Just some random tips for beginners:

Emotion really kills the profits. Makes one sell low and buy high and that is when your trading account gets slaughtered. Have tight stops and don't put all eggs in one basket, cut the losses quick and let winners ride but don't hesitate to take profit!

And one more, if something is getting hyped from the the rooftops by many people, you're probably buying a top as they are unloading. Wait for a pull back, this time you can spend on actually reading about the project.