Most people lose all their money like this!!

#BTC#
The fundamental reasons for losing money can be summarized as the following ten typical ones:
1. Floating loss of $300, but instead of setting a stop loss, the market data is analyzed first when it reaches the stop loss level.
2. A floating loss of $500, after research I found a strong support level and believe that the price will not fall below it.
3. With a floating loss of $1000, I'm even more reluctant to set a stop loss, so I've decided to treat it as a long-term holding position, supplementing the Margin and not setting a stop loss anymore.
4. Floating loss of $2000, Margin Replenishment too early. After checking market comments, institutional forecasts, and expert opinions, it was found that most people are bullish, so they continue to resist the order and expect a Rebound.
5. With a floating loss of $1500, I feel the market is about to reverse. I will do Margin Replenishment again to lower the cost, hoping to make a big profit.
6. Floating loss of $3,000, realizing that the market is not reversing but only rebounding. Decided not to fear the loss because I have already made $3,000 this month, at most it can be considered a wasted effort. Place another order, and if the price returns to the initial entry point, I can still make $3,000.
7. With a floating loss of $5,000, I began to suspect the market and believed that it might be a dealer's operation to shake out retail investors. I decided to continue to add margin and margin replenishment, and as long as there is a slight rebound, I can break even.
8. Floating loss of $4000, feeling that the market is finally going to reverse, decided not to Margin Replenishment, but must persevere.
9. Floating loss of $6000, seeing the market fall again, firmly believing that the price will not continue to fall, considering it as the bottom, and adding Margin again.
10. Floating loss of $7,000, hoping for a positive forecast of the upcoming non-farm data release, firmly believing in turning the tide.
Final result: Floating loss drop to zero, account balance also drop to zero.