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Things to Note:
1. Always apply your stop loss and take profit option
2. Do not trade with emotions
3. Have a good source for signal or information about the crypto your trading.
4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.
When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.
Another note to add is "chasing losses" this is one of many common mistakes of traders, this also has a connection with emotions because they are thinking that they can make those losses in just one trade or overnight.
Caused by emotions, which, there are many of you in the millions of participants in the market who might be "chasing losses", making the market more volatile and therefore more profitable for the top 10% of traders who are taking advantage of it.
This act must be handled properly because capital preservation is a must, it's better not to trade than to chase losses because there are still a lot of opportunities for the next trade.
The problem, is "HOW" if you have a trade
open? The solution might be, I have not tried it, I stopped active daily/swing trading before I had the chance, is make a trading system that makes you know before hand, when to buy and how much to buy, and when to close the trade, and pre-program it in your exchange's trading site through the use of the different types of orders.