What is the proper way to set a stop loss on Coinbase for cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  Setting a stop loss on Coinbase is a crucial step to protect your investments. Here's how you can do it: 1. Log in to your Coinbase account and navigate to the 'Trade' tab. 2. Select the cryptocurrency you want to set a stop loss for. 3. Click on the 'Sell' button. 4. Enter the amount of cryptocurrency you want to sell. 5. Below the 'Amount' field, you'll find the 'Stop' field. Enter the stop price at which you want your order to be triggered. 6. Choose the order type as 'Stop'. 7. Review your order details and click on the 'Sell' button to confirm. Remember to set a stop loss level that aligns with your risk tolerance and trading strategy.
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• Dec 26, 2021 · 3 years ago
  Hey there! Setting a stop loss on Coinbase is super easy. Just follow these steps: 1. Log in to your Coinbase account. 2. Go to the 'Trade' tab. 3. Select the cryptocurrency you want to set a stop loss for. 4. Click on the 'Sell' button. 5. Enter the amount of cryptocurrency you want to sell. 6. Below the 'Amount' field, you'll see the 'Stop' field. Enter the stop price at which you want your order to be triggered. 7. Choose the order type as 'Stop'. 8. Review your order details and click on the 'Sell' button to confirm. That's it! Your stop loss order is now set.
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• Dec 26, 2021 · 3 years ago
  When it comes to setting a stop loss on Coinbase for cryptocurrencies, it's important to have a clear understanding of your risk tolerance and trading strategy. Here's a step-by-step guide: 1. Log in to your Coinbase account. 2. Navigate to the 'Trade' tab. 3. Choose the cryptocurrency you want to set a stop loss for. 4. Click on the 'Sell' button. 5. Enter the amount of cryptocurrency you want to sell. 6. In the 'Stop' field below the 'Amount' field, enter the stop price at which you want your order to be triggered. 7. Select the order type as 'Stop'. 8. Review your order details and click on the 'Sell' button to confirm. Remember, setting a stop loss can help protect your investments from significant losses in volatile markets.
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