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You can further safeguard your capital from sizable losses by engaging in sound risk management practices, such as diversifying your investment portfolio & placing stop-loss orders. Remain Calm and Patient. For long-term trading success, it is imperative to maintain discipline and patience amidst market fluctuations. It's imperative to stay away from timing the market or pursuing quick profits because these actions can result in needless risks. Instead, focus on building a well-diversified portfolio of quality investments and staying committed to your long-term financial goals.