Rule #1 of Trading: Never invest more than what you can afford!
This happened a hundred of times with several financial instruments (stocks, forex, etc.) and as @crypt0 said you should be disciplined enough to set stops/trailing stops.
Believing or not in Ether is not the question and it is no different from any other currency or stock. Sometimes this things happen! Always be prepared!
RE: BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating
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BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating