1. If a hot concept emerges for Meme coins, then just buy the leading one of that concept.
This applies to other sectors as well.
The reasoning is simple: funds always prefer the first place.
When the leader rises, the clones may not necessarily follow.
When the leader falls, the clones will directly go to zero.
2. For profit-taking, once you've made enough profit, remember to keep 10% as a moon bag.
In terms of operations, it's best to transfer it directly to a wallet you don't check.
Today, I've gained a deeper understanding.
About the strategy:
Many people ask me what the 10% strategy is. This is a little experience I've summarized from my years of trading, and I hope it helps everyone:
When you want to buy a copycat coin, it's better to buy the leader.
When a coin you hold rises inexplicably, you can take profits in batches, but you must leave 10% as a base position. Even if it goes to zero later, this 10% won't affect your profit drawdown too much, nor will it incur significant losses.
However, if this coin is profitable, the remaining 10% you hold until the end may yield more than the profit from selling 90% of your position.
Finally, I'd like to share a quote from Soros that I've been fond of lately:
To gain wealth, the method is to recognize its illusion, invest in it, and then exit the game before the illusion is recognized by the public.
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