I have been adapting to the strategies and gameplay on Sol recently, and I have been thinking about practical experiences that I can share with everyone. I transitioned from Eth a bit late and missed quite a few opportunities, which is quite regrettable.
When I first came to play, my approach was similar to everyone else's, frequently making trades every day, learning to play the internal market and scanning the chain, but the results were very poor, and I paid a lot of tuition fees, so I later stopped this way of playing. It's not that there's a problem with it; it just doesn't suit me.
Now, let me talk about my current gameplay and insights:
1. Key conditions for project selection
There are two prerequisite conditions. I particularly like projects that combine unique narratives and unique mechanisms, such as ai16z and antipro, which are great examples.
Moreover, combining this point, the project's upper limit must be very high. For me, it means having the potential to reach hundreds of millions or at least tens of millions; I won't touch projects with poor narratives.
2. Specific gameplay
I no longer play the internal market, only focusing on situations where it 'shoots out.' Specifically, there are two types:
1. When a project 'shoots out and doesn't look back,' meaning the narrative is very strong, I will buy in at a few hundred K price level, and then based on market reactions, I will choose to take back my money when it reaches a few hundred M or sell everything once I find something off.
2. The other type is when a project 'shoots out' and then reaches a few million or 10M before experiencing a significant pullback. This gives me time to research thoroughly, and in this case, I will choose to enter in the second phase.
3. Controlling the number of trades
I now make no more than 3 - 5 trades a day, and recently I have basically only made a maximum of 3 trades a day. Everyone can try this habit; controlling the number of trades mainly has two purposes:
1. It allows you to better grasp what a good opportunity is, meaning that the projects that meet the two prerequisite conditions mentioned earlier are worth trading.
2. Controlling the number of trades helps control losses. People often invest wildly because they don't limit their number of trades; imagine if you could only invest in 10 companies your whole life, you would definitely choose carefully. This principle applies in the meme market as well.