This wave of sharp decline has indeed trapped many people. Don't rush to cut losses; first stabilize your mindset before taking action. Here are some practical and effective strategies to recover from the loss:

1. Don't sell impulsively
Panicking and selling at the lowest point often results in selling at the bottom. First, assess your position, cost basis, and support levels before making any moves.
2. Reduce positions gradually / Do Tactics, not all-in
A rebound is not a reversal. When you see a rebound, reduce your position gradually to lower your average cost and free up funds. It's safer than holding on and hoping.
3. Don't buy the dip to full capacity
In a downtrend, try small positions to test the waters. Avoid heavy buying at the bottom; over-adding is a common trap that leads to more losses.
4. Core to recovery: Lower costs + Control position size
Don't aim to recover everything in one go. First, reduce your position size; this will help you feel more at ease and half the battle is won.
5. Remember one thing
Having funds left means you're not out of opportunities; staying alive is more important than just breaking even.