"To make money in MEME trading, it is to establish an active trading strategy"
1. In-depth understanding of the project
Understand the meaning behind the project, is it emotion, attention, IP or communication power?
Thoroughly understand the positioning and value of the project
2. Pay close attention to market dynamics
Follow social media and community discussions to capture key information
Follow DEV dynamics and changes in related wallet addresses
3. Prepare response plans in advance
Develop strategies to deal with surges and plunges
Avoid being dominated by emotions to go all-in when it rises, cut meat when it falls, and constantly make wrong decisions
4. Establish a profit management mechanism
Zeroing is the norm, and many golden dogs have also gone through the road of zeroing.
It is actually more important to establish reasonable profits.
5. Comprehensive configuration
Long-term attention, rational judgment of market trends
Take into account long-term holding and short-term trading strategies, without long-term failure to eat fish, without short-term unclear trends.
So the active strategy is to not let yourself become a market liquidity provider in a daze, and not be dominated by emotions.
MEME trading is a practice, I wish you all good luck.
