- He had 39 trades with a loss before that
- Sometimes the losses were greater than his investment
- And only one investment made a significant profit
Last week, Twitter user “ShibaTechnical” posted interesting statistics about the trades of an unknown trader. He earned $176.6 thousand on one transaction with memcoin PEPE2.0, but before that, 13 investments went “to zero”, and another 39 were unprofitable.
“Here is his trading history. As you can see, there are a ton of losses there.. But he didn’t give up and found a position that eventually brought him the profit that every investor strives for,” the author emphasized.
This statistic:
As you can see, most transactions ended in serious loss, from $50 to $1735. At the same time, the “plus” investments barely covered the losses incurred. But in the end, his investment in PEPE2.0 paid off handsomely.</nbsp;
The net profit on that deal was $176,671.. The important point is that the user invested in memcoins without proper analysis, acting rather intuitively.
This story echoes how a trader became a millionaire on a PEPE rate hike. It would seem that here it is, a recipe for profitable trading, but another investor lost $540,000 on the same memcoin because he didn’t get out of the market in time.. Unfortunately, in the market of speculative assets, which include memcoins, such lucky people are very few.