Getting out of a position isn't that complicated; the key is using the right method. I'll share some of the experience I've gained over the years.

**Decisive Stop-Loss is the First Line of Defense**
When a promising coin suddenly breaks below a key support level, and the daily chart shows clear bearish signals, never hold onto false hope. If the loss exceeds 15%-20%, you should cut your losses decisively during the rebound to avoid deeper losses. Many people are reluctant to sell at a loss, but this often turns a 20% loss into 50%, which is not worth it.

**Use Swing Trading to Reduce Costs in Volatile Markets**
If the loss is small (≤10%) and the coin is still in a sideways trend, it's a good opportunity to average down. Reduce some positions at resistance levels and add to your position at support levels (remember, don’t add more than 50% of your original position). This way, you can lower your average cost through high sell and low buy strategies. Be patient; gradually lowering your costs is more reliable than cutting losses all at once and chasing the market.

**Switching Positions to Quickly Activate Funds**
If the current coins you hold are underperforming, sell 50% of your holdings and switch to stronger coins to profit. Once you’ve gained some profit, you can switch back to cover your losses. This tactic is especially suitable when the overall market is decent but some coins are performing poorly. It’s like using the gains from strong coins to offset the losses of weaker ones.

**Three Pitfalls to Avoid**
Never hold on stubbornly—persisting in the wrong direction only deepens losses;
Avoid blind averaging—adding to positions without a plan is gambling;
Don’t chase highs or sell lows—this is the fastest way to cut your losses.

Finally, being caught in a trade is as normal as catching a cold. The important thing isn’t whether you’ve been trapped before, but what you do when you are. Keep a calm mindset, prioritize capital preservation, and every successful recovery adds to your trading experience.