In the past six months since I entered the cryptocurrency circle, I could only make some money during the novice protection period. Later, the more I paid attention to, the more I lost. It was annoying. Later, I summarized four reasons: high leverage, the psychological tolerance of buying altcoins with too large fluctuations, rash buying at inappropriate times (such as the release of US non-agricultural data or Powell’s speech), and not stopping losses when losing money. There were only a few simple loss effects, but I couldn’t resist the urge to open a position. What a failure!