Timely taking profits and securing gains is the most effective strategy to deal with drawdowns, but this is just the first step. More importantly, once you exit the market, do not rush to reinvest due to impulse.
I have seen too many people who made a fortune during a bull market, ultimately losing everything they earned due to a moment of impulse by reinvesting all their gains into the market, resulting in heavy losses.
The reason many people find it hard to recover is that they have experienced large trades and lost interest in small investments. They may have been accustomed to trading millions of dollars, but now asking them to trade tens of thousands of dollars naturally does not excite them, and they think about when they can make it back. At such times, they are prone to adopt high-risk strategies and increase leverage, which often leads to less than optimistic results; very few can be fortunate enough to exit unscathed.
Saying this now, some may not take it seriously, but in a bear market, these lessons will become profound and real.