Are there any tips or tricks for closing half of your position on BitMEX?

3 answers

• Mar 19, 2022 · 3 years ago
  One tip for closing half of your position on BitMEX is to use the 'Reduce-Only' option. This option allows you to close a portion of your position without opening a new one. By using this option, you can ensure that you are only reducing your position size and not increasing your exposure to the market. Additionally, you can set a limit order to close half of your position at a specific price level to take advantage of potential price movements. Remember to always consider the market conditions and your risk tolerance before making any trading decisions.
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• Mar 19, 2022 · 3 years ago
  Closing half of your position on BitMEX can be done by manually entering the order size you want to close. Simply calculate half of your current position size and enter that value when placing your order. Keep in mind that this method requires you to actively monitor your position and execute the order at the desired price. It's important to have a clear plan in place and be disciplined in executing your trades to ensure you achieve your desired outcome.
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• Mar 19, 2022 · 3 years ago
  At BYDFi, we recommend using the 'Reduce-Only' option on BitMEX to close half of your position. This option allows you to reduce your position size without increasing your exposure to the market. Additionally, you can set a stop order to automatically close half of your position if the price reaches a certain level. This can help you manage your risk and protect your profits. Remember to always stay updated with the latest market trends and adjust your trading strategy accordingly.
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