Is it possible to use Robinhood to set up a stop loss order for my Bitcoin investments?

1 answers

• Dec 15, 2021 · 3 years ago
  Yes, you can use Robinhood to set up a stop loss order for your Bitcoin investments. Robinhood offers a feature called 'Stop Limit' order, which allows you to set a specific price at which you want to sell your Bitcoin if the price drops below that level. This can be a useful tool for managing risk and protecting your investment in Bitcoin. To set up a stop loss order on Robinhood, you need to go to the 'Trade' section, select 'Sell', and then choose 'Stop Limit' order type. From there, you can set the stop price and the limit price to define your stop loss order for Bitcoin. Keep in mind that stop loss orders are not guaranteed to execute at the specified price, especially in volatile markets.
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