I have had of a crypto traders that lost all his funds in one day because of market volatility.
I'm absolutely sure that he/she trader in future market or with certain leverage. For, if we are trading in the Spot market, we will not lose all of funds very easily as long as we don't sell the coins/assets. We can still do holding for better price if possible in the Spot market.
but it will be differrnt in the such as future market in which all funds put can be liquidated and lost at all.
I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong.
It's good if we can do our own evaluation on the reasons why we are losing our assets in trading, doing evaluation on every element to make better trading strategy in the future.
but in fact, not all people are willing to do these, some are too mad and blame crypto trading as the way they are losing their money. They won't do such kind of evaluation.
moreover, commonly we know some of the mistakes made during trading are likely:
1. Do future trading, whereas we are newbies or even don't understand much about futurrle trading or trading with leverage
2. do all in one coin based on FOMO or HYPE
3. Not even doing any research of the coin or token market before doing trading
4. Not having at keast basic knowledge abouttrading, in this case, such followers of trading only without knowing about it.