What are the steps to enable a stop loss feature on Robinhood for trading digital currencies?

3 answers

• Crazy GhostOct 25, 2022 · 3 years ago
  Sure! Here's a step-by-step guide on how to enable the stop loss feature on Robinhood for trading digital currencies: 1. Open the Robinhood app on your mobile device. 2. Navigate to the trading screen and select the digital currency you want to trade. 3. Tap on the 'Sell' button to initiate a sell order. 4. In the order details, you'll find an option to set a stop loss price. 5. Enter the desired stop loss price for your trade. 6. Review the order details and tap on the 'Place Order' button to confirm. That's it! Your stop loss order is now enabled for trading digital currencies on Robinhood. This feature will automatically sell your digital currency if the price drops to or below the stop loss price you set, helping you limit potential losses.
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• Lafuente Keziah IanOct 01, 2024 · a year ago
  No problem! Enabling the stop loss feature on Robinhood for trading digital currencies is easy. Just follow these steps: 1. Open the Robinhood app on your phone. 2. Go to the trading screen and select the digital currency you want to trade. 3. Tap on the 'Sell' button to start a sell order. 4. Look for the option to set a stop loss price in the order details. 5. Enter the stop loss price you want to use. 6. Double-check the order details and tap 'Place Order' to confirm. That's it! Your stop loss feature is now active for trading digital currencies on Robinhood. It will automatically sell your digital currency if the price falls to or below the stop loss price you set, helping you protect your investment.
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• Abdullah ImtiazApr 05, 2021 · 4 years ago
  Certainly! Here's a step-by-step guide to enable the stop loss feature on Robinhood for trading digital currencies: 1. Launch the Robinhood app on your mobile device. 2. Access the trading section and choose the digital currency you wish to trade. 3. Tap on the 'Sell' button to initiate a sell order. 4. Within the order details, you'll find an option to set a stop loss price. 5. Input your desired stop loss price for the trade. 6. Review the order details and tap on the 'Place Order' button to confirm. That's it! The stop loss feature is now enabled for trading digital currencies on Robinhood. It will automatically sell your digital currency if the price reaches or falls below the stop loss price you set, allowing you to manage your risk effectively.
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