BitMEX introduces Trailing Stop order type on web interface

Great news for bitcoin futures traders: BitMEX is now offering convenient trail stop orders on their interface. This is a great way to make sure that when you're in a position that goes into profit, but then whipsaws against you, that the profit is locked in when it goes in your favor. Here's how they describe it:

You set the Quantity of an already existing position in the text field there.

Then you set the Trail Value in the base currency of the contract, in this case USD, which will make sure you have an active stop set in case the market goes against you and you want to limit your losses.

BitMEX has other things in the pipeline too: including an interesting "swap" contract which is currently live on Testnet, which allows you to earn interest on bitcoin while you are holding a position.  Stay tuned to hear what these guys have next.

Get a 10% discount on fees trading high leverage bitcoin futures at BitMEX using this link.