How does the trailing stop loss feature work on BitMEX?

7 answers

• Larsen ThestrupJun 27, 2023 · 2 years ago
  Sure! The trailing stop loss feature on BitMEX allows you to set a stop loss order that automatically adjusts as the price of a cryptocurrency moves in your favor. This means that if the price increases, the stop loss order will also increase, helping you secure more profits. However, if the price starts to decline, the stop loss order will remain at its current level, protecting your gains. It's a useful tool for traders who want to maximize their profits while minimizing potential losses.
  495

  248
• Kidd LaugesenJun 14, 2022 · 3 years ago
  The trailing stop loss feature on BitMEX is a great way to manage your trades. It allows you to set a stop loss order that follows the price of a cryptocurrency as it moves in your favor. This means that if the price increases, the stop loss order will also increase, ensuring that you lock in your profits. On the other hand, if the price starts to decline, the stop loss order will remain at its current level, protecting you from potential losses. It's a smart strategy to use when trading on BitMEX.
  503

  168
• Lamis BhombalFeb 02, 2023 · 3 years ago
  The trailing stop loss feature on BitMEX is a powerful tool for traders. It allows you to set a stop loss order that automatically adjusts as the price of a cryptocurrency changes. This means that if the price goes up, the stop loss order will also increase, allowing you to capture more profits. However, if the price starts to drop, the stop loss order will stay at its current level, protecting your gains. It's a great way to manage your trades and ensure you don't miss out on potential profits.
  500

  125
• frankfejaMar 22, 2022 · 3 years ago
  The trailing stop loss feature on BitMEX is a game-changer for traders. It allows you to set a stop loss order that moves with the price of a cryptocurrency. This means that if the price goes up, the stop loss order will also increase, helping you secure more profits. But if the price starts to go down, the stop loss order will stay at its current level, protecting your gains. It's a must-have tool for anyone looking to trade on BitMEX.
  440

  88
• Riddhesh VelingMar 18, 2021 · 4 years ago
  The trailing stop loss feature on BitMEX is a valuable tool for traders. It allows you to set a stop loss order that automatically adjusts based on the price movement of a cryptocurrency. This means that if the price goes up, the stop loss order will also increase, allowing you to capture more profits. However, if the price starts to decline, the stop loss order will remain at its current level, protecting your gains. It's a smart strategy to use when trading on BitMEX.
  474

  79
• Divyanshi RawatJan 19, 2021 · 5 years ago
  The trailing stop loss feature on BitMEX is a must-have for traders. It allows you to set a stop loss order that moves with the price of a cryptocurrency. This means that if the price increases, the stop loss order will also increase, helping you secure more profits. On the other hand, if the price starts to decline, the stop loss order will remain at its current level, protecting your gains. It's a powerful tool that can help you manage your trades effectively.
  466

  67
• rolandoOct 08, 2022 · 3 years ago
  The trailing stop loss feature on BitMEX is a useful tool for traders. It allows you to set a stop loss order that automatically adjusts as the price of a cryptocurrency moves in your favor. This means that if the price goes up, the stop loss order will also increase, allowing you to capture more profits. However, if the price starts to drop, the stop loss order will stay at its current level, protecting your gains. It's a great way to stay on top of your trades and minimize potential losses.
  497

  63