What is the best way to set a stop loss on BitMEX to avoid liquidation?

3 answers

• Dewi SyahfitriAug 24, 2023 · 3 years ago
  One of the best ways to set a stop loss on BitMEX and avoid liquidation is to use the trailing stop feature. This allows you to set a dynamic stop loss level that moves with the market. By setting a trailing stop, you can protect your profits and limit your losses as the price fluctuates. Simply go to the 'Stop Market' order type, set your trigger price, and choose the trailing stop option. Make sure to set a suitable trailing distance to give the market enough room to breathe, but not too much to risk significant losses. Happy trading! 💪
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• Jeú DouradoApr 28, 2025 · a year ago
  To avoid liquidation on BitMEX, it's crucial to set a stop loss at a level that aligns with your risk tolerance. You can use technical analysis tools to identify support and resistance levels and set your stop loss accordingly. Additionally, consider setting a stop loss based on a percentage of your total account balance rather than a fixed dollar amount. This will help you manage risk more effectively, especially during volatile market conditions. Remember to regularly review and adjust your stop loss as the market evolves. Good luck! 💰
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• Boone TimmJul 07, 2020 · 6 years ago
  At BYDFi, we recommend using a combination of stop loss and take profit orders to protect your positions on BitMEX. Set a stop loss order at a level that you're comfortable with, taking into account your risk tolerance and market conditions. Additionally, consider using a take profit order to secure profits when the market moves in your favor. By using both types of orders, you can mitigate the risk of liquidation and maximize your potential gains. Remember to regularly monitor your positions and adjust your orders as needed. Happy trading! 🤝
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