How can I set a stop loss order on Robinhood for cryptocurrencies?

3 answers

• Dawson GoodOct 24, 2023 · 2 years ago
  Sure, setting a stop loss order on Robinhood for cryptocurrencies is quite simple. Here's how you can do it: 1. Open the Robinhood app on your mobile device. 2. Go to the cryptocurrency you want to set a stop loss order for. 3. Tap on the 'Trade' button. 4. On the trade screen, you'll see an option to set a stop loss order. Tap on it. 5. Enter the stop price at which you want your order to be triggered. 6. Choose the quantity of the cryptocurrency you want to sell. 7. Review the order details and tap on 'Review' to proceed. 8. Finally, tap on 'Place Order' to set the stop loss order. That's it! Your stop loss order will be active and will trigger a sell order if the price of the cryptocurrency reaches or falls below your specified stop price.
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• irfal nasutionMay 09, 2023 · 2 years ago
  Setting a stop loss order on Robinhood for cryptocurrencies is super easy! Just follow these steps: 1. Launch the Robinhood app on your phone. 2. Find the cryptocurrency you want to set a stop loss order for. 3. Tap on the 'Trade' button. 4. Look for the option to set a stop loss order and tap on it. 5. Enter the stop price and the quantity of the cryptocurrency you want to sell. 6. Review the order details and tap on 'Review' to proceed. 7. Finally, tap on 'Place Order' to set the stop loss order. That's all there is to it! Your stop loss order will be in effect and will automatically execute if the price of the cryptocurrency reaches or goes below your specified stop price.
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• Lyng WeaverMar 15, 2024 · a year ago
  To set a stop loss order on Robinhood for cryptocurrencies, you can follow these steps: 1. Open the Robinhood app on your mobile device. 2. Navigate to the cryptocurrency you want to set a stop loss order for. 3. Tap on the 'Trade' button. 4. Look for the option to set a stop loss order and tap on it. 5. Enter the stop price and the quantity of the cryptocurrency you want to sell. 6. Review the order details and tap on 'Review' to proceed. 7. Finally, tap on 'Place Order' to set the stop loss order. That's it! Your stop loss order will be active and will trigger a sell order if the price of the cryptocurrency reaches or falls below your specified stop price. Please note that this process may vary slightly depending on the version of the Robinhood app you are using.
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