I got liquidated of $40k yesterday

[Olamidetechie]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

[BitHodlers]

Don't play with leverage, you are not a trader just because you have access to trading tools. Do not let these things fool you. These instruments are extremely dangerous and you don't really know what you are doing. Almost nobody in crypto does. You can't be a hobby trader. Either you are a professional trader and that is your full time career or you are not a trader. There is no in between. Making a few trades and gains does not make you a trader.

I stay away from leverage and that has proven an excellent strategy. Most of the time when markets crash I am among the people who find out later. It is very peaceful.

[Odusko]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

Do exchange have some form of insurance covers that see you through your loses, if yes then you could expect some settlement, but if you are not subscribed to any insurance that means you are going to be bearing your losses and have to move on with that reality, alot of time traders suffer this liquidation from market volatilities such as this one.

[programmer3666]

i am really sorry you went through that negative turn that happened in the market yesterday. seriously getting liquidated is rough!!! once a futures position is liquidated, the exchange will not refund you at all, your money is lost because your margin could not cover the trade. you need to see this as a lesson!! please, don’t try to chase what you lost by jumping into another risky trade just give yourself time to heal mentally first. risk control is everything in futures always use stop losses because it is better to be safe than regret later, never put in more than you can afford to lose and avoid using too much leverage. like seriously some traders have taken drastic steps after some big losses yesterday. like today i read about a Ukrainian crypto investor and blogger who committed suicide in his Lamborghini after being liquidated on big losses!! that shows how destructive overconfidence and unchecked risk can be.

[BattleDog]

My advice is to freeze the account, withdraw what's left, and stop trading for a while.

If you return to it, trade spot only until you can show three months of paper profits. If you still insist on futures: use isolated margin, pre-set a hard stop on entry, risk at most 1% of your total equity per trade, and avoid revenge trades.

[Mrbluntzy]

The market yesterday was actually signalling a short/sell, I wonder why majority of traders were longing and got liquidated due to the bearish liquidity, this means the market can sometimes confuse the traders to make a wrong call. The advice I have for you is that you should try to be appointing stop lose on your trades, stop lose prevent too much lose, just imagine if you had put a stop lose to cut you off if the market puts you in a $5k lose, it means you would have only lost $5k and not $40k.

[nelson4lov]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

Unless you were unjustly liquidated due to an error or issue on the exchange's part, you'll no be compensated. And this case you mentioned, the yesterday's market drop is not an eligible event for refund. It was a liquidation cascade that occurred across all exchanges and many people lost yesterday.

If you don't know this info—which I consider basic perps knowledge, then you have no business using leverage to open a perpetual futures position.

[passwordnow]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

Why are you going to take back what you've lost to the exchange where you've set your leverage? they're not going to entertain you, any money and trade that's lost isn't money back guarantee, there's no thing as such. You should have closed your positions when these news have come and you're immediate to check the positions you've made whenever Trump is speaking in whichever actions that he's doing. So, there are no refunds with the losses that we've made if we did it on the futures. You've been liquidated and I am sorry to say that your money's gone.

[X-ray]

That must be really suck but it can be prevented with an SL or isolated margin.

Should be a lesson that if you opened cross margin trade you should set SL and if you opened isolated margin don't use too much margin and too high of a leverage.

Unfortunately there are many HL traders forgot this and get liquidated from their on-chain data. I expected CEX users to be more reckless in this kind of thing since there are many newbies which means even worse.

[devhazard]

Don't trust any CEX, I got burned in 2022 on things related to Tera Luna from Binance,
I liquidated over $100,000 with over 20,000 percent short.
That was mine the last time I traded futures.

[TravelMug]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

For him or to you?

We don't know what advise we can give to Donald Trump as he is alone running the US.

But for us being liquidated, I guess you did to on to leverage so just get that part of your money and re-invest, simply as that. But you have to DYOR on what project you are going to invest and maybe just don't ko a big leverage as you are going to be eaten just like what had happen to you.

[ultrloa]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

Looking at those things what you have written here it seems that you are new on trading.

Because you will never asked what's next for me if you have experience to deal with such unfortunate situation. But since it already happens I guess the only thing you can do is to learn from what you have experience from your last trade. Also don't leave your position unattended since there's really good chance that you might get liquidated if you are not around and there's some bad news will came out.

No use to blame Trump on this situation and much better you pay attention on your next possible trade then do more better job. Try to exit while you are in profit then close your position when you are sleeping since I think this is best thing to do on futures trading.

