So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
There are always rules you have to set for yourself when trading,and then follow them.I personally,when trading do few things.
First of all,and everyone always mentions it,invest what you can afford to lose,so you can trade cool headed and not be in temptation of panic selling.
Second of all,invest in the project you actually believe in.That way,if you're confident enough,when the price drops you'll buy even more,expecting it to boom soon.
The third thing you can do which is smart is to make portfolios of at least 5 good cryptos you'll invest in.That way even if four of these are falling,if one is very successful you'll at least cover the losses.