How To Use Robinhood Stop Loss. Say for example i have 1 amazon share, and i put stop loss at 1400 for 1 share, and also put limit sell order at 3000 for. Then you are ready to place your trade!
Stop loss orders are very useful for more volatile investments. Then you are ready to place your trade! Especially when you are speculating on a stock or forex currency pair.
This is to ensure that no loss will be taken on trades that move up early.
Stop loss orders are very useful for more volatile investments. Especially when you are speculating on a stock or forex currency pair. Robinhood only gives 1 year of stock history, which may be enough for some. When the stock hits a stop price that you set, it triggers a limit order.