Experiencing significant losses in crypto, especially with tokens like $FOLKS and $LIGHT, can be incredibly challenging. Many traders face similar setbacks at some point in their journey. It's a tough situation, but there are steps you can take to learn and move forward constructively. š¤
The first step towards recovery is often a thorough review of what went wrong. Analyze your Entry points, exit strategies, and critically, your risk management. Did you use Stop-Loss (SL) orders, and was your position sizing appropriate for your capital? š§
Moving forward, prioritize deep research and due diligence before any investment. Understand the project's fundamentals, team, and tokenomics. Equally important is managing emotions and sticking to a disciplined trading plan, avoiding impulsive decisions driven by fear or greed. š
Consider taking a temporary break from trading to clear your mind and develop a robust strategy. Focus on protecting capital, diversifying, and perhaps re-evaluating your overall approach to the market. Building a resilient mindset is crucial for long-term success. āØ


