a coin doesnt need a team
it needs one delusional person that can run the twitter account and keep it active, followed by a bunch of holders that bullpost
thats literally it
the rest is just noise
Society wants you to be a controllable peasant
Your girlfriend wants you to simp for her
Your friends want you to do good, but not better than them
Basically, nobody really wants you to shine bright, except YOURSELF.
Lesson in that.
Trench skillset:
To be a great trader (or one of the best) - you need to master or be advanced in 3/4 skills.
Wallet Tracking:
I would say majority or average traders would lean more advanced in this category -> however, this trends into shorter hold timeframes. Regardless, always good to have a pleothra of wallets that you consider good traders that tend to identify narratives quicker than others or "insider". If you sleuth enough, you might bump into the right ones or excel your portfolio just copytrading, though relying on this strategy requires you to be online pretty much most of the day and doesn't you give you the "wagmi" trades unless you get super lucky (but you'd probably paper anyway) due to noise of other confluence traders.
Execution:
Pretty simple, the ability to guage how high the narrative or valuation of a utility/product token can go based on mindshare, mechanics, or catalysts aka the "ceiling". You size based on your risk management and entry the market presents you -> then exit once catalysts and attention shifts/dies down on what you believe is the top.
Narrative hunting:
Your ability to DYOR. This requires you (yourself) to research whether or not a meme or utility has the potential to multiply its value in the coming days/weeks/months/years depending on what you're trading. Once you've found a "good" narrative, you then formulate a thesis on what makes it great, undervalued, potential to moon, and certain catalysts that come into play that can prove that thesis into existence. A more rare-skill since traders actually have to use their own mind, knowledge and experience to guage targets and potential invalidations. This also ties into execution category, if you can master these two -> you should be in the higher % of traders in the market.
Mentality:
Last but not least which i find crucial to trading is your mentality. Being self-aware of your current state whether you're running off momentumn of continued success or coming off a losing streak, but ultimately implementing discipline because it is important to understand what type of trades you have a consistent high win-rate on or what trades you prefer to take based on past knowledge or experience that you've encountered before.
Emotional control: trade at your best mood with a clear mind and 0 distractions. Don't be frustrated when you trade or let the emotions get the best of you -> you either miss trades by doing this or lose money, have confidence in yourself first. Additionally, the ability to know when to take the finger off the trigger and not allow yourself to succumb to FOMO or bad market conditions where you don't have an edge.
Conclusion:
If you master at least 3, you're probably a high-skilled trader above the rest. If you want to trade like the best then you have to be like the best. Always a student of the game; never let the money build an 'ego" -> having confidence and ego are two different things. Stay humble as there are always bigger fish out there.
shoutout to @wallahitrader for creating this diagram in Voice-chat.
HOW TO AVOID FAKE VOLUME ⚠️
Bundles use to easily migrate in 1 txn then rug after bonding but now they slowly let it run and rug mostimes even 35% bonding curve
The only way to tell it's fake volume even though bundle check says it's not bundled, is volume to fees paid ratio by dividing the volume by the mcap
the fees are around 1/20 of volume
so like for 1m vol normal fees will be from 25 to 60
if its less than 1/30th the coin is either bundled or straight up going to rug because volume isnt real
We see it most times fake volume the coin is running then straight up 1 clips to zero
Just volume by mcap to know the right fees which means organic volume anything lesser than that fee is a farm and would rug either slowly or instantly
This works like magics
Anyways trade with me
https://t.co/nCeEn1brtS
This strategy can be applied across platforms
Stay safe and protect your capital
O lado bom de estar começando agora nas trincheiras, é que ela está extremamente difícil
Se eu pegar um volume nível trump ou gork eu sinto que vou extrair bem