- Prior to that, he conducted 39 transactions “in the red”
- Sometimes the losses far exceeded his investment.
- And only one investment brought a significant profit
Last week, a Twitter user with the nickname “ShibaTechnical” published interested in statistics on transactions of an unknown trader. He earned $176.6 thousand on one deal with the PEPE2.0 memcoin, but before that, 13 investments went to zero, and another 39 turned out to be unprofitable.
“Here is his trading history. As you can see, there are a ton of losses. But he did not give up and found a position that ultimately brought him the profit that every investor aspires to.” the author emphasized.
Here are the stats:
As you can see, most of the trades ended with a serious loss, from $50 to $1735. At the same time, “plus” investments barely covered the losses incurred. But in the end, his investment in PEPE2.0 paid off.
The net profit on this transaction was $176,671. An 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 price spike. It would seem that here it is, a ready-made recipe for profitable trading on the stock exchange, but on the same memcoin, another investor has already lost $540,000, because he did not have time to exit the market on time.
The trader’s example above perfectly captures how difficult it really is to get into the very position that will turn out to be a significant profit. Unfortunately, in the market of speculative assets, which include memcoins, there are only a few such lucky ones.