Quote from: Golftech on Today at 05:46:38 PM

Quote from: Kupid002 on July 18, 2020, 11:15:18 AM

Quote from: Houdini76 on July 16, 2020, 08:23:12 PM

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?

yes you can stop lost in coinbase here is the guide I found https://help.coinbase.com/en/pro/trading-and-funding/orders/overview-of-order-types-and-settings-stop-limit-market just read every thing so you will understand how it works . I hope it helps.

Great, this will help not only OP but everyone who also have same question in regards to this particular exchange, stop loss most of the time
helps traders to position their target amount.

Knowing much deeper into trading helps you to easily use and take benefits from this available tools. as long as you review the sentiments
of the market you'll be able to anticipate and configure your system.

It is indeed helpful because you do put up limits on how much loss you would able to take on a specific trade which would really be a nice tool to have specially when you are daytrading and same as others said when you are aiming for long terms swings then this is somewhat not really much preferable to use because few percentage set of your stop loss can easily be hit up on a single swing of price volatility.
I do know that most platforms do have this kind of feature because this had been commonly used by most traders or they do seek of.