Memecoin Trading & Strategy So Far

Hey guys, unfortunately I have exhausted and lost my liquidity for trading meme coin, it was a great run, I loved it and now I can’t stop thinking about it. It’s fun because the risk is far lower than the reward. With $10 you can make $1,000 and more. That is if the token goes up 100X, depending on your entry point, but it comes with a lot of emotional strength and rollercoaster. Imagine hodling a token from 90k market cap to $2 Million, then it dipped back to $100k and went up to $30 Million market cap. People that held all through watched their money go from $50 to $500 then from $500 down to $70, then watch it go to $15k after that. Imagine being in that situation, I am sure a lot of us would have left after the slightest 40% dip.

I experienced this exact thing when I was trading memecoins on the Starknet chain, although this was not my fault. The Starknet chain is not saturated and doesn’t have a lot of trading liquidity like the Solana chain or Arbitrum chain. So people figured a way to bot trade them before launch making it an unfair launch. Imagine a token tanking few minutes after launch. So I lost my trust trading memecoins on the Starknet chain, but a token I sold off at loss pumped 300% after I sold it off. Once again, I learnt a very big lesson after that. I attached too much emotions to my trading and the reason I did that was because I didn’t invest what I could afford to lose. When you do that, you get too attached to your trading.

Another thing I have learnt is having a lot of liquidity and diversifying them wisely. Don’t put all your eggs in one basket, it’s a memecoin, see them as a dangerous snake that can make you profit or make you lose all your money. So it’s not wise to put all your liquidity in ont même coin, diversify them, don’t be attached to one chain, there are opportunities everywhere, just do your own research.

Solana is quite saturated right now, in my opinion though, Ethereum is saturated too, Arbitrum has been quiet, people are about to flood there with liquidity. Starknet is quiet, memecoins are coming up but liquidity is very low, but watch out for the space afte the airdrop, the airdrop is expected to be here by January 10th. If you want to early on some memecoin gems, watch out for the space.

Posted Using InLeo Alpha