Are there any specific steps to follow when setting a stop loss on Robinhood mobile for crypto trading?

3 answers

• Nov 30, 2021 · 3 years ago
  Sure! Here's a step-by-step guide to setting a stop loss order on the Robinhood mobile app for crypto trading: 1. Open the Robinhood app on your mobile device and log in to your account. 2. Navigate to the 'Trade' tab at the bottom of the screen. 3. Search for the cryptocurrency you want to trade and select it. 4. Tap on the 'Buy' or 'Sell' button, depending on whether you want to set a stop loss for a long or short position. 5. Enter the quantity of the cryptocurrency you want to trade. 6. Tap on the 'Order Types' button and select 'Stop Loss'. 7. Enter the stop price at which you want the order to be triggered. 8. Set the 'Limit Price' if you want to specify the minimum price at which the order should be executed. 9. Review the order details and tap on the 'Review' button. 10. Finally, tap on the 'Place Order' button to submit your stop loss order. That's it! Your stop loss order will be active once it's placed and will automatically trigger if the cryptocurrency's price reaches your specified stop price.
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• Nov 30, 2021 · 3 years ago
  No worries! Setting a stop loss order on the Robinhood mobile app for crypto trading is a breeze. Just follow these simple steps: 1. Launch the Robinhood app and log in to your account. 2. Go to the 'Trade' section located at the bottom of the screen. 3. Search for the cryptocurrency you want to trade and select it. 4. Tap either the 'Buy' or 'Sell' button, depending on your trading strategy. 5. Enter the amount of cryptocurrency you wish to trade. 6. Tap the 'Order Types' button and choose 'Stop Loss'. 7. Specify the stop price at which you want the order to be triggered. 8. Optionally, set a 'Limit Price' to ensure the order executes at a minimum price. 9. Double-check the order details and tap 'Review'. 10. Finally, tap 'Place Order' to submit your stop loss order. That's it! Your stop loss order is now set and will activate if the cryptocurrency's price hits your specified stop price.
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• Nov 30, 2021 · 3 years ago
  Certainly! Here are the steps to follow when setting a stop loss on the Robinhood mobile app for crypto trading: 1. Open the Robinhood app and log in to your account. 2. Tap on the 'Trade' tab at the bottom of the screen. 3. Search for the cryptocurrency you want to trade and select it. 4. Choose whether you want to buy or sell the cryptocurrency. 5. Enter the quantity of the cryptocurrency you wish to trade. 6. Tap on the 'Order Types' button and select 'Stop Loss'. 7. Specify the stop price at which you want the order to be triggered. 8. Optionally, set a 'Limit Price' to ensure the order executes at a specific price. 9. Review the order details and tap 'Review'. 10. Finally, tap 'Place Order' to submit your stop loss order. That's it! Your stop loss order is now set and will be triggered if the cryptocurrency's price reaches your specified stop price. Please note that the steps may vary slightly depending on the version of the Robinhood app you are using.
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