What are the options for closing a short position on BitMEX?

3 answers

• Akila DinukMar 31, 2022 · 3 years ago
  To close a short position on BitMEX, you have a few options. The most common way is to place a buy order for the same quantity of the asset you shorted. This will effectively cancel out your short position and close it. Another option is to use a stop order, which will automatically close your short position if the price reaches a certain level. However, be aware that stop orders can be triggered by short-term price fluctuations and may not always execute at the exact desired price. It's important to carefully consider the risks and monitor the market closely when closing a short position on BitMEX.
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• LiChain.YuNov 14, 2023 · 2 years ago
  Closing a short position on BitMEX is quite straightforward. You can simply place a buy order for the same quantity of the asset you shorted. This will close your short position and exit the trade. Alternatively, you can use a stop order to automatically close your short position if the price reaches a certain level. Just make sure to set the stop price carefully to avoid unnecessary losses. Remember to always stay updated with the market conditions and adjust your closing strategy accordingly.
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• Amirhossein KhadiviJun 22, 2021 · 4 years ago
  When it comes to closing a short position on BitMEX, you have a couple of options. The most common method is to place a buy order for the same amount of the asset you shorted. This will effectively close your short position. Another option is to use a stop order, which will automatically close your position if the price reaches a certain level. However, keep in mind that stop orders can be triggered by short-term price fluctuations, so it's important to set the stop price carefully. Additionally, it's always a good idea to stay informed about market conditions and monitor your position closely when closing a short position on BitMEX.
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