The first lesson for beginners to trade meme

1. Don’t go all-in right away. Observe on the platform for a while first, take a look at the information and K-line of the tokens. You can join some meme community groups to observe the activity and construction methods of some communities

2. Adjust your mindset and manage your capital expectations. When buying tokens, you must set stop-profit and stop-loss. Don’t be greedy. Make a profit when it’s time to make a profit, and run with the remaining profits

3. De-enchant the kols. Some kols will write on their homepage that they have caught a golden dog with dozens or hundreds of times the profit, but many of them just won the lottery. There is more luck involved, and most of the time they lose money. In addition, meme has been so popular recently that many kols who originally focused on the secondary market have also begun to switch to the meme track, but a good kol in the secondary market does not mean that the meme is good, because as long as you have a large amount of capital to play the secondary market, you can basically not lose much if you buy spot goods from the top exchanges, but the volatility of meme is too large, and there are dealers on the dealers.