Coinbase, Exchanges

Can You Set a Stop-Loss and Limit Sell at the Same Time on Coinbase?

Yes, you can set a stop-loss and limit sell at the same time on Coinbase. This can be helpful if you want to limit your losses on a trade, or if you want to ensure that you sell your crypto once it reaches a certain price.

NOTE: Warning: Setting both a stop-loss and limit sell on Coinbase at the same time can be risky. If the market moves too quickly, you may end up selling at a loss before your limit order is triggered. Additionally, there may be fees associated with setting both orders simultaneously. It is recommended that you do your own research and consult an expert before engaging in this trading strategy.

When setting a stop-loss, you will need to choose a price at which you want to sell your crypto if the price falls below that level. You can then set a limit sell order for a price above the stop-loss price, which will ensure that you sell your crypto once it reaches that level.

If you are new to trading cryptocurrencies, then it is always best to practice with a demo account first before putting any real money at risk. That way, you can get a feel for how the market works and learn how to set stop-losses and limit orders without losing any money.

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