To quickly escape the plight of being a 'newbie' in the cryptocurrency world and become a 'shark' in the market, you need to achieve the following seven points:
1. Adjust your mindset: Treat trading cryptocurrencies as a game, and don't worry about wins or losses. Only by doing this can you trade cryptocurrencies with ease.
2. Trade with spare money: The funds used for trading cryptocurrencies must be spare money that won't affect your daily life. Only by using spare money can you afford to take risks and let go of investments.
3. Learn quickly: If you want to trade well, you need to quickly understand practical technical indicators and strategies. Engage in more practice and summarize your experiences.
4. Be cautious in your first trades: Since 'newbies' have limited funds, practicality is crucial. Especially for your first trade, you need to prepare thoroughly to aim for a successful debut. Before operating, make good use of simulation systems to practice, and only after gaining some experience should you enter the market. Otherwise, you may get trapped or suffer losses right upon entering, which can significantly impact your confidence.
5. Protect your principal: Trading with money you've earned will make you feel more relaxed and allow for more flexible operations.
6. Develop your own method: To transform from a 'newbie' to a 'shark', you must avoid chasing prices and the mentality of being fully invested. Always remember that as long as you don't chase highs, a 'newbie' can become a 'shark'. Be good at learning and through practical operations, summarize a set of trading skills that suit you. This is fundamental to becoming a 'shark'.
7. Only trade strong leading coins and concentrate your funds: In cryptocurrency trading, focus on leading coins. Dispersing funds not only increases trading costs but also causes you to lose track of the characteristics of each coin's market trends.
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