create a set of rules that continuously evolves and can be adapted to different market conditions
aim to NEVER break these rules
discipline is what sets a part profitable and unprofitable traders
no matter how much you like the coin, if it's launched within the past few hours, there's a very high chance it will dip at least -50% (most likely 70-80%)
wait for this dip
if "everyone's in" and expecting higher but momentum is lost (possibly due to external factors, e.g. vamps, catalyst complications), there's a greater chance of lower first
keep your cool and don't blind-buy during the early stages of runners/launches. buying out of fomo, without fully understanding what's going on, will only lose you money.