I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.
I didn't want to go through the rigor of trying to preach the message of crypto and share my testimonials from my little successful trades because our meeting was short lived as we were in transit, but the big question that i kept asking myself afterwards was -
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
You have to build your strategy beforehand and follow through. If you lose a trade, you take a rest and come back when you're ready for another round. As long as you keep learning you will start making profitable trades. Panicking can only happen when you give into your emotions instead of following technical indicators.
The more important that how much we have learn from the loosing. I think it is the best way to keep getting profit on trading. I actually follow my strategy and never fall down on it. I have lost many trading but i always put stop less that helps me to decrease my losses and make high ratio on my profit. So i think you need to have more patience before starting your trade.