How can I set a stop order on Robinhood for buying or selling cryptocurrencies?

3 answers

• Jeremy CipolloneApr 17, 2023 · 2 years ago
  Sure, here's how you can set a stop order on Robinhood for buying or selling cryptocurrencies: 1. Open the Robinhood app on your mobile device. 2. Navigate to the cryptocurrency you want to trade. 3. Tap on the 'Trade' button. 4. Select 'Buy' or 'Sell' depending on your intention. 5. Enter the desired amount of cryptocurrency you want to buy or sell. 6. Tap on the 'Order Types' option. 7. Choose 'Stop' from the available order types. 8. Set the stop price at which you want the order to be triggered. 9. Review the order details and tap on 'Review' to proceed. 10. Confirm the order by tapping on 'Place Order'. That's it! Your stop order on Robinhood for buying or selling cryptocurrencies is now set. Keep in mind that stop orders are executed when the market price reaches or surpasses the stop price you set.
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• EftyMarMay 12, 2024 · a year ago
  Setting a stop order on Robinhood for buying or selling cryptocurrencies is easy. Just follow these steps: 1. Open the Robinhood app. 2. Go to the cryptocurrency you want to trade. 3. Tap on the 'Trade' button. 4. Choose 'Buy' or 'Sell' depending on your preference. 5. Enter the amount of cryptocurrency you want to buy or sell. 6. Select 'Stop' as the order type. 7. Set the stop price at which you want the order to be triggered. 8. Review the order details and tap on 'Review' to proceed. 9. Confirm the order by tapping on 'Place Order'. That's it! Your stop order is now set on Robinhood for buying or selling cryptocurrencies.
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• Kaviyarasu E MechJun 05, 2022 · 3 years ago
  To set a stop order on Robinhood for buying or selling cryptocurrencies, follow these steps: 1. Open the Robinhood app on your mobile device. 2. Find the cryptocurrency you want to trade. 3. Tap on the 'Trade' button. 4. Select 'Buy' or 'Sell' depending on your desired action. 5. Enter the quantity of cryptocurrency you want to buy or sell. 6. Choose 'Stop' as the order type. 7. Set the stop price at which you want the order to be triggered. 8. Review the order details and tap on 'Review' to proceed. 9. Confirm the order by tapping on 'Place Order'. That's it! Your stop order on Robinhood for buying or selling cryptocurrencies is now set and will be executed when the market price reaches or surpasses the stop price you specified.
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