Etoro report makes no sense to me, am I stupid?

Toro9

Here’s an example line in my annual report which I just can’t see how the math adds up:

Action: Buy Ethereum
Amount(USD): 5,000.00 
Units: 21.097046
Date opened:19/07/2017
Date closed:13/12/2017 
Leverage: 1
Spread fees(USD):282.73 
Market spread 0.00 
Profit (USD): 10,052.15 
Open rate: 206.99 
Closed rate: 683.47 
Take profit rate:680.99 
Stop loss rate:0.60 
Rollover fees: 0.00

Now, when I do the math based on this line here’s how I worked it out. I spent $5000 for  21.097046 units. Those units sold at $683.47, which when you multiple it by 21.097046 you get $14,419.198.

$14,419.198 (sold for)  - $5000 (initial cost) = $9,419.19 (profit)

So how does etoro get the total profit as $10,052.15? I’d really appreciate some help here.

whomitconcerns

The 683.47 does not say USD. Is it eur maybe?

Avatar in the Post

https://www.boards.ie/discussion/comment/122118953#Comment_122118953

The difference at today’s conversation rates would be close to explaining it, but not the conversation rates Dec 2017. Good guess though.

namenotavailablE

I can get the eToro result but don't understand the logic:

(Closed rate - Open rate)*# of units purchased gives 10052.

The open rate seems way off, however.

Jacovs

It says you bought 21,097046 units at a rate of 206.99 each = 4366,877

Then you sold same 21,097046 units at a rate of 683.47 each = 14419,198

Subtract them 14419,198 - 4366,877 = 10052,32

Thus somewhere at the start you lost 5000-4366,877 = 633,123. They indicate fees of 282,73, but mustve taken other fees also along the line for an additional 350,393.

TabbyLongTails

https://www.boards.ie/discussion/comment/122118967#Comment_122118967

you mean the open total of 5000 right?

TabbyLongTails

could it be this:

the spread fee mentioned is just for the CLOSED position, the “missing 350” could’ve been charged when the position was OPENED?