[3].Don't predict the market ,react to current market situation.
This is what that cost me blew a lot of my trading capital. Always wait for trend direction and follow the trend , As they say... trend is your friend until it's finished.
follow the trend will only be profitable if you join it at the beginning not after it declines, for example memecoin if you enter the market at the beginning it will be very profitable but when join in middle or in the last period don't expect profit otherwise only become a long holder or do a cut loss if you don't like looking at assets keep dropping
You are quite true to follow trend because you start making profit early before the market even get to the way where it starts slow move because more people have entered and some whales have pulled out but how to catch the trend is the real issue. Some meme coins only get popular around when it has already had ATH and entering such times is risky.