What cost for futures bought at different price?
I just start and I was wondering:
- If day 1, I buy 10 futures of Neymar at £5, the total cost will be £50
- If day 3, its value increased and I decide to buy again 10 futures at £6.5, then the cost will be £65
Then, if I go to my portfolio, will I see 20 futures of Neymar at £115 (and unite cost at £5.75)?
Is it just a basic average of buying cost?
Yes although in my experience the figures tend to be a little off. I keep a record separately to see the exact profit and loss I’m making on each trade.