You were exactly where you were supposed to be. That is before the spike not after it.
If you can exit and make a profit from trading, it would be good for the trader. But sometimes traders are not satisfied enough with the profits they get. Even some beginners do not know the selling targets they can achieve. Their hope is for bigger profits, but they do not anticipate the downturn after a price surge. Traders who have overly high expectations usually panic when a rapid decline occurs following a price spike.