Types of Traders
Not everyone trades memecoins the same way. Different approaches come with different risks, speeds, and expectations.
Understanding these styles helps you figure out which one fits you best.
1. Extractors
These are bots, snipers, and ultra fast traders.
Characteristics:
Buy within seconds of launch
Flip quickly for small gains
Rely on tools and sometimes automation
Pros:
Fast opportunities
Frequent small wins
Risks:
Very competitive
Requires constant attention
Easy to get trapped in rugs and fake launches
2. Narrative hunters
Narrative hunters look for coins with strong stories and growing attention.
What they do:
Enter early when interest is forming
Watch socials and community strength
Hold through natural growth cycles
Pros:
Lower stress than sniping
Big wins possible if early
Builds real pattern recognition
Risks:
Requires patience
Not every narrative becomes mainstream
They are not trying to be first. They are trying to be early enough.
3. Dip buyers
Dip buyers wait for pullbacks instead of chasing pumps.
Approach:
Let initial hype run
Buy retracements
Hold for potential continuation
Pros:
Better entries than chasing
Structured risk if done carefully
Risks:
Sometimes “dips” are actually trend reversals
Requires chart awareness and discipline
4. Believers
Believers pick a coin, commit heavily, and hold long term.
Behavior:
Larger position sizes
Strong emotional attachment to a project
Stay through volatility
Pros:
Huge upside if the project truly succeeds
Risks:
Easy to hold dead bags
Hard to cut emotionally
Bias blinds decision making
Conviction is powerful. Attachment is dangerous. Know the difference.
So, which one should beginners start with?
For most people, the safest and simplest starting style is:
Narrative Hunter
Because:
You are not racing bots
You learn how attention flows
You can still enter early if you pay attention
Your skills grow over time, not just your luck
Narrative trading teaches you why coins move, not just how fast.
Quick self check
Which description felt closest to you?
I like fast flips and automation
I like observing trends and timing them early
I prefer waiting for pullbacks and value spots
I like picking long term plays and sticking with them
There is value in knowing yourself.
Bottom line
Choose a trading style that matches:
your patience
your emotional control
your schedule
your risk tolerance
The right strategy is the one you can execute consistently without losing control.