Can you set a stop loss and limit sell at the same time on Coinbase?
Yes, as far as the market is concerned, you can submit a limit order to sell at a good price and stop-loss to sell the same asset at a bad price.
Can you do trailing stops on Coinbase?
There may not have been a way to use trailing stops when this question was posted, but you can now link your Coinbase Pro account with Bitkick.io to use trailing stops. You can also combine take profit orders, trailing stops, and stop losses on the same position.
How do you set up take profit and stop loss Coinbase Pro?
https://www.youtube.com/watch?v=aN7atLspUqg
Can you do a stop loss on crypto?
Unlike a limit order, which aims to profit from the current trends, a cryptocurrency trader will use a stop loss order to limit potential losses to no more than they are able to take on.
How do you do trailing stop-loss on Coinbase Pro?
- Select the STOP tab on the Orders Form section of the Trade View.
- Choose whether you'd like to Buy or Sell.
- Specify the Amount and Stop Price at which the order should be triggered.
- Specify the Limit Price.
Can you set a trailing stop-loss?
Your trailing stop-loss order can be set a specific number of points or a percentage distance from the original price. When the market price reaches your trailing stop, the stop-loss order will be triggered and your trade will be closed.
Can you set a trailing stop-loss on Cryptocurrency?
A trailing stop limit order allows a trader to specify a limit on the maximum possible loss if the price of a cryptocurrency goes down, without setting a limit on the maximum possible gain.
Can I place a buy and sell limit order at the same time?
You can place a buy, market or limit, for a fill when the session starts, AND at the same time enter a stop, or/and a limit sell at a higher price. If you put on a stop loss below, and a limit sell above, specify OCO (one cancels other).
Should you set a stop loss on crypto?
If there's one trading tool you need to succeed in trading crypto, it would be setting stop-losses. To have a profitable experience when trading digital currencies like Bitcoin and Ethereum, you need to prevent significant losses in volatile trades, which is quite common in the crypto market.