Prometey

Journaling from Zero to Hero in the Trenches

[Prometey @0xprometey]

@rektdiomedes Definitely feeling like things are going to get worse before they get better both in crypto and the broader environment lately.

[Prometey @0xprometey]

Whatever happens with BTC/macro, onchain trading will always be there and the bearish environment just provides more time to improve as a trader in preparation for the next parabolic bull run.

[Prometey @0xprometey]

@rektdiomedes At least we have crypto in these times.

[Prometey @0xprometey]

Starting out in crypto, every time CT said it was "over", I would react emotionally and let it seep into my trading, thinking that where was a limited amount of time left to make it.

Obviously, it's never over and there is always something to trade, and protecting my mind from doomerism while not letting it affect my trading has been beneficial.

[Prometey @0xprometey]

@inquixit People say it's over every other week at this point, it's not even worth taking seriously.

[Prometey @0xprometey]

A 2x a day keeps the doctor away.

With the market being very dry and slow, I'm focusing on executing my ultra-selective, disciplined style. I could have definitely held longer on this and trusted my gut, as it ran to around my thesis' target, but a win is a win nonetheless.

[Prometey @0xprometey]

Roundtripped on 2 OG $KIM coins just for a new one to run to $1M a few hours later.

Pretty normal for the Solana trenches, but it just goes to show how narrative identification skill is not enough and executing at the right place and time is what truly matters.

[Prometey @0xprometey]

Even though the trenches are quiet right now, showing up every day and putting the hours in is the best way to prepare for the insane high volume periods.

[Prometey @0xprometey]

I think the polls aren't overestimating the Dems this time around as the demographic they typically discounted (anti-establishment, no new wars people) just aren't going to show up to vote for the GOP anymore.

Also would be very interesting to read your take on these wrench attacks and how to shield oneself from them.

[Prometey @0xprometey]

Learning not to let spikes in onchain volume and activity to cause me to FOMO has been very beneficial, especially with an eventful day in crypto (Hyperliquid/Polymarket/Binance narratives).

Not everything must be traded and patiently selecting setups I like has been my focus.

[Prometey @0xprometey]

The trenches have been dry lately and I've been focused on eliminating overtrading, taking just 1 trade today for ~2x.

My initial 50% entry was excellent and early, but I waited until I was 100% convinced to add on fully to my position, which cost me potential Xs in PnL. This isn't a glaring error, especially with how low the ceilings have been lately but it's definitely an expression of how risk averse I've been.

Working on only waiting for quality setups and not letting emotions get in the way.

[Prometey @0xprometey]

@rektdiomedes Could be some escalation after Israeli elections and midterms...

[Prometey @0xprometey]

Overtrading on slop is my #1 leak and I'm writing this down to come back to it later after I eliminate it. Even if something seems clever or interesting it does not mean it will run to a decent MC or be able to gain mindshare.

It's important to differentiate between what piques my interest in the moment and what will cause other market participants to buy in higher.

[Prometey @0xprometey]

A lot of the complaining on the TL about trenching onchain seems counterproductive to me. Yes, it can be very frustrating, but ultimately everything is a skill issue and there are tangible ways to improve and achieve great results. I would rather lock in than wallow in misery.

[Prometey @0xprometey]

Realizing that even 1 trade a day is enough has been a big mental shift for me. It's easy to get caught up seeing KOLs and tracked wallets buying 100 tokens a day, but in reality they're playing a different game and every trader has their own style.

A highly selective approach works better with my brain and has lead to profitable stretches in the past, so I'm working on perfecting it.

[Killua @cryptokillua99]

@daviddontmiss New pairs≠ cented trading style

You can sit on new pairs and buy maybe 1 coin a day

[Prometey @0xprometey]

@rektdiomedes A big mental hurdle I've had with this is obtaining the confidence to post when most on CT are more successful/experienced.

[Prometey @0xprometey]

@rektdiomedes Quitting and not committing to the journey for the long run has to be one.

[Prometey @0xprometey]

I keep getting stopped out right before the pump. Not sure how to fix this besides applying better pattern recognition to timing entries, as risking bigger losses doesn't make sense from a risk management perspective.

At the very least, having this problem means my asset selection is decent.

[Prometey @0xprometey]

I've gained enough experience to identify a small list of reoccurring leaks that are preventing me from reaching the next level. I'm going to obsess over my process for each one until it's completely eliminated.

Today, I focused on overtrading and buying slop, which go hand in hand. These leaks come from a place of scarcity and treating every new coin as a lottery ticket. There are quality setups every day and even just 1 good trade a day can be a foundation for a solid PnL.

[Prometey @0xprometey]

@rektdiomedes Catching up on rekt wisdom after a few days' break