What strategies can I use to add to my position on Bitmex without the fear of liquidation?

3 answers

• Jan 12, 2022 · 3 years ago
  One strategy you can use to add to your position on Bitmex without the fear of liquidation is to set a tight stop-loss order. This will help protect your position in case the market moves against you. Additionally, you can consider using leverage wisely and not overexposing yourself to high leverage ratios. It's also important to stay updated with market news and trends to make informed decisions about adding to your position.
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• Jan 12, 2022 · 3 years ago
  To add to your position on Bitmex without the fear of liquidation, you can consider using a trailing stop order. This type of order allows you to set a stop price that moves with the market, protecting your position while still giving it room to grow. Another strategy is to diversify your portfolio and not put all your eggs in one basket. By spreading your investments across different cryptocurrencies, you can reduce the risk of liquidation in case one asset performs poorly.
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• Jan 12, 2022 · 3 years ago
  At BYDFi, we recommend using a risk management strategy called dollar-cost averaging to add to your position on Bitmex without the fear of liquidation. This strategy involves buying a fixed amount of a cryptocurrency at regular intervals, regardless of its price. By doing so, you can take advantage of market fluctuations and accumulate more coins over time. It's important to note that this strategy requires a long-term perspective and patience, as it may take time for the market to move in your favor.
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