As a newcomer, remember this: never get too excited and go all in!

When you just enter the market, you might have at most 1000 USDT, so don't think about getting rich overnight.

The best way is to divide it into 10 parts, using only 100 USDT to test the waters each time, with a 20x leverage, that's enough, don't get too carried away. Put the remaining 900 USDT in financial management; if you really lose, don't think about averaging down. First, summarize your experience, take a few days off; there will always be market opportunities, so don’t worry about missing this one.

When you invest next time, use the remaining money and divide it into 10 parts, with each part being 90 USDT. Take it slow and aim to turn the tables. If you do make a profit, for example, earning 300 USDT, take out 100 USDT to continue playing, and directly transfer the 200 USDT to secure your gains.

Trading relies on rhythm and mindset; don’t expect to win every time. Even for experts, a 60% win rate is considered impressive. If you bet everything on the wrong direction once, you could lose it all; all the previous profits would be in vain.

So: controlling your position is the hard truth!

Also, never trade when your emotions are unstable. If you lose 2% in a day, you should be alert; if you lose 6%, clear everything and take a few days off. For increasing your position, either add immediately or wait for a clear pullback, using a pyramid method, and don’t increase your position as the price rises.

For trades with profits exceeding 200%, remember to set a take-profit level: withdraw half if it retraces 40%, and take the other half out at break-even. Missing a market opportunity is not scary; losing everything is the nightmare.

Lastly, a reminder: never go against the trend. Enter the market infrequently and strike at the right time to survive longer and go further in the cryptocurrency world.