Trading Mistake Case Study

In Todays Issue:

1. Trading Mistake Case Study

2. Avoid This Common Pitfall

3. The Reality Check

Trading Mistake Case Study

In a recent trade, a costly mistake was made by a trader we observed. Let's examine what happened to prevent similar errors.

After conducting initial checks, the trader entered the market at around 100k MC. In less than 10 minutes, the trader seized the opportunity and sold at 200K MC, realizing a profitable 2X return.

After the initial successful trade, the trader made two additional purchases as the price began to decline. Although the price did pump again, it stopped just short of reaching the previous high at 177K MC. As the price continued to fall, the trader made two more buys, with the second purchase occurring when the price plummeted to as low as 40K MC.

Unfortunately, the final sell was made shortly afterward at around 25K MC, resulting in a significant loss. 😞

Avoid This Common Pitfall

Upon investigation, it was discovered that the meme coin the trader invested in was a copycat of another token launched just 13 hours earlier.

A simple search on Dex Screener/Dex Tools could have revealed this crucial information, potentially altering the trader's decisions.

The Reality Check

While avoiding copycat meme coins may seem wise, there's more to the story. Despite its imitation, the same copycat coin surged to over 600k MC in the following days, presenting a missed opportunity for our trader.

This scenario underscores the unpredictable nature of the market. Even with information at hand, chart trajectories remain uncertain. The key lies in remaining vigilant and adapting to market dynamics to safeguard investments at all times.

DISCLAIMER!

Any content found in this newsletter is NOT financial advice & you should always do your own research.