What is the reason behind BitMEX giving two separate profit and loss values?
Smyna ReddyDec 26, 2021 · 3 years ago3 answers
Why does BitMEX provide two different profit and loss values?
3 answers
- Dec 26, 2021 · 3 years agoBitMEX provides two separate profit and loss values to give traders a more accurate representation of their trading performance. The first value is the Unrealized PNL, which represents the profit or loss on open positions. This value fluctuates as the market moves and reflects the potential profit or loss if the positions were closed at that moment. The second value is the Realized PNL, which represents the actual profit or loss from closed positions. This value is calculated when positions are closed and reflects the realized gains or losses. By providing both values, BitMEX allows traders to assess their performance in real-time and make informed decisions about their trades.
- Dec 26, 2021 · 3 years agoThe reason behind BitMEX giving two separate profit and loss values is to provide traders with a comprehensive view of their trading performance. The Unrealized PNL value helps traders understand the potential profit or loss of their open positions, allowing them to make timely decisions based on market movements. On the other hand, the Realized PNL value reflects the actual profit or loss from closed positions, providing traders with a clear picture of their realized gains or losses. This dual approach enables traders to evaluate their overall performance and adjust their strategies accordingly.
- Dec 26, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that BitMEX's decision to provide two separate profit and loss values is a strategic move to enhance transparency and accuracy. By offering both Unrealized PNL and Realized PNL, BitMEX ensures that traders have access to real-time information about their trading performance. This allows them to make informed decisions and manage their risk effectively. Other exchanges may have different approaches, but BitMEX's commitment to providing comprehensive data sets it apart in the industry.
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