but I would like to know how to set the appropriate exit price based on my initial investment and required profit.

Because I'll be using this over 10 bots, I'm looking for a formulaic way that will cross all the coins involved. An example:

I want to buy $4 of bitcoin which is at 100 USD. I want to make 50 cents profit.

I have searched all sorts of calculators on line, and spent over an hour on paper and pen to come up with this. Any help would be appreciated.

score 0 · Accepted Answer · answered Nov 25 '17 at 20:50

0

If you buy something for $\$4$ and want $50$ cents profit, you need to sell it for $\$4.50$, so the price has to increase by $\frac {0.5}4=.125=12.5\%$. If the starting price is $100$ the ending price needs to be $112.50$

answered Nov 25 '17 at 20:50

Ross Millikan

374,822

So the whole portion I bought (0.04) has nothing to do with it? – user6230466 Nov 25 '17 at 20:53
Not at all as long as you express the desired profit as a ratio. If you had bought a full one for $100$ you would be expecting $25$ times as much profit, which would be $12.5$ and again you would need the price to go to $112.50$ – Ross Millikan Nov 25 '17 at 21:04
Ok. That does the trick. Thanks. – user6230466 Nov 26 '17 at 00:27

Calculate exit price in financial exchange based on desired profit

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