What are the steps to set a stop loss on Robinhood when trading digital currencies?

3 answers

• Annie H.Aug 20, 2023 · 2 years ago
  Sure! Setting a stop loss on Robinhood when trading digital currencies is a simple process. Here are the steps: 1. Open the Robinhood app on your mobile device. 2. Navigate to the 'Invest' tab. 3. Search for the digital currency you want to trade. 4. Tap on the currency to open its trading page. 5. On the trading page, you will find the option to set a stop loss. 6. Enter the desired stop loss price. 7. Review the details and confirm the stop loss order. That's it! Your stop loss order will be placed and executed if the price reaches the specified level. I hope this helps! If you have any further questions, feel free to ask.
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• Cedric DelmasMar 14, 2023 · 2 years ago
  No problem! To set a stop loss on Robinhood when trading digital currencies, follow these steps: 1. Launch the Robinhood app on your smartphone. 2. Go to the 'Invest' section. 3. Look for the specific digital currency you want to trade. 4. Tap on the currency to access its trading page. 5. Locate the option to set a stop loss. 6. Enter the desired stop loss price. 7. Double-check the details and confirm the stop loss order. That's it! Your stop loss will be in effect, protecting your investment if the price drops to the specified level. I hope this explanation is helpful! Let me know if you have any other questions.
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• Brahim MadmoumMay 14, 2023 · 2 years ago
  Certainly! Here's a step-by-step guide to setting a stop loss on Robinhood when trading digital currencies: 1. Open the Robinhood app on your mobile device. 2. Tap on the 'Invest' tab. 3. Search for the digital currency you wish to trade. 4. Select the currency to access its trading page. 5. Look for the option to set a stop loss. 6. Enter the stop loss price you desire. 7. Review the details and confirm the stop loss order. That's it! Your stop loss will be active, protecting your investment if the price reaches the specified level. I hope this helps! If you have any more questions, feel free to ask.
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