The cryptocurrency market is not a get-rich-quick scheme. It's far more brutal than the stock market. It's the market with the highest rate of account liquidations. The essence of all liquidations stems from over-leveraging. Over-leveraging without stop-loss orders, or canceling stop-loss orders when significant losses occur, leads to the desperate desire to recoup losses, resulting in adding to positions against the trend. Driven by fear and impatience, these additions are usually placed on the left side of the trend, when the market hasn't reversed, leading to even greater losses. With each counter-trend averaging down, the position becomes increasingly heavy, losses grow larger, leading to anxiety, sleepless nights, and finally, a liquidation in despair. There are three main reasons for over-leveraging: First, greed; Second, the urgent need to recover losses after significant prior losses; Third, overconfidence, a firm bullish or bearish stance. For the first two, cultivate emotional control. For the third, understand one thing: we shouldn't predict the market, but rather follow it. Regardless of previous profits, every subsequent trade is a trial and error process.