Multiple contracts on Nadex

General Trading Forum General Trading Questions
1

My question for the day is… Say I bought two contracts for 50 dollars each. So that means that I paid 100 dollars. I decide to take profit and get out early. The contract says I made 50 dollars profit. My question is that since it was 2 contracts… Does that mean that I made 50 dollars times 2?

I’ve been journaling since I started and I want to get it right. It just doesn’t sound right to me. Thank you guys in advance for all your help :-).

2

Are you doing spreads or binaries? Since you got out early I think you made $25 per contract on binaries. You would have settled at expiration for $0 or $100 on a binary giving you $50 profit per contract depending on if you ended ITM. You can look in your Nadex transaction history to get the numbers right.