I began my trading journey with just $100, focusing on memecoins and altcoins. Six months later, I've turned that into over $90,000! Through persistence and learning, I've discovered the keys to success in cryptocurrency trading. Here’s how you can do it too 🧵👇
1️⃣ Focus on the Right Narrative:
- Emphasize Altcoins/Shitcoins: Forget about expecting 100x returns from Bitcoin; the real potential lies in lesser-known coins.
- Patience is Key: Make informed choices and allow time for significant returns.
2️⃣ My Trading Strategy:
- Understanding Market Psychology & Emotions
- Identifying Undervalued Projects
- Tracking Insider Wallets
3️⃣ Managing Emotions in Crypto Trading:
- Cyclical Market: Retail traders' emotions drive the market.
- Stress-Free Investments: Only invest amounts that won't cause you emotional strain.
- Stick to Your Plan: Most people sell out of fear—profit by staying true to your strategy.
4️⃣ Identifying Undervalued Tokens:
- Utilize @CoinMarketCap and @coingecko to select 20-30 promising tokens.
- Conduct a detailed analysis.
5️⃣ Analyzing Project Smart Contracts:
- Use these tools for verification:
- SOL Projects: rugcheck.xyz
- EVM Projects: coinscan.com
- Prioritize Safety: Always verify smart contracts before investing in any token
6️⃣ Evaluating Project Tokenomics:
- Utilize @Token_Unlocks and @VestLab to check:
- The difference between investor price and current price
- Token distribution within the community
- Locked tokens held by investors.
7️⃣ Tracking Insider Wallets:
- Learn from the Best: Insider trading strategies involve following profitable traders.
- Tools to use:
- @dexscreener: Go to popular tokens, click "Top Traders," and search for significant early buys.
- @CieloFinance: Assess the wallet's success rate and overall profitability.From $100 to $90,000 in Just 6 Months!
