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.
I agree with you and also support your opinion as well, but however before venturing into crypto trading, a newbie must know how to trade, learn about it and so on, this will help to shape the person into trading the right way.
The second thing that a trader must look at before trading on any exchange is the liquidity, and this is why top exchanges like Binance keeps growing because they keep getting more traders which then contribute as well to the liquidity. Another thing to pay attention to is the advanced features of the exchange and how user-friendly it is; most top exchanges have many trading features which makes trading easy for users, at the same time others have mobile application, which goes a long way in making the exchange easily accessible. Lastly, security shouldn't be taken for granted, it is true no exchange is secure, but as a trader you should play your own part the best way you can.