About 5 years ago i found out about dexes, and I went crazy on low caps.
Prior to that, I traded mostly on #Binance and #KuCoin at the time as i was a beginner so i mostly used cexes.
I realized that most coins that made it to cexes had already pumped crazy on dexes before getting recognition / listing approval etc.
So i went on
@ dexscreener
and started aping random trending coins đ€Šđœââïž.
I spent probably $15k-$20k buying random coins over a few months which all went to 0 eventually.
Luckily, in 2021 #Bitcoin and the entire market went on a crazy run twice, Dec 2020 - Feb 2021 and July 2021 - Oct 2021.
I also was incredibly fortunate to be surrounded by friends and mentors who were experienced in crypto and they taught the basic guidelines:
â Don't Fomo
â Use technical analysis
â Study trending narratives
â Have a clear take profit strategy
â Buying into low caps is risk, manage your risk.
Even though most of my earnings still came from new low caps on dexes, we did it differently and it worked out well for us.
Follow experienced traders and learn from their mistakes so you don't get rekt.
Try different strategies to see what works for you and keep improving.
You will make minimum 6 figures in the next bull run đ€.
Source : DAMIDEFI