I think that a lot of the people that are very active traders are doing that. They are always observing social media, telegram channels and maybe also this forum for any new trends and projects that are coming up and that are interesting to invest in. Then the goal is to get in as early as possible. In most cases this means to buy immediately when the project gets listed on pancakeswap for example. The problem here is that a lot of people wil try to do that at the same time when the project is interesting and therefore you have to set a high slippage and gas price in order to get through with your buy order. Then once the project shot up they sell it again after maybe even only a few minutes.
Yeah, anyone who wants to do that should as well learn how to detect the best choice that are about to drop in the market, because if you invest in the wrong market, it’s going to be a loss for you.
There are some projects you would invest and instead of profit all you will be seeing is a huge loss. You would see coins that would start out at a great rate within a short time they are already going down heavily. And I would say that sometimes this would be based on luck and you will have to just keep trying and when you invest in the right one, you’d profit from it.
