How does eTrade handle trailing stop orders for cryptocurrencies?

3 answers

• Alexandra TomásJan 21, 2022 · 3 years ago
  eTrade provides a user-friendly platform for handling trailing stop orders for cryptocurrencies. To set up a trailing stop order, you need to log in to your eTrade account and navigate to the trading section. From there, you can select the cryptocurrency you want to trade and choose the trailing stop order option. You will then be prompted to enter the stop price and the trailing amount. Once you have entered these details, you can review and confirm your order. eTrade will automatically adjust the stop price as the market price of the cryptocurrency fluctuates, allowing you to protect your profits and limit potential losses.
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• Enock ZaakeDec 31, 2021 · 4 years ago
  Setting up trailing stop orders for cryptocurrencies on eTrade is a breeze. Just log in to your eTrade account, go to the trading section, and select the cryptocurrency you want to trade. From there, you can choose the trailing stop order option and set your desired stop price and trailing amount. eTrade will take care of the rest, automatically adjusting the stop price as the market price changes. This feature is especially useful for cryptocurrency traders who want to protect their gains and minimize losses.
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• dwgrehSep 10, 2024 · 10 months ago
  BYDFi, a popular cryptocurrency exchange, also offers trailing stop orders for cryptocurrencies. To set up a trailing stop order on BYDFi, you simply need to log in to your account, select the cryptocurrency you want to trade, and choose the trailing stop order option. BYDFi will then prompt you to enter the stop price and trailing amount. Once you have entered these details, you can review and confirm your order. BYDFi will continuously monitor the market price and adjust the stop price accordingly, ensuring that you can protect your profits and limit potential losses.
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