Newbies in the crypto world should pay attention to avoid pitfalls.

1. Basic Knowledge Demystification: Understand the Rules Before Discussing Operations
1. Perpetual vs Delivery: Newbies often encounter perpetual contracts (which have no expiration date and are relatively easy to operate), but this also means that risks persist. Delivery contracts have a fixed settlement date and a more complex mechanism.
2. Leverage is a double-edged sword: 🚨 Core risk point! Leverage can amplify profits, but it will also exponentially amplify losses! A small fluctuation could lead to significant losses! Newbies must start with extremely low leverage to understand its destructive power before considering increasing their position.
3. Stop-loss is a lifeline: you must set a stop-loss! This is the only effective means to control the maximum loss on a single trade and protect your principal! Set a reasonable stop-loss range based on your situation and strictly adhere to it.
4. Choose the platform carefully: Security is the top priority! Be sure to select a large platform with a long history, good reputation, and relatively sound regulation (if any). Carefully compare costs such as fees and funding rates. The risk of small platforms running away with your funds is extremely high!

⚠️ 2. Risk Management: Surviving is more important than making money!
1. Refuse to "hold the position": resolutely stop loss and exit! Capital preservation is always the top priority; don't fantasize that the market will turn around.
2. Stay away from the temptation of high leverage: High leverage (far beyond what you can bear) is the fast track to liquidation! Data shows that the liquidation rate for accounts using excessive leverage is extremely high! Restrain your greed!
3. Never go all in: No matter how optimistic you are, always keep enough reserve funds as a risk buffer (for example, over 30%). The market is unpredictable, so leave yourself a way out.

🚫 Three, the absolute red lines that you must not touch!
Stay away from wildly surging "demon coins": Short-term abnormal surges are often accompanied by huge risks, making it easy to become a "bag holder".
Avoid high leverage all-in: This is the fastest way to liquidate, equivalent to gambling.
Rejecting no-stop-loss trading: This is irresponsible towards one's own funds.

⚠️Attention: The cryptocurrency market is extremely risky, with severe price fluctuations that may lead to the complete loss of principal and even debt. The content of this article is for educational exchange purposes only, sharing common knowledge and risk points in the market. Entering the market carries risks, and investment requires extreme caution! Please make decisions independently based on your financial situation, investment experience, and risk tolerance, and do not blindly follow trends! Before participating in any trading, it is strongly recommended to study thoroughly and fully understand all associated risks. Entering the market carries risks, and trading requires caution! #BTC#