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Etoro report makes no sense to me, am I stupid?

  • 10-05-2024 06:01AM
    #1
    Toro9
    Registered Users, Registered Users 2 Posts: 1 ✭


    Here’s an example line in my annual report which I just can’t see how the math adds up:


    Action: Buy Ethereum
    Amount(USD): 5,000.00 
    Units: 21.097046
    Date opened:19/07/2017
    Date closed:13/12/2017 
    Leverage: 1
    Spread fees(USD):282.73 
    Market spread 0.00 
    Profit (USD): 10,052.15 
    Open rate: 206.99 
    Closed rate: 683.47 
    Take profit rate:680.99 
    Stop loss rate:0.60 
    Rollover fees: 0.00

    Now, when I do the math based on this line here’s how I worked it out. I spent $5000 for  21.097046 units. Those units sold at $683.47, which when you multiple it by 21.097046 you get $14,419.198.


    $14,419.198 (sold for)  - $5000 (initial cost) = $9,419.19 (profit)


    So how does etoro get the total profit as $10,052.15? I’d really appreciate some help here.



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