The digital money market is highly volatile. In March 2020, Bitcoin experienced a 50% price drop in two days to $ 3800. In the next 5 months, the asset rate increased by 216%, in August it rose several times above the $ 12,000 mark and renewed the annual maximum. After that, in early September, it dropped by 17% to $ 10,000. Now the first cryptocurrency is trading at $ 10,500, writes RBC Crypto. Strong market movements often lead to large losses for a large number of traders. For example, on August 3, when the bitcoin rate fell from $ 12,000 to $ 10,500, exchanges forcibly closed the positions of 70 thousand traders, in total, in 1.5 hours they lost $ 1.5 billion in cryptocurrency. One of the clients of the trading floors lost more than $ 10 million per transaction. The 2020 daily record for liquidations was set on March 13. During the fall in the price of bitcoin from $ 8100 to $ 3800, exchanges closed traders' positions in the amount of $ 5.8 billion. The loss of one of the users amounted to $ 70 million. A strong movement carries high risks, as experienced traders take profits on previously opened positions. said Vladislav Antonov, analyst at IAC "Alpari". He explained that when entering the cryptocurrency market, you must always have a trading plan and understand the risks. “A beginner trader must answer the question of why he enters the market and how he will behave in different situations. There are different methods of analysis that give signals to enter the market. It is easy to enter the market, difficult to exit. If you don't have a trading plan, expect trouble (loss of your deposit). No signal - no entrance, ”Antonov explained. He advised novice traders to look for their favorite method of market analysis (wave analysis, indicator analysis, graphical analysis, volume analysis, cyclical analysis, quantum analysis, candlestick analysis, etc.) and improve it. In this case, you should not risk a large amount. “As soon as a trader starts to catch the wave often and enjoy analysis and profitable trading, then he is on the right track. When there is a trading signal, then there are no questions about what to do in case of a strong rise or fall. There is a signal to buy - buy, sell - sell, ”the expert concluded. Private trader Alexander Boyarintsev also spoke about the importance of a clear trading strategy at any phase of the market. In a period of increased volatility, the possibility of earning increases, and the likelihood of "draining" the deposit also increases. Often, during a strong rise or fall, newcomers turn on emotions, this leads to a sharp drop in the quality of decisions made. Boyarintsev recommended to always take into account the ratio of risk and reward, and if the price sharply went out of this range, do not enter the market. In this case, you need to wait for a new setup and a decrease in volatility. “There are always a million opportunities on the market, the main thing is to keep the deposit, the correct emotional state and wait for the opportunity to close with an excellent profit,” the trader emphasized. Xena Financial Systems CEO Anton Kravchenko added that when there is a sharp increase in volatility in the market, all traders have to place stop loss orders further from the current price, which means that the target take profit levels should be taken further from the price. At the same time, it is necessary to reduce the size of positions. For example, you can increase stop losses by 1.5 times and target levels by 1.5 times, and reduce the size of positions by 2 times. At the same time, the already existing stop-loss levels cannot be transferred categorically, if, due to volatility, the stop-loss is "touched", then the deal must be closed. Earlier in Europe, they announced a second wave of COVID-19: Austria and the Czech Republic reported a new outbreak of infections, and the WHO recorded a record daily increase in infected. In the spring, the coronavirus led to high volatility not only in the cryptocurrency market, but also in the stock market. However, experts said that in the fall one should not expect the same large collapse of the markets as in March, and if a decline does occur, it will most likely be insignificant.