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Are there any specific steps I need to follow to set a stop loss on Robinhood for my cryptocurrency holdings?

avatarRajnikant varmaDec 16, 2021 · 3 years ago6 answers

I want to set a stop loss on Robinhood for my cryptocurrency holdings. Are there any specific steps I need to follow? Can you guide me through the process?

Are there any specific steps I need to follow to set a stop loss on Robinhood for my cryptocurrency holdings?

6 answers

  • avatarDec 16, 2021 · 3 years ago
    Setting a stop loss on Robinhood for your cryptocurrency holdings is a straightforward process. Here are the steps you need to follow: 1. Open the Robinhood app on your mobile device. 2. Navigate to the 'Invest' tab. 3. Select the cryptocurrency you want to set a stop loss for. 4. Tap on the 'Trade' button. 5. Choose 'Sell' from the options. 6. Enter the amount of cryptocurrency you want to sell. 7. Tap on the 'Advanced Options' button. 8. Enable the 'Stop Loss' option. 9. Enter the stop price at which you want the stop loss to trigger. 10. Review the details and tap on the 'Review' button. 11. Confirm the trade. That's it! Your stop loss order will be set for your cryptocurrency holdings on Robinhood.
  • avatarDec 16, 2021 · 3 years ago
    To set a stop loss on Robinhood for your cryptocurrency holdings, follow these steps: 1. Open the Robinhood app on your phone. 2. Go to the 'Invest' section. 3. Choose the cryptocurrency you want to set a stop loss for. 4. Tap on the 'Trade' button. 5. Select 'Sell'. 6. Enter the amount of cryptocurrency you want to sell. 7. Tap on 'Advanced Options'. 8. Enable the 'Stop Loss' option. 9. Set the stop price at which you want the stop loss to trigger. 10. Review the details and tap on 'Review'. 11. Confirm the trade. That's all! Your stop loss order will be set for your cryptocurrency holdings on Robinhood.
  • avatarDec 16, 2021 · 3 years ago
    Setting a stop loss on Robinhood for your cryptocurrency holdings is quite simple. Just follow these steps: 1. Open the Robinhood app on your mobile device. 2. Go to the 'Invest' tab. 3. Choose the cryptocurrency you want to set a stop loss for. 4. Tap on the 'Trade' button. 5. Select 'Sell'. 6. Enter the amount of cryptocurrency you want to sell. 7. Tap on 'Advanced Options'. 8. Enable the 'Stop Loss' option. 9. Set the stop price at which you want the stop loss to trigger. 10. Review the details and tap on 'Review'. 11. Confirm the trade. That's it! Your stop loss order will be set for your cryptocurrency holdings on Robinhood.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to setting a stop loss on Robinhood for your cryptocurrency holdings, the process is quite straightforward. Here's what you need to do: 1. Open the Robinhood app on your mobile device. 2. Navigate to the 'Invest' tab. 3. Select the cryptocurrency you want to set a stop loss for. 4. Tap on the 'Trade' button. 5. Choose 'Sell' from the options. 6. Enter the amount of cryptocurrency you want to sell. 7. Tap on the 'Advanced Options' button. 8. Enable the 'Stop Loss' option. 9. Enter the stop price at which you want the stop loss to trigger. 10. Review the details and tap on the 'Review' button. 11. Confirm the trade. That's all! Your stop loss order will be set for your cryptocurrency holdings on Robinhood.
  • avatarDec 16, 2021 · 3 years ago
    Setting a stop loss on Robinhood for your cryptocurrency holdings is a breeze. Just follow these steps: 1. Open the Robinhood app on your mobile device. 2. Go to the 'Invest' tab. 3. Choose the cryptocurrency you want to set a stop loss for. 4. Tap on the 'Trade' button. 5. Select 'Sell'. 6. Enter the amount of cryptocurrency you want to sell. 7. Tap on 'Advanced Options'. 8. Enable the 'Stop Loss' option. 9. Set the stop price at which you want the stop loss to trigger. 10. Review the details and tap on 'Review'. 11. Confirm the trade. That's it! Your stop loss order will be set for your cryptocurrency holdings on Robinhood.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi is a great platform for setting stop losses on your cryptocurrency holdings. However, if you're using Robinhood, the process is slightly different. Here's what you need to do: 1. Open the Robinhood app on your mobile device. 2. Go to the 'Invest' tab. 3. Choose the cryptocurrency you want to set a stop loss for. 4. Tap on the 'Trade' button. 5. Select 'Sell'. 6. Enter the amount of cryptocurrency you want to sell. 7. Tap on 'Advanced Options'. 8. Enable the 'Stop Loss' option. 9. Set the stop price at which you want the stop loss to trigger. 10. Review the details and tap on 'Review'. 11. Confirm the trade. That's it! Your stop loss order will be set for your cryptocurrency holdings on Robinhood.