Post
Topic
Board Trading Discussion
Re: Stop loss after buying coin
by
Everglow
on 19/07/2020, 20:33:48 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?
Yes, use stop limit order every time you place an order. But some exchanges don't have that function, so you need to put an alert on tradingview some similar app, to close your order manualy. Manage your risk carefully.