Sometimes stop losses are the issue. Without the right mechanisms in place on the Exchange, the stop loss you thought would protect you, screws you. See my previous comment in response to full-measure.
RE: Anyone else notice the Bitcoin Cash 'flash crash' on Bitfinex? Regulators will.
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Anyone else notice the Bitcoin Cash 'flash crash' on Bitfinex? Regulators will.
Stop-loss orders without a limit price are seen by many as very dangerous (more like a loss order ;) ). If the stop loss feature doesnt allow you to set a limit price, don't use it, it will do more harm than good.
Margin trading is a whole another beast. Pretty much guaranteed your position will be forcefully sold for practically nothing if a flash crash happens. Worse, if you are in multiple margin positions then your other positions may also be sold to make up for losses from the first position, effectively emptying your whole account.
This is exactly why there are so many disclaimers and terms you have to accept before margin trading. Just don't do it.
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