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Experiencing a loss in trading is painful, especially if it turns out that the loss could have been prevented. According to experts, losing and losing in trading is a lesson. He advises that if the trader suffers a loss, it is advisable to take a short break to return to recovering the options.

Well, to avoid further losses, then you need a very good track record of your assets. This can be done using a crypto portfolio manager. By doing this, you will be able to manage your risk as well.

In the world of trading, every trader must have experienced failure even if it was only once. Therefore, emotional management is also needed to prevent further deterioration. Not to mention the high volatility in Bitcoin and cryptocurrencies, it can turn things around in just a few minutes or even seconds.

The best strategy according to experts is to re-evaluate market trends. If a trader has ever lost, try as much as possible not to go against the current market trend.

The example chart above shows an uptrend, aka a bull market. Experts suggested, if the market conditions like this it is better to put a neutral position or buy with long-term goals.

If buying during these market conditions, be sure to keep using stop-losses to prevent the market from suddenly reversing.

If You Win, Keep Calm; If you lose, get out immediately

A good investor, according to experts, must be able to control and control his emotions. If the trend is positive and the market is bullish, then traders are profiting from it, be sure to stay calm. On the other hand, if a trader loses, be sure to exit the position immediately.

Determine the amount of profit you want to get at the beginning of determining the strategy. This step is to prevent unwanted losses and also prevent sudden greed.

For example, a trader places a position and has already made a 10% profit, but the amount of profit he wants to get is not determined at the beginning, high volatility can turn things around. The 10% profit could immediately drop to 5% and be stable at that number.

Gratman also suggests setting a stop-order, so that the profits that have been obtained can be locked and not lost.

Consider Strong Market Trends

Sometimes when the market is bullish, traders are not aware that there may be a strong correction or decline for some time after the bulls have occurred. Therefore, according to experts, consider everything, including market sentiment and trends.

He also added not to try to go against the strong market currents. Plus, make sure to trade without coercion or just FOMO (Fear of Missing Out). Including, reanalyzing the words of experts and reliable crypto analysts.

This is because, even though these experts and analysts have been in the world of cryptocurrency trading for a long time, make sure that their views on the state of the market are not contradictory. If possible learn the fundamentals and technicals in this crypto space.