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The easiest mistake for newcomers in the crypto world is rushing to make money. Seeing others double their holdings, they want to follow suit, but the first wave of market fluctuations can knock them out.
Instead of dreaming of getting rich overnight, it's better to focus on solidifying your fundamentals. The most practical advice for new entrants is four words: Don't lose money first.
**Light Position Testing Is Most Important**
Suppose you have 1000 USDT in your account. Don't think about going all-in at once. Divide it into several small portions to feel out the market's temperament. When the market is unclear, stay on the sidelines; avoid leverage and definitely don't go all-in. The money lost can be considered tuition. If you notice your emotions starting to stir, just close the trading app. This trick is more effective than any technical analysis.
**Take Profits Immediately**
Once you have some profit, withdraw the principal at the first opportunity. Let the remaining profits continue to grow. Profits that can be withdrawn from your account are truly yours. Don't let unrealized gains on paper become a reason to increase your position.
**Risk Control Is the Lifeline**
Before placing an order, ask yourself: what's the worst-case loss? Stop trading for the day after losing 2 to 3 times in a row. If you don't understand the market, take a break; holding a position on the sidelines is also a strategy.
Contract trading can make you rich overnight or wipe out your account instantly. Before becoming an expert, use the smallest cost to hone your trading discipline and mindset. This is more valuable than chasing any so-called "wealth secrets."
Market opportunities will always be there, but your principal is only one. Those who can survive until the end are the ones who deserve to talk about future gains.