First the obvious.

• Always do your own research into coins you invest in.
• Never invest more than you're willing to lose.

There is a reason these are ALWAYS said. 

Now the not so obvious.

Emotions.

Dealing with money is always emotional because we will never have enough, add in Crypto's volatility and your emotions will reach new heights!  Help keep your emotions in check by...

• Have an exit strategy for each of your coins
• Stick to your plan
• Get time away from charts (especially on red days)
• Know that daily swings are a thing, your coin will go up AND down
• Know that there will be corrections/retracements/dips
• Learn to recognise FOMO and Panic, you will experience both!

If you're having trouble sleeping or waking in the middle of the night to check prices/charts, then you're overexposed .. take some money out of the market until you feel comfortable again.

Influencers.

The clue is in the name.. they are there to influence you.  They could be Social Media people, YouTubers, or even Celebrities.  They could be funny, charming and seem genuine.  They ALL however have an agenda.  Some could be pumping there own bags, some could be being paid to promote without disclosing, some might be trying to up their views to get a sponsor.

I am not saying not to listen, or invest in what they tell you to.  What I am saying is know that they are telling you these things for a reason, and always DYOR before investing.

Trading Vs Investing.

There is a difference.  Since you are reading this, you're probably an investor.  I will make a longer post on this, but for now know that most of the influencers out there are probably traders, so a lot of what they say will not be relevant to you.

Paid Groups.

Paid Groups, Signal Channels, and Pump and Dump groups are all scams.

Paid Groups that promise to teach you how to make a fortune for $50 a month are just fucking outright scams!  When you think about it, If they knew how to make a fortune they just would!  Probably on a sunny beach somewhere surrounded by half naked people.  They certainly wouldn't be spending their time teaching you their secrets.  They are just getting money from you while minimising their own risk.

Signal Channels and P&D groups are scammy, however, I guess you can make money out of them if there are enough people in them and you get lucky.  The most likely scenario though, is the person running the group and their close friends will all cash out while you are still buying, causing you to be left holding the bags.

Always DYOR with these.

Leverage.

Using leverage is a double edged sword!  You can absolutely make a fortune with leverage, but you can absolutely lose a fortune also.  Personally I just use Spot, but I would suggest everyone gives leverage a try to get it out of their system. Just make sure to... 

• Use small amounts so that your upside is unlimited but your downside is contained.
• Learn about the tools available to you beforehand, like stop loss, take profit etc.
• Use a practise account first before trying with real money.

And finally, things that are said every single cycle....

• This time is different.
• Up only.
• There will be no corrections now that institutional money is here.
• We will never see sub $*insert amount here* Bitcoin again.
• The halving is priced in.
• Binance is going bankrupt.
• BTC will be $1 million per coin.