Is there a step-by-step guide on how to set a stop loss on BitMEX for traders in the cryptocurrency industry?
Flynn LassiterJan 22, 2022 · 4 years ago3 answers
I'm new to trading cryptocurrencies and I want to learn how to set a stop loss on BitMEX. Can someone provide a detailed step-by-step guide on how to do it?
3 answers
- jeongduen1Nov 17, 2021 · 4 years agoSure, here's a step-by-step guide on how to set a stop loss on BitMEX: 1. Log in to your BitMEX account. 2. Go to the 'Trade' tab. 3. Select the cryptocurrency pair you want to trade. 4. Click on the 'Stop Market' order type. 5. Enter the stop price at which you want your position to be liquidated. 6. Set the quantity of the position you want to open. 7. Click on the 'Sell' or 'Buy' button to execute the stop loss order. Remember to always double-check your stop price and quantity before placing the order. Good luck with your trading! 😊
- Kham ChanJan 10, 2023 · 3 years agoSetting a stop loss on BitMEX is easy! Just follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the 'Trade' tab. 3. Choose the cryptocurrency pair you want to trade. 4. Select the 'Stop Market' order type. 5. Enter the stop price you desire. 6. Specify the quantity of the position you want to open. 7. Click on the 'Sell' or 'Buy' button to execute the stop loss order. It's important to note that setting a stop loss can help protect your investment from significant losses. Happy trading! 💪
- sys_errMar 14, 2025 · 5 months agoYes, there is a step-by-step guide on how to set a stop loss on BitMEX. Here it is: 1. Log in to your BitMEX account. 2. Go to the 'Trade' section. 3. Choose the cryptocurrency pair you want to trade. 4. Select the 'Stop Market' order type. 5. Enter the stop price at which you want your position to be liquidated. 6. Specify the quantity of the position you want to open. 7. Click on the 'Sell' or 'Buy' button to execute the stop loss order. Setting a stop loss is crucial in managing risk in the volatile cryptocurrency market. Make sure to practice proper risk management strategies. 💰
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