Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.
1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.
2. Never using a Stop
3. Not having a plan (Risk/Entry/Exit/Stop)
4. Not sticking to your plan
5. Greed risking too much/not taking profit
6. Being too emotional about a trade.
Plug these equity drains & increase your odds of being profitable.
You could add to the list and make better trades
Lots of crypto trading exchanges these days has the stop loss but Im surprise that some people dont make use of it, and when they lose they start looking for who to blame most especially they start blaming the exchanges and calling them scam lol. This is a kind of business that involves big risk and you will always see the warning on every exchange you visit. This is a good topic and thanks to the op for bringing it up. I just hope that people get to learn from it.