How can I set up a stop loss order on GDAX to protect my cryptocurrency investments?

1 answers

• Dec 28, 2021 · 3 years ago
  Hey there! Looking to protect your cryptocurrency investments on GDAX? Setting up a stop loss order is a smart move. Here's how you can do it: 1. Login to your GDAX account. 2. Head over to the trading page. 3. Choose the cryptocurrency you want to set the stop loss order for. 4. Click on the 'Stop' tab. 5. Enter the stop price - the price at which you want the order to be triggered. 6. Specify the amount of cryptocurrency you want to sell when the stop price is reached. 7. Hit the 'Sell' button and you're good to go! Remember, setting a stop loss order can help protect your investments by automatically selling them if the price drops. It's like having a safety net for your crypto portfolio! 😊
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