Five major trading tips for novices:

⚠️ Worth learning, forwarding and collecting, a must-read for newcomers.

Market maturity warning: The cryptocurrency market has transformed from the wild early days to an arena between capital giants. Today, it is becoming increasingly difficult to get rich overnight through cryptocurrency. Even when the bull market comes, only a few currencies can make waves.

Contract trading: Full-position Soha and high-leverage operations seem tempting, but there are huge risks behind them. The core of trading lies in reasonable position management and flexible operations, rather than blindly betting everything. High returns are accompanied by high risks, so don't be greedy.

Market sentiment trap: When a currency is wildly sought after, it often means that its peak is near. If you are already holding at a high position, it is time to consider profit taking; if you have not entered yet, act cautiously and don't be the last one to take over.

Battle of mentality: Wealth will not favor impatient people, and only by staying calm can you make wise decisions. Don't get carried away when you make a profit, and don't fall into self-blame when you lose money. Remember, "profit and loss come from the same source", summarize experience in time, and avoid emotions affecting transactions.

The cruel truth of contract gambling: Most contract transactions will end up with zero, which is a cruel reality, almost 100% accurate. People's desires are endless, but few people can really control their gambling nature. Even if the first 100 transactions are calm, as long as one loses control, all the gains and principal may be gone.