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Trading Discussion
Re: Stop loss after buying coin
by
DoublerHunter
on
19/07/2020, 22:17:48 UTC
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?
^ There is a blog post from Coinbase pro on how to stop-loss and limit orders,
https://help.coinbase.com/en/pro/trading-and-funding/orders/overview-of-order-types-and-settings-stop-limit-market
. But this is very crucial if you are a newbie that did not understand. First, you need to understand and how to execute this in the Coinbase pro in the market. Nevertheless, I wonder why you choose this Coinbase for your trading, there are too many good exchanges out there, like Binance and Poloniex they had a stop-loss learning webpage.
https://support.poloniex.com/hc/en-us/articles/360040029993-Stop-Limit-Orders-Explained
https://academy.binance.com/tutorials/what-is-a-stop-limit-order