<...> I want to khow where I done mistake.
Your mistake has been to believe the hype: that trading is a good way to make money, when the reality is that the percentage of retail investors who make money from it in the long run is very low, and the time and money invested to be one of the chosen few is often not worth it.
Unfortunately, that's true. Especially for newcomers to the market, it sounds so simple: you buy an asset (e.g.
BTC) and simply wait until it is worth more than the price at which you bought it.
In reality, you panic and try to save what can be saved as soon as the trade turns negative and you incur losses. Often these rescue attempts lead to the fact that you spend much more money than you actually intended and in the end, like the OP, you are left with a high loss.
Even successful traders are 49% wrong with their trades ... however, 51% of their trades are successful. Exactly this difference then decides about profit and loss of the trades.
A few hints for you OP:
- Trade only in markets you know. Analyze the market as good as you can and take advantage of news and trends (e.g. it was already known in advance that the SEC will not raise an objection because of Grayscale. The market turned significantly positive with the release of the news).
- Stick to your plan: Set limits and stick to them (both stop-loss and take-profit).
- and very important: don't follow signals or "successful" traders, you will definitely only lose money.
Being successful as a trader involves having a lot of experience. All of us had to pay a (often high) price to gain this experience.