What are the steps to placing a stop loss order on KuCoin for my digital currency investments?
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Can you guide me through the process of placing a stop loss order on KuCoin for my digital currency investments? I want to ensure that I have a safety net in place to protect my investments in case the market takes a downturn.
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1 answers
- Placing a stop loss order on KuCoin is crucial for protecting your digital currency investments. Here's a step-by-step guide: 1. Log in to your KuCoin account. 2. Go to the trading page for the digital currency you want to place the stop loss order on. 3. Select the 'Stop-Limit' order type. 4. Enter the price at which you want the stop loss order to be triggered. 5. Set the 'Stop Price' to the price at which you want the stop loss order to be executed. 6. Enter the quantity of the digital currency you want to sell. 7. Click on the 'Sell' button to place the stop loss order. Remember to review all the details before finalizing the order. Happy investing!
Mar 01, 2022 · 3 years ago
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