Negative Sell Trades — what do I need to do now?

Question

I'm new to trading. I'm trading crude oil CFDs. I'm holding a short position of 400 barrels of crude oil at $37.50, but the price of crude oil is now $41.50.
During the move from $37.50 to $41.50, my losses increased due to the short position of 400 barrels.
Right now I only have the 400 barrels short position. The loss is $1400 while my total fund is $1700.
Please tell me what I can do to save my money and withdraw it.

TomTom · Answer

Nothing. Hope that the price goes down. The money IS GONE. If the price goes up a little, then - well - you lost it all.
"I'm new to trading." - ah, "I am new to driving, I crashed my car, please help me getting the car back". New to trading: NO EXCUSE - you are an adult, you opened those orders. If you are new, you should be on a simulator. TAKING RESPONSIBILITY IS WHAT MAKES MONEY IN TRADING. You basically lost money because of a failure to take responsibility for your trading success. And 400 barrel on a 1700 USD account - HIGHLY BRUTALLY IRRESPONSIBLE. You did not trade, you did bet and you lost. You do not "ONLY" have 400 barrels short - this are maybe 300 too many.
The 1400 are a loss. There is no way to get this money back at this price.

Negative Sell Trades — what do I need to do now?

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