How can I set my stop order on BitMEX if the price drops below a certain level?

5 answers

• mari gavrJan 08, 2022 · 4 years ago
  Sure! Setting a stop order on BitMEX is a straightforward process. Here's how you can do it: 1. Log in to your BitMEX account. 2. Go to the 'Trade' tab and select the cryptocurrency you want to trade. 3. In the 'Order Type' section, choose 'Stop' from the dropdown menu. 4. Enter the price at which you want your stop order to be triggered in the 'Stop Price' field. 5. Specify the quantity of the cryptocurrency you want to buy or sell in the 'Quantity' field. 6. Choose the type of order you want to place, either 'Buy' or 'Sell'. 7. Click on the 'Place Order' button to submit your stop order. That's it! Your stop order will be placed on BitMEX, and if the price of the cryptocurrency drops below the specified level, your order will be triggered automatically.
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• taiwanlannisterSep 08, 2021 · 4 years ago
  No worries! I got you covered. To set a stop order on BitMEX when the price drops below a certain level, follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the 'Trade' section and select the cryptocurrency you want to trade. 3. In the 'Order Type' dropdown, choose 'Stop'. 4. Enter the desired stop price in the 'Stop Price' field. 5. Specify the quantity of the cryptocurrency you wish to buy or sell in the 'Quantity' field. 6. Select the order type, either 'Buy' or 'Sell'. 7. Finally, click on the 'Place Order' button to execute your stop order. That's it! Your stop order will be set on BitMEX, and if the price drops below your specified level, your order will be triggered.
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• Muhammad Haroon khanJul 23, 2024 · a year ago
  Setting a stop order on BitMEX is a breeze! Just follow these steps: 1. Log in to your BitMEX account. 2. Head over to the 'Trade' tab and choose the cryptocurrency you want to trade. 3. In the 'Order Type' section, select 'Stop' from the dropdown menu. 4. Enter the stop price you desire in the 'Stop Price' field. 5. Specify the quantity of the cryptocurrency you want to buy or sell in the 'Quantity' field. 6. Decide whether you want to place a 'Buy' or 'Sell' order. 7. Click on the 'Place Order' button to finalize your stop order. Voila! Your stop order is now set on BitMEX. If the price drops below your specified level, your order will be automatically triggered.
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• BertiiNov 12, 2020 · 5 years ago
  Setting a stop order on BitMEX is quite simple. Here's how you can do it: 1. Log in to your BitMEX account. 2. Navigate to the 'Trade' section and select the cryptocurrency you wish to trade. 3. In the 'Order Type' dropdown, choose 'Stop'. 4. Enter the stop price you want in the 'Stop Price' field. 5. Specify the quantity of the cryptocurrency you want to buy or sell in the 'Quantity' field. 6. Choose whether you want to place a 'Buy' or 'Sell' order. 7. Finally, click on the 'Place Order' button to set your stop order. That's it! Your stop order will be placed on BitMEX, and if the price drops below your specified level, your order will be executed automatically.
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• Lennart KOct 05, 2021 · 4 years ago
  BYDFi is a great platform for setting stop orders on BitMEX. To set a stop order on BitMEX when the price drops below a certain level, follow these steps: 1. Log in to your BitMEX account on the BYDFi platform. 2. Go to the 'Trade' section and select the cryptocurrency you want to trade. 3. Choose 'Stop' as the order type from the dropdown menu. 4. Enter the desired stop price in the 'Stop Price' field. 5. Specify the quantity of the cryptocurrency you wish to buy or sell in the 'Quantity' field. 6. Select the order type, either 'Buy' or 'Sell'. 7. Click on the 'Place Order' button to execute your stop order. That's it! Your stop order will be set on BitMEX, and if the price drops below your specified level, your order will be triggered automatically.
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