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Can I set multiple stop losses on Coinbase?

avatarPoppy ChiropracticDec 25, 2021 · 3 years ago3 answers

Is it possible to set multiple stop losses on the Coinbase platform? I want to have more than one stop loss order in place to protect my investments. Can Coinbase accommodate this feature?

Can I set multiple stop losses on Coinbase?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, you can set multiple stop losses on Coinbase. To do this, you need to create separate stop loss orders for each desired price level. This allows you to have multiple layers of protection for your investments. Just make sure to set the appropriate trigger prices and quantities for each stop loss order.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, Coinbase does not currently support the ability to set multiple stop losses. You can only have one stop loss order active at a time. If you want to have multiple layers of protection, you may need to consider using a different trading platform that offers this feature.
  • avatarDec 25, 2021 · 3 years ago
    Yes, you can set multiple stop losses on Coinbase. However, it's important to note that this feature is only available for advanced users. To access it, you need to enable the 'Advanced Trading' mode in your account settings. Once enabled, you can create multiple stop loss orders and customize them according to your preferences. Keep in mind that setting multiple stop losses can help you manage risk more effectively, but it also requires careful monitoring and adjustment as market conditions change.