I do not think he used stop loss. Know that trading is beyond using stop loss. With huge amount of money, low risky trading is better which is spot trading.
He didn't, he got liquidated!
Once the liquidating was triggered the percentage of the sum, the margin call were returned to him.
The person will be depressed if he has no much more than that. He needs also not to start all over again because he will likely lose all the money if he continues to trade. He should just hold instead.
Yeah, good advice but guys who go full 1 mil into leverage trading on altcoins won't follow up.
He had 1 mill, but he now has only a fragment of it, guess what the urge that won't let him sleep, make that back as fast as he can, and only then he
thinks he will be able to stop. This is not trading, this is pure gambling, and gambling is one of the last place where you search for people making reasonable decisions.
we just don't know why. But even so, $180,000 is still a huge amount for him to start over.
If that million was made through the same risks as this trade, quitting would be better than starting over.