I think in trade we must be able to find ways to make our initial funds not wasted and for that we need a strategy and to do that we need a lot of knowledge and experience. And the second thing is that we shouldn't feel panic in trading and control our emotions will be the key.
Every penny we bring out of our pocket is actually worth accounting for because we worked for it, and we should be able to hold our self-responsible if we lose it, therefore, there is no money that should be lost to trading, and that should be our mentality, we have to try as much as possible that we get all the necessary strategies like you said so that we would not waste our time and our fund in the trade.
To get strategy or develop one is not very easy, but if we can try as much as possible to work towards it, then it would really be worth out time in future. It takes experience not to really panic in trading no matter the level you have built your mind to, it is natural for most newbies to panic, but it is unnatural for those that have built strong strategy to panic because that is where their level of confidence is being tested.