How can I set a stop loss on BitMEX to protect my cryptocurrency investment?

1 answers

• Dec 16, 2021 · 3 years ago
  Hey there! Setting a stop loss on BitMEX is a smart move to protect your cryptocurrency investment. Here's a quick guide: 1. Log in to your BitMEX account. 2. Head over to the 'Trade' tab. 3. Choose the cryptocurrency you want to set a stop loss for. 4. Enter the stop price, which is the price at which you want your stop loss to trigger. 5. Specify the quantity of the cryptocurrency you want to sell when the stop loss is triggered. 6. Click on the 'Sell' button to place the stop loss order. By setting a stop loss, you can sleep peacefully knowing that your investment is protected even if the market takes a downturn. Good luck!
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