After 29 days of absolute discipline, on the 30th day I blew my account just because of 1 minute of weakness wanting to recover. Below are 4 common mistakes that any trader has made – I share so that you can avoid the same pitfalls as I did:

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1. Open Long – Short on both sides, take profit on one side and hold the losing position

I once thought opening both sides was safe. When one position made a profit, I closed it and kept the losing position expecting it to reverse. But when the market rose sharply or fell deeply, the remaining position was wiped out.

Advice: Do not open hedge on both sides without a clear plan. If you want to enter both directions, set TP and SL for both. For example: Long BTC 94,500, set TP 95,500 – SL 93,800. Short BTC 94,500, TP 93,500 – SL 95,200. With a clear plan, no matter which position wins – you still control the risk.

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2. Short indiscriminately when seeing the price rise – do not set a stop-loss

I once shorted BTC at 94,500 thinking the price 'couldn't go up anymore'. But BTC still rose to 104,300. I held until there was no money left to margin further.

Advice: When shorting in a bullish trend, you are going against the market. Always set a stop loss from the start. For example: Short at 94,500, then the stop loss should be at 96,000. If the stop loss is hit, look for other opportunities – don't try to hold on.

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3. Improper DCA – only profits on entry, no profit in the wallet

I shorted at 94,500. When the price rose to 96,500, I added to the position with the old volume → the new entry became 95,500. When the price returned to 95,000, I closed the 96,500 position to 'gain' 1,000 points, but in reality, the money in the wallet hardly increased because the profit was small – holding on too much.

Advice: DCA must have a strategy. If you add more, do it gradually smaller rather than with the initial volume. And you should only DCA a maximum of 2 times, no more.

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4. Entering trades without knowing support – resistance, FOMO, addicted to looking at charts

I once entered a trade just because the price 'looked like yesterday's pattern'. Lacking technical analysis, lacking clear resistance areas. Then I took profits too early, or entered at the wrong point.

Advice: Determine the support – resistance areas before entering trades. For BTC, strong resistance is usually at round numbers like 95,000 – 100,000 – 105,000. Support areas are 92,000 – 89,000 – 85,000. Enter trades when the price reacts clearly at these areas, combining RSI or reversal candles to be more certain.

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Summary:

Use a maximum leverage of x5. Leverage of x125 is just a tool to burn your account faster when you trade based on emotions.

And remember: only trade BTC. ETH has taken 3 years to return to its old peak – don't expect much from coins ranked lower than the top 3.

Patience and discipline are the strongest weapons of a trader.

What mistakes have you made? Please share for everyone to learn 😊

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