What is the most common mistake made by newcomers in the crypto world? Dreaming of doubling your investment immediately after entering the market. But the reality is, often before you can endure the first round of correction, your account is already blown up.
Instead of thinking about getting rich overnight, it's better to understand one thing: how to survive until next month. The first real lesson for beginners is simple—learn to preserve your principal first, then consider how to increase its value.
**Start Small and Test the Waters**
For example, with $1000, don’t just throw all of it in at once. Divide it into several parts and explore gradually. It’s okay to be completely out of the market at times. High leverage is something beginners should avoid; it’s easy to lose everything in one shot. Losing a few dozen dollars early on can be considered tuition fees—don’t be upset about it. But if your operations start to get chaotic, stop immediately—nothing is more effective.
**Know When to Take Profits**
Don’t get complacent after a small gain. Only the profits you can withdraw and transfer to your wallet count as real gains. The remaining part can continue to be active, but be sure to lock in your profits. The numbers in your account are just figures; only withdrawals are real money.
**Risk Control is the Foundation of Survival**
Before opening a position, ask yourself: what’s the worst you can lose? If you lose twice in a day, force yourself to stop—don’t be greedy. When you can’t see through the market, staying out of the market is the safest choice.
Contracts are like a double-edged sword; used well, they can turn things around. Used poorly, they can lead to ruin. The most important thing for beginners is not how many opportunities they seize, but how to develop the right mindset and discipline with the smallest cost.
The market is active every day, but your principal is only this one. Those who can survive to the end are the ones who deserve to talk about how much they make.
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JinshanYinshan
· 22h ago
Good luck in the Year of the Horse, hold onto your chips, and wait for the rise.
What is the most common mistake made by newcomers in the crypto world? Dreaming of doubling your investment immediately after entering the market. But the reality is, often before you can endure the first round of correction, your account is already blown up.
Instead of thinking about getting rich overnight, it's better to understand one thing: how to survive until next month. The first real lesson for beginners is simple—learn to preserve your principal first, then consider how to increase its value.
**Start Small and Test the Waters**
For example, with $1000, don’t just throw all of it in at once. Divide it into several parts and explore gradually. It’s okay to be completely out of the market at times. High leverage is something beginners should avoid; it’s easy to lose everything in one shot. Losing a few dozen dollars early on can be considered tuition fees—don’t be upset about it. But if your operations start to get chaotic, stop immediately—nothing is more effective.
**Know When to Take Profits**
Don’t get complacent after a small gain. Only the profits you can withdraw and transfer to your wallet count as real gains. The remaining part can continue to be active, but be sure to lock in your profits. The numbers in your account are just figures; only withdrawals are real money.
**Risk Control is the Foundation of Survival**
Before opening a position, ask yourself: what’s the worst you can lose? If you lose twice in a day, force yourself to stop—don’t be greedy. When you can’t see through the market, staying out of the market is the safest choice.
Contracts are like a double-edged sword; used well, they can turn things around. Used poorly, they can lead to ruin. The most important thing for beginners is not how many opportunities they seize, but how to develop the right mindset and discipline with the smallest cost.
The market is active every day, but your principal is only this one. Those who can survive to the end are the ones who deserve to talk about how much they make.