What are the steps to put a stop loss on Robinhood when trading digital currencies?

1 answers

• May 06, 2022 · 3 years ago
  Certainly! Here's a step-by-step guide to putting a stop loss on Robinhood when trading digital currencies: 1. Launch the Robinhood app on your smartphone. 2. Locate the digital currency you wish to trade. 3. Tap on the 'Trade' button. 4. Opt for the 'Sell' option. 5. Choose 'Stop Loss' as the order type. 6. Enter the stop price at which you want the order to be triggered. 7. Specify the quantity of digital currency you want to sell. 8. Review the order details and tap on 'Review' to proceed. 9. Confirm the order by tapping on 'Place Order'. That's it! Your stop loss order will be placed on Robinhood for the selected digital currency. Please bear in mind that the execution of the order may be subject to market conditions and liquidity. I hope this helps! If you have any more questions, feel free to ask.
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