what does it mean to be an onchain trader?
in order to improve your navigation of these markets, it's important to understand what your role is in the first place. with onchain assets largely having little to no fundamental value, the "trade" lies entirely in the process of
less is more
a common pitfall that stunts many trader's growth is an over-reliance on tooling. take wallet tracking as an example
it's easy to think that adding more wallets to your list gives you more alpha. "I can track what all these good traders are doing and print!" but
"he who chases two rabbits catches neither"
too often people make some money in their original niche and try to branch out to other sectors of crypto. shitcoiners trading perps has been a common trope
besides the obvious disadvantages of playing in a different game where you