What is the process for canceling a limit order on Robinhood for digital assets?

Can you explain the step-by-step process for canceling a limit order on Robinhood for digital assets? I want to know how to cancel an order if the price of the asset changes or if I change my mind about the trade.

3 answers
- To cancel a limit order on Robinhood for digital assets, follow these steps: 1. Open the Robinhood app on your mobile device or visit the Robinhood website. 2. Log in to your account. 3. Navigate to the 'Trade' tab. 4. Find the limit order you want to cancel in the 'Open Orders' section. 5. Tap on the order to view its details. 6. Look for the 'Cancel Order' button and tap on it. 7. Confirm the cancellation when prompted. That's it! Your limit order will be canceled, and any funds reserved for the order will be released back into your account. Please note that canceling a limit order is only possible if the order has not been executed yet. If the order has already been filled, you won't be able to cancel it.
Mar 20, 2022 · 3 years ago
- Canceling a limit order on Robinhood for digital assets is a straightforward process. Here's what you need to do: 1. Open the Robinhood app or website. 2. Log in to your account. 3. Go to the 'Trade' section. 4. Look for the 'Open Orders' tab. 5. Find the limit order you want to cancel. 6. Click on the order to view its details. 7. Locate the 'Cancel Order' button and click on it. 8. Confirm the cancellation. That's it! Your limit order will be canceled, and any reserved funds will be returned to your account. Remember, you can only cancel a limit order if it hasn't been executed yet.
Mar 20, 2022 · 3 years ago
- Canceling a limit order on Robinhood for digital assets is a breeze. Just follow these steps: 1. Access your Robinhood account through the app or website. 2. Log in using your credentials. 3. Navigate to the 'Trade' section. 4. Look for the 'Open Orders' tab. 5. Locate the specific limit order you wish to cancel. 6. Click on the order to view its details. 7. Find the 'Cancel Order' button and click on it. 8. Confirm the cancellation when prompted. That's it! Your limit order will be canceled, and any funds reserved for the order will be released back into your account. Remember, you can only cancel a limit order if it hasn't been executed yet.
Mar 20, 2022 · 3 years ago
Related Tags
Hot Questions
- 95
How can I protect my digital assets from hackers?
- 87
What are the tax implications of using cryptocurrency?
- 85
What are the advantages of using cryptocurrency for online transactions?
- 84
What is the future of blockchain technology?
- 59
How can I minimize my tax liability when dealing with cryptocurrencies?
- 54
Are there any special tax rules for crypto investors?
- 47
What are the best practices for reporting cryptocurrency on my taxes?
- 15
How does cryptocurrency affect my tax return?