I guess you should follow your mentor. But you can't ask him about everything. He can give you an advice, but no more. That's why the single way to be a professional is to make mistakes and ask your mentor: how to avoid them in the future. Only, in this case, you will have an opportunity to understand the advice, based on your failure and make a strategy, how to operate in the future.

Yes, you can earn on following. But it has to be combined with the overall market scenario as well. Awareness about the happening in the financial world on micro and macro levels is important to fully trust a trading signal. Trading signals always require a stop loss to be put along while following a signal.

 They think so because cryptocurrencies have no intrinsic value. Nothing is backing them. Like a stamp collection or a work of art, their value depends on what other people are willing to pay for them. In the 1600s in Holland, there was a tulip bulb bubble, where some bulbs were worth as much as a house. Overnight, it collapsed and the next day they were worthless.

If you have no idea how to cut further loss or idea of market cycle.

Learn TA.
Understand blockchain technology and projects you are invested in.
Follow people like Tim draper, Mike novogratz and others. Listen to their interviews.
Write down your mistakes and never repeat them again.

I think the biggest one is lack of patience. Jumping in to buy a stock when everyone else is instead of waiting for it to settle back. Then selling at the slightest sign of a dip instead of holding it.

Rule Number 1: never lose money.
Rule Number 2: never forget rule number 1.
                                                     Warren Buffet

I have also some tips.
Be aware of the latest market trends and news.
Check the rates at least once a day.
If it’s not possible for you to keep a check on regular basis than be sure you have a friend or someone known in that field that can guide you well.
If you like to play safe with investing stuff than go only for amount you can afford loss.( cause there are many scams in this field one must be aware about)
Good luck, colleagues.

Have some tips too!!
Don't use it if you are not sure it is legit. There are so many good and well-known ones that you shouldn't have to ask yourself that question
However, if you want to use a newer unknown exchange, check for:
Does the exchange has unrealistic promotions = probably scam
Does the exchange offer credit card and bank deposit = less likely a scam
Does it have a long history? (Check domain age for example)

Personally I don’t have one, because the ones with low minimum worth are shitcoins.

Dash & Pivx would be the safest ones to go for . Although in my personal opinion just stick into traditional assets until the crypto “passive income” / masternodes gets more reliable. (this would be if you didn’t already have significant traditional asset income)

If I had to pick one it would obv. be Dash, but to me I’d need to have very high amount of money to even consider risking it for a Dash masternode.

 If we talk about ICO, I have some tips: ask yourself a few question and make a right decision: 
Is the website of a high quality?
Is the team for real?
Is the whitepaper professionally written?
Are the ICO’s goals realistic?
Don’t forget about the code

If you forget your password which you use after downloading JSOn* file, it is not a proble, You can use your private key in order to log in without JSOn* file and password. Good luck, be more attentive.

It think  Bitcoin and Ethereum are two different animals. They do not focus on the same market applications or services. Bitcoin facilitates cash transactions (and may someday even be recognized as cash), while Ethereum is a complex blockchain based contract mechanism. is not dedicated to moving and validating money. Although Bitcoin incorporates Smart Contracts (this intersects with Ethereum’s potential applications), Ethereum is a platform for a great many non-cash applications and services.

Hi, if you want to be a trader. You should be ready for the big losses. If you have enough patience and ready to invest much more time than you can expect. Gain new knowledges without any pauses,  learn how the market works, how you can earn on it, how to use your knowledge in order to be successful.  If you are not ready it is not a good idea to start!

Try to earn cash in other realms and then invest in crypto. Now really is a good time to buy more crypto and wait for the more expensive  price.  Moreover, if you are ready you can start trading in order to earn some experience. The price of tokens are not very high, that's why losses woun't be very big.

First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.

Really useful info for newbies in Trading! Thank author.

I am sure for now is a good time to buy and HODL!

Ok, thanks for info, I will study this project closer ...   

ICOS ID is the KYC support?

Is the project targeting a well established market or attempting to create a new market? this is not a question of ‘better’ or ‘worse’ it’s a question of risk. targeting a well established market is lower risk, attempting to create a new market is higher risk. There are many similar projects in this sphere (gaming ecosystem)...