When trading there are rules to observe in other to protect your margin, it's more like if you can't make more money, don't lose the one you have,
That's where risk management comes in handy.
The strategies are;
_ Don't risk too much money, start with what you can afford to risk. Focus on the risk not rewards.
_ Identify potential risk as;if it goes down, if you don't take profit, if you don't use stop loss and if the coin goes against your analysis.
_ Reacting to risk, use stop loss and always take profit.
There are pros and cons to stop loss in scripto trading. For example, when you trade a coin at a certain price, you can place a stop loss at a certain price to avoid the risk of losing your entire money. When it falls too much and when the market reaches your fixed price, your trade will automatically be canceled. The problem here is that the money you lose is not recoverable, but if you don't use stop loss, even if the coin's price drops too much. There is a possibility of profit again.