What are the steps to set my stops on BitMEX in case the price drops below a predefined value?

3 answers

• Tennant EnnisJan 07, 2023 · 3 years ago
  Sure, setting stops on BitMEX is an important risk management strategy. Here are the steps: 1. Log in to your BitMEX account and navigate to the 'Trade' tab. 2. Select the trading pair you want to set the stop for. 3. Click on the 'Stop Market' order type. 4. Enter the stop price, which is the price at which you want your stop order to be triggered. 5. Choose the quantity of the asset you want to sell or buy when the stop order is triggered. 6. Set the 'Trigger' to 'Last Price' if you want the stop order to be triggered based on the last traded price. 7. Finally, click on the 'Sell' or 'Buy' button to place your stop order. Remember to review and double-check your stop order settings before placing it. Good luck with your trading!
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• Anabelle GithinjiJul 03, 2024 · a year ago
  Setting stops on BitMEX is a breeze! Just follow these steps: 1. Log in to your BitMEX account. 2. Go to the 'Trade' tab. 3. Select the trading pair you want to set the stop for. 4. Choose the 'Stop Market' order type. 5. Enter the stop price, which is the price at which you want your stop order to be triggered. 6. Specify the quantity of the asset you want to sell or buy when the stop order is triggered. 7. Set the 'Trigger' to 'Last Price' if you want the stop order to be triggered based on the last traded price. 8. Finally, click on the 'Sell' or 'Buy' button to place your stop order. That's it! Your stops are now set on BitMEX. Happy trading!
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• DBBatistaMay 09, 2021 · 4 years ago
  To set stops on BitMEX, follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the 'Trade' tab. 3. Choose the trading pair you want to set the stop for. 4. Select the 'Stop Market' order type. 5. Enter the stop price, which is the price at which you want your stop order to be triggered. 6. Specify the quantity of the asset you want to sell or buy when the stop order is triggered. 7. Set the 'Trigger' to 'Last Price' if you want the stop order to be triggered based on the last traded price. 8. Finally, click on the 'Sell' or 'Buy' button to place your stop order. That's all there is to it! Now you can protect your position on BitMEX.
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