I am most certainly a noob who just invested all my money in pirate.
The lesson to learn here, then, and the first step to leave your "noobness" behind would be:
Quote from: absolute truism, but never said enough
Never put ALL your anything in any single place.
Edit: Ok, I'm just realizing the sarcasm...
Anyway, the post stands, addressed to the real noobs out there...
The mathematical expression of this simple truth is the Kelly criterion.