If you stake all your money here in Crypto to buy a mansion and a Lamborghini, then it is a gamble. Risking everything you have to own something you don't have right now is not investing.
After a small, temporary crash like we're witnessing, do not cry saying "I lost everything today". There are several option you have in front of you,
1. Sell the tokens for a lost, withdraw the money and quit saying, that's it, I'm out.
2. Wait until the prices go down to settle somewhere and pump some money to bring the average cost down, so with a small gain you have the ability to profit or quit with a breakeven. (This would be my prefered option)
3. Look for other opportunities. If you have money, there are a lot of opportunities to take advantage on.
4. There's an option to hide the prices and wait until the time comes. (If you can't wait in a situation like when the market is down, Do not invest money)
When I see panic sellers who are responding for certain news floating around or to some macro economic fluctuations, I see a bunch of losers behind tthe red candles who will never become rich trading cryptos.
Most of the rich whales are thriving on these losers. When losers panic that is their opportunity to make money.
If you didn't have a stop loss, then you should Hold On To Your Dear Life!
