Many people lose when they see the price of a coin skyrocketing and immediately short it without analyzing the any trader position. Simply, when a coin surges, it's a sign that people are buying it. If you haven't thoroughly analyzed when those buyers will sell, never take a short position, as the price will move against your expectations.
The market is currently more in a sideways condition, with participants tending to wait and see due to various global economic factors, such as the impact of Israel's "Lebensraum" war escalation in Lebanon.
This is why some positions are likely to go against your expectations. Right now, trading with sound analysis, controlling your emotions, and avoiding rash decisions is crucial. I have experienced this before, where I ended up wasting time in the market as my profits were eroded by small and consistent losses.