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Novice 'turnaround'
Advice for novice investors: 'If you have a small amount of capital and want to turn things around, my suggestion is as follows:
If you think you are relatively smart and have the ability to understand projects and the logic of cryptocurrency, then I suggest you don't gamble on price fluctuations in the secondary market, but rather directly participate in project development. In other words, don't always think about making money from price fluctuations, such as trading Bitcoin or altcoins. This is a completely different logic than being a 'novice + small capital' combination. If you are indeed just a novice with small capital, then start by trying a small wave of larger operations to test your trading abilities; but to really scale up your position, you should wait until your capital increases and your understanding matures, and you have a good grasp of Bitcoin and Ethereum, as well as a concept of market cycles, before considering increasing your trading scale. Otherwise, like I did in the past, trying to make a big win with a small stake, only to find the market has moved on, using high leverage without understanding risk control, resulting in a devastating loss. Being trapped in debt is truly painful. In such a situation, even if you work hard, relying on your salary to make up for it will not work. You might lose three to five thousand on each trade, and after a long time, you will realize that you won't be able to pay it off in three to five years.
So I want to say:
First, do not trade with debt; this is really important;
Second, for small capital, I suggest participating more in the primary market and engaging in the construction of projects themselves, especially those native blockchain projects;
Third, accumulate a certain amount of principal and understanding through these methods before considering doing 'swing trading' in the futures market.
When you have understanding, you will naturally reduce leverage and stop engaging in those aggressive 10x, 20x operations. You will also learn to control nominal value and manage risk.
This way, even if you incur losses, they won't be that significant; if you make money, it will be within your understanding range and reasonable. This is essentially the advice I have summarized. #币安HODLer空投SAHARA
