How to set a stop loss on Robinhood for cryptocurrency trading?

7 answers

• Keegan McBrideNov 13, 2024 · 9 months ago
  Setting a stop loss on Robinhood for cryptocurrency trading is a crucial step in managing your investments. Here's how you can do it: 1. Open the Robinhood app and navigate to the cryptocurrency you want to set a stop loss for. 2. Tap on the 'Trade' button and select 'Sell'. 3. Choose the 'Stop Loss' option. 4. Enter the stop price at which you want your cryptocurrency to be sold. 5. Set the 'Trigger' to 'Last Price' or 'Mark Price'. 6. Specify the quantity of cryptocurrency you want to sell. 7. Review the details and confirm the order. By setting a stop loss, you can limit your potential losses and protect your investments in case the market moves against you.
  671

  336
• NASHRULLAH KHANFeb 17, 2024 · 2 years ago
  Hey there! If you're wondering how to set a stop loss on Robinhood for cryptocurrency trading, I've got you covered! Just follow these steps: 1. Open the Robinhood app on your phone. 2. Find the cryptocurrency you want to set a stop loss for. 3. Tap on the 'Trade' button and select 'Sell'. 4. Look for the 'Stop Loss' option and tap on it. 5. Enter the price at which you want your cryptocurrency to be sold. 6. Choose whether you want the stop loss to be triggered by the 'Last Price' or 'Mark Price'. 7. Specify the quantity of cryptocurrency you want to sell. 8. Double-check everything and hit the 'Confirm' button. That's it! Your stop loss order is now set, and you can have peace of mind knowing that your investments are protected.
  742

  248
• Barbara-BahbiApr 03, 2023 · 2 years ago
  Setting a stop loss on Robinhood for cryptocurrency trading is quite simple. Just follow these steps: 1. Open the Robinhood app and find the cryptocurrency you want to set a stop loss for. 2. Tap on the 'Trade' button and select 'Sell'. 3. Look for the 'Stop Loss' option and tap on it. 4. Enter the stop price at which you want your cryptocurrency to be sold. 5. Choose whether you want the stop loss to be triggered by the 'Last Price' or 'Mark Price'. 6. Specify the quantity of cryptocurrency you want to sell. 7. Review the details and confirm the order. Remember, setting a stop loss can help protect your investments from significant losses in case the market takes a downturn.
  686

  172
• McProJun 08, 2023 · 2 years ago
  Setting a stop loss on Robinhood for cryptocurrency trading is a breeze! Here's how you can do it: 1. Open the Robinhood app on your smartphone. 2. Find the cryptocurrency you want to set a stop loss for. 3. Tap on the 'Trade' button and select 'Sell'. 4. Look for the 'Stop Loss' option and tap on it. 5. Enter the price at which you want your cryptocurrency to be sold. 6. Choose whether you want the stop loss to be triggered by the 'Last Price' or 'Mark Price'. 7. Specify the quantity of cryptocurrency you want to sell. 8. Double-check everything and confirm the order. That's it! Your stop loss order is now in place, and you can trade with confidence.
  661

  133
• Luiz FelipeDec 05, 2023 · 2 years ago
  Setting a stop loss on Robinhood for cryptocurrency trading is an essential risk management strategy. Here's how you can do it: 1. Open the Robinhood app and locate the cryptocurrency you want to set a stop loss for. 2. Tap on the 'Trade' button and select 'Sell'. 3. Find the 'Stop Loss' option and click on it. 4. Enter the stop price at which you want your cryptocurrency to be sold. 5. Choose whether you want the stop loss to be triggered by the 'Last Price' or 'Mark Price'. 6. Specify the quantity of cryptocurrency you want to sell. 7. Review the details and confirm the order. By setting a stop loss, you can protect your investments and limit potential losses in volatile cryptocurrency markets.
  707

  118
• Raghavendra jayateerthJul 23, 2021 · 4 years ago
  Setting a stop loss on Robinhood for cryptocurrency trading is a piece of cake! Just follow these steps: 1. Open the Robinhood app on your phone. 2. Locate the cryptocurrency you want to set a stop loss for. 3. Tap on the 'Trade' button and select 'Sell'. 4. Look for the 'Stop Loss' option and tap on it. 5. Enter the price at which you want your cryptocurrency to be sold. 6. Choose whether you want the stop loss to be triggered by the 'Last Price' or 'Mark Price'. 7. Specify the quantity of cryptocurrency you want to sell. 8. Double-check everything and confirm the order. That's it! Your stop loss order is now set, and you can trade with confidence.
  659

  95
• Murodjon XamidovMay 04, 2023 · 2 years ago
  Setting a stop loss on Robinhood for cryptocurrency trading is a straightforward process. Here's how you can do it: 1. Open the Robinhood app and find the cryptocurrency you want to set a stop loss for. 2. Tap on the 'Trade' button and select 'Sell'. 3. Look for the 'Stop Loss' option and tap on it. 4. Enter the stop price at which you want your cryptocurrency to be sold. 5. Choose whether you want the stop loss to be triggered by the 'Last Price' or 'Mark Price'. 6. Specify the quantity of cryptocurrency you want to sell. 7. Review the details and confirm the order. By setting a stop loss, you can protect your investments and minimize potential losses in case the market turns against you.
  700

  88