What are the steps to cancel my position on BitMEX without incurring losses?
MomoyateDec 26, 2021 · 3 years ago1 answers
Can you provide me with a detailed explanation of the steps I need to follow to cancel my position on BitMEX without incurring any losses? I want to ensure that I am able to exit my position smoothly and without any negative impact on my overall trading performance.
1 answers
- Dec 26, 2021 · 3 years agoNo worries! Here's a simple guide to help you cancel your position on BitMEX without any losses: 1. Log in to your BitMEX account and navigate to the 'Positions' section. 2. Find the position you want to cancel and click on the 'Cancel' button next to it. 3. Confirm the cancellation by entering your account password or any other required verification steps. 4. Keep an eye on the market conditions and liquidity to determine the best time to cancel your position. 5. Once you've canceled your position, take a moment to reflect on your trading strategy and identify any areas for improvement. Remember, canceling a position may involve some fees or costs, so it's important to consider the potential impact on your overall trading performance.
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