How relevant is luck or circumstances when investing in memecoins?

Everyone is well aware of how volatile crypto is , and how this influences the ecosystem or at least trading sentiments, but compared to general crypto trading where you need a lot of fundamental and technical analysis, trading memes, is practically the wild west, and a lot of things can change within one moment.

To be fair I think this is one of the reasons it’s so attractive to traders, and this is not me saying you don’t need TA or FA when trading memecoins, it’s just that a lot can happen within a very short time and many times it’s outside your control.

A perfect example is what happened with Elon’s tweet a few days ago, he mentioned $ANI in his post and everyone can see the results of that now, of course this is one of the good stories because days before I had already bought $ANI when it was on Bitget Onchain, so when it happened, it was basically payday for me.

But this has its downside too, it might be an event that would have affected the token negatively, and you’d get rugged. Sometimes I just feel like I get lucky with some of these things.