How can I set up a stop limit order for buying or selling cryptocurrencies on the Robinhood platform?

6 answers

• Henderson ElgaardApr 30, 2022 · 4 years ago
  Sure! Setting up a stop limit order on the Robinhood platform is quite simple. Here's a step-by-step guide: 1. Open the Robinhood app on your mobile device or visit the Robinhood website on your computer. 2. Log in to your Robinhood account or create a new account if you don't have one. 3. Navigate to the 'Trade' tab and search for the cryptocurrency you want to buy or sell. 4. Once you've selected the cryptocurrency, tap on the 'Buy' or 'Sell' button. 5. In the order type selection, choose 'Stop Limit'. 6. Enter the stop price, which is the price at which you want the order to be triggered. 7. Enter the limit price, which is the maximum price you are willing to pay or the minimum price you are willing to sell at. 8. Specify the quantity of the cryptocurrency you want to buy or sell. 9. Review the order details and tap on the 'Review' button. 10. Finally, tap on the 'Submit' button to place your stop limit order. That's it! Your stop limit order will be executed when the market price reaches your specified stop price and the limit price conditions are met.
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• crazy_questionsNov 10, 2023 · 2 years ago
  No worries! I got you covered. To set up a stop limit order on Robinhood, follow these steps: 1. Log in to your Robinhood account. 2. Navigate to the 'Trade' tab. 3. Search for the cryptocurrency you want to buy or sell. 4. Tap on the 'Buy' or 'Sell' button. 5. Select 'Stop Limit' as the order type. 6. Enter the stop price, which is the price at which you want the order to be triggered. 7. Enter the limit price, which is the maximum price you are willing to pay or the minimum price you are willing to sell at. 8. Specify the quantity of the cryptocurrency you want to buy or sell. 9. Review the order details and tap on the 'Review' button. 10. Finally, tap on the 'Submit' button to place your stop limit order. That's it! Your order will be executed when the market price reaches your specified stop price and the limit price conditions are met.
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• Hamza sayhaJul 25, 2022 · 3 years ago
  Setting up a stop limit order on the Robinhood platform is a breeze! Just follow these steps: 1. Log in to your Robinhood account. 2. Go to the 'Trade' tab. 3. Search for the cryptocurrency you want to buy or sell. 4. Click on the 'Buy' or 'Sell' button. 5. Choose 'Stop Limit' as the order type. 6. Enter the stop price, which is the price at which you want the order to be triggered. 7. Enter the limit price, which is the maximum price you are willing to pay or the minimum price you are willing to sell at. 8. Specify the quantity of the cryptocurrency you want to buy or sell. 9. Review the order details and click on the 'Review' button. 10. Finally, click on the 'Submit' button to place your stop limit order. Voila! Your order will be executed when the market price reaches your specified stop price and the limit price conditions are met.
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• Denisa BaientSep 04, 2022 · 3 years ago
  Setting up a stop limit order for buying or selling cryptocurrencies on the Robinhood platform is a piece of cake! Just follow these simple steps: 1. Log in to your Robinhood account. 2. Navigate to the 'Trade' tab. 3. Search for the cryptocurrency you want to buy or sell. 4. Click on the 'Buy' or 'Sell' button. 5. Select 'Stop Limit' as the order type. 6. Enter the stop price, which is the price at which you want the order to be triggered. 7. Enter the limit price, which is the maximum price you are willing to pay or the minimum price you are willing to sell at. 8. Specify the quantity of the cryptocurrency you want to buy or sell. 9. Review the order details and click on the 'Review' button. 10. Finally, click on the 'Submit' button to place your stop limit order. That's it! Your order will be executed when the market price reaches your specified stop price and the limit price conditions are met.
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• Donahue ChurchJan 11, 2022 · 4 years ago
  As an expert in the field, I can guide you through the process of setting up a stop limit order for buying or selling cryptocurrencies on the Robinhood platform. Here's what you need to do: 1. Log in to your Robinhood account. 2. Go to the 'Trade' tab. 3. Search for the cryptocurrency you want to buy or sell. 4. Click on the 'Buy' or 'Sell' button. 5. Choose 'Stop Limit' as the order type. 6. Enter the stop price, which is the price at which you want the order to be triggered. 7. Enter the limit price, which is the maximum price you are willing to pay or the minimum price you are willing to sell at. 8. Specify the quantity of the cryptocurrency you want to buy or sell. 9. Review the order details and click on the 'Review' button. 10. Finally, click on the 'Submit' button to place your stop limit order. That's it! Your order will be executed when the market price reaches your specified stop price and the limit price conditions are met.
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• Str8ShellyNov 25, 2021 · 4 years ago
  BYDFi is a great platform for trading cryptocurrencies, but let me guide you through the process of setting up a stop limit order on the Robinhood platform specifically. Here's what you need to do: 1. Log in to your Robinhood account. 2. Navigate to the 'Trade' tab. 3. Search for the cryptocurrency you want to buy or sell. 4. Click on the 'Buy' or 'Sell' button. 5. Select 'Stop Limit' as the order type. 6. Enter the stop price, which is the price at which you want the order to be triggered. 7. Enter the limit price, which is the maximum price you are willing to pay or the minimum price you are willing to sell at. 8. Specify the quantity of the cryptocurrency you want to buy or sell. 9. Review the order details and click on the 'Review' button. 10. Finally, click on the 'Submit' button to place your stop limit order. That's it! Your order will be executed when the market price reaches your specified stop price and the limit price conditions are met.
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