Why do many people get liquidated,

The summarized reason is that they misjudged,
Actually, it’s not about right or wrong,
You can’t always be correct,
Most of the time, you are wrong.

The main reason for liquidation is not setting a stop loss,
Maybe after several stop losses, you realize they were pointless,
Next time, you don’t set a stop loss anymore,
And you find that you can actually recover most of the time,
Which makes you even more confident that your anti-liquidation strategy is correct.

But there will always be one time when you can’t recover,
For example, this time, if you don’t set a proper stop loss in advance,
Even if you want to cut your losses, you can’t enter.
You might survive 9 times,
But it only takes 1 time to wipe you out.