When trading on Bybit, you may notice an “unrealized profit and loss” figure displayed for open trades. It’s important to understand that this figure is not a finalized profit or loss, as the trade is still open and subject to market fluctuations.
As soon as a trade is placed in Bybit order book, there will be a profit/loss on the trade due to the price fluctuation. Profit/loss from this price fluctuation is unrealized profit/loss until the trade is closed.
When the market moves against the direction of a trade, it can prolong the trade’s closing time. In these situations, we need to wait for the market to make a correction.
When the market starts to make correction in the direction of the trade it’s important to note that these trades will eventually close in profit or at breakeven price.
The reason we have breakeven setting in place so that the trades get closed at breakeven. The mindset is that, the trade wasn’t successful and we don’t want to lose the money even if it doesn’t make the profit.
About 8% of the total signals will be taking more than 1 entry. You’ll be profiting from the rest of 92% of the trades. You can leave the bot running on autopilot and not worry about it.
But….
If you don’t mind doing some manual work for extra profits then you can take profit from those 8% trades as well.
Click here to learn more about how to manage BitsTurtle trades.
For example,
If you buy 1 BTC for $20,000 and hold your investment until the BTC price reaches $60,000, you’ve made a $40,000 profit.
This profit is unrealized because you haven’t yet sold your investment. Once you do sell and receive the money invested, it becomes a realized gain/loss with a profit.
