Newbies entering the cryptocurrency world, remember these key points:

1. Understand the basics

Clarify the fundamental concepts of blockchain and cryptocurrencies, and understand how contract trading works (like the difference between perpetual and futures contracts), as well as leverage and trading rules. You can refer to professional books, industry reports, or authoritative websites.

Learn two analysis methods: technical analysis (looking at price charts, trend lines, and indicators to guess price movements); fundamental analysis (evaluating project technology, team, and market demand to determine the value of a coin).

Practice with a simulated account first: platforms usually have simulated trading where you can familiarize yourself with operations, test strategies, and develop the right mindset without any risk while gaining experience.

2. Make a trading plan and control risks

Set a trading plan: based on the level of risk you can tolerate and the amount you want to earn, clearly outline what coins to buy, when to buy/sell, stop-loss and take-profit points, and how much to invest. Once you set it, strictly follow it and avoid impulsive decisions.

Don't go all in: avoid using too much leverage and don't invest all your capital; at the beginning, invest only 10%-20% of your funds, and buy less during high volatility.

Always set stop-loss and take-profit orders: a stop-loss means selling automatically if you lose 10%-15%, to prevent further losses; a take-profit means selling once you gain 20%-30%, to secure your profits.

3. Manage your mindset and emotions

Stay calm: don’t let the market’s ups and downs dictate your actions; don’t chase prices when they rise or sell when they fall (for example, if Bitcoin suddenly surges, don’t foolishly rush in).

Don’t be greedy or panic: sell when you’ve made enough profit, and don’t think about earning more; if you incur losses, don’t act rashly, stick to your plan.