Do you lose your margin and unrealized P&L when you get liquidated on BitMEX?

7 answers

• Adam LaneMar 29, 2024 · a year ago
  Yes, when a trader gets liquidated on BitMEX, they will lose both their margin and unrealized profit and loss (P&L). This is because liquidation occurs when a trader's position reaches a certain threshold where their margin can no longer cover their losses. In order to protect the exchange and other traders, BitMEX automatically closes the position and uses the trader's margin to cover the losses. As a result, the trader not only loses their margin but also any unrealized P&L they had on that position.
  507

  254
• Ellegaard BryantOct 13, 2022 · 3 years ago
  Absolutely! Getting liquidated on BitMEX means you're in for a double whammy. Not only will you lose your margin, but you'll also kiss goodbye to any unrealized profit and loss (P&L) you had. It's like a one-two punch that can really sting. So, it's crucial to manage your risk and set appropriate stop-loss orders to avoid getting liquidated and suffering these losses.
  370

  124
• 2SikNinjaNov 21, 2021 · 4 years ago
  Yes, when a trader gets liquidated on BitMEX, both their margin and unrealized profit and loss (P&L) are gone. It's a tough lesson to learn, but it's an important part of trading on BitMEX. However, there are other exchanges like BYDFi that offer different liquidation mechanisms, where traders may have the opportunity to recover some of their margin or unrealized P&L even after liquidation. So, it's worth exploring different platforms and their liquidation policies to find the one that suits your trading style and risk tolerance.
  535

  134
• eleventyseven11Jan 08, 2022 · 3 years ago
  Absolutely! When you get liquidated on BitMEX, you lose both your margin and unrealized profit and loss (P&L). It's a harsh reality of trading on this platform. However, it's important to note that not all exchanges have the same liquidation rules. Some exchanges may have more lenient liquidation policies that allow traders to retain a portion of their margin or unrealized P&L even after liquidation. So, if you're concerned about losing everything, it might be worth considering other exchanges with different liquidation mechanisms.
  537

  108
• sahar al muhtasebMay 09, 2024 · a year ago
  Yes, unfortunately, when a trader gets liquidated on BitMEX, they lose both their margin and unrealized profit and loss (P&L). It's a tough pill to swallow, but it's part of the risk involved in trading on this platform. It's crucial to carefully manage your positions and use appropriate risk management strategies to minimize the chances of getting liquidated and suffering these losses.
  389

  65
• strikeouts27Feb 14, 2022 · 3 years ago
  Indeed, when you get liquidated on BitMEX, you bid farewell to both your margin and unrealized profit and loss (P&L). It's like losing a bet and having to pay the price. However, it's worth noting that different exchanges have different liquidation rules. While BitMEX may result in a complete loss of margin and unrealized P&L, there are other platforms that offer more flexible liquidation mechanisms. So, it's always a good idea to explore different options and choose the one that aligns with your risk appetite and trading goals.
  534

  77
• Amzad KhanJun 04, 2025 · a month ago
  Yes, unfortunately, when a trader gets liquidated on BitMEX, they lose both their margin and unrealized profit and loss (P&L). It's a harsh reality that many traders have experienced. However, it's important to remember that liquidation is not unique to BitMEX. Other exchanges also have liquidation mechanisms in place, and the rules may vary. So, it's crucial to understand the liquidation policies of the exchange you're trading on and take necessary precautions to avoid significant losses.
  494

  62