There’s none. It’s not like trading anything else in the world. If you’ve done it you know. It’s not even like trading blue chip cryptos. Blue chip cryptos like BTC, ETH, XRP, etc. behave almost like stocks which, let’s face it, they are.
So if you think you’re a good trader but you haven’t traded memes yet? How can I best describe it, let’s see…
…it’s like thinking you’re a good driver out on the street and then suddenly you find yourself racing in the Indy 500.
Again, if you’ve traded memes, especially new pairs, you know exactly what I’m talking about.
It’s almost more like playing a video game than trading really.
Yeah, if you’re a gamer (I’m not, I just do stuff that makes money), you could be good at scalping new pairs. But instead of blasting evil dead bat creatures from planet zarb you’re battling evil crypto bots, ruggers and scammers with endless new types of scams you have to watch out for.
Either way, this type of trading takes knowledge, having the right tools and practice to get good at it.
I don’t do this for fun. I trade to survive. I once asked one of the all time trading GOATS and best selling trading book author, Larry Connors, how the heck he came up with all the strategies he came up with.
He simply said “I had to, to survive.”