That is true that the main reason why people lose in trading is because they tend to use their emotions instead of looking for technical and fundamentals of trading. They tend to get afraid and scared every time they see that the market is falling but its a very wrong move I think.
This category includes trading beginners who do not have an ideal understanding of the crypto world, but they tend to take advantage of the bull run moment for instant profits, when the market correction conditions occur they will cut losses because they are unable to control emotions due to losses from short-term trades, that's the risk in trading if there is no knowledge then there should be a need for crypto trading analysis knowledge.