"Never be in a hurry" which basically equates to avoiding being caught in the FOMO is both the most basic and the most valuable advice that a newbie trader can get. But, as it always happens, it’s easier said than done. It’s super hard to resist betting big on crypto that’s pumping right before your eyes. That’s the thing about trading - it looks calm and somewhat boring from the outside, but on the inside, it’s an emotional rollercoaster, especially when it comes to crypto. But on the other hand, constantly restraining yourself results in lost opportunities. In my opinion, it always narrows down not so much to patience but to risk and money management, the factors that also were mentioned in the original post.