$BTC $BTC $SOL
{spot}(SOLUSDT)
Some tips for beginners here that may be useful:
- Avoid overtrading. We are living in times of high volatility, and excessive trading can make you lose a lot of money;
- Manage your risk and study about "stop loss"
- Learn about "support", "resistance" and "graphical boulders".
- Learn about market cycles and their phases;
- Don't work with futures or leverage. This is not for amateurs.
- Don't try to "reinvent the wheel", and don't invest in multiple tokens, or in any token. When in doubt, go with BTC. In the long run, there is no mistake;
- Don't spread your investment across dozens of tokens. Choose 5 and delve into them, learn their quotes, trends, and take advantage of their opportunities;
- Avoid meme-types that are useless. "Shooting, beating and bombing" are for up to 5% (and that's a lot) of your capital;
- Learn about investments through "DCA" and about profit-taking in installments. Many people hold on to all the appreciation and suffer when they see everything lost because they didn't make any profits.
- Control your anxiety. Checking your balance every 10 minutes won't help you at all, and you'll be tempted to make crazy trades and end up losing money;
- Choose who to follow on YouTube carefully, and avoid watching multiple analyses. If you don't focus on one or two people, you'll go crazy and won't learn anything properly.
- Finally, graphic analysis is probabilistic, that is, there is no crystal ball or fortune-telling. So, study and learn how to take care of your money!
These tips I share with you have helped me a lot, and I learned almost everything on my own. So, always study!!!
Good luck to everyone!!!