Playing with meme coins has led to many losses, so I've summarized a few life-saving experiences to share with you.
Don't go all in, even in the hottest communities, leave some room for fallback.
Spread the risk, only invest 500 U in each project; don't rush in with thousands just because you made money on the last one; 99% of meme coins are traps.
Consider it gone once you buy, don't keep staring at it; if it drops, don’t rush to cut losses. Meme coins are highly volatile, and reckless trades can lead to even greater losses.
Don’t try to catch the bottom, 500 U is just 500 U; don’t increase your position when it drops, as averaging down can easily trap you.
Don’t chase highs, even the hottest coins shouldn’t make you FOMO; when you rush in, you might end up being the bag holder.
Take profits when you can, if you double your investment, cash out half to secure your gains; don’t be greedy thinking it will go even higher.
Last year, following this approach, I missed a few hundred times gains, but overall didn’t lose and even made a bit. The worst time was when I got greedy after making money, went in heavily on the next trade, and lost everything. The meme coin market punishes those who are not cautious; you think this time will be different, but you still get burned. So remember, stay rational; it’ll help you survive longer.
For the upcoming strategy, I will guide everyone to target the lucrative opportunities in meme coins, expecting a space of more than 10 times is not a problem; like + leave a comment to get involved.