If you've been unprofitable trading memecoins
My best piece of advice is to start hunting for good wallets to track
No other market is this transparent & has a public ledger for you to see every single transaction that happens
1. Go through my daily recaps
2. Choose some tickers that ran like crazy
3. Go on @dexscreener, look at the top traders
4. Go on @CieloFinance to check profitability
5. Repeat until you find high win % wallets
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A thread 🧵
There is really no specific blueprint that always works to make the most amount of money:
*Coin goes 100x and you sold at a 10x.
"Hah newbie, only strong holders make money!"
*Coin goes 7x but you waited to sell at a 10x.
"Hah newbie, only people who don't marry their bags make money!"
Every single scenario will be different.
"Damn, you know about that person that held that memecoin and made a million? Holders truly win"
Sure, and all those other 9999 coins not only round-tripped but went to 0.
A blueprint that works in every single scenario to make the most amount doesn't exist.
What does work?
Taking initials out early and leaving a moonbag or slowly scaling out.
Is it the most efficient every time? No.
You will have less if it turns into a real winner.
Will it save you money if things go south? Yes
You will have more if it turns into a real loser
Nothing is the most optimal method because no single individual has a crystal ball.
But something that does work every single time if you are able to leave your greed and fomo out?
Profit-taking and a moonbag.
Consistent profit or lucky profits?
Statistics vs the lottery?
You choose.
But remember: statistics always win if you apply it on 100 people in the room.
Nova out 🤝