Ref: CHC211024 A stop-loss order is an order made with a broker or online exchange to purchase or sell a certain stock or cryptocurrency at a predetermined price. A stop-loss order is intended to restrict an investor’s losses on a securities holding. Setting a stop-loss order 10% below the price at which you purchased the stock, for example, will restrict your loss to 10%. Assume you just acquired Facebook shares at $70 per share. You place a stop-loss order for $61 immediately after purchasing the stock. If the stock price goes below $61, your shares will be sold at the current market price.
More details: How To Set A Stop Loss On Coinbase?
