Some financial experts will emerge and tell you that they can make big gains for you right now and yes, even in this market situation. I would be wary of these claims- the market is in terrible shape. The probability of losing is greater by three to one.!
You may have made some money from some dumb luck but without a consistent strategy in investment, you may have or will probably lose it. Honestly, ask yourself this question:- if you want to continue making money, what would be a good way of doing it..
A simple answer - in a market downtrend, preserve your capital in cash and wait. If you have to wait months then wait and do nothing except to observe direction of the market. Only take an investment position that aligned yourself with the broad uptrend of the market. This necessary low risk/high reward position to will put you in best position to make money.
The best way to make money is to be in a position to buy stocks near the start of the next bull market. In this manner you manage your risk to make sure you never have big losses ever again.
Jim Rogers, a former partner of George Soros the most successful hedge funds manager is quoted as saying:
"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people - not that I'm better than most people - always have to be playing; they always have to be doing something. They make a big play and say, "Boy I am smart, I tripled my money." Then they rush out and have to do something else with that money. They can't just sit there and wait for something new to develop."