it might be a good idea to start getting as much sleep as you can now
while the market is still weak and boring
because very soon, when things start taking off
you're going to miss out on a lot of opportunities just for sleeping like the average man
no sleep season is coming back soon
prepare accordingly
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many in crypto have forgotten just how fast sentiment can flip
the 'everyone is a genius' phase can arrive much sooner than most expect
you don't need to predict the exact day
you just need to survive long enough to see it
HODL
buy the dips
touch grass
do whatever you have to do
just don't let temporary fear shake you out of your highest-conviction plays
because when sentiment flips, you'll wish you had bought more when everyone else was scared
NOTE: please consider ~90% of tokens sent to my fomo wallet as airdrops
i did not buy these tokens with my own money
people sent them to my wallet to capitalize on my copytraders and/or the optics of:
'Unipcs bought this'
i've received some very good airdrops, but the overwhelming majority are from people with nefarious intentions
as a result, i routinely sell these tokens and have repeatedly asked people to stop sending them to me
they haven't stopped
if anything, i expect this to accelerate heading into the bull run
during the launchpad wars era last cycle, people sent me 1,000+ different tokens using this exact playbook
and my wallet wasn't even remotely as public as it is now on fomo
i'm making this clear for 2 reasons:
1. so my followers know what is actually happening and exercise appropriate caution
2. so nobody is surprised when i sell tokens that were sent to my wallet
if i actually want people to know that i bought a token, i will either:
- buy it directly on fomo
- or send it to my fomo wallet after buying it and put out a thesis
there is one obvious question:
'why do you sometimes buy tokens on private wallets before sending them to fomo?'
simple:
there is an army of people trying to frontrun my buys and use my followers/copytraders as exit liquidity
i like buying size on my highest-conviction plays
sometimes i'll buy 1-3% of a token's supply
i simply cannot do that efficiently on fomo when thousands of people are watching my every move
if i try to buy that much in one transaction, my own buy can spike the price 50-100%+ because of slippage
if i DCA instead, copytraders can front-run each subsequent buy and push the price 100%+ in seconds
that prices me out of the entry i actually want
so for SIZE plays, i sometimes withdraw from fomo to a CEX, move funds from the CEX to a fresh/burner wallet, and slowly DCA into the token without an army of people watching every transaction
once i'm finished buying, i can send the bag to my fomo wallet
if i'm topping up an existing bag or buying a smaller amount where slippage isn't an issue, i generally just buy directly on fomo
a stealth-buy feature on fomo could potentially solve this, but i'm not sure how many users actually need something like that or whether there is an incentive for them to build it
anyway, enough rambling
the important takeaway:
tokens SENT to my fomo wallet ≠ tokens i bought
sometimes i don't even realize someone sent me a token until much later
so please don't interpret every token appearing in my wallet as a buy signal
i'm making this post specifically so there is zero ambiguity around this going forward
if i ever want people to know i bought a token, i will either just buy directly on fomo or leave a thesis after i send it to my fomo wallet
moments like this make me so happy i quit perps trading
i have only one perps position open, and it's a 2x on an extremely bottomed-out alt that's extremely hard to hunt
ironically, i've outperformed the version of myself that mostly traded perps since i started trading almost exclusively onchain
and i think i'll outperform myself by an even wider margin heading into the bull run, GOD willing
perps is an instrument designed by sophisticated market actors to transfer wealth mostly from greedy, impatient traders into their own pockets
if there's ONE thing i'd recommend you reconsider this cycle, it's perps
you don't need more leverage
you need more time in the market
spot + patience is going to make a lot more people rich than perps ever will
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