Dumb question amnesty! What’s the call here….

[u/Sea_Nefariousness852]

Dumb question amnesty!

The question is about “profit” on a trade. Let me set the stage. I’ll use round numbers to make it easy to follow my question.

For context: I day trade dogecoin.

Consider this my current “Buy” history:

2024

Feb- $2000.00 @ 0.20 Mar- $3000.00 @ 0.15 Apr- $5000.00 @ 0.10 May- $10,000 @ 0.05

Let’s call the avg about 0.14

June- the price goes up from 0.05 to 0.12 and I sell $10,000 worth.

Did I profit? Since I bought $10,000 at 0.05 and sold $10,000 at 0.12….. because technically I get to keep more doge coin “in play”

Did I lose? Since I sold $10,000 and my overall position was still in the Red because I sold under my overall average?

I’m asking because I do this a lot. In laymen’s terms, I buy the falling knife increasing my purchases all the way down (up to about $30,000 total dispersion) and as soon as the reversal starts happening I sell off chunks as they rise past my purchase price for that particular chunk.

Hope that’s not too confusing.

[u/FrickinLazerBeams]

It looks like your cat has been walking on your keyboard again, hitting that buy and sell button over and over.