12/6/24 Friday,
You need to build conviction at even the lows, you've gotten shaken out and missed a great play on value.
Artist is pushing his own coin and has tons of followers. What are you doing man!
12/5/24, Thursday.
Its been a while since i've posted. It would appear i've been revenge trading. Port is at all time low. Tried copy trading and got rinsed today. Its difficult finding an edge in this space, wish i could dedicate a month to this. But alas 9-5 keeps me afloat.
Looking back on my time in this space, did i learn anything? i'm not sure....
Things i've learned:
1. Front run the narratives is generally the best play.
2. Don't try to chase narratives (Andrew Tate) got burned really hard there. The play was, before his stream was to bid the main tickers hes been shilling previously.
3. Don't fomo.
4. You may build conviction in a coin, but don't blind faith, you may get a better entry cutting.
5. The runners of each day its nice to hit, but generally you'll lose unless the narrative is very strong & lots of volume. Watch the volume, generally when it slows down is when the dumping starts. Also for these new volume runners do some due diligence on how much supply people hold.
Anywho, had i just held solana spot & not trade memecoins, i would be up quite a bit.
A big thing is PATIENCE, there is no get rich quick. May get lucky on gambling new pairs. But patience is key, could have bidded the mid caps with conviction at dips and be up. its all about patience.
I will give the remaining part of December a try, hopefully it does me some justice. If i fail, i will need to take a break from this space.
11/26/24, Tuesday
All the profits I made since losing my port on tates stream are gone. Looking back at it, it’s primarily from aping pumpfuns. Need to stick to the game plan and not fall for pumpfuns. It’s amazing how some people can turn 1 SOL to 100 SOL overnight trading pumpfuns, but it’s not for me. As much as I’d like to be good at that I’m not. Need to face reality and not get fomo from people posting insane success pnls
11/25/24. Monday
Over the weekend port came back.
MET, NEROBOSS, IUNDERSTAND.
I should have sold everything yesterday, BTC rugged me today. roundtripped profits.
Still down 2K. Will lockback in and continue posting more.
11/21/24, Thursday
I blew my port + more trying to follow andrew tate.
Today had some really bad chasing narratives, such as Truth Fi + Andrew Tate, lost roughly $5000 on Eth & Sol.
Still have a bit of sol left after injecting money today to chase. Poor choice.
Need to really stick with the sizing and not trade with fomo/size.
in hindsight, not many tickers give great conviction, APE if you truly like it with conviction
Dolos was one of those AI tickers i've been watching since 1.7M, it was a cool idea as it was AI that essentially bullied people on CT which is hilarious and infinitely memeable. Unfortunately i was too scared to topblast as i watch it break ATH after ATH, current MC is 75M.
11/21/24, Thursday,
I capitulated Shoggoth to Ape into "LETHIMCOOK" backed by the creator and ended up round tripping 75% of the gains.
Seems is capitulated the AI bottom as today AI coins are all up.
Need to bid the FUD with conviction.
current port still down 20%
11/20/24 Wednesday,
Update on "PC" that i capitulated at -75%, i had thoughts of just holding the bag overnight as it was already bottomed out at 20k. However my port was near 0 and i sold.
Should have known there was a opportunity to run and set a limit order, it went back to 300k.
Today was rough, port going down 20% again.
Blindly aped in heavy into “Pc” due to Tik tok meta, video was posted on their Twitter with a ca. I initially did not like it, however it was shilled by a good source. Lost -70% on size. The video was posted 5 months prior, lesson to investigate more.
Managed to hit a stroke of luck but paperhanded, aped last .2 sol into “Quant” a living streaming teen who rugged 20k and now ct is making him cope by mooning the coin. The video is viral. .2->3.6. I sold at 1M MC, it is currently at 36M, I papered $42,000.
things I did incorrectly:
-there was so much volume it should have been a sign to hold and see things out 10M volume in 10minutes after bonding.
-think of the narrative and see where things go, the kid rugged and the video was extremely memeable “holy shit 20 bands holy shit” then he proceeds to fsh and hop off the stream, this could’ve been a thought that the clip would go viral.
if I did not max over bid the “Pc” coin I could’ve thrown in my usual size into the next coin after was “Quant” where I fumbled a 1000x
11/19/24, Tuesday.
Entered into $GAL, "Chill Guy" Beta.
-Exited my positive 175% gain, need to hold better. Had a really good entry as well.
Currently still down on Rocky & Shoggath.
Bought Gonesler, betting on it going parabolic when Gensler officially steps down.
Coins im watching:
-BOB (Mooned to 6M as of today)
-GAL (Hoping for another entry for this)
Current overall port is down ~5%-10%
11/18/24, Monday.
Didn't trade over the weekend, took time for myself. Balance is key.
Unfortunately i woke up to being down on both
Rocky & Shoggoth
-Shoggoth i will hold, as i see potential, it is the only AI meme joking about AI.
- Rocky my left curved thesis is shaking me out. No volume, nor CT talking about it.
Fortunately DEGEN is ranging at 40-45M MC so a 2x, DEGEN is beta to A16oz (only interaction A16 was with Degen)
Need to build conviction in my buys instead of gambling.
11/15/24, Friday
Not much today, SOL wallet still no movement, ups & downs. Wondering how the weekends going to be.
Still holding bags in
SOL:
SHOGGATH (been roundtripping this, might sell at next pump) 110 MC
DEGEN 20MC
ROCKY 11MC
ETH:
Hoppy 77MC
BNB:
Rentered BOB (BNB), got in before BNB twitter shill
Had some success on BOB (BNB) past two days. Should be a sender with the right team. Holding my moon bag
11/14/24, Thursday
1. Purchased Titan at 3M MC, thesis was dog/america/k-9 shot. All three sound like something to bid right now, TP target 10M MC.
-I sold out for BE, shortly after it mooned and hit 18M MC. (Learning lessons here)
2. Entered a trade on BNB, $BOB "Build On BNB", after the BNB tweets, SOL ran to 8M MC, entered around 3M on BNB Chain TP ~7-10M MC
3. Gambled on new pairs (Got to Stop) lost 1 SOL here. Currently at breakeven on my trades, no gain no losses on Solana.
- BNB has been good to me with slow gains.