How can I set a profit stop loss on BitMEX?

1 answers

• Ryan RoizeFeb 28, 2024 · a year ago
  Setting a profit stop loss on BitMEX is a straightforward process. Here's how you can do it: 1. Log in to your BitMEX account. 2. Navigate to the 'Trading' section. 3. Choose the trading pair you want to set the profit stop loss for. 4. Select the 'Stop Market' order type. 5. Enter the desired profit level in the 'Stop Price' field. 6. Specify the amount of the trading pair you want to sell in the 'Quantity' field. 7. Click on the 'Sell' button to place the profit stop loss order. Keep in mind that setting a profit stop loss is an important risk management strategy to protect your gains in volatile markets.
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