In fact, whatever you do, you will not be able to eliminate losses at all. All you can do is minimize it.

Here are some tips for avoiding loss in trading.

 » Use stop loss
There is a dilemma that traders must deal with in trading on cryptocurrency, when their position touches stop-loss prices return to the direction they have predicted. But when stop-loss is eliminated, the market makes a bigger floating. When trading don't ever hesitate to use stop loss, if your instincts say so.

 « Cut-loss
Releasing 1 wrong or wrong analysis is highly recommended to be able to trade better in the future.