What are the consequences for your margin and unrealized P&L when you get liquidated on BitMEX?

3 answers

• Lakshit JainNov 26, 2023 · 2 years ago
  When a trader gets liquidated on BitMEX, their margin is completely wiped out. This means that any funds they had in their margin account are lost and cannot be recovered. Additionally, their unrealized profit and loss (P&L) is also reset to zero. This means that any potential gains or losses they had on their open positions are erased. It's important for traders to understand the risks involved in margin trading and to always manage their positions and risk accordingly.
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• Danil GreevnevJun 09, 2024 · a year ago
  Liquidation on BitMEX can have serious consequences for a trader's margin and unrealized P&L. When a trader gets liquidated, they not only lose their margin, but also any potential profits or losses they had on their open positions. This can result in a significant financial loss for the trader. It's crucial for traders to carefully manage their positions and use appropriate risk management strategies to avoid liquidation.
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• PRASHANT GAUTAMSep 06, 2021 · 4 years ago
  When a trader gets liquidated on BitMEX, their margin is liquidated to cover their losses. This means that any funds they had in their margin account are used to pay off their debt to the exchange. As a result, their margin balance becomes zero. Additionally, their unrealized profit and loss (P&L) is reset to zero, as any potential gains or losses on their open positions are wiped out. Traders should be aware of the risks of margin trading and take necessary precautions to avoid liquidation.
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