Today was the worst trading day of my life. I have been a serious trader for several years but I have never been ruined like this in a trade. After setting up a trade and hitting my first target with decent profit I let the second half of my trade ride like I always do. I always set stop losses when trading but for some reason my stop loss did not trigger this time during the crash. In addition, on the Kraken exchange, I have a limited amount of margin just in case price cascades through my stop loss. Unfortunately Kraken did not close my trades like they are supposed to when I reached my margin limit. As price cascaded Kraken allowed my account to fall -3.5 BTC under my margin requirement. Any other exchange would close my trades as soon as my margin limit was reached but not Kraken. Not only did my stop loss not trigger on the Kraken exchange, they also allowed my account to fall way below my margin requirement (-3.5 BTC) before closing my trades on the crash. This is extremely frustrating and daunting at the same time because I always protect my self with stop losses in case something like this happens.I have now lost faith in crypto and the Kraken exchange.
So what do I do next you ask? Well this is where you guys come in, any suggestions on how to cheer up and what to do after experiencing loss and how to regain faith in something that you strongly supported would be greatly appreciated. This loss is brutal to me and I am trying to find something positive to learn from this and how to avoid this in the future but I have no answers. I set stop losses, I had a limited amount of margin yet I still suffered a big loss on my account. Any useful and uplifting comments would at least cheer me up. Thanks fellow steemers.