How can I set up a stop loss order on Coinbase Pro?
Student WangDec 26, 2021 · 3 years ago3 answers
I'm new to Coinbase Pro and I want to know how to set up a stop loss order. Can you guide me through the process step by step?
3 answers
- Dec 26, 2021 · 3 years agoSure! Setting up a stop loss order on Coinbase Pro is quite simple. Here's how you can do it: 1. Log in to your Coinbase Pro account. 2. Go to the trading page and select the trading pair you want to place the stop loss order for. 3. Click on the 'Stop' tab. 4. Enter the stop price at which you want your order to be triggered. 5. Specify the amount of cryptocurrency you want to sell when the stop price is reached. 6. Review the details and click on the 'Place Sell Order' button. That's it! Your stop loss order will be placed and will be triggered if the price reaches your specified stop price.
- Dec 26, 2021 · 3 years agoNo worries! To set up a stop loss order on Coinbase Pro, follow these steps: 1. Login to your Coinbase Pro account. 2. Navigate to the trading page and select the trading pair you wish to set the stop loss order for. 3. Click on the 'Stop' tab. 4. Enter the stop price at which you want the order to be triggered. 5. Specify the amount of cryptocurrency you want to sell when the stop price is reached. 6. Double-check the details and click on the 'Place Sell Order' button. That's it! Your stop loss order will be set up and will be executed if the price reaches the specified stop price.
- Dec 26, 2021 · 3 years agoAbsolutely! Here's a step-by-step guide to setting up a stop loss order on Coinbase Pro: 1. Log in to your Coinbase Pro account. 2. Navigate to the trading page and select the trading pair you want to set the stop loss order for. 3. Click on the 'Stop' tab. 4. Enter the stop price at which you want your order to be triggered. 5. Specify the amount of cryptocurrency you want to sell when the stop price is reached. 6. Review the order details and click on the 'Place Sell Order' button. That's it! Your stop loss order will be set up and will be activated if the price reaches the specified stop price. If you have any further questions, feel free to ask!
Related Tags
Hot Questions
- 96
What are the best practices for reporting cryptocurrency on my taxes?
- 61
How does cryptocurrency affect my tax return?
- 58
What is the future of blockchain technology?
- 54
What are the tax implications of using cryptocurrency?
- 53
How can I protect my digital assets from hackers?
- 43
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
Are there any special tax rules for crypto investors?
- 29
What are the best digital currencies to invest in right now?