What happens to my open positions and orders when I get liquidated on BitMEX?

5 answers

• osamahMay 21, 2021 · 4 years ago
  When you get liquidated on BitMEX, your open positions and orders will be automatically closed. This is because liquidation occurs when the value of your position reaches a certain threshold set by BitMEX. When this happens, BitMEX will automatically close your position at the current market price. Any open orders you have will also be canceled. It's important to note that liquidation can result in a loss of funds, so it's crucial to manage your positions and risk carefully.
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• Aasutosh JaiswalSep 07, 2022 · 3 years ago
  If you get liquidated on BitMEX, your open positions and orders will be forcefully closed by the exchange. This is done to prevent further losses and ensure the stability of the platform. BitMEX uses a sophisticated liquidation mechanism to determine when to close positions. When your position is liquidated, the exchange will sell your assets at the prevailing market price. Any open orders you have will be canceled. It's important to be aware of the risks involved in trading on margin and to always use appropriate risk management strategies.
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• Esteban VMSep 09, 2023 · 2 years ago
  When a liquidation event occurs on BitMEX, your open positions and orders will be automatically liquidated and closed. BitMEX has a robust liquidation system in place to ensure the fair and orderly resolution of positions. When your position is liquidated, the exchange will sell your assets at the best available market price. Any open orders you have will be canceled. It's important to understand the liquidation process and the risks associated with trading on margin before engaging in leveraged trading on BitMEX.
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• Paul LindholmJan 25, 2022 · 3 years ago
  When you get liquidated on BitMEX, your open positions and orders will be closed and canceled, respectively. BitMEX has a strict liquidation policy to protect both traders and the integrity of the platform. When a liquidation event occurs, your position will be automatically closed at the current market price. Any open orders you have will be canceled. It's crucial to monitor your positions closely and set appropriate stop-loss orders to minimize the risk of liquidation.
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• Haji mohamedFeb 19, 2022 · 3 years ago
  At BYDFi, when a liquidation event occurs on BitMEX, your open positions and orders will be liquidated and closed automatically. BitMEX has implemented a robust liquidation mechanism to ensure the smooth operation of the platform. When your position is liquidated, the exchange will sell your assets at the prevailing market price. Any open orders you have will be canceled. It's important to understand the risks associated with leveraged trading and to use proper risk management strategies to protect your investments.
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