$BEAT When I first stepped into the cryptocurrency world, the biggest pit I fell into was not making wrong judgments, but being too eager to make quick money.
$RIVER Later I understood: Don't think about getting rich overnight; learn to "survive" first.
$POWER Newbies are most likely to fail in contracts, especially those with delivery. Once you miscalculate the timing, you can lose everything. If you really want to practice, perpetual contracts are enough. Don't play with leverage recklessly; 5x leverage can make you feel the market's cruelty, and with 10x leverage, a single reverse fluctuation can wipe out your account in seconds.
Stop-loss may seem simple, but very few people can stick to it. If you don't set a stop-loss, small losses can turn into big pits day by day. When unrealized losses spiral out of control, that's when you should realize that preserving your principal is more important than anything else. As long as you still have money, there will always be opportunities.
When the market is down, don't rush to bottom fish; when it's up, don't chase after high prices crazily. Most losses happen when you think "it's about time." Stay calm, build your position in batches, take some profit out first, and maintain a stable mindset to ensure steady gains.
There are a few things to stay away from early on: coins manipulated by big players, excessively high leverage, and the impulse to go all-in. The cryptocurrency world is not about who makes more money, but about who can last longer and endure.
Remember, the "winner" on the board is always the one who can still stand alive in the arena. As long as your principal is still there, you are always in this game!
