Why do many people get liquidated?

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The reason is that they made a wrong judgment. In fact, it is not about whether you judge right or wrong. You can't always be right. Most of the time, you are wrong. The main reason for liquidation is not setting a stop loss. Maybe after stopping losses several times, you find that you have stopped losses in vain, so you don't stop losses next time. You also find that you can resist orders most of the time, which makes you more convinced that resisting orders is right. But there will always be a time when you can't resist it. For example, this time, if you don't set a stop loss in advance, you can't go in even if you want to cut your losses. You can resist 9 times, but it only takes 1 time to return to zero. #BTC☀