Post
Topic
Board Trading Discussion
Re: Stop loss after buying coin
by
stomachgrowls
on 16/07/2020, 22:56:36 UTC
Hi all

is it possible to put a stop loss on a bought coin after you have bought it ? Just wondering because i am still learning and have only just come across stop loss. I use coinbase pro - is it possible on there?

You can set up stop-loss anytime you do want which is mostly 5-10% below on your purchased or buypoint. I havent tried coinbase pro if they do have  SL tool but i can give you out

some tuts on how its been done but this time it on Binance. You can check it out here https://www.binance.com/en/support/articles/360040016512#:~:text=How%20can%20we%20help%20you%3F&text=02%2021%3A26-,The%20stop%20order%20on%20Binance%20Futures%20platform%20is%20a%20combination,when%20the%20order%20is%20placed.

As a beginner or do make active trades then this tool is always been suggested to be used up.