13. How to liquidate BitMEX

 

In this time, I will tell you how to liquidate the BitMEX exchange!

Partial liquidation is the act of clearing up only a portion of the position you entered.

Pyramiding (water riding or burning) technique that we often talk about requires more money on board, while

Split liquidation can be used to reduce position size (stop loss or profit loss)!

 

 

 

 

 

How to do partial liquidation on the BitMEX exchange!

 

 

 

 

 

 

 

Split liquidation is very easy!

"If you place an order in the opposite position, it will be liquidated in installments"

If you place an order in the opposite direction of the position you entered, it will be liquidated as much as you placed the order~

 

 

Take a look with the example below!

 

 

 

 

 

 

 

 

 

 

Currently, I have a short sale of $20,000!

 

It is judged that there has been sufficient profit, so I will liquidate 50% in installments~

 

 

 

 

 

 

 

 

 

 

 

Currently, $20,000 is a long position, so let's place an order of $10,000 in a short position!

 

 

 

 

 

 

 

 

 

 

The order has been completed as above. 

 

 

 

 

 

 

 

 

 

Now, $10,000 is liquidated in installments, and $10,000 is maintained as a short position~

Conversely, if you are holding a long position, by placing a short

 

You can organize your positions into segments as much as you want!

 

 

Simple isn't it?

 

How to use partial liquidation!

 

1. Some of the stop-loos!

- The position you entered enters the loss section and, as a rule, is trying to make a stop loss to minimize the loss.

- However, rather than organizing all positions, if you are planning a scenario in which you want to organize some of the positions and re-enter positions if the situation is good,

 

- Through partial liquidation, you can make a strategy that allows you to stop losing only part of it and wait and see!

 

 2. Only part of it is useless!

- You have entered the profit zone, and the market has unexpectedly surged tremendously.

- After the market rises, it enters a period of temporary correction. If you want to make a profit in an uncertain situation whether it is the end of an uptrend or a correction,

 

- You can liquidate only part of the position and re-enter after the adjustment is complete, or organize the remaining positions at a later time!

 

3. Reduce position size!

 

- If you can't sleep with your legs outstretched in the evening, it's a sign that you've built an over-exploited position!

- In this case, it is important to reduce the size of the position!

 

- You can trade rationally only if you can reduce the size of your position and psychologically handle it through split liquidation!

 

 

Partial liquidation? Simple isn't it?

Next time, I will explain about cross margin and isolation margin!

 

If you are curious about the 2 different margin methods, please click here!