Can you guide me on how to add a stop on Bitmex for my Bitcoin trades?
I'm new to Bitmex and I want to know how to add a stop on Bitmex for my Bitcoin trades. Can you guide me through the process step by step? I want to make sure I have a stop in place to limit my potential losses.
1 answers
- Bentley GilliamSep 21, 2021 · 5 years agoSure, I can guide you on how to add a stop on Bitmex for your Bitcoin trades. Here are the steps: 1. Login to your Bitmex account and navigate to the trading interface. 2. Look for the 'Stop Market' or 'Stop Limit' order option. 3. Enter the stop price at which you want your order to be triggered. 4. Specify the quantity of Bitcoin you want to trade. 5. Choose the order type and any additional parameters. 6. Review your order details and click 'Submit' to place the stop order. That's it! Your stop order will be set up on Bitmex. Make sure to monitor the market closely and adjust your stop price if needed. Happy trading!
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