Keep track of your investments with Bitsa PnL
Discover Bitsa’s new PnL functionality
When entering the world of cryptocurrencies, we are often confronted with confusing and overwhelming charts, metrics and terms. This can result in the average investor not taking advantage of all the opportunities this space offers.
That is why Bitsa added the Profit and Loss (PnL) function. A tool that makes tracking and understanding your investments more accessible than ever.
Instead of focusing on the more technical aspects of trading, Bitsa’s PnL function focuses on what really matters to the common investor: profit and loss over time. Here’s why Bitsa’s PnL feature is essential for anyone investing in crypto.
Informed Decision Making
You don’t need to be an expert in technical analysis to make smart decisions. PnL gives you a clear view of how your investment is performing over time. This allows you to adjust your investment strategy whenever you feel it is necessary.
Motivation and Financial Objectives
Staying focused on your financial goals can be a challenge. PnL allows you to track your progress towards your goals, which can motivate and help you stay on track. Having clear information on the performance of your investments is key to your financial health.
Simplified Risk Management
There are no investments, only investors. That is to say that we are not all the same and everyone has a different risk aversion, so knowing how to manage risk is crucial for any investor. We must always have a point of invalidation of the analysis (the famous stop-loss) that is our exit point to minimize losses.
PnL allows you to easily evaluate how your investment has performed and how well you have managed risk. Again, keep in mind that this is a personal process so you must understand what type of investor you are and adjust your strategy accordingly. A good tip is to write down on a sheet of paper what your objective and invalidation point is before making any investment.
Bitsa’s PnL feature is a tool that makes the world of cryptocurrencies more accessible and valuable to the common investor. It helps you make informed decisions, manage risk and stay focused on your financial goals. Whether you are a beginner or an experienced investor, PnL allows you to unlock your potential and take your cryptocurrency investments to the next level.