I've noticed that many beginners in crypto make the same mistake — they just buy a coin and then hang onto it for weeks, hoping the price will go up. And then they wonder why they didn't make any profit. The thing is, they don't calculate their profit in advance.

What is profit? It's simply the target percentage of gain at which you exit the position. It sounds simple, but most people ignore it. Essentially, profit is your pre-set goal for earnings on each trade. You need to understand at what price you'll close the position BEFORE you even buy the coin.

Why is this important? Because profit helps you clearly understand when to exit. You won't wait for a miracle, but will earn small, but frequent profits. This is much more effective than chasing one big trade that you might never get.

How is profit calculated? The formula is straightforward: the target price equals the entry price multiplied by one plus the profit percentage divided by 100. It sounds complicated, but in practice, it's very simple.

Here's a specific example. You bought a coin at one dollar and want a 0.5% profit. Multiply 1.000 by 1.005 and you get 1.005. That's it — set a sell order at this price. Another example: you bought at 0.328 and need a 0.6% profit. Calculate: 0.328 multiplied by 1.006 equals approximately 0.330. Exit at this price.

Now, the question — what profit percentage should you choose? If you want to avoid hanging in a coin, consider 0.3–0.6%. If the coin is volatile, you can take 0.7–1.0%. But above 1.5% is already high risk, especially if the market isn't rising. You simply won't reach that price.

Note that the exchange charges about 0.1% fee on entry and 0.1% on exit — totaling 0.2%. So, your profit should be greater than 0.2%, otherwise, you won't break even. If you set it at 0.5%, your net profit after all fees will be about 0.3%.

What happens if you calculate profit incorrectly? Too small a profit might not cover the fees. Too large, and you'll just wait for the price to rise, then fall, and end up in a loss. And if you don't calculate at all? That's like going to an unfamiliar city without a navigator — you'll get lost sooner or later.

The simple conclusion: always calculate your profit before opening a position. Don't guess; use the formula. Better to make five trades at 0.5% each than one attempt to earn 5% that you might never see. Trading is math, not intuition.

By the way, considering current prices, what profit should you pay attention to? BTC is trading around 81.6K with a 2.43% gain in 24 hours, ETH around 2.29K plus 1.14%, BNB around 684.80 plus 1.22%. It's on such assets that you should apply proper profit calculations to catch these small movements.