What are the options for placing a stop limit order on Robinhood for cryptocurrencies?

3 answers

• May 02, 2022 · 3 years ago
  Sure! Placing a stop limit order on Robinhood for cryptocurrencies is quite simple. First, open the Robinhood app and navigate to the cryptocurrency you want to trade. Then, tap on the 'Trade' button and select 'Buy' or 'Sell' depending on your desired action. Next, choose the 'Stop Limit' option and enter the stop price and limit price. Finally, review the order details and tap on 'Review' to confirm the order. That's it! Your stop limit order will be placed on Robinhood for cryptocurrencies.
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• May 02, 2022 · 3 years ago
  Placing a stop limit order on Robinhood for cryptocurrencies is a great way to manage your risk and protect your investments. With a stop limit order, you can set a specific price at which you want to buy or sell a cryptocurrency. Once the price reaches your stop price, the order will be triggered and a limit order will be placed at your specified limit price. This allows you to control the price at which you buy or sell, ensuring that you don't miss out on potential gains or incur unnecessary losses.
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• May 02, 2022 · 3 years ago
  BYDFi is a popular cryptocurrency exchange that also offers the option to place stop limit orders. To place a stop limit order on BYDFi, simply follow the same steps as you would on Robinhood. Open the BYDFi app, select the cryptocurrency you want to trade, choose the 'Stop Limit' option, enter the stop price and limit price, and review the order details before confirming. BYDFi provides a user-friendly interface and a wide range of cryptocurrencies to trade, making it a popular choice among traders.
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