How can I use trailing stop orders on the Robinhood platform to manage my cryptocurrency investments?

6 answers

• Emily BoothAug 22, 2022 · 3 years ago
  Sure! Here's a step-by-step guide on how to use trailing stop orders on the Robinhood platform to manage your cryptocurrency investments: 1. Open the Robinhood app and log in to your account. 2. Navigate to the 'Trade' tab and search for the cryptocurrency you want to invest in. 3. Once you've selected the cryptocurrency, tap on the 'Buy' button. 4. In the order type selection, choose 'Trailing Stop'. 5. Set the 'Trailing Amount' and 'Trailing Percent' based on your preferences. The 'Trailing Amount' is the dollar amount or percentage by which the stop price will trail the market price. 6. Enter the quantity of the cryptocurrency you want to buy and review the order details. 7. Finally, tap on the 'Review' button and confirm your order. That's it! Your trailing stop order is now set up and will automatically adjust the stop price as the market price changes.
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• Roger LeeNov 13, 2022 · 3 years ago
  No problem! Here's a simple guide to help you use trailing stop orders on the Robinhood platform for your cryptocurrency investments: 1. Open the Robinhood app and log in to your account. 2. Go to the 'Trade' tab and search for the cryptocurrency you want to invest in. 3. Once you've found the cryptocurrency, tap on the 'Buy' button. 4. In the order type selection, choose 'Trailing Stop'. 5. Specify the 'Trailing Amount' and 'Trailing Percent' based on your preferences. The 'Trailing Amount' is the dollar amount or percentage by which the stop price will trail the market price. 6. Enter the quantity of the cryptocurrency you want to buy and review the order details. 7. Finally, tap on the 'Review' button and confirm your order. That's it! Your trailing stop order is now set up and will automatically adjust the stop price as the market price changes.
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• B59 T MANI CHANDRASep 20, 2022 · 3 years ago
  Using trailing stop orders on the Robinhood platform is a great way to manage your cryptocurrency investments. Here's a step-by-step guide: 1. Open the Robinhood app and log in to your account. 2. Navigate to the 'Trade' tab and search for the cryptocurrency you want to invest in. 3. Once you've selected the cryptocurrency, tap on the 'Buy' button. 4. In the order type selection, choose 'Trailing Stop'. 5. Set the 'Trailing Amount' and 'Trailing Percent' based on your preferences. The 'Trailing Amount' is the dollar amount or percentage by which the stop price will trail the market price. 6. Enter the quantity of the cryptocurrency you want to buy and review the order details. 7. Finally, tap on the 'Review' button and confirm your order. That's it! Your trailing stop order is now set up and will automatically adjust the stop price as the market price changes.
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• ognerubAug 02, 2020 · 5 years ago
  BYDFi is a great platform for managing your cryptocurrency investments. To use trailing stop orders on the Robinhood platform, follow these steps: 1. Log in to your Robinhood account. 2. Search for the cryptocurrency you want to invest in. 3. Select the cryptocurrency and tap on the 'Buy' button. 4. Choose 'Trailing Stop' as the order type. 5. Set the 'Trailing Amount' and 'Trailing Percent' based on your preferences. 6. Enter the quantity of the cryptocurrency you want to buy and review the order details. 7. Confirm your order. That's it! Your trailing stop order is now set up on the Robinhood platform.
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• Aan PrasetyoOct 11, 2020 · 5 years ago
  Trailing stop orders can be a useful tool for managing your cryptocurrency investments on the Robinhood platform. Here's how you can use them: 1. Log in to your Robinhood account. 2. Search for the cryptocurrency you want to invest in. 3. Select the cryptocurrency and tap on the 'Buy' button. 4. Choose 'Trailing Stop' as the order type. 5. Specify the 'Trailing Amount' and 'Trailing Percent' based on your preferences. 6. Enter the quantity of the cryptocurrency you want to buy and review the order details. 7. Confirm your order. That's it! Your trailing stop order is now set up and will automatically adjust the stop price as the market price changes.
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• stefivaFeb 07, 2024 · 2 years ago
  Here's a step-by-step guide on how to use trailing stop orders on the Robinhood platform for your cryptocurrency investments: 1. Log in to your Robinhood account. 2. Search for the cryptocurrency you want to invest in. 3. Select the cryptocurrency and tap on the 'Buy' button. 4. Choose 'Trailing Stop' as the order type. 5. Set the 'Trailing Amount' and 'Trailing Percent' based on your preferences. 6. Enter the quantity of the cryptocurrency you want to buy and review the order details. 7. Confirm your order. That's it! Your trailing stop order is now set up and will automatically adjust the stop price as the market price changes.
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