To determine how much you need to trade on Binance to achieve a 100% profit with an initial issue price of 0.15 USDT per unit, we need to go through a few steps:
1. Determine Initial Investment**: Decide how many units you will purchase initially at 0.15 USDT each. 2. Calculate Target Amount**: Multiply your initial investment by 2 (representing a 100% increase). 3. Consider Trading Fees**: Account for Binance's trading fees, which are 0.1% per trade (or 0.075% if using BNB for fees).
Step-by-Step Calculation
1.Initial Investment: Let’s assume you purchase ( n ) units at 0.15 USDT each.
Initial Investment = n times 0.15
2. Target Amount: To achieve a 100% profit, your target selling price per unit would need to be:
Target Selling Price per Unit} = 0.15 times 2 = 0.30 USDT
3. **Trading Fees**: Binance charges a standard fee of 0.1% per trade. If you use BNB for fees, it can reduce to 0.075%. For simplicity, let's use the standard 0.1%.
Example Calculation
Let's assume you purchase 10,000 units at 0.15 USDT each.
1. Initial Investment (I): I = 10,000 times 0.15 = 1,500 USDT
2.Target Amount = 1,500 times 2 = 3,000 USDT 3. Trading Fees: Considering a single trade for the total amount, the fee would be:
Fee per trade = 0.001 times 3,000 = 3 USDT
So, for a single trade, the fee is minimal. However, for multiple trades, fees need to be recalculated for each trade.
Net Target Amount 1. Initial Investment: 1,500 USDT 2. Target Amount: 3,000 USDT 3. Estimated Cumulative Fees: If multiple trades are made, let's assume about 10 trades.
Total Fees approx 10 times (0.001 times Average Trade Amount)
If each trade averages half the target amount (1,500 USDT):
Total Fees approx 10 times (1,500 times 0.001) = 10 times 1.5 = 15 USDT
Final Calculation Net Target Amount = 3,000 - 15 = 2,985 USDT
Thus, for an initial investment of 1,500 USDT (10,000 units at 0.15 USDT each), after considering Binance's trading fees, you would need to trade in such a way to achieve at least 2,985 USDT to reach a 100% net profit.$BNB
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