Tips for Meme Coins
Many people say they can't hold onto Golden Dogs, Hippos, Penguins, Toto, etc., which have all multiplied several times since their release. How should one hold onto them?
1. Create 2 wallets, one for long-term holding and one for short-term trading, ensuring they do not interfere with each other.
2. I specifically mentioned the target for Golden Dogs: half for trading and half for holding.
Trading tip: every morning at 6 AM is the lowest point, buy in, and sell before 10 PM, do not hold overnight.
After 2 days of trading, the principal will have returned, giving you a good mindset. Even if this coin goes to zero, you will still be able to hold.
Many people are unbalanced due to floating losses, and holding a full position goes against human nature, so it’s important to have half for trading and half for holding.