How can I set a stop-loss order on a long position on BitMEX?
ClonixtechApr 15, 2025 · 3 months ago3 answers
I'm new to BitMEX and I want to know how to set a stop-loss order on a long position. Can someone guide me through the process step by step?
3 answers
- Muhammad Junaid AnwarMay 18, 2021 · 4 years agoSure, setting a stop-loss order on a long position on BitMEX is quite simple. First, log in to your BitMEX account and navigate to the trading page. Find the 'Stop Market' order type and select it. Then, choose the 'Buy' option and enter the quantity of the cryptocurrency you want to buy. Next, set the stop price, which is the price at which your stop-loss order will be triggered. Finally, set the order quantity and click on the 'Place Order' button. Your stop-loss order will be placed and executed if the price reaches your specified stop price.
- Bundgaard NicolaisenApr 24, 2022 · 3 years agoTo set a stop-loss order on a long position on BitMEX, follow these steps: 1. Log in to your BitMEX account. 2. Go to the trading page and select the 'Stop Market' order type. 3. Choose the 'Buy' option and enter the quantity of the cryptocurrency you want to buy. 4. Set the stop price, which is the price at which your stop-loss order will be triggered. 5. Enter the order quantity and click on the 'Place Order' button. That's it! Your stop-loss order will be placed and executed if the price reaches your specified stop price.
- AdityaYsfJun 09, 2025 · a month agoSetting a stop-loss order on a long position on BitMEX is a crucial risk management strategy. To do this, you can follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the trading page and select the 'Stop Market' order type. 3. Choose the 'Buy' option and enter the quantity of the cryptocurrency you want to buy. 4. Set the stop price, which is the price at which your stop-loss order will be triggered. 5. Enter the order quantity and click on the 'Place Order' button. Remember to regularly monitor your positions and adjust your stop-loss orders accordingly to protect your investment.
Top Picks
How to Use Bappam TV to Watch Telugu, Tamil, and Hindi Movies?
2 1810392How to Trade Options in Bitcoin ETFs as a Beginner?
1 3325Bitcoin Dominance Chart: Your Guide to Crypto Market Trends in 2025
0 0293Crushon AI: The Only NSFW AI Image Generator That Feels Truly Real
0 1285How to Withdraw Money from Binance to a Bank Account in the UAE?
1 0274Is Pi Coin Legit? A 2025 Analysis of Pi Network and Its Mining
0 0268
Related Tags
Hot Questions
- 2716
How can college students earn passive income through cryptocurrency?
- 2644
What are the top strategies for maximizing profits with Metawin NFT in the crypto market?
- 2474
How does ajs one stop compare to other cryptocurrency management tools in terms of features and functionality?
- 1772
How can I mine satosh and maximize my profits?
- 1442
What is the mission of the best cryptocurrency exchange?
- 1348
What factors will influence the future success of Dogecoin in the digital currency space?
- 1284
What are the best cryptocurrencies to invest $500k in?
- 1184
What are the top cryptocurrencies that are influenced by immunity bio stock?
More