How to properly evaluate the outcome of a stock trade
I used to estimate the outcome of a trade simply based on the difference between the buy and sell prices, but then I started considering additional costs. Do you take commissions and other factors into account before opening a position, or do you usually calculate everything after the trade is done?
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I used to view the calculation of a trade's outcome in overly simplistic terms, focusing solely on the difference between the purchase and sale prices. In practice, however, there are other factors worth considering. That is why I recommend using a profit and loss calculator before opening a position. With https://roboforex.com/beginners/start/profit-and-loss-calculator/stocks/, you can input the necessary data and get an estimated result that accounts for commissions. For me, this is a convenient way to see the big picture in advance and better understand how specific parameters affect the final calculation.