The most losing state is continuous loss, even continuous account burning, which is unavoidable for any investor in the market. Even for Mr. Ryan, who is extremely experienced, it cannot be avoided. So after losing and being depressed, what should we do to overcome that feeling??? Below are a few of my tips when losing money

Preamble
The financial market is always complex and never a rosy game, especially for newcomers. Many people, due to many different reasons and mistakes, cannot stand the panic and leave the market, considering this market a scam, thinking that they are not suitable for it. In this market, everyone should know that you will not lose or gain anything until the moment you withdraw money from the market (this does not apply to futures/margin gamblers with enough money). floor ), those of you who have gone through previous cycles will be clearest about what I just said.

Emotional control
Most traders entering the market have gone through a period of failed trading and constant losses. How will you feel and feel then? Bitter, angry, losing your temper, trading to get revenge on the market and eventually losing everything, then feeling sad and wanting to give up. So what we need to do when we lose too much is to control our emotions well. We need to stay calm in all circumstances. Calmness is the mantra that we need to remember. When I lose a lot, I always tell myself, "It's okay, even experienced players get boiled, let alone me, try your best." calm down and try again later" and this is also true when I get excited when I win big

Take a break and stay away from the market for a while
The cryptocurrency market is a non-stop market, operating 24/7 and it will not stop for any reason. Therefore, the boring times that the market brings are also the times when people turn off the app and leave the market for a while.

Read books or learn new concepts
To continue on the path you have chosen, it is important to understand what is happening or will happen in this market. New projects become popular and new technological advancements add up. If people don't learn new things, they won't be able to keep up with the pace of the market. Remember that things in the crypto market change every day, and everyone has to adapt to that.

Work hard, earn money and invest more
All the money I earn is put into this market. Profits from the initial investments will be withdrawn back to the original amount (even in trade or hold). Any additional investment, comes from previous efforts. Over time, this process will make people psychologically better.
Working to invest is a good method to minimize the impact as well as minimize risks and gain maximum profits when investing in this market

Find the cause of loss
Next, I think it's quite important to find out why you lost. It's scary when you lose money and you don't understand why. That means you might make the same mistake in the future. Once you are mentally comfortable, face the problem again. Admit that you are the cause of the losses, not because of CZ kill longshort or some other reason.
Next, try to understand where your investment style is problematic and learn from your mistakes.

Some mistakes people can make:
Mistakes in thinking - originating from trading psychology: You have too much FOMO, you are hesitant and indecisive, you eat too short but like to force orders, you want to get rich quickly so you trade continuously, you don't like comply with discipline,....

Skills mistakes: You do not thoroughly understand the indicator you are using, your system has not been completely built, your knowledge is lacking, capital management is not available,...
Sit down and list the mistakes people have made. That will be very useful in the future.
Once your mind is back in balance, try a new method!

Losses can be due to people's methods, strategies, and systems not being clear that there is a problem that needs to be fixed. That is the big problem we need to solve now, not pumping more money to get it back as quickly as possible. Here are some steps that I suggest everyone can try:

Step 1. Continue to load knowledge
First of all, you need to make up for your shortcomings in the past. Knowledge is one of the weapons that helps us win in this market. To be able to make money in the market is not something that happens in a day or two but requires a long process. If people think that they can get everything back in a short time with a small amount of capital, it is impossible. To get a good job, it usually takes us 12 years of school and 4 more years of college, right?

Step 2. Research new methods
After equipping yourself with knowledge, apply it in practice and find a new method - more suitable for yourself. Just try it until you succeed.

Step 3. Start again with a small capital
Once you have a new investment strategy, everyone should start implementing it. You can start with a capital of $50 $100 as Ryan said "Invest with the capital you can lose"

Step 4. Consider risk tolerance
Each person will have a different risk tolerance, so think carefully about the level of risk you can bear. How much money are you willing to lose when investing in this market? If you lose that money again, will you still be okay? This is a question that everyone must answer before entering an order to mentally prepare in advance.

Step 5. Persevere - don't get discouraged
Always remember that we ourselves may encounter many failures, but that doesn't mean we should allow them to defeat us. Failure is essential, so that you can understand who you are and what you can overcome.

Losing money is inevitable in investing, especially in volatile financial markets like cryptocurrency. When encountering this situation, it is important that we stay calm, control our emotions and find the cause of the loss to learn lessons for ourselves. After we have calmed down, we can start again with a new method, more suitable for ourselves, and persevere in implementing it to achieve success.