Sorry, this post was deleted by the person who originally posted it. By using our Services or clicking I agree, you agree to our use of cookies. With a trailing stop order, the trailing stop price follows, or “trails,” the best price of the stock by a trail that you specify. Happened to me. It's been 4-5 years since I last traded but believe mintpal or cryptsy allowed it. Press question mark to learn the rest of the keyboard shortcuts. Then you have to consider RobinHood and realize they'll probably sell far lower than what your stop loss was set at. I was only talking about robhinhood. They'll get hit hard and bought right back up in a matter of minutes. So irritating. I don't know why I bought $300 worth of bitcoin on RH... Should I sell now or hold? Official r/Robinhood Discord Server: https://discord.gg/Robinhood (It's where the people who aren't garbage are most of the time) Standard disclaimer: The content in this thread is for information and illustrative purposes only and should not be regarded as investment advice or as a recommendation of any particular security or course of action. I would hold it it will go back up you can at least get your money back if you wait. Cookies help us deliver our Services. Then you have to consider RobinHood and realize they'll probably sell far lower than what your stop loss was set at. With the volatility of crypto I would be scared to trade without a stop loss. When did you buy,? They've had ears to implement this relatively simple feature. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Is crypto trading even open yet? Just started using stop losses...I would love to be able to set a dynamic threshold. Trailing stop orders keep track of stock prices, so you don’t have to. If you are even i would say yes , 100% take it out. It'd be like asking to give your money away. For a lot of cryptos a stop loss is the last thing you want to do. Yet another thing that hasn't and at this point likely won't be developed. For example, if you're selling a stock, a trailing stop order tracks the stock's highest price. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Thought I set a stop loss and it sold at market. Edit: Sorry I'm in several crypto subs didnt realize this was r/Robinhood. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. How To Use Trailing Stop Order (Robinhood Platform) - YouTube This is where I get downvoted. Thanks. (System maintenance, small delays, and access to multiple coins all suck a lot). If the stock falls below its highest price by the amount you choose, a Do a few rails, blast some snatch out, and get massive gains. A trailing stop order lets you track the best price of a stock before triggering a market order. For a lot of cryptos a stop loss is the last thing you want to do. Investors often use trailing stop orders to help limit their maximum possible loss. Is this a thing in Robinhood? Press question mark to learn the rest of the keyboard shortcuts. I signed up to become a beta membef for Bitcoin. I do not know. It'd be like asking to give your money away. They'll get hit hard and bought right back up in a matter of minutes. Nope. Nice to know there are still gladiators on reddit. Depends on the exchange. I would hope the few exchanges left would allow it, it's a very basic order type. They've chosen not to. RH crypto is the equivalent of having someone run a crypto account for you. I know other exchanges have it.