My friend loves opening different trades at a time, most at times is difficult for him to control what's should be. Trading on free chart with multiple opening can be very dangerous. Yesterday he experience unusual hit when bitcoin price drops again, four trades loss at once when the market go against him. Personally I don't advise multiple trade especially when you're not familiar with trade
Maybe he's into futures.
Because he wouldn't lose that immediately if he's on the spot but as you've said that when the price dropped again, he's at total loss. Well, if your friend is a long time trader, he probably know what he's doing.
That's why for him it should be enough to understand that the risk he's taking shouldn't be ignored. Otherwise, he should quit futures and stay on the spot trading.
Pretty sure he's been dealing off with futures considering that being liquidated or total loss had happened because if we do talk about spot then you cant lose something since you would really be just simply having
that paper loss but not something being realized, unless you do cut loss or you have set some stop loss and been triggered or touched out but if not and its still hanging then just let it be, we do know that price would really be that able to recover but if this one talks about futures then its over.The only thing you do need to cope up with those losses is to trade up with another position but of course it would be something
that much better. Multiple positions into different coins is really something that mind boggling or something that not all could be able to pull through, on just thinking with charting then it is
really that something you would be making your head ache.