What to do if ProBit Global has a leveraged position liquidation?

If a ProBit Global user experiences a leveraged position liquidation, they should analyze the reasons for the liquidation, assess the situation, re-evaluate their trading strategy, and consider reaching out to customer support for assistance.

Nov 27, 2024 at 03:52 am

What to Do if ProBit Global Has a Leveraged Position Liquidation

When trading with leverage, there is always the risk that your positions will be liquidated if the market moves against you. This can be especially painful if you have a high leverage ratio, as you could potentially lose more money than your initial investment.

If you're a ProBit Global user, and have a leveraged position liquidation event, there are a few things you should do right away:

1. Understand why your position was liquidated

The first step is to understand why your position was liquidated. This could be due to several factors, such as:

• The market moved against you too quickly.
• Your leverage ratio was too high.
• You didn't set a stop-loss order.

2. Assess the situation and decide to close any other open leveraged positions

Once you understand why your position was liquidated, you need to assess the situation and decide whether to close any other open leveraged positions. It's crucial to avoid the liquidation of multiple positions, leading to significant losses.

• If the market is still moving against you: it's best to close any other open leveraged positions to limit potential losses.
• If the market has turned in your favor: you may want to keep your other positions open in the hope that they will recover.

3. Re-evaluate your trading strategy

If you've had a leveraged position liquidated, it's essential to re-evaluate your trading strategy. Here are a few things to consider:

• Were you using too much leverage?
• Did you have a stop-loss order in place?
• Were you trading in volatile market conditions?

4. Contact ProBit Global support for further assistance

If everything else fails, you can request help from ProBit Global support to understand the reasons for the liquidation and seek guidance on preventing similar incidents in the future.

Here are some additional articles you may find helpful:

• [ProBit Global Leverage Trading Guide](https://www.prob.gl/en-us/support/articles/30)
• [What is Liquidation in Crypto?](https://academy.binance.com/en/articles/what-is-liquidation-in-crypto)
• [How to Avoid Liquidation in Cryptocurrency Trading](https://www.coinbase.com/learn/trading-and-investing/liquidation-crypto)

By following these steps, you can help to minimize the impact of a leveraged position liquidation on your ProBit Global account. Remember, trading with leverage is a risky activity, and you should only do so with money you can afford to lose.