What is the process for placing a stop-loss on a long trade on BitMEX?

1 answers

• KillerDiekApr 24, 2024 · a year ago
  When it comes to placing a stop-loss order on BitMEX for a long trade, it's important to follow a few simple steps. First, log in to your BitMEX account and navigate to the trading interface. Choose the trading pair you want to trade and select 'Long' as the position type. Enter the quantity of the asset you want to buy and set the desired entry price. Then, find the 'Stop Market' option and enter the stop price at which you want the stop-loss order to trigger. Finally, review your order details and click 'Submit' to place the stop-loss order. Remember, stop-loss orders can help protect your investment, but they are not guaranteed to be filled at the exact stop price due to market conditions.
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