Are there any specific steps to follow when setting a stop loss after a market trade on BitMEX?

3 answers

• AaloveDec 18, 2022 · 3 years ago
  Yes, there are specific steps you should follow when setting a stop loss after a market trade on BitMEX. First, log in to your BitMEX account and navigate to the 'Positions' tab. Find the position you want to set a stop loss for and click on the 'Stop Loss' button. Enter the desired stop price and quantity, and click 'Submit'. Your stop loss order will be placed and will trigger if the market price reaches your stop price.
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• Iain LynchFeb 27, 2024 · 2 years ago
  Setting a stop loss after a market trade on BitMEX is crucial for risk management. To do so, go to the 'Positions' tab in your BitMEX account and locate the position you want to set a stop loss for. Click on the 'Stop Loss' button and enter the stop price and quantity. Make sure to carefully consider your risk tolerance and the market conditions before setting the stop price. Once you've entered the necessary information, click 'Submit' to place your stop loss order.
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• BD Computing LimitedAug 17, 2022 · 3 years ago
  When it comes to setting a stop loss after a market trade on BitMEX, it's important to take into account your risk tolerance and market conditions. BYDFi, a popular digital asset exchange, provides a user-friendly interface for setting stop loss orders. Simply navigate to the 'Positions' tab, select the desired position, and click on the 'Stop Loss' button. Enter the stop price and quantity, and click 'Submit' to place your stop loss order. Remember to regularly monitor your positions and adjust your stop loss orders accordingly.
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