What is the process for setting a stop loss on the Robinhood mobile app for digital currencies?

1 answers

• Dec 16, 2021 · 3 years ago
  To set a stop loss on the Robinhood mobile app for digital currencies, follow these steps. Firstly, open the app and navigate to the 'Invest' tab. Then, select the digital currency you want to set a stop loss for. Tap on the 'Buy' button and choose 'Stop Loss'. Enter the stop price, which is the price at which you want your position to be sold if the market goes down. Review the order details and confirm the stop loss. Congratulations! Your stop loss order is now active and your investment will be automatically sold if the price reaches or falls below the stop price.
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