[Dr.Bitcoin_Strange]

He should take a break for sometimes to calm his head down because the worse thing he can do now is to start chasing after the market to recover back the lose as soon as possible, he could end up losing more that he has already lost because this kind of news could still repeat as Trump is not yet done with the whole tariff drama.

[Akbarkoe]

That must be really suck but it can be prevented with an SL or isolated margin.

Should be a lesson that if you opened cross margin trade you should set SL and if you opened isolated margin don't use too much margin and too high of a leverage.

Unfortunately there are many HL traders forgot this and get liquidated from their on-chain data. I expected CEX users to be more reckless in this kind of thing since there are many newbies which means even worse.

This can be a crucial option in futures trading or using leverage. Stop-loss orders (SL) are crucial in this trade, but most people ignore them and/or set their SLs too low, failing to consider the risk of losing money. $40,000 is no small amount, and it's certainly mentally stressful.

I think their leverage and margin management were well-managed, but yesterday's decline was irrational. Trump's tariff decision alone could have caused the market to experience such a significant decline. Some have indicated the involvement of market makers in this decline, and some large whales were dumping. Many people have experienced liquidations like OPs; many professional traders have also experienced liquidations of their trading assets; it's more like forced liquidations.

[Orpichukwu]

Don't trust any CEX, I got burned in 2022 on things related to Tera Luna from Binance,
I liquidated over $100,000 with over 20,000 percent short.
That was mine the last time I traded futures.

That Terra Luna incident was not Binance's fault; it was another crash which affected not just open orders on Binance, but it hit every broker and exchange out there. Many got liquidated, especially those who had open positions on Luna. It was a hurry which no one planned for. The exchanges, especially Binance, are the ones to benefit more from this, but it's not their fault; they did not push for such a market to happen.

[gunhell16]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

It looks like you forgot to set an SL (Stop Loss), which is why you ended up with a liquidation amount like that, dude. $40,000 is a huge amount and not easy to earn in this day and age.
What you should be doing when dealing with such large amounts is using small leverage, dude, let's say only 2-3x.

Also, it seems you're not fully aware of the volatility of Bitcoin's price in the market. Or maybe you just hear that Bitcoin is volatile but don't truly understand it,
which led you to that situation. Nevertheless, just take that as a lesson for you, dude.

[asriloni]

I'm sorry for your lost. It's really painful you put an order without even putting stop loss. It's kinda weird you didn't even anticipate that kind of event that would liquidate you instantly. This shows how you were not caring with your money. It's your own fault bro, and please accept it.

At least you get some money back, and can start to do perp again. However, don't forget to always put stop losses no matter what happened with the market.

The last incident should give you a lesson how important "STOP LOSSES" is. If you still don't use it, better retire from doing perp trade.

[Ojima-ojo]

He should take a break for sometimes to calm his head down because the worse thing he can do now is to start chasing after the market to recover back the lose as soon as possible, he could end up losing more that he has already lost because this kind of news could still repeat as Trump is not yet done with the whole tariff drama.

very important to take a brake to clear up his mind before he come back to trading again and for those that are new to trading and have low balance I mean not whales trader's, they should avoid trading the derivative market to avoid losing all their money in events when there are higher market volatilities like what happened in the last few days.

Now that you lost the next big thing for you is to move on, forget your loses and move ahead to the next big thing for you, but stay away from trading for a while and if you must trade you shouldn't exceed the spot market region to lower your risks.

[nelson4lov]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

Btw, I wanted to follow up on this. Binance released a press release for most users that affected by the issues of their system and liquidation engine. Note that it's not for ALL liquidated users but only for specific cases that they explicitly mentioned.

I personally think if you didn't use USDE as your collateral that triggered many liquidations, then you won't be eligible because the USDe depegging was a major part of the reason why there was a liquidation cascade on binance and not everywhere else.

[Cyber_warrior]

After getting liquidated yesterday what next for me, and am i going to get small part of my money back from the exchange, i am really confused because it was cross future i opened, not knowing donald trump will do me dirty- that was message i received this morning, any advice for him?

I saw a post of yours before this that you made so much money from the last dip, according to you, you said you made a life changing money, but after making a comment in that post, then it’s surprising to see you post this again.

You said you got liquidated of $40k, I don’t really believe you, because the two threads which you created are already contracting each other. Actually I feel we never saw the dip coming, and lots of people lost their money. The reason why i don’t trade futures is just the risk involved in it, any slight mistake, you going to be losing everything you have in your wallet, thats why you have to be careful trading futures. The reward is high, but the risk is also high, so if you are trading futures, always learn to manage your risk, stop loss might also help. Actually not everyone likes making use of stop loss in trade.