What are the steps to add to my position on Bitmex without getting liquidated?

3 answers

• Dec 16, 2021 · 3 years ago
  To add to your position on Bitmex without getting liquidated, you should first make sure to carefully manage your leverage. It's important to use a leverage level that you are comfortable with and that allows you to maintain a healthy margin. Additionally, you should closely monitor the market conditions and set appropriate stop-loss orders to protect your position. By setting a stop-loss order, you can limit your potential losses if the market moves against your position. Finally, it's crucial to stay updated with the latest news and market trends to make informed decisions about adding to your position.
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• Dec 16, 2021 · 3 years ago
  Adding to your position on Bitmex without risking liquidation requires a cautious approach. Start by calculating your liquidation price using the Bitmex calculator or other tools available. This will help you determine the maximum price movement your position can withstand without getting liquidated. Once you have this information, you can set a stop-loss order slightly above your liquidation price to protect your position. Additionally, consider using lower leverage to reduce the risk of liquidation. Remember to always stay vigilant and monitor the market closely to make timely adjustments to your position.
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• Dec 16, 2021 · 3 years ago
  When it comes to adding to your position on Bitmex without the fear of liquidation, it's important to follow a few key steps. Firstly, ensure that you have a clear understanding of your risk tolerance and set your leverage accordingly. It's advisable to start with lower leverage and gradually increase it as you gain more experience and confidence. Secondly, always use stop-loss orders to protect your position. Set your stop-loss order at a level that allows for some price fluctuation but still protects you from significant losses. Lastly, stay informed about market conditions and news that may impact your position. By following these steps, you can add to your position on Bitmex with reduced risk of liquidation.
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