Just an ordinary guy living an extraordinary life.
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I'm like a modern day, Dwayne "the rock" Johnson.
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Can someone teach me how to be this cool?
#srslytho
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you have a group of traders asking themselves this question.
Do I think the coin will go up, or down from here?
We aim to be the SECOND group of people buying this "short term bottom".
Why the second you ask? Why not the first? Well because I'm a friggin wolf, not a sheep
and approximately 50% of the time, all the time, the answer to that all important question is :
yes, it will keep going down.
Now the trading strategy behind this is more complex, and I will most likely go into more detail in later posts, but to summarize, our goal is
take trades at known price regions that have high probabilities of reversing (going up).
Want to know the second most important part of being a profitable trader? (or maybe the first depending on whom you ask)
#followme for more #TradingTips
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$$FREE MONEY$$!
memecoins represent a perfect example of how supply and demand influences price action.
There is no barrier to entry, there is perfect liquidity, and the ONLY reason people are buying is because they think "me buy, price go up"
The meme coin arena is ...
#tradingtips
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an interesting place because it is one of the few areas where people will through around millions of dollars without much research.
A traditional investor might spend days, weeks and months creating a trading strategy and deciding whether or not to invest in a company.
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The only reason the price, of any asset, will go up, is because there are more people buying it (or more people buying with more volume) than there are people selling.
Meme coins are, in a sense, an advertisement.
Each "dev" creates a coin, but more importantly...
they are creating a narrative.
The question they are asking us (the traders) is : do you think this coin will be more valuable in 1, 2, 4 or 24 hours?
In rarer cases we are tempted with ... do you think this coin will be worth more in 1,2 or 10 days?
I'd be curious as to what questions others ask themselves when trying to evaluate this?
We can look at social traction.
We can look at current events (often the most popular memes are linked to viral events)
We can, with a bit of investigative research ...
look at other coins created by the same dev and see if they were able to create "success" and to what scale.
In these cases we are using, a semblance of an educated guess to determine the future....
I will pass.
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The ONLY trade that I want to make is a BOTTOM REVERSAL.
Go google it! Look it up. It's free money if you can do it well and consistently.
You see, when a coin has already been established (worth >$1million) it has validated the most important hypothesis.
Will people buy it?
Now that I can know, that others will buy this. I simply have to wait for an optimal time to buy (optimal meaning less than what others are willing to pay for it)
The key in this case is profiting off of others uncertainty.
Unfortunate as it may be, in order for me to close a trade in profit, it means I must take money from another.
This opens a philosophical conversation, but for now we will assume everyone is an educated investor spending funds they can afford to lose.
This is unfortunately not the case, but alas -- the world is imperfect.
Once again, I focus on bottom reversals. If you could short meme coins maybe I would trade tops -- but we don't have that capacity (in most cases)
After a large sell off