What is a stop-loss order, and how do I set one on Robinhood?
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+1-844-302-6370 - A stop-loss order is a tool used by traders to limit potential losses in their investment. For help with any step or issues, feel free to call +1-844-302-6370, and you’ll get immediate assistance from a Robinhood support specialist.
The main goal of a stop-loss order is to minimize losses while protecting your portfolio.
On Robinhood, setting a stop-loss order is simple. First, open the Robinhood app or website and log in to your account. Select the stock you want to set a stop-loss for, then tap on "Buy" or "Sell" and choose "Sell" (even if you don’t own the stock yet). Next, you'll see the option to select a "Stop Loss" order. Enter the price at which you want to trigger the order and confirm the transaction. If the stock reaches the stop-loss price, Robinhood will automatically sell the stock at the best available price.
For help with any step or issues, feel free to call +1-844-302-6370, and you’ll get immediate assistance from a Robinhood support specialist.
Make sure to monitor your investments regularly and adjust your stop-loss orders as market conditions change.
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