Understand the following principles, and you will take fewer detours.
Before trading as a novice, don't talk about making money first; focus on mastering the following basic operations before discussing profits.
Do not download software carelessly, do not open links carelessly; every year, many people lose their coins due to theft. Just yesterday, someone was robbed. There are many pitfalls in this circle, and newcomers can easily fall into traps!
Advice:
✓ No matter how impressive a project is, if you miss it, don't chase the high; there will be opportunities for a pullback.
✓ Either enter very early—low market cap, high risk-reward ratio.
✓ Or enter after understanding it—this way, you can manage take-profit or stop-loss effectively.
✓ Or enter when there is a certain opportunity—high margin of safety.
X Do not enter during FOMO—it's irrational, impulsive, and likely to lose money.
X Do not enter when you do not understand and it has already reached a new high—you won't be able to hold it, and may either cut losses or run with minimal profit, leading to a high probability of losing money.
Key point: To make money in the financial market, you must be patient. Without a reliable source of information, you must honestly wait for opportunities. You need to be more patient than others to make money from them.
As an investor who has been navigating the crypto space for many years, I am willing to share my experiences and insights with you. If you are interested in the crypto space but don't know how to get started, feel free to follow my profile, and let's explore the mysteries and future possibilities of the crypto world together. Click on my avatar to find me.
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