How does Robinhood handle trailing stop loss orders for cryptocurrencies?

1 answers

• sammyAug 28, 2024 · a year ago
  At BYDFi, we also offer trailing stop loss orders for cryptocurrencies. Our platform allows users to set up trailing stop loss orders with customizable parameters, similar to Robinhood. Trailing stop loss orders can be a valuable tool for managing risk and protecting profits in the volatile cryptocurrency market. However, it's important to note that trailing stop loss orders are not guaranteed to execute at the desired price, especially during periods of high market volatility or low liquidity. It's always advisable to monitor your orders closely and make adjustments as needed to align with your investment goals and risk tolerance.
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