Bagless Prophet

Someone who allegedly sells the top

[Bagless Prophet @BaglessProphet]

Day 19: Spent 1 week paper trading, I've done more than 800 scalps using my own strategy so it's time to test it live.

Paper trade results DO NOT guarantee any success once going live but I think it's time to give it a shot.

Starting with 2 SOL, let's see where it goes.

[Bagless Prophet @BaglessProphet]

Day 12: After some study and a few hours spent on the charts, I decided to try a scalping strategy picking up dips on new pairs.

Reset the wallet to 2 SOL and using 10% of the port per trade. Few trades, quality over quantity, trying to improve and develop and edge.

[Bagless Prophet @BaglessProphet]

@lynk0x @notdecu If I ever had such a PnL calendar, each green would pay the tuition fees of my kids. That's my goal.

[Bagless Prophet @BaglessProphet]

@RyyySol What are you trading? New pairs?

[Bagless Prophet @BaglessProphet]

Interesting finding: I've been developing a scalping strategy and although I thought it would work better in low-volume hours, I'm obtaining the best results after 7pm NYC time.

Really interesting...

[Bagless Prophet @BaglessProphet]

@moonranker__ And when you sell on a loss, what’s your average stop loss?

[Bagless Prophet @BaglessProphet]

@boxbox_32 That’s what I call risk management. It’s all about managing risk and emotions.

[Bagless Prophet @BaglessProphet]

@DarkWarden99x Just enforce strict risk management. And even set a daily stop loss. If you do that you’ll have a bigger port in the next day. Red days are part of the game, just protect yourself from those emotions.

[Bagless Prophet @BaglessProphet]

@AguaAizan68363 @SolanaSwaggy It's one I developed myself, you won't find it in the chrome store.

[Bagless Prophet @BaglessProphet]

@badattrading_ Just posted something around these lines. Kids are making more money than they ever dreamed of. They could invest wisely to retire themselves and their kids.

Nothing lasts forever. Life will humble you. Question is: what will you do now to be ready when that moment comes?

[Bagless Prophet @BaglessProphet]

Don’t be like this guy. If you’re doing well in crypto and memes, pull it out but instead of spending it in a stupid fancy car you could:
- buy real estate
- invest in long term stocks / ETFs
- get passive income from DeFi protocols

Nothing lasts forever. Life will humble you.

[Stxrr @Stxrr_web3]

Ethan Prosper bought his first McLaren, cash, no finance.

[Bagless Prophet @BaglessProphet]

@SolanaSwaggy *guess

(so much AI everywhere but the freaking spell-checker wasn’t blessed with any of it…)

[Bagless Prophet @BaglessProphet]

@SolanaSwaggy Unfortunately I got permanently banned for using a self-made browser extension to practice paper trading. I get I’ll be paying my fees elsewhere once I’m a profitable trader.

[Bagless Prophet @BaglessProphet]

@G_free9 @G__free9 There’s always an Indian trying to scam you. It’s in their DNA…

[Bagless Prophet @BaglessProphet]

@StarPlatinum_ I don’t see this as FUD, this is actually very good informative content. Trading (not only memecoins) is a zero-sum game: one only makes money on a trade if someone looses that same amount.

Obviously, only a small percentage can win. You need to be amongst the best.

[Bagless Prophet @BaglessProphet]

@darkVantaX Are you doing new pairs only?

[Bagless Prophet @BaglessProphet]

@zebisphoto Try paper trading instead. You can save that SOL for when you're profitable paper trading.

[Bagless Prophet @BaglessProphet]

@Purple_Chad23 Are you still trading migrated coins only? How's it working out for you?

[Bagless Prophet @BaglessProphet]

@umbrajohn If your port looks like a roller coaster going from 30 to 2500 and then back to zero that just means you need to apply proper risk management. With proper risk management it becomes more “boring” but at least you’ll be protecting your capital.

[Bagless Prophet @BaglessProphet]

Day 12: After some study and a few hours spent on the charts, I decided to try a scalping strategy picking up dips on new pairs.

Reset the wallet to 2 SOL and using 10% of the port per trade. Few trades, quality over quantity, trying to improve and develop and edge.

[Bagless Prophet @BaglessProphet]

Day 11: Made a small P, pretty hectic day, all my double-dip plays hit SLs which completely killed a decent profit. Anyways, I'm enjoying more this dip-based strategy, it has more rules and it's less dependent on the narrative, I'm basically trading the chart.