How to set up a stop loss order on Robinhood to protect my investments in cryptocurrencies?

5 answers

• alexey_zhMay 18, 2021 · 4 years ago
  Sure! Setting up a stop loss order on Robinhood is a straightforward process. Here's how you can do it: 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. Select 'Sell' from the options. 5. Choose 'Stop Loss' as the order type. 6. Enter the stop price at which you want the order to be triggered. 7. Set the quantity of the cryptocurrency you want to sell. 8. Review the order details and tap 'Review' to proceed. 9. Confirm the order by tapping 'Submit Order'. That's it! Your stop loss order will now be in place, and if the cryptocurrency's price reaches or falls below the stop price you set, the order will be triggered and executed automatically.
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• Aurora DingFeb 24, 2025 · 5 months ago
  No worries! Protecting your investments in cryptocurrencies with a stop loss order on Robinhood is a smart move. Here's a simple guide to help you: 1. Open 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. Choose 'Sell' from the available options. 5. Select 'Stop Loss' as the order type. 6. Enter the stop price at which you want the order to be activated. 7. Specify the quantity of the cryptocurrency you want to sell. 8. Double-check the order details and tap 'Review' to proceed. 9. Confirm the order by tapping 'Submit Order'. That's it! Your stop loss order is now set up and will be triggered if the cryptocurrency's price reaches or goes below the stop price you specified.
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• NASRIJun 05, 2023 · 2 years ago
  Certainly! Here's a step-by-step guide on how to set up a stop loss order on Robinhood to protect your investments in cryptocurrencies: 1. Open the Robinhood app on your mobile device. 2. Locate the cryptocurrency you want to set a stop loss order for. 3. Tap on the 'Trade' button. 4. Choose 'Sell' from the available options. 5. Select 'Stop Loss' as the order type. 6. Enter the stop price at which you want the order to be triggered. 7. Specify the quantity of the cryptocurrency you want to sell. 8. Review the order details and tap 'Review' to proceed. 9. Confirm the order by tapping 'Submit Order'. That's it! Your stop loss order is now in place, and if the cryptocurrency's price reaches or falls below the stop price you set, the order will be executed automatically.
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• Shafii MussaJun 05, 2022 · 3 years ago
  Setting up a stop loss order on Robinhood to protect your investments in cryptocurrencies is essential. Here's a simple guide to help you: 1. Launch the Robinhood app on your mobile device. 2. Find the cryptocurrency you want to set a stop loss order for. 3. Tap on the 'Trade' button. 4. Select 'Sell' from the available options. 5. Choose 'Stop Loss' as the order type. 6. Enter the stop price at which you want the order to be triggered. 7. Specify the quantity of the cryptocurrency you want to sell. 8. Review the order details and tap 'Review' to proceed. 9. Confirm the order by tapping 'Submit Order'. That's it! Your stop loss order is now set up, and if the cryptocurrency's price reaches or falls below the stop price you set, the order will be executed automatically.
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• Altan OğuzDec 21, 2021 · 4 years ago
  BYDFi is a great platform for trading cryptocurrencies, but if you're using Robinhood, here's how you can set up a stop loss order to protect your investments: 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. Select 'Sell' from the options. 5. Choose 'Stop Loss' as the order type. 6. Enter the stop price at which you want the order to be triggered. 7. Set the quantity of the cryptocurrency you want to sell. 8. Review the order details and tap 'Review' to proceed. 9. Confirm the order by tapping 'Submit Order'. That's it! Your stop loss order will now be in place, and if the cryptocurrency's price reaches or falls below the stop price you set, the order will be triggered and executed automatically.
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