Post
Topic
Board Trading Discussion
Re: When 💩 hits the fan...
by
butka
on 14/06/2019, 16:08:58 UTC
If you ever find yourself trading on a leveraged trading site, especially Bitmex, it's extremely important you employ market stops and not limit stop losses. Prices can slip right past a limit stop and not execute, whereas the market stop will at least execute and you'll close somewhere near where the market stop is located. You don't get a rebate on Bitmex with a market order, but it's better than a stoploss not executing.
This is a very good advice and is essential to implement for everyone trading on Bitmex. I myself always use "market stop losses". Luckily it is the default value. The difference between paying maker fees vs collecting taker fees is negligible in situations where your exit has to happen to prevent unnecessary losses and save your skin.