How to play for beginners?

A newbie lost 300u in a week, this is my first time entering the crypto world.

1. I bought 100u worth of altcoin spot, because I didn’t understand, I saw that with 10u I could buy millions of them, thinking I could get rich if it went up, just like Bitcoin. I bought things like bob, and it dropped by more than half, feeling deceived, so I sold it, leaving me with 30u from 100u.

2. I saw the contracts and contract events in the square, at first I didn’t understand the contracts and was too lazy to figure it out, but the events were simpler, like guessing big or small. So I played a bit, the more I played, the more addicted I became, I lost 5u a few times which was painful, then I directly gambled 56u and still lost it all. I am now in a permanent cooling-off period, having lost a total of 100u. Later I thought about it, winning once on events gives an 80% return, which means that even if you win or lose 50-50, you will still lose 10%. It’s meaningless, so I stopped playing.

3. I started studying contracts, at first I didn’t understand, I directly shorted an altcoin with 10u at 75x leverage, and in one second I lost 22u, which frightened me so I quickly closed it, my first contract loss was 25u. Later, I saw a mask that was plummeting, I shorted it and made over 70u (I had previously posted about it), which made me very happy. But then I played altcoins for two days and lost a total of 100u, giving back what I had made 🤮

4. I stopped playing altcoins and just watched ETH and BTC, then watched others analyze and place orders, with both gains and losses. In the end, I lost everything this time because of ETH last night; I got liquidated due to holding my position. You can hold through countless successful retracements, but getting liquidated only takes one time.

OK, in conclusion, don’t play events, don’t use high leverage and large positions when trading altcoins, don’t hold positions if you need to cut losses. If I hadn’t held that position last night, I would still have 40% of my position left. Lastly, brothers, please follow me, I will share my experiences in the crypto world, and we can learn and discuss together.