A crypto currency investor suffered significant losses by constantly buying at the peak and selling at the bottom.
According to data from the on-chain analysis platform Lookonchain, a crypto currency investor incurred significant losses due to bad trading decisions.
The data revealed that the investor made a total of 2 buy and 2 sell transactions for the meme coin called SMOLE. Both of these purchases were made at local peaks, while both sell transactions were made at a lower price. As a result of these wrong moves, the investor lost 70,000 dollars in a short period of time.
Realizing that he was not successful in his trades, the investor bought another popular meme coin called SLERF with the remaining money, which is worth 484,000 dollars.
