I am not new to this thread. But I am new in trading. Whenever I tried to start, I faced losses. That's why I am thinking that I should first get complete information about it and only then start it.
I second @Hatchy advice. Trading are for people made of iron, don't mind my language. I know knowledge and skill is important, but the best is mindset. No matter are knowledgeable or skilled you are if you not strong willed or calm minded you would loss all your accumulated profits.
I prefer holding coins with good potential. This can be found out by their utility, market cap, total supply, #DevelopmentTeam s as well as the community etc.
Never sell in loss except when the dip is something that affects the fundamentals of the token.
Panic selling is common in newbies, Even in experienced trader. That's why its advice trade what you are ready to loss to reduce emotional attachments.
Some people here mentioned losses. This is widely common with individuals using future. Don't future trade if you not skilled or experienced even if you are never use your full capital.
Spot is relatively better. There's nothing like liquidation.
In summary trade with caution. Even in Holding
Don't be too greedy and never be a Nocoiner. Take some profit continuously as the price increases and leave the remainder with a stop loss at the price you entered the market.