If you’re new to memecoin trading, you need to know that understanding what makes or breaks a trader is the first step to following the steps of these successful PNLs you see online.
Our take is that insights, intelligence, signals and knowledge is what sets a good versus a bad trader.
Who would have thought that being well-informed can actually result in more strategic trading?
Unsuccessful traders often are victims of crypto scams, such as rug pulls and DeFi wallet scams. The reasoning is simple. If you keep chasing false promises and in too-good-to-be-true scenarios, you end up repeating past mistakes more than you’d like to admit yourself.
Don’t be easily convinced by trending (or seems to be trending) memecoins and invest without enough research. This does NOT mean that intelligence is more important than speed and risk management strategies, it’s a variety of these factors that sets you up for better.
Take the time to develop a strong understanding of market trends and behavior, get to know the past to predict the future.
What would you say makes a successful trader?
submitted by /u/solanasniffer
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