Trading financial instrument , derivatives have high risk , and having full knowledge of risk management of position size is a key to make a quality decision. The fundamental impacts news can make you rich or rekt you especially when the hype in social media get built up. Many people lost their portfolio because of lack of market structure. Not every dip or rally you jump into. These is my view why many lost during this Bitcoin decline.
Not to wonder why most traders had ended badly. Some never know what they are doing, some just jump into crypto because someone told them to do so. And the sad thing is that they never know the risk they face in trading and obviously they don't have enough knowledge for this.
So many traders got failed and only a few of them stand strong and correct their mistakes that is why they are still in trading until now. If we are on that kind of market approach and accept mistakes and make way to correct them, a big chance to succeed. Besides, no one been on the top instantly but most traders did suffer difficulties before they reach their goal.