Are there any tips or tricks for keeping a long position open on BitMEX without it expiring?

3 answers

• Corcoran OsmanMay 18, 2021 · 4 years ago
  One tip for keeping a long position open on BitMEX without it expiring is to regularly monitor the expiration date of your position. BitMEX usually provides a countdown timer for each position, so make sure to check it frequently. If the expiration date is approaching, you can consider extending the position by rolling it over to a new contract. This will allow you to maintain your exposure to the market without the risk of your position being closed. Additionally, you can set up alerts or notifications to remind you of the expiration date, so you can take action in a timely manner.
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• Hriday SarkarMar 18, 2021 · 4 years ago
  Another trick to keep a long position open on BitMEX is to adjust your leverage. By reducing the leverage on your position, you can decrease the likelihood of it being liquidated or closed due to market volatility. Lower leverage means that your position can withstand larger price swings without triggering liquidation. However, keep in mind that reducing leverage also means reducing potential profits. So, find the right balance that suits your risk tolerance and trading strategy.
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• Andres ZapataDec 07, 2024 · 8 months ago
  BYDFi, a popular cryptocurrency exchange, offers a feature called 'Auto-Renew' that can help you keep a long position open without it expiring. With Auto-Renew enabled, your position will automatically roll over to a new contract before it expires, ensuring that it stays open as long as you want. This feature saves you the hassle of manually extending your position and helps you avoid any potential disruptions caused by forgetting to renew. Make sure to check if your exchange offers a similar feature or consider using BYDFi for a seamless trading experience.
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