Can you explain why BitMEX shows two different profit and loss amounts?
Chris SDec 29, 2021 · 3 years ago3 answers
I'm confused about the profit and loss amounts displayed on BitMEX. Can you explain why there are two different numbers shown for profit and loss? Why is there a difference between them?
3 answers
- Dec 29, 2021 · 3 years agoThe two different profit and loss amounts on BitMEX can be attributed to the different calculation methods used. BitMEX calculates the profit and loss based on the mark price and the liquidation price. The mark price is used for determining unrealized profit and loss, while the liquidation price is used for determining realized profit and loss. This difference in calculation methods can lead to variations in the displayed profit and loss amounts.
- Dec 29, 2021 · 3 years agoBitMEX shows two different profit and loss amounts because they represent different aspects of your trading performance. The first amount represents the unrealized profit and loss, which is the potential profit or loss on your open positions. The second amount represents the realized profit and loss, which is the actual profit or loss you have made from closing positions. It's important to understand the distinction between these two amounts to accurately assess your trading performance on BitMEX.
- Dec 29, 2021 · 3 years agoOn BitMEX, the two different profit and loss amounts are displayed to provide traders with a comprehensive view of their trading performance. The unrealized profit and loss amount shows the potential profit or loss on open positions, while the realized profit and loss amount shows the actual profit or loss from closed positions. This allows traders to see both the current state of their trades and the overall performance of their trading strategy. It's a useful feature that helps traders make informed decisions and manage their risk effectively.
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