looking at the high volatility of the alt season with Doge opening the floor gate for the alt season session. there are lot of risk involve in the market , for example pay attention to the exchanges you which to trade your prefer crypto currencies , that been said , liquidity of the exchange should be a looked into , because this determine the rate at which your orders such as buy or sell are executed , take for example you prefer to trade in an exchange that has low liquidity , if the price of BTC is at $38,000 and you wish to sell your holdings , due to low liquidity your asset might not be sold at that amount you want . so this should be what you need to be aware while applying risk management in this alt-season. supporting or contradicting opinions are welcome for discussion.
The best option is DON'T trade especially for newbies. You WILL get rekt unless you have nerves of steel. Invest in asset based cryptos like
Wise Token. Lock your money up for a specified amount of time then sit back and wait. This prevents you and everybody else from trading and getting rekt. Liquidity is huge which prevents wide swings in market. If not WISE then go with hex coin. It's bigger but more economically centralized.