The reason why all or nothing degen leverage traders reach a turning point simply has to do with bad habits reinforced during a certain market regime

Last 6 weeks you have been conditioned to slurp shallow dips

You get lucky a few times and you make good money during a colossal trend

Then you try to apply the same false heuristics when the trend changes and the market hunts the very reason why you made the PNL in the first place

Recognise the regime when it shifts and either take the other side or simply sit it out (EASIER said than done)