Buying high and selling low is unfortunately no meme

A common comment on this sub is "Buying high and selling low" is often used here, mostly as a joke.

The sad truth is that this actually is not just a meme, but very true to many people, esepcially those who YOLO and FOMO into meme coins.

When people hear about a pumping coin, the peak is often past already. While the candles are still green, people buy thoese coins.

Maybe some of them buy with money they cannot afford to lose, maybe they took a loan for that, maybe they even leverage.

When debt obligations, rent, food need to be paid or emergency happens, these folk are forced to sell their assets at a loss. Or they hold their coins all the way down, loses faith and sell it at a loss to prevent even bigger losses.

How to actually buy low and sell high?

This is the difficult question!

When people buy slightly low, they don't want to sell "slightly higher".

Greed kicks in and people want more. Especially in the meme coin sector, people want at least 100x or no gains.

Be modest, a +25% is very nice already. This way you can sell 3/4 to get 100% initial investment back and every excess crypto is a win.