Read this brief guide to discover all the new features and functions of our Portfolio Tracker - Pro Functions.
Pay less taxes
The Tax Loss Harvesting feature aims to show the user which currencies are generating a potential loss because they were purchased at a price higher than the current one.
This way, the user can evaluate the potential sale of these currencies, recording a loss that can be deducted from the gains generated by other currencies.
This feature can be useful in the case of tokens for which there is little hope that the price will rise again, allowing the user to decide to sell them and accept a loss on the initial investment, while reducing their tax burden and thus mitigating the loss.
Asset sale simulator
This feature allows the user to simulate the sale of an asset from those owned and visualize the potential gain or loss that would result from this operation.
As shown in the image above, the fields to be selected are as follows:
Currency you want to sell: choose the currency from the dropdown menu among those in your portfolio
Selling price:
Use current market price
Enter sale price manually (simulate a sale upon reaching a desired price)
How much do you want to sell?:
Percentage (enter the percentage amount to sell)
Total (enter the total amount to sell)
After completing the information for each field, press the Calculate button.
Purchase Price: the total cost incurred to purchase this quantity of the currency
Potential Sale: the amount that will be generated from the simulated sale
Potential Result: indication of the profit or loss that would be generated by selling this quantity of the asset under these conditions