Experienced Traders Discuss the Essence of the Primary Market
Advantages: Coins in the primary market are not affected by BTC, they are of the spot type, and can easily experience rapid increases (ten, hundred, thousand, ten thousand times)
Disadvantages: 99.9% of coins quickly drop to 0; any coin that survives more than a day is considered a good coin.
Summary:
Lottery-style gameplay is unrealistic.
Check addresses, review narratives, analyze data.
The core strategy is to play new coins released on the same day, which can yield high multiples. Based on experience, find 1-2 coins that are likely to have a higher survival rate that day; experienced traders do this every day and make a profit.
I personally prefer the pullback strategy because I understand the charts; there will be more opportunities for pullbacks. The success rate of rebounds off moving averages is lower than the golden crosses of indicators like KDJ or MACD, but it still depends on the type of coin. As for celebrity-endorsed coins, I regret to say they are just a trend; they are only suitable for early purchases.
Key buying points are the golden crosses on 15, 30-minute, 1-hour, and 2-hour charts after a significant drop and pullback. If it seems like a trap, sell quickly and wait to re-enter at the next level. Those playing in phases must be able to customize indicators.
Many experienced traders tend to average down, which is extremely dangerous in the primary market; absolutely avoid random averaging down.
Position management should be divided into 10 parts, etc., to avoid heavy positions.
Excluding luck, making money in the primary market requires very rich practical experience.
If someone tells you to buy the internal market in the primary market, it is highly likely they are a shill, and the coin they promote is likely a conspiracy coin, with many coin-holding addresses being phishing addresses, self-directed scams, just like the Pixiu coin scenario where you suddenly buy in and it crashes to 0.
Also, those pre-sale coins, pre-sale groups, minting, and private placements by fellow countrymen are basically scams.
Unless you are very familiar with the narrative of a coin and its developers, you might consider buying that internal market coin, which is known as the sniper strategy.
Do not hold onto the belief that such projects will reach a large market value, and do not assume that a high real-time transaction volume means success. Everything should be based on candlestick charts, and pay attention to even the 1-minute chart as a small level.
In pullbacks, I have encountered the highest rapid increase of more than 200 times, as shown in the chart; I participated in that at the time.
