Hey! I wanted to write this post to help out all of the newer people in the space.
A quick brief about me;
I started crypto (completely fresh) in January of this year & I had no idea what I was doing at the start (like everyone else). Fast forward 9 months later and it’s completely changed my life.
I don’t want to make this too long so I’ll get straight into it.
Understand almost all the information necessary to ACTUALLY make money in this space is not accessible by watching a youtube video, scrolling on a reddit post etc.
What I mean by this is, even the best traders total profits will not be more then 30% from just purely scanning coins etc.
70%+ of all traders profits comes from insider information. That’s the unfortunate truth about trading meme coins, but don’t let demotivate you. Once you can provide value, people will want to onboard you onto there groups, private groups etc. The only thing you need to be able to provide; is value, in any form. Even just being a funny person- that’s value. My life completely changed when I got access to insider information and I never would of been able to get to where I am without it.
Blame no one other then yourself; don’t be a victim.
This entire space is PvP, there’s winners & there’s losers. You need a titanium mindset to succeed and if you aren’t a winner then well you’re a loser its as simple as that, your better off investing your solana on solcasino and gambling it away because it would be better off spent there then here. If your mindlessly just aping on random shitcoins you will NEVER win, EVER.
Don’t have a loser mindset, don’t have a victim mindset, anything is possible and there’s opportunities every single day.
Never blame anyone, other then yourself.
I’ve seen so many people try and fail because they think its easy and free money, I would honestly say 95% of everyone I’ve met that’s started trading meme coins has failed and its genuinely just because of there mindset.
If you sit on reddit all day and complain you’re losing all your solana on meme coins, it’s no one else’s fault other then your own.
Fix your mindset, no one likes people with victim mindsets.
Take profits, lose small, win big. Trade little.
It doesn’t matter if Elon Musk himself tweets a CA and you’re in on it early. You always take 50% at 200%. ALWAYS.
Would you believe me if I said most successful traders have a barely 50% winrate? Yes, its true.
We buy a lot of things, and we sell quickly for small losses.
The thing is, if you’re down more then 20-40% on your position; you sell. It was your fault on either aping a shit coin / getting a horrible entry. Getting out at 20-40% makes your losses small.
One important key is to trade less, trade smart, don’t just buy for the sake of buying.
Don’t be the one trick pony dude.
Yes its possible to hit a 10,000x, will that happen? Probably not.
Say you have 2 people, one guy has been here since solana was double digits; he’s port is 100k and he started off with $100, the other started 2 weeks ago and cant differentiate between a rug and a organic coin, but hit a 500x on Moodeng and his port is now 500k.
Do you really think just because one guy is worth more off ONE lucky play he knows how the game works? No.
Don’t have your goal to make a generational amount off of 1 play, even if it happens it won’t make you a better trader. You need to show up everyday and give it your all, trust me its worth it.
Everyone I know, including myself, if you keep putting in the work, one day it will hit you; you just cheated life. You make money off things most normal people don’t even think is possible; and you do it everyday.
I’m grateful everyday for this, I’ll always be grateful.
If anyone has any more GENERAL questions to ask feel free to add my discord; burritoman84
Thanks for reading <3
submitted by /u/tacoeater72
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