How can I cancel my BitMEX position without risking any losses?

3 answers

• Dec 29, 2021 · 3 years ago
  To cancel your BitMEX position without risking any losses, you can use the 'Close' button on the trading interface. This will allow you to close your position at the current market price. However, please note that there may be slippage, especially during periods of high volatility, which could result in a slightly different exit price than expected. It's always a good idea to monitor the market closely and be prepared for potential price fluctuations when closing your position.
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• Dec 29, 2021 · 3 years ago
  If you want to cancel your BitMEX position without any risk of losses, you can consider using a stop order. By setting a stop order, you can specify a price at which you want your position to be closed. This way, if the market reaches that price, your position will be automatically closed without any further risk. Keep in mind that stop orders are not guaranteed to be executed at the exact specified price, especially in fast-moving markets. Therefore, there might still be a small chance of incurring some minimal losses.
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• Dec 29, 2021 · 3 years ago
  When it comes to canceling your BitMEX position without risking any losses, it's important to understand that trading always carries some level of risk. While you can use various strategies and tools to minimize potential losses, there's no guarantee of completely eliminating the risk. It's crucial to stay informed about market conditions, set appropriate stop-loss orders, and closely monitor your positions to make informed decisions. Additionally, consider diversifying your portfolio and not relying solely on a single position or exchange for your trading activities.
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