There are no calls or buying tips here, just the right direction and it’s all in your hands. How many of those who made a lot of money on memes were able to keep their deposits? I think not or at least not many. From my experience has led me to the next conclusions.
Big capital can only be made by waiting, not by flipping
If I had held at least a few positions that I really believed in, my bank would have been >$1 million. But when I saw a good profit, I closed the position.
Find flips with a potential of tens of X that you believe in and just hold them. You can flip for part of the position, but always keep the main one in the hold. The hold strategy, believing in the upside meme of the sector is good.
Don’t split your attention between dozens of memes every day
There are a big amounts of memes coming out every day with a pump-dump pattern that pump up to a few millions of cap and go down just as quickly. Don’t buy them for full deposit, you’ll be reckted in 90% of the time.
Sit back and wait for the moment when you see something really worthwhile that can gain momentum. Like Moodeng or GOAT. Overtrading will not lead to anything good.
Create off-market and passive income
If you have a coin dripping in every day regardless of the market, you have a much easier life. Your hands aren’t itching to flip another meme and catch a rekt. On the range, it’s a very good save and you stay on your feet.
Never get into futures
From the experience of others I know that if you are not a professional in this business do not get involved, it is definitely not worth it.
Define the narrative of the cycle and stick to it
I often notice how some people, after almost a year of hype memes, still deny them and reach for the past (NFT, retro, etc.).
Every cycle is special and different in its own way. If you want to make money, go where the money is. Fuck sitting around buying NFT that are dead.
Yes, memes are pure pvp, but it’s good reason to pump skills to trade memes well.
Mental and physical health
An important topic in the life of every crypto trader who trades memes every day.
I think everyone has felt how memes kill nerves, you can’t always be calm when your posture jumps -80% and +200% after you’re out. And often a sedentary lifestyle, all these things combined will get you completely fucked up. Bad moods, health problems, etc.
Make time for a walk and touch the grass or jog in the fresh air every day (really helps to clear your head, get the bad thoughts out). Or work out at the gym. Get rid of all that crap like alcohol and nicotine if you can.
It’s a shame if you can’t make a fucking profit, and you’re losing time and health. Or if you do make money, spend half of it on restoring yourself.
