Are you new to the crypto world and feeling dizzy? Contracts look intimidating, candlestick charts seem like hieroglyphs, and on-chain data is even more confusing. Seeing others share their profit screenshots makes you itch to join in. I’ve been there too, honestly paying my tuition in lessons learned.

Let’s start with contracts. Many newbies want to play with 100x leverage right away—that’s the fastest way to get liquidated. My advice is to start practicing with less than 5x, and the key is to learn how to set stop-losses. Stop-loss isn’t optional; it’s a matter of life and death. Many people don’t set stop-losses, thinking their judgment is flawless, but a sudden opposite move can wipe them out instantly. Stop-losses won’t stop you from making money; they’ll just help you survive longer.

Candlestick charts aren’t that mysterious. First, master the yin-yang candles, understand what support and resistance mean, then combine that with volume analysis—this will significantly improve your accuracy. It’s not some advanced secret; it’s basic knowledge. A common mistake is chasing the high and selling the low, which is exactly what the big players love to exploit. When you chase, they dump; when you sell, they pump. After getting cut a few times, you’ll understand.

To find truly promising coins, you need to watch on-chain data. Pay attention to the movements of smart money and big wallets—these real flows of cash are more valuable than any news. As for whitepapers and fancy descriptions from project teams, just skim through them; don’t believe everything. The real indicators are whether the community is active and if user numbers are genuinely growing—that’s the real deal.

Opportunities in the crypto space are plentiful, but so are the pitfalls. Many newbies only come to me after getting liquidated and reflecting on what went wrong. Instead of stumbling around and hitting walls, it’s better to learn some fundamentals early on and avoid unnecessary detours. Trading doesn’t have fixed rules, but the bottom line of risk management must never be compromised.