$F When I first entered the cryptocurrency world, the biggest trap I encountered was not due to misjudgment, but because I was too eager to make quick money.
$ZEC I finally understand a principle: don't think about making money immediately; the first thing to do is to survive.
$RESOLV For beginners, the biggest killer is contracts, especially futures contracts. If you miscalculate the time, your account will be wiped out. If you really want to practice, perpetual contracts are sufficient. Leverage? Don't think of yourself as Superman; 5x leverage can make you feel the ruthlessness of the market, and with 10x leverage, a single adverse fluctuation can make your account shrink to a paper-thin state.
Stop-loss seems simple, but not many can achieve it. If you don't set stop-losses, small losses can quickly turn into big losses. When floating losses get out of control, preserving your principal is always more important than stubbornly holding on. As long as your principal is still there, opportunities are always present. The next time you turn things around, you can still stand on the stage.
When the market is down, don't rush to catch the bottom; when it's up, don't rush to chase the highs. Most losses occur when you feel 'it's about time.' Gradually build your position, and take out a portion of the profits first to stabilize your mindset.
Additionally, there are a few things you should stay away from as early as possible: those coins controlled by market makers, high leverage, and the impulse to gamble on success or failure.
In the cryptocurrency world, it's not about who becomes rich overnight, but who can endure the longest.
As long as you can keep your principal safe, there will always be opportunities for a rebound, a turnaround, and to win back your losses!
