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What is the process for setting a stop loss after a market trade on BitMEX?

avatarNegative 0o0Nov 28, 2021 · 3 years ago7 answers

Can you explain the step-by-step process for setting a stop loss after executing a market trade on BitMEX? I want to make sure I understand how to protect my investment.

What is the process for setting a stop loss after a market trade on BitMEX?

7 answers

  • avatarNov 28, 2021 · 3 years ago
    Sure! After executing a market trade on BitMEX, follow these steps to set a stop loss: 1. Log in to your BitMEX account and navigate to the 'Positions' tab. 2. Locate the position you want to set a stop loss for. 3. Click on the 'Stop Market' button next to the position. 4. Enter the stop price at which you want the stop loss to trigger. 5. Set the quantity or percentage of your position you want to sell when the stop loss is triggered. 6. Review the details and click 'Confirm' to place the stop loss order. That's it! Your stop loss order will be placed and will automatically trigger if the market price reaches your specified stop price.
  • avatarNov 28, 2021 · 3 years ago
    No worries! Setting a stop loss on BitMEX after a market trade is a straightforward process. Just follow these steps: 1. Login to your BitMEX account and go to the 'Positions' tab. 2. Find the position you want to set a stop loss for. 3. Click on the 'Stop Market' button next to that position. 4. Enter the stop price at which you want the stop loss to be triggered. 5. Specify the quantity or percentage of your position you want to sell when the stop loss is triggered. 6. Double-check the details and click 'Confirm' to place the stop loss order. Done! Your stop loss order will be active and will execute if the market price reaches your specified stop price.
  • avatarNov 28, 2021 · 3 years ago
    Setting a stop loss after a market trade on BitMEX is quite simple. Here's how you can do it: 1. Log in to your BitMEX account and go to the 'Positions' tab. 2. Look for the position you want to set a stop loss for. 3. Click on the 'Stop Market' button next to that position. 4. Input the stop price that will trigger the stop loss. 5. Specify the quantity or percentage of your position you want to sell when the stop loss is triggered. 6. Review the details and click 'Confirm' to place the stop loss order. That's it! Your stop loss order will be in effect and will activate if the market price reaches your specified stop price.
  • avatarNov 28, 2021 · 3 years ago
    When it comes to setting a stop loss after executing a market trade on BitMEX, the process is quite straightforward. Here are the steps: 1. Log in to your BitMEX account and go to the 'Positions' tab. 2. Locate the position you want to set a stop loss for. 3. Click on the 'Stop Market' button next to that position. 4. Enter the stop price that will trigger the stop loss. 5. Specify the quantity or percentage of your position you want to sell when the stop loss is triggered. 6. Review the details and click 'Confirm' to place the stop loss order. That's it! Your stop loss order will be active and will execute if the market price reaches your specified stop price.
  • avatarNov 28, 2021 · 3 years ago
    After executing a market trade on BitMEX, you can easily set a stop loss by following these steps: 1. Log in to your BitMEX account and navigate to the 'Positions' tab. 2. Find the position you want to set a stop loss for. 3. Click on the 'Stop Market' button next to that position. 4. Input the stop price at which you want the stop loss to be triggered. 5. Specify the quantity or percentage of your position you want to sell when the stop loss is triggered. 6. Review the details and click 'Confirm' to place the stop loss order. That's it! Your stop loss order will be set and will activate if the market price reaches your specified stop price.
  • avatarNov 28, 2021 · 3 years ago
    Setting a stop loss after a market trade on BitMEX is a breeze. Just follow these steps: 1. Log in to your BitMEX account and go to the 'Positions' tab. 2. Locate the position you want to set a stop loss for. 3. Click on the 'Stop Market' button next to that position. 4. Enter the stop price that will trigger the stop loss. 5. Specify the quantity or percentage of your position you want to sell when the stop loss is triggered. 6. Review the details and click 'Confirm' to place the stop loss order. Voila! Your stop loss order will be active and will execute if the market price reaches your specified stop price.
  • avatarNov 28, 2021 · 3 years ago
    BYDFi, a digital currency exchange, provides a simple process for setting a stop loss after a market trade on BitMEX. Here's how: 1. Log in to your BitMEX account and navigate to the 'Positions' tab. 2. Locate the position you want to set a stop loss for. 3. Click on the 'Stop Market' button next to that position. 4. Enter the stop price that will trigger the stop loss. 5. Specify the quantity or percentage of your position you want to sell when the stop loss is triggered. 6. Review the details and click 'Confirm' to place the stop loss order. That's it! Your stop loss order will be placed and will automatically execute if the market price reaches your specified stop price.