How to get started as a newbie?

Brother Long will tell you a few words: Come, come, come, all look over here——

1. Basic knowledge enlightenment: Understand the rules before discussing operations

1. Perpetual vs Delivery: Newbies often encounter perpetual contracts (which have no expiration date and are relatively simple to operate), but this also means that risks persist. Delivery contracts have fixed settlement dates and are more complex.

2. Leverage is a double-edged sword: The core risk point! Leverage can amplify profits, but it can also exponentially increase losses! A small fluctuation can lead to significant losses! Newbies must start trying with extremely low leverage and deeply understand its destructive power before considering increasing it.

3. Stop-loss is a lifeline: Stop-loss must be set! This is the only effective means to control the upper limit of a single loss and protect the principal! Set a reasonable stop-loss range based on your own situation and strictly implement it.

4. Platform choice must be cautious: Safety is the top priority! Be sure to choose large platforms with a long history, good reputation, and relatively sound regulation (if any). Carefully compare costs such as transaction fees and funding rates. The risk of small platforms running away is extremely high!

2. Risk management: Surviving is more important than making profits!

1. Refuse to "hold the position": Firmly stop-loss and exit! Preserving capital is always the top priority; don’t fantasize that the market will turn around.

2. Stay away from high leverage temptation: High leverage (far beyond what you can bear) is a fast track to liquidation! Data shows that accounts using excessively high leverage have a very high liquidation rate! Restrain greed!

3. Never "all-in": No matter how optimistic you are, always keep enough spare funds as a risk buffer (for example, over 30%). The market is unpredictable, leave yourself an escape route.

3. Absolute red lines that must not be crossed!

Stay away from skyrocketing "meme coins": Short-term abnormal surges often come with huge risks and can easily make you a "bag holder".

Avoid high leverage all-in: This is the fastest way to liquidation, akin to gambling.

Refuse to trade without stop-loss: This is irresponsible towards your own funds.

Note: The cryptocurrency market is extremely risky, price fluctuations are severe, entering the market involves risks, and trading must be cautious!

Alright, meeting adjourned! (Want to know more?——👀🐷🌿)