1. Not Determining your Stop Placement in Advance
2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop
Managing the loss is a very important in cryptocurrency because if you do not know how to manage the loss in the business, it is useless how good you invest and have knowledge about the technology you are dealing in.
It is not just something important in the cryptocurrency market; this is something important in any market you are trading at all. In fact, before making any plan to enter the market at all or invest in any position, this is something you really want to be making sure you are at least considering to a very good extent and should always be a huge part of your plan.
As long as you have that in place, I believe you should not have a problem at all when making a trade confidently and it is only when you know that loss is always one part of the market, you would really take it serious.