You traded a very volatile futures contract. When creating a stop loss, Watch the type of order you make. Stop-limit order vs stop loss order
Stop limit order - creates a limit order and the position gets closed at exactly the price you set
Stop loss order - order gets executed at market price. If you market moves do fast. You will find your order getting executed away from the actual price you had set
Which trypeof stop order did you use?
https://www.investopedia.com/ask/answers/021015/what-difference-between-stop-order-and-stop-limit-order.aspI don't think if a limit order is the issue here, what he's talking about is the SL stop-loss order.
@OP How exactly did you adjust your stop-loss?
What I think is your stop-loss is set to a partial amount because that is the default one. If I'm right, this is your mistake; it could lead to further loss if the price is beyond your stop loss. It is sometimes liquidated if you are using isolated.
So check that order if you set the stop loss partially or full amount. I sometimes experience this issue that leads to further losses.
Or this might be because of the slippage it can happen on rapid price fluctuate that leads to further losses. That's normal it could also happen on other exchanges.
It was for the full amount so this was not the issue.... thanks for the suggestion though