How do you lose a big amount of money? Is the price of your coin decreasing? Or, do you just sell your coin at a cheaper price? If you are still holding your coin, just wait till the price increases again. There is no need to be panic because the decline in price is something normal. But if you already sold the coin at a cheaper price, there is no chance to deal with your losses. Just focus on your other coins to take profits and don't make the same mistake.
no,i haven't loss money.i just want to know another people how to manage losses in case of i make a loss in the future.
some coins is bad,we can't just wait it to recover,so diversified investment will be good for us.
and before you wait your coins to grow,please ananlysis your coins again,then you can decide whether keep to hold it or not.
good luck for you and me.
That is good if you have not lost your money in trading and that is not easy to prevent the loss.
As long as you can analyze the coins that have the potential to increase such as bitcoin or ethereum or bnb or other coins, you do not have to wait too long to recover the losses.
But in this matter, I think one of the ways that we can use to prevent the loss is by avoiding the greed become bigger because once it happens, you will be late to take profit and that can make you wait for some time before you see the price back increase again.
The analysis will be the important thing that we should do before we trade or investing.