I completely agree — I lost around $2000 in Bitcoin ($BTC) over the last three years without proper knowledge.
Here’s a list of the mistakes I made:
1. Emotional trading: 90% of the time, I made decisions based on emotions, which led to huge losses.
2. No market analysis: I didn’t analyze the market properly — just stared at the chart for 5 to 15 minutes and entered trades blindly.
3. Mobile trading: I analyzed charts on my phone like I was a pro trader. Honestly, it was pure stupidity.
4. Greed after first profit: After winning my first trade, I would immediately jump into another one out of greed. If it went wrong, fear would take over.
5. Revenge trading: If my first trade of the day was a loss, I kept watching the charts and entered again trying to recover — classic revenge trading.
6. Stop Loss (SL) issues: I always set a stop loss — good habit. But when price moved near my SL, I’d move it wider instead of respecting it... acting like a joker.
7. Mental stress: When a trade went into loss, I started praying, had sleepless nights, fought with family and friends, developed mental and health issues.
8. Scattered focus: I traded on spot, futures, options, and bots — without mastering even one.
9. High leverage: I used high leverage irresponsibly. Happy when in profit, devastated when in loss — pure emotional trading.
I realized that trading must be robotic: set your SL based on how much you can afford to lose and WALK AWAY.
Funny thing: I often closed trades early when they were in small profits, but kept holding and adjusting when they were deep in loss.
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