Types of Traders
Not everyone trades the same way. Different approaches come with different risks, speeds, and expectations.
Understanding these styles helps you figure out which one fits you.
There's no single correct way to trade. There's only what you can execute consistently.
The four styles
Snipers, bots, and traders with tracked wallets.
Buy within seconds of launch
Sell quickly for small gains
Rely on speed and execution
Upside: Fast, frequent opportunities if you have the edge.
Downside: Extremely competitive. You're racing against bots and scripts. Easy to get trapped in rugs. Not realistic for most people.
Some scalpers also have tracked wallets, which means people automatically copy their trades. That creates its own edge. They buy, others pile in behind them, and they exit into that liquidity. You're not just competing against their speed. You're competing against the crowd following them.
Traders who look for coins with strong stories and growing attention.
Enter early when interest is forming
Watch socials and community strength
Hold through natural growth cycles
Upside: Lower stress than sniping. Big wins possible if you spot it early. Builds real pattern recognition over time.
Downside: Requires patience. Not every narrative takes off.
Not trying to be first. Trying to be early enough.
Wait for pullbacks instead of chasing.
Let initial hype run
Buy retracements
Hold for continuation
Upside: Better entries than chasing. More structured risk.
Downside: Sometimes the "dip" is actually the start of a downtrend. Requires chart reading and discipline to tell the difference.
Pick a coin, commit heavily, hold long term.
Larger position sizes
Strong attachment to a project
Stay through volatility
Upside: Massive upside if the project actually succeeds.
Downside: Easy to hold bags forever. Hard to cut when you're emotionally invested. Bias blinds you to warning signs.
Conviction is powerful. Attachment is dangerous. Know the difference.
Where beginners should start
For most people, the best starting style is narrative hunting.
Why:
You're not competing against bots
You learn how attention flows through the market
You can still get in early if you're paying attention
Your skills compound over time, not just your luck
The full breakdown on how to spot and trade narratives is here: How to Find Good Narratives
Narrative trading teaches you why coins move. That understanding transfers to everything else.
Know yourself
Which sounds most like you?
The right strategy is the one you can execute consistently without losing control.