Landing on the continent
After taking off from the dock of the first continent, set sail to the north, and travel along the west coast of the second continent until you reach the very top. The dock of the second continent will come into view. As soon as you arrive, you will be immediately assailed by the enemies that occupy the land. Your safest bet is to head south east as fast as you can in order to reach the safety of the hotel. Don't risk fighting monsters until you've established your safety. Of course, before you land, you may wish to take a short excursion to explore the nearby waters.
Before you arrive on the docks of the second continent, you may wish to explore the islands to the north of the second continent. At first glance, they appear empty and devoid of anything useful. The first island that you come to has an oddly colored section of grass right next to the dock. If you explore this portion of grass, you will stumble upon one of the Sandra's hidden shops! He has the following items for sale: Keys (160), Super Potion (320), Super Antidote (240), Ax (64), Power Short Sword (800), Helmet (320). If you don't have an Ax at this time, you may want to pick one up, but most of the other items are expensive luxuries that you can find elsewhere. Traveling a little further east, you will find a smaller empty island. But merely walking on to the island will net you a free Mantle, an item that you'll definitely be needing shortly.
Arrive at the hotel
Once you land on the dock, you'll need to race to the east in order to reach the safety of the harbor. If you haven't reached a high level of experience, then it won't take a long time for the enemies on this continent to reduce the Valkyrie's HP to 0. Once you've visited the hotel, you can begin to branch out again and learn where each of the different monsters hang out, and which ones are too strong to face at your current level.
Sell unneeded items
The shop next door to the hotel is probably the first shop that you will get to visit. In it, you will find the following for sale: Lamp (32), Potion (64), Antidote (48), Ax (64), Long Sword (160), Mantle (240). If you don't own a Long Sword, purchase one as soon as you are able. At that moment, you can feel free to sell your Short Sword for 8 gold. Purchase an Ax as well if you can afford it. You will need a Mantle as well, but you can wait to purchase one. Sell off any extra items that you don't need but do not sell the Ship. As crazy as it sounds, you are able to sell off your ship, but if you do, you will be unable to complete the game without continuing the game by entering a password (which resets all of the treasures in the world.)