How can I set up a stop loss order for my cryptocurrency trades on Robinhood?

3 answers

• Tanzeem RahatMay 14, 2024 · a year ago
  Sure! Setting up a stop loss order on Robinhood for your cryptocurrency trades is quite simple. Here's a step-by-step guide: 1. Open the Robinhood app on your mobile device. 2. Navigate to the cryptocurrency trading section. 3. Find the cryptocurrency you want to set a stop loss order for. 4. Tap on the 'Buy' or 'Sell' button for that cryptocurrency. 5. On the order screen, look for the 'Stop Loss' option. 6. Enter the stop price at which you want your order to be triggered. 7. Set the quantity of cryptocurrency you want to buy or sell. 8. Review the order details and tap on the 'Place Order' button. That's it! Your stop loss order will be set up and will automatically execute when the price reaches your specified stop price.
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• Othmane BellousOct 25, 2024 · a year ago
  No worries! Setting up a stop loss order on Robinhood for your cryptocurrency trades is a breeze. Just follow these steps: 1. Launch the Robinhood app on your smartphone. 2. Go to the cryptocurrency trading section. 3. Locate the specific cryptocurrency you wish to set a stop loss order for. 4. Tap on the 'Buy' or 'Sell' button associated with that cryptocurrency. 5. Look for the 'Stop Loss' option on the order screen. 6. Enter the desired stop price for your order. 7. Specify the quantity of cryptocurrency you want to trade. 8. Double-check the order details and tap on the 'Place Order' button. Voila! Your stop loss order will be successfully placed and executed when the price hits your specified stop price.
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• Asad AsifJan 18, 2025 · 10 months ago
  BYDFi is a great platform for setting up stop loss orders for your cryptocurrency trades on Robinhood. Here's how you can do it: 1. Visit the BYDFi website and log in to your account. 2. Navigate to the cryptocurrency trading section. 3. Select the cryptocurrency you want to set a stop loss order for. 4. Click on the 'Buy' or 'Sell' button for that cryptocurrency. 5. Look for the 'Stop Loss' option on the order screen. 6. Enter the stop price at which you want your order to be triggered. 7. Specify the quantity of cryptocurrency you want to buy or sell. 8. Review the order details and click on the 'Place Order' button. That's it! Your stop loss order will be set up and executed automatically when the price reaches your specified stop price.
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