Yes, you can. On eToro, setting stop-loss and take-profit orders for Bitcoin is built in. Just pick your price levels when opening a trade or tweak them later. Once hit, the platform handles the rest automatically. It’s how traders manage risk and secure gains.
Once you’ve selected Bitcoin and decided to open a position, head to the order window. You’ll see options for setting Stop Loss and Take Profit.
You can configure these using either Rate (as a percentage) or Amount (as a currency value). Simple enough, but each works a little differently.
If your trade is in profit, eToro will only let you place a Stop Loss at least 10% below the current position value. It’s a buffer, one that’s meant to give the market some breathing room.
Once either your stop-loss or take-profit level is hit, your position converts into a market order. But keep in mind that if the market’s volatile or thinly traded, your execution price might not land exactly where you hoped. That’s slippage.
Bitcoin trades non-stop and swings harder than most assets. That’s why risk management is very important. Setting a Stop Loss protects you if BTC nosedives. Using a Take Profit helps you bank gains when it spikes. And the best part? These work whether you’re actively watching the markets or not.
I strongly recommend that you consider using the trailing stop loss on eToro. On the platform or app, you can set a trailing stop-loss that moves up automatically as Bitcoin’s price climbs. This way, you lock in gains while giving the trade room to grow.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.
About Mike Druttman
