diff --git a/README.md b/README.md
index ab9597a77..ada31b42b 100644
--- a/README.md
+++ b/README.md
@@ -123,7 +123,7 @@ Telegram is not mandatory. However, this is a great way to control your bot. Mor
 - `/stop`: Stops the trader.
 - `/stopbuy`: Stop entering new trades.
 - `/status <trade_id>|[table]`: Lists all or specific open trades.
-- `/profit`: Lists cumulative profit from all finished trades
+- `/profit [day]|[week]`: Lists cumulative profit from all finished trades
 - `/forcesell <trade_id>|all`: Instantly sells the given trade (Ignoring `minimum_roi`).
 - `/performance`: Show performance of each finished trade grouped by pair
 - `/balance`: Show account balance per currency.
diff --git a/docs/telegram-usage.md b/docs/telegram-usage.md
index 07f5fe7dd..c477921de 100644
--- a/docs/telegram-usage.md
+++ b/docs/telegram-usage.md
@@ -130,7 +130,7 @@ You can create your own keyboard in `config.json`:
 !!! Note "Supported Commands"
     Only the following commands are allowed. Command arguments are not supported!
 
-    `/start`, `/stop`, `/status`, `/status table`, `/trades`, `/profit`, `/performance`, `/daily`, `/stats`, `/count`, `/locks`, `/balance`, `/stopbuy`, `/reload_config`, `/show_config`, `/logs`, `/whitelist`, `/blacklist`, `/edge`, `/help`, `/version`
+    `/start`, `/stop`, `/status`, `/status table`, `/trades`, `/profit`, `/profit day`, `/profit week`, `/performance`, `/daily`, `/stats`, `/count`, `/locks`, `/balance`, `/stopbuy`, `/reload_config`, `/show_config`, `/logs`, `/whitelist`, `/blacklist`, `/edge`, `/help`, `/version`
 
 ## Telegram commands
 
@@ -154,7 +154,7 @@ official commands. You can ask at any moment for help with `/help`.
 | `/count` | Displays number of trades used and available
 | `/locks` | Show currently locked pairs.
 | `/unlock <pair or lock_id>` | Remove the lock for this pair (or for this lock id).
-| `/profit` | Display a summary of your profit/loss from close trades and some stats about your performance
+| `/profit [day]|[week]` | Display a summary of your profit/loss from close trades and some stats about your performance
 | `/forcesell <trade_id>` | Instantly sells the given trade  (Ignoring `minimum_roi`).
 | `/forcesell all` | Instantly sells all open trades (Ignoring `minimum_roi`).
 | `/forcebuy <pair> [rate]` | Instantly buys the given pair. Rate is optional. (`forcebuy_enable` must be set to True)
diff --git a/freqtrade/rpc/rpc.py b/freqtrade/rpc/rpc.py
index 2c54d743e..7a09c1b8f 100644
--- a/freqtrade/rpc/rpc.py
+++ b/freqtrade/rpc/rpc.py
@@ -352,9 +352,10 @@ class RPC:
         return {'sell_reasons': sell_reasons, 'durations': durations}
 
     def _rpc_trade_statistics(
-            self, stake_currency: str, fiat_display_currency: str) -> Dict[str, Any]:
+            self, stake_currency: str, fiat_display_currency: str,
+            start_date: datetime = datetime.fromtimestamp(0)) -> Dict[str, Any]:
         """ Returns cumulative profit statistics """
-        trades = Trade.get_trades().order_by(Trade.id).all()
+        trades = Trade.get_trades([Trade.open_date >= start_date]).order_by(Trade.id).all()
 
         profit_all_coin = []
         profit_all_ratio = []
diff --git a/freqtrade/rpc/telegram.py b/freqtrade/rpc/telegram.py
index 2e288ee33..ee7493938 100644
--- a/freqtrade/rpc/telegram.py
+++ b/freqtrade/rpc/telegram.py
@@ -5,7 +5,7 @@ This module manage Telegram communication
 """
 import json
 import logging
-from datetime import timedelta
+from datetime import datetime, timedelta
 from html import escape
 from itertools import chain
 from typing import Any, Callable, Dict, List, Union
@@ -98,7 +98,8 @@ class Telegram(RPCHandler):
         #       this needs refacoring of the whole telegram module (same
         #       problem in _help()).
         valid_keys: List[str] = ['/start', '/stop', '/status', '/status table',
-                                 '/trades', '/profit', '/performance', '/daily',
+                                 '/trades', '/performance', '/daily',
+                                 '/profit', '/profit day', '/profit week',
                                  '/stats', '/count', '/locks', '/balance',
                                  '/stopbuy', '/reload_config', '/show_config',
                                  '/logs', '/whitelist', '/blacklist', '/edge',
@@ -421,9 +422,17 @@ class Telegram(RPCHandler):
         stake_cur = self._config['stake_currency']
         fiat_disp_cur = self._config.get('fiat_display_currency', '')
 
+        start_date = datetime.fromtimestamp(0)
+        if context.args:
+            if 'day' in context.args:
+                start_date = datetime.utcnow().date()
+            elif 'week' in context.args:
+                start_date = datetime.utcnow().date() - timedelta(days=7)
+
         stats = self._rpc._rpc_trade_statistics(
             stake_cur,
-            fiat_disp_cur)
+            fiat_disp_cur,
+            start_date)
         profit_closed_coin = stats['profit_closed_coin']
         profit_closed_percent_mean = stats['profit_closed_percent_mean']
         profit_closed_percent_sum = stats['profit_closed_percent_sum']
@@ -901,7 +910,7 @@ class Telegram(RPCHandler):
                    "                `pending buy orders are marked with an asterisk (*)`\n"
                    "                `pending sell orders are marked with a double asterisk (**)`\n"
                    "*/trades [limit]:* `Lists last closed trades (limited to 10 by default)`\n"
-                   "*/profit:* `Lists cumulative profit from all finished trades`\n"
+                   "*/profit [day]|[week]:* `Lists cumulative profit from all finished trades`\n"
                    "*/forcesell <trade_id>|all:* `Instantly sells the given trade or all trades, "
                    "regardless of profit`\n"
                    f"{forcebuy_text if self._config.get('forcebuy_enable', False) else ''}"