One of the biggest reasons I'd rather LP on @MeteoraAG than ape spot:
it's way harder to blow up your whole account.
@CrimexBT, @Tikz1070 & @Heavymetalcook6 break it down, ape a runner and it dumps, you're nuked. Fall out of range on a DLMM and the fees you earned cushion the fall.
I resonate with this a lot I dislike taking losses a lot and would rather play it safe a lot of the time with wide bid asks and meteora allows you to do this.
Risk management is the real edge. Wholeheartedly agree 👇
Hi guys sorry for lack of stream...
Currently making a 0-Hero DLMM guide about how beginners can open their first liquidity pool.
Thought I could make each video 10 minutes long, but theyre turning out to be like 20 minutes each🤦♂️
Please turn on notifications if you are interested in watching the premiere, have spent a good amount of time on these.
⚠️ IN OTHER NEWS ⚠️
First clip in awhile, have been streaming more and testing out some editors. Have found some talented ppl so hopefully