Are there any tips or tricks for closing a position on BitMEX?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! When it comes to closing a position on BitMEX, there are a few things you can keep in mind. First, make sure to set a stop loss order to limit potential losses. Additionally, consider using trailing stops to protect profits as the market moves in your favor. Finally, it's always a good idea to monitor the market closely and stay updated on any news or events that may impact your position. Happy trading! 😊
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• Dec 18, 2021 · 3 years ago
  Closing a position on BitMEX is pretty straightforward. Simply go to the 'Positions' tab on the platform, find the position you want to close, and click on the 'Close' button. You'll then be prompted to confirm the closure. It's important to note that closing a position will also close any associated orders, so make sure to cancel any open orders if you don't want them to be executed. Good luck with your trades! 👍
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• Dec 18, 2021 · 3 years ago
  Closing a position on BitMEX is an important part of managing your trades. As a trader, it's crucial to have a clear exit strategy in place. BitMEX offers various order types that can help you close your position effectively, such as market orders, limit orders, and stop orders. Each order type has its own advantages and considerations, so it's important to understand how they work and choose the one that aligns with your trading goals. Remember to always stay informed and adapt your strategy as market conditions change. Best of luck with your trades!
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