When you're three steps away from the borrowing and lending liquidation line, stop acting for yourself: first cut your position down to a level where you can sleep peacefully. Basically, there are three things—add margin, reduce debt, or directly close part of your position. Don't expect a "wait for the rebound" to save you. The market loves to give you a final blow on the candle where you "wait for confirmation."

I've learned my lesson now; when I see the health indicator start to turn yellow, I take action first. I'd rather earn a little less than be the background noise in a chain reaction explosion. Especially recently, with memes and celebrities shouting, attention shifts so fast that newcomers are still trying to figure things out, while seasoned players are already passing the last baton... Anyway, I’ve got my raincoat on; I try not to get soaked if I can avoid it.