How can I set up a trailing stop loss order for my crypto investments?

3 answers

• SIDESH S AI-DSAug 21, 2021 · 4 years ago
  Setting up a trailing stop loss order for your crypto investments is a smart move to protect your profits and limit your losses. Here's how you can do it: 1. Choose a reliable cryptocurrency exchange that offers trailing stop loss orders. 2. Log in to your account and navigate to the trading platform. 3. Select the cryptocurrency you want to set up the trailing stop loss order for. 4. Set the trigger price, which is the price at which the stop loss order will be activated. 5. Set the trailing stop percentage, which determines how much the stop price will trail behind the current market price. 6. Review the order details and confirm the setup. Remember to regularly monitor your investments and adjust the trailing stop loss order as needed to maximize your profits.
  775

  388
• osamhOct 27, 2023 · 2 years ago
  If you're using a popular cryptocurrency exchange like Binance, setting up a trailing stop loss order is quite simple. Just follow these steps: 1. Log in to your Binance account and go to the trading platform. 2. Select the cryptocurrency you want to set up the trailing stop loss order for. 3. Click on the 'Stop-Limit' tab. 4. Set the stop price, which is the trigger price for the stop loss order. 5. Set the limit price, which is the price at which the stop loss order will be executed. 6. Set the trailing stop percentage. 7. Review the order details and confirm the setup. That's it! Your trailing stop loss order is now set up and will automatically adjust as the market price changes.
  694

  232
• Jalla LikithaJul 14, 2023 · 3 years ago
  To set up a trailing stop loss order for your crypto investments, you can use the BYDFi platform. Here's how: 1. Sign in to your BYDFi account and go to the trading section. 2. Choose the cryptocurrency you want to set up the trailing stop loss order for. 3. Set the trigger price and trailing stop percentage. 4. Review the order details and confirm the setup. With BYDFi, you can easily manage your crypto investments and take advantage of advanced trading features like trailing stop loss orders.
  501

  126