To MP, and all you other newbies out there who feel enthusiastic and invulnerable, BARE is waving the red underwear at you. Thank you, BARE, for this service.
careful there, MaxxP. Good way to lose money in a hurry if yurrrr a newbie.
It is most important to keep in mind that this is an educational channel, and the first thing you need to learn here is that no matter how easy it may appear to be, making money in the u-no-what ain't. And that there are many more ways to lose it than to make it. And that the u-no-what will seek out and identify your own personal weaknesses (like excessive greed, for example) and do its level best to take you down by exploiting them. Remember that Pogo quote?
So what's a newbie to do? My advice is to learn as much as possible by simply staying tuned to this station, subscribing to The Anals (which will ultimately save you tons of money as well as heartache) and initially keep your trading small scale and unleveraged. Resist the temptation to go whole hog and bet the farm on anything. 'Cause no matter how certain anything might appear to be at the time, the one certainty in this game is that nothing and I mean nothing is certain. Betting the farm on things will, sooner or later, lead to you're buying the farm.
So be prepared in advance to know exactly what you will do when you are wrong about things. There's more than one answer to this, of course, but the important thing here is to be consistent and never without a plan. Remember what blackbelt (hopefully not just of Blessed Memory) always used to say - Plan your trade and trade your plan.
And if you don't have a plan then do nothing 'till you have one. There will always be opportunities. And if you have questions post them. That, in part, is what the rest of us are here for. Most of your time should be spent in continued observation and learning and giving thanks for the powerful resource that this community of ours is.
The preceding was brought to you as a public service.