How can a novice avoid pitfalls when entering the market?

1. Don’t play with small currencies

Most small currencies are used to cut leeks. If they fall, they will return to zero directly, and the fall will be more than 99%. If the market value is small and you have never heard of it, don’t play with it. Choose mainstream currencies.

2. Don’t expect too much. The era of ten times or a hundred times in the currency circle has passed. Now that major institutions and elites have entered the market, there are no big dividends. It is very good to be able to double. If a novice does not lose money, he has already defeated more than 90% of people

3. Don’t put your money in an unknown wallet. If you have a big capital, it is recommended to put it in your wallet, because the exchange also has risks. If it is a small wallet, there will also be a risk of running away

4. Don’t play ultra-short-term. The currency has a big rise and fall. It is also very common for Bitcoin to fall by 20% a day. The altcoin is directly cut in half, and it is difficult to control the short-term.

5. Set stop loss and stop profit

Set a goal for yourself. If it falls to a certain position, execute it resolutely and exit. If it rises to a certain position, sell it resolutely, and don’t care how much it rises later. Many people lose money in the bull market because they don’t stop profit in time.

6. Don't bring all your capital. It's too risky to invest in Coin⭕. There are risks in both depositing and withdrawing money. It is recommended to use your own spare money and small funds to practice first.

7. Keep learning knowledge. People can't make money beyond their own cognition. Even if they make a lot of money at the beginning, if their cognition is not up to standard, they will lose it quickly. They may also be responsible for a lot of things. They must keep learning and improve their cognition.