Diligent people are still grinding for points, while smart people have already reached the next level.
The idea is to find opportunities to make money in waves from the alpha mechanism, avoiding wear and tear while earning some pig trotter rice, a two-for-one situation.
The key point is to enter and exit quickly to avoid being trapped.
The crucial factor is determining who to buy today based on several factors to ensure that you won't get caught.
How to develop a strategy for making money in waves?
1. Identify the factors to focus on:
Chain selection
Trading volume
Project fundamentals
Finding buy points after a pullback
Avoiding chasing highs
Current price
Initially, when grinding points wasn't so competitive, my strategy was very simple and straightforward:
Choose targets that are currently at a low position, hold them, and wait for the price to rise before selling.
In the early stages, this strategy indeed earned me a few meals of pig trotter rice, such as buying bank, clanker, etc.
When everyone had a methodology for grinding points and had to grind every day, I found myself unable to reduce wear and tear, instead falling into a negative cycle of being trapped and continuously losing.
Now I realize the problem lies in: forgetting the relationship between alpha point acquisition airdrops and speculating on waves using the alpha mechanism halfway through.
Observations and conclusions on different chains:
1. Try to choose strong whales during the upward phase.
2. Buy in the form of limit orders.
3. Sell in the form of limit orders.
BNB has the most currencies, but the quality is more mixed; targets like GM/Jager/boop usually experience a 50% or more drop in the market during these days.
Selectable targets: bank, fhe, aiot, zkj, b2, skyai.
Base has very few currencies, with alternating rises and falls; the price performance is relatively stable, making it a good choice to enter during pullbacks.
I am more familiar with $clanker $luna.
Sol:
There are many targets because the current trend is still in the AI track; prioritizing AI targets is a good choice, and the current pullback in AI is a nice option.