How should a newbie trade in cryptocurrencies?

Newbies are weak hands, due to lack of market experience, poor concentration, lack of technical analysis and cyclical belief support.

Generally, after getting on the train at a staged high, they often panic and sell at the bottom, making mistakes again and again.

Or they want to earn the difference and accumulate more chips, repeat the bands, and frequently operate, but the loss is even more serious in the end.

The correct approach is that usually when you find that you are trapped at a staged high, it is already too late. At this time, most of the cases are that the main decline has been basically completed, or is about to be completed, either in the negative decline, or a new low is broken, and a new upward trend will be started.

In this case, there is no need to panic too much, because we can stick to the node where the bull market frenzy has not yet arrived. This can not only exercise our concentration and stress resistance in the fluctuations of prices, but also wait for a new upward trend and break a new high.

After experiencing this complete process from getting on the train, to holding positions firmly, and finally selling at a profit several times, you will have more and more confidence and ability to make money.

If you lack the necessary patience and ability to withstand stress, and perform repeated operations, or even intend to use contract leverage to quickly recoup your investment, it will often only backfire, and may even lead to the disaster of your assets being completely reduced to zero.