Are there any specific steps I need to follow to place a stop-loss on a long position on BitMEX?

3 answers

• Mayuri PatilOct 08, 2024 · 9 months ago
  To place a stop-loss on a long position on BitMEX, follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the 'Trade' tab. 3. Select the trading pair for your long position. 4. Enter the quantity of the asset you want to set a stop-loss for. 5. Set the stop price at which you want the stop-loss to trigger. 6. Choose the order type as 'Stop'. 7. Review the details and click on 'Place Order' to confirm. It's important to note that placing a stop-loss order does not guarantee that your position will be closed at the exact stop price. It may be executed at a slightly different price due to market fluctuations.
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• MegarosssDec 12, 2021 · 4 years ago
  If you're new to BitMEX or unfamiliar with placing stop-loss orders, here's a step-by-step guide: 1. Log in to your BitMEX account using your credentials. 2. Once logged in, navigate to the 'Trade' tab on the top menu. 3. Select the trading pair for the long position you want to set a stop-loss for. 4. Enter the quantity of the asset you hold in the 'Quantity' field. 5. Set the stop price at which you want the stop-loss to trigger in the 'Stop Price' field. 6. Choose the order type as 'Stop' from the available options. 7. Review the order details and click on the 'Place Order' button to submit your stop-loss order. Remember to double-check all the details before placing the order to ensure accuracy.
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• Nurmatov BilolxonMar 29, 2023 · 2 years ago
  Sure! Here's a step-by-step guide on how to place a stop-loss on a long position on BitMEX: 1. Log in to your BitMEX account. 2. Go to the 'Trade' section. 3. Choose the trading pair for your long position. 4. Enter the quantity of the asset you want to set a stop-loss for. 5. Set the stop price at which you want the stop-loss to trigger. 6. Select the order type as 'Stop'. 7. Review the details and click on 'Place Order' to confirm your stop-loss order. Please note that stop-loss orders are executed based on market conditions and may not be filled at the exact stop price due to slippage.
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