"Buy on breaking news and when price soars" I think for me this is a mistake that i would advice newbie not to make. because firstly bitcoin is just like any other market instrument and the basic rule is buy when price is low and sell when high. So it's totally wrong to buy in a soar period
Why is it wrong? The newbie can not guess exactly when the price has not yet started to rise. And when he sees a clear trend of growth, then you can buy. So there will be confidence that the price will rise in a few days or weeks