I entered the coin market about a year ago through the Binance app. At first, I knew nothing about stocks or coins, didn't understand support lines, candles... I only knew to buy when the price went down and sell when it went up, and I lost money, although not much, because I was just testing with a few dozen USDT. Then I thought it felt like being scammed when the buy order increased the price and the sell order decreased it. So I stopped playing until October this year when I reopened Binance and sold all my old coins for 50 USDT. I don't know if it was luck or because I later started watching the indicators and predicting price movements quite well, but I added another 300 USDT, and within 2 weeks my account balance reached 500 USDT. Profit ~45%. Of course, if you invest more, you can earn more, but you can also lose a lot if you miss the timing or make a mistake. So new traders should pay attention:
1. Don't invest a large amount in meme coins; play with 1/5 of your capital to get familiar with the market.
2. For Alt coins, check the ecosystem information, look at the charts for 5 minutes, 15 minutes, 1 hour, 4 hours... to find signs and time your investment with 2/5 of your capital.
3. The remaining 2/5 of your capital should be invested in stable coins like $BTC or $ETH; these coins change price over a longer time, and the price may change significantly with any notable events.
4. After allocating your investments, you must maintain a stable mindset and know what stage you are in because acting at the wrong time will always lead to larger losses.
Finally, I wish you all clear-sightedness in your buying and selling decisions!!!