What is the best way to close your BitMEX positions?

3 answers

• Dec 28, 2021 · 3 years ago
  One of the best ways to close your BitMEX positions is by using the market order option. This allows you to close your positions at the current market price. However, keep in mind that market orders may be subject to slippage, especially during high volatility periods. So, it's important to monitor the market closely before executing a market order. Another effective method is using a limit order to close your positions. With a limit order, you can set a specific price at which you want to close your positions. This gives you more control over the execution price, but there's a chance that your order may not get filled if the market doesn't reach your specified price. Additionally, you can consider using a trailing stop order to close your BitMEX positions. This type of order automatically adjusts the stop price as the market moves in your favor. It allows you to capture more profits if the market continues to move in your desired direction, while also protecting your gains if the market reverses. Remember, it's important to carefully consider your risk tolerance and market conditions before choosing the best way to close your BitMEX positions.
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• Dec 28, 2021 · 3 years ago
  Closing your BitMEX positions can be done in a few different ways. One option is to manually close your positions by placing a market or limit order. Another option is to set up a stop order, which will automatically close your positions if the market reaches a certain price level. Additionally, you can use the BitMEX API to programmatically close your positions based on specific conditions or triggers. When deciding on the best way to close your BitMEX positions, it's important to consider factors such as market liquidity, volatility, and your own risk tolerance. It's also a good idea to stay updated on the latest market news and trends to make informed decisions. Overall, there isn't a one-size-fits-all answer to this question. The best way to close your BitMEX positions will depend on your individual trading strategy and goals.
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• Dec 28, 2021 · 3 years ago
  Closing your BitMEX positions can be done in various ways, but one popular method is by using the trailing stop order feature. This feature allows you to set a stop price that automatically adjusts as the market moves in your favor. It's a great way to protect your profits while still allowing for potential upside. Another option is to use the BitMEX mobile app, which provides a user-friendly interface for managing your positions. With the app, you can easily monitor your positions and close them with just a few taps. If you prefer a more hands-on approach, you can manually close your positions by placing market or limit orders. This gives you more control over the execution price, but it requires active monitoring of the market. In conclusion, there are multiple ways to close your BitMEX positions, and the best method will depend on your personal preferences and trading strategy.
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