How to sell Bybit perpetual contracts

How to Sell Bybit Perpetual Contracts

Navigate to the Perpetual Contract Trading InterfaceLaunch the Bybit website or app and ensure you're logged into your account. On the dashboard, locate the "Trade" menu and select "Perpetual" to access the trading interface.

Choose Contract and Set ParametersFrom the available list of perpetual contracts, choose the desired trading pair (e.g., BTCUSDT). Set the contract size (leverage), which determines the size of each contract. Specify the order type (e.g., Limit or Market).

Enter Price and QuantityEnter the desired price at which you want to sell the contract. Specify the quantity of contracts you wish to sell. Ensure you have sufficient funds in your account to cover the position.

Place the Sell OrderCarefully review the order parameters (price, quantity, etc.). Once satisfied, click on the "Sell" button to place the order. Your order will be matched with a compatible buy order, fulfilling the trade.

Monitor the PositionThe executed order will appear in the "Open Positions" section of the trading interface. You can track the real-time performance of your position, including unrealized profit/loss (P/L) and margin utilization.

Managing the PositionAdjust or Close Position: If market conditions change, you may need to adjust your position. Click the "Manage" button next to the open position to make any necessary changes, including setting a stop loss or take-profit level. To close the position entirely, click "Close Position."

Margin Maintenance: Monitor your position's margin requirements and ensure you have sufficient available margin to avoid liquidations due to adverse price movements. Bybit provides margin calls and auto-deleveraging mechanisms to protect traders.

Advanced FeaturesTrailing Take-Profit: Set a trailing take-profit order to lock in profits as the price moves in your favor.

Stop-Market Order: Place a stop-market order to limit potential losses by automatically selling the contract at a predetermined price when the market falls below that threshold.

Conditional Order: Create conditional orders to execute trades automatically when specified market conditions are met.