Think carefully before entering the market — are you genuinely optimistic about the project's future, or are you just trying to ride the wave of popularity for quick gains? These two mindsets determine all your subsequent actions.

Once you've figured that out, it's time to plan your position size. Don't go all-in right away; that's a recipe for disaster. Distribute your capital reasonably to keep risks manageable.

During an upward trend, avoid greed; take profits in stages. Stop profit-taking when it's appropriate, and don't fantasize about eating the last piece of meat. Sometimes watching the coin fly away can be upsetting, but preserving your gains is always much better than losing everything. This is the art of trading — it's better to leave some profit on the table than to let your principal suffer.