# How to Start Trading ## **General Principles for Beginners** ### **Prepare for Losses** Losses are part of the learning process, especially in high-risk markets. Consider any initial losses as part of your “learning fee” and focus on improving rather than chasing instant gains. ### Only invest money you can afford to lose Only invest money you can afford to lose. Treat every dollar spent on speculative assets like a high-risk bet and avoid using funds meant for essential needs. ### **Stay Calm and Start Small** If you're feeling nervous or anxious about your investments, it's a sign that you're over-invested. Scale down, breathe, and remember that it’s okay to start with small amounts while you learn. ## **Steps to Begin Trading** ### **1. Choose Your Trading Strategy with Bitfoot** Bitfoot offers various trading features to suit different strategies, from **copy trading** (following successful traders) to **sniping** for new token launches. Take some time to explore Bitfoot’s features: * [**Copy Trading**](/bitfoot-bot/solana-trading/copy-trading.md) * Follow and automatically replicate the trades of experienced traders. This is ideal if you want to leverage the expertise of others without constant monitoring. * [**Sniping Tools**](/bitfoot-bot/evm-trading/auto-sniper.md) * Use Bitfoot’s sniping tools to quickly buy new tokens at launch, aiming for early entry in high-potential projects. * [**Manual Trading**](/bitfoot-bot/solana-trading/manual-swaps.md) * For those who prefer a hands-on approach, Bitfoot allows you to execute trades manually with built-in tools to enhance control. ### **2. Start Small** As a beginner, consider starting with small trades. This can help you get comfortable with Bitfoot’s features and reduce the impact of price fluctuations. ### **3. Monitor and Manage Your Portfolio within Bitfoot** Bitfoot’s tools like notifcations and [**trade monitor**](/bitfoot-bot/additional-tools-and-settings/trade-monitor.md) provides real-time tracking and management tools for all your trades and holdings. Track your open positions, see recent trades, and monitor your overall performance. Bitfoot also offers customizable settings for [**stop-loss, take-profit**](/bitfoot-bot/solana-trading/limit-buy.md), so you can adjust your trading strategy as you gain experience. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bitfoot.com/trading-guides/getting-started/how-to-start-trading.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.