How can I set a stop loss for my digital currency holdings on Robinhood?

1 answers

• NicolajJan 22, 2024 · 2 years ago
  Setting a stop loss for your digital currency holdings on Robinhood is a crucial risk management strategy. Here's how you can do it: 1. Open the Robinhood app on your mobile device. 2. Navigate to the 'Invest' tab and select the digital currency you want to set a stop loss for. 3. Tap on the 'Sell' button. 4. Choose the 'Stop Loss' option from the order type section. 5. Enter the stop price at which you want your holdings to be automatically sold. 6. Specify the quantity of digital currency 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 for your digital currency holdings. Remember, setting a stop loss helps protect your investments from significant losses. If you have any more questions, feel free to ask.
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