Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: How Do You Get Out Of A Trade in Coinbase?
by
SquirrelJulietGarden
on 15/06/2023, 05:01:54 UTC
⭐ Merited by vapourminer (1)
1. I buy Bitcoin using the PC Coinbase platform.
2. It goes up and I want to get out of the trade to make a profit.
3. The trade is still open.
4. I open the trade and the only option is "Cancel."
5. I click "Cancel" and the order is canceled.
6. I don't make or lose any money.
How Do I Get Out Of The Trade Without Canceling It?
If you no longer want to trade, cancel your order, you did it.

If you have a trade (buy) and open a position to take profit but after a while, you no longer chase for profit because you need cash or feel risk in the market, you can either exit with with small profit, with a draw at price that is nearly the same as your entry price or cut loss with a bit lower price than your entry price.

Two main options, cancel your trade order and exit your position to have cash with either small profit, no profit no loss, small loss.