What is the meaning of PNL in BitMEX trading?

3 answers

• Nov 24, 2021 · 3 years ago
  PNL stands for Profit and Loss, and it is a commonly used term in trading. In BitMEX trading, PNL refers to the calculation of the profit or loss made on a trade. It takes into account factors such as the entry price, exit price, and position size to determine the overall performance of the trade. Understanding PNL is crucial for traders to assess their trading strategies and make informed decisions.
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• Nov 24, 2021 · 3 years ago
  PNL is short for Profit and Loss. In the context of BitMEX trading, PNL represents the financial outcome of a trade. It shows the profit or loss made on a particular position. By monitoring PNL, traders can evaluate the success of their trades and adjust their strategies accordingly. It's important to note that PNL is not only influenced by the price movement of the traded asset but also by leverage and other factors that affect the overall trading performance.
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• Nov 24, 2021 · 3 years ago
  PNL, which stands for Profit and Loss, is a key metric in BitMEX trading. It measures the financial result of a trade, indicating whether it resulted in a profit or a loss. PNL is calculated by taking into account the difference between the entry price and the exit price, as well as any fees or funding costs incurred during the trade. Traders often use PNL to assess the effectiveness of their trading strategies and to make informed decisions based on their performance.
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