Some advice for newcomers in the cryptocurrency world:

1. Don't trade during the day; it's better to trade at night. During the day, emotions can affect trading decisions, and it's harder to see the situation clearly.

2. Don't chase trades after making a profit; take your profits. Never think about making a second profit after the first one, as it can easily lead to losses.

3. Going long is beneficial compared to going short; unless absolutely necessary, never short.

4. If you have time to monitor the market, don't set stop losses or take profits. This is to prevent minor fluctuations from triggering stop-loss orders, which can lead to forced liquidation and affect overall gains. If you can't monitor the market, you must set them to avoid significant losses, even to the point of losing everything.

5. The purpose of trading is to cash out; regularly transfer a portion of your profits to your capital account or withdraw them. Human desire is insatiable; after making a profit, the temptation to earn even more can lead to reinvesting everything back into the market, resulting in total losses (based on my personal experience). Additionally, if you experience consecutive losses, don't invest more money; maintain control over your mindset.

6. For short-term trading, look at the 1-hour candlestick chart; go long on a second-tier rise and short on a second-tier drop. If the market is ranging and the future trend is unclear, refer to the 4-hour and daily candlestick charts to decide whether to go long or short. Also, set your take profit and stop loss accordingly.

7. Don't put all your eggs in one basket; try to separate your funds and diversify your positions.

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