Is there a specific time frame within which I need to close a position on Bybit?

3 answers

• Dec 15, 2021 · 3 years ago
  Yes, on Bybit, there is a specific time frame within which you should close a position. Bybit operates on a perpetual contract model, which means that positions do not have an expiration date. However, if your position reaches the liquidation price, it will be automatically closed by the platform. It's important to monitor your positions closely and manage your risk accordingly to avoid liquidation.
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• Dec 15, 2021 · 3 years ago
  Closing a position on Bybit should be done in a timely manner to ensure that you have control over your trades. While there is no specific time frame set by the platform, it is recommended to close your position as soon as you have achieved your desired profit or if the market conditions are no longer favorable. Remember, timing is crucial in trading, so make sure to stay informed and act accordingly.
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• Dec 15, 2021 · 3 years ago
  Bybit, a popular cryptocurrency exchange, does not impose a specific time frame for closing positions. As a trader, you have the flexibility to close your position whenever you see fit. However, it is important to note that holding a position for an extended period of time may expose you to additional risks, such as market volatility and potential liquidation. Therefore, it is advisable to regularly assess your positions and make informed decisions based on market conditions and your trading strategy.
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