I read a lot of posts in which beginners lose a lot of money.
If I can give a little advice that is only my opinion when you are starting out:
- even if you have a lot of money, do not put large sums on your positions (if there is a drop you will be able to compensate for these drops of 10%, 20%, etc.)
- don't forget that the market is volatile and that a value that falls will go back up at some point. The main thing is not to block your portfolio with too large commitments.
I give you an example:
I really like #LUNC , I have been following her since her crash and I have earned thousands of dollars thanks to her why? I have never closed a bearish position, even when it went from 0.00017 to 0.000055. I was potentially losing -70% but I put back $100 and multiplied by more than 5 when it rose to 0.00025. While recovering all my bearish positions.
Another thing for beginners:
Do not position yourself when a stock has increased by 30 to 50% within 4 hours. Don't buy too high.
And finally, even if at the start you only earn $10/20 per day, tell yourself that this is a bonus in your life.
⚠️ Disclaimer: This is not financial advice, do your own research before investing in cryptocurrencies.