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How To Use Stop Loss Robinhood. If the stock’s price moves in a favorable direction, the trailing stop price will move with the stock. To place a stop limit order, tap the gear icon in the upper right corner on the options order screen (select “ ⋯ ” on web), and add a “stop price.”.
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A stop order is an order to buy or sell a stock once the stock reaches a specific price, known as the stop price. Then you are ready to place your trade! Explanatory brochure available upon request or at www.sipc.org.
Your holding period for the new stock or securities includes the holding period of the stock or securities sold.
When you have entered your buy amount and are ready, click the blue button “review”. When you have entered your buy amount and are ready, click the blue button “review”. Robinhood financial llc is a member of sipc, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Stop losses only function to convert a limit order to a market order after a certain price point.
