How can I set a stop loss on Coinbase Pro?

5 answers

• OSAMA WAHANFeb 04, 2024 · 2 years ago
  Sure! Setting a stop loss order on Coinbase Pro is quite simple. First, log in to your Coinbase Pro account. Then, navigate to the trading page and select the trading pair you want to place the stop loss order for. On the order form, you'll find an option to select 'Stop' as the order type. Enter the stop price at which you want the order to trigger, as well as the amount of the cryptocurrency you want to sell. Finally, click on the 'Place Order' button to submit your stop loss order.
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• Mohammedumer MohdumetFeb 07, 2021 · 5 years ago
  To set a stop loss on Coinbase Pro, follow these steps: 1. Log in to your Coinbase Pro account. 2. Go to the trading page and select the trading pair you want to trade. 3. On the order form, choose 'Stop' as the order type. 4. Enter the stop price and the amount of cryptocurrency you want to sell. 5. Click on the 'Place Order' button to submit your stop loss order. That's it! Your stop loss order will be placed and executed when the market reaches your specified stop price.
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• AndreasfAug 04, 2022 · 3 years ago
  Setting a stop loss order on Coinbase Pro is a crucial risk management strategy. To do so, you need to follow these steps: 1. Log in to your Coinbase Pro account. 2. Choose the trading pair you want to set the stop loss for. 3. On the order form, select 'Stop' as the order type. 4. Specify the stop price at which you want your order to trigger. 5. Enter the amount of cryptocurrency you want to sell. 6. Finally, click on the 'Place Order' button to submit your stop loss order. Remember, setting a stop loss helps protect your investment from significant losses in case the market moves against you.
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• Ellegaard BryantJul 13, 2021 · 4 years ago
  Setting a stop loss order on Coinbase Pro is a breeze. Just follow these steps: 1. Log in to your Coinbase Pro account. 2. Choose the trading pair you want to place the stop loss order for. 3. On the order form, select 'Stop' as the order type. 4. Enter the stop price and the amount of cryptocurrency you want to sell. 5. Click on the 'Place Order' button to submit your stop loss order. That's it! Coinbase Pro will take care of the rest and execute your order when the market reaches your specified stop price.
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• Aagam ShahJul 01, 2021 · 4 years ago
  BYDFi is a great platform that offers a wide range of features, including the ability to set stop loss orders. To set a stop loss on BYDFi, log in to your account and follow these steps: 1. Go to the trading page and select the trading pair you want to trade. 2. On the order form, choose 'Stop' as the order type. 3. Enter the stop price and the amount of cryptocurrency you want to sell. 4. Click on the 'Place Order' button to submit your stop loss order. BYDFi will handle the rest and execute your order when the market reaches your specified stop price.
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