Are there any tips or tricks for setting a stop loss on BitMEX?

3 answers

• Dec 15, 2021 · 3 years ago
  Setting a stop loss on BitMEX is an important risk management strategy. One tip is to determine your risk tolerance and set your stop loss accordingly. You can also consider using trailing stop orders to automatically adjust your stop loss as the price moves in your favor. Additionally, it's crucial to regularly monitor your positions and adjust your stop loss if necessary to protect your investments.
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• Dec 15, 2021 · 3 years ago
  When setting a stop loss on BitMEX, it's important to consider the volatility of the market. You may want to set a wider stop loss for more volatile assets and a tighter stop loss for less volatile assets. It's also a good idea to use technical analysis to identify key support and resistance levels to place your stop loss. Remember to always stay disciplined and stick to your stop loss strategy to effectively manage risk on BitMEX.
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• Dec 15, 2021 · 3 years ago
  Setting a stop loss on BitMEX can be done through the platform's order form. Simply enter the price at which you want your stop loss to trigger and the quantity you want to sell. BitMEX offers different order types, including market, limit, and stop market orders, which can be used to set your stop loss. It's important to understand the different order types and how they work to effectively set your stop loss on BitMEX.
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