The Stop Limit or Stop-LOSS on BitMEX
Next, to the Market option, we have the Stop Market Option and Watch Carefully There is a Downwards Arrow Right After The STOP-MARKET Option Click on That and Select STOP LIMIT Option. This Option is Used to Extract our Order (Buy/ Sell) only if a Certain Stop Price is Triggered. This is mainly used as a Stop-Loss, to Cut Losing Positions and Minimize the Loss.
Stop-Loss means - "Sell on my Command at a Certain Price if the Market Reaches a Certain Price". Let's say if we are Starting a SHORT (SELL) of 1 BTC size ($7800) at BTC = 7800$, and We Want to Lose No more than 50$, then We Set our Stop Loss to be as follows: The STOP Price will be 7845, the Limit Price will be Set to 7850. This way as the price Touches 7845 our Command to BUY $7800 at 7850 will be Triggered, which will End our Position and Limit our Loss to Around 50$.
Tips for using Stop-Limit: If you Short/ Sell - make sure limit price is always Higher than the Stop Price and the Opposite if you Long /Buy. Also, Tight Stops are a good idea so you limit your Loss, but keep in mind, in the Volatile Crypto Market a Position with a very Close Stop Order can easily Get Terminated. You can always create a Stop Limit command for only part of your position.
#Stop-LOSS Tutorial
#BitMEX Leverage Trading ✌
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It's is very risky to trade on bitmex because price manipulation on bitmex is at extreme level
if you are a trader, you must trade with Stop Loss. Applicable for all the markets.
If you are an Investor, buy at dips
this is what basic difference between trader and investor
great information
Goos post have a lote of information
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Stop loss is must when it comes to trading. Your post is so valuable. Thanks for sharing.
thanx for helping me bro. i was searching this levrage trading info. finally found it
Good post!