I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.
But you did not mentioned why He Lose all , and in what way.. But if this is a legit Trading that he fails? then He is stupid to feel that way when it was His own choice and mistakes.
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"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
I have Lose in trade back then but i did not stop trying until i finally made a Hit and continues up to now.
Losers has no place in this market.
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
First >>>>> Mind Set = You Must know the risk and ready for the Outcome .
Second >>> Making Right Decision = never set for Big Wins , instead be contented with a little but sure profit.