How does the stop price function work on Robinhood for digital currencies?

3 answers

• AK Fire GamingApr 21, 2022 · 3 years ago
  The stop price function on Robinhood for digital currencies allows you to set a specific price at which you want to buy or sell a digital currency. When the market price reaches or surpasses your stop price, Robinhood will automatically execute the buy or sell order. This feature is useful for managing your investments and taking advantage of price movements without constantly monitoring the market. It's important to note that the stop price function is not a guaranteed execution price, as the actual execution price may differ due to market fluctuations and order book liquidity.
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• Joseph ReidJul 06, 2021 · 4 years ago
  The stop price function on Robinhood for digital currencies is a powerful tool that can help you manage your investments. It allows you to set a price at which you want to buy or sell a digital currency, and when the market price reaches or surpasses your stop price, Robinhood will automatically execute the order. This feature is especially useful for traders who want to take advantage of price movements without constantly monitoring the market. However, it's important to note that the stop price function does not guarantee a specific execution price, as the actual execution price may vary due to market conditions.
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• Stephanie FortneyJul 06, 2022 · 3 years ago
  The stop price function on Robinhood for digital currencies is a great way to automate your trading strategy. You can set a stop price, which is the price at which you want to buy or sell a digital currency, and when the market price reaches or surpasses your stop price, Robinhood will execute the order for you. This feature is particularly useful for traders who want to limit their losses or lock in profits. However, it's important to keep in mind that the stop price function does not guarantee a specific execution price, so there may be some slippage between the stop price and the actual execution price.
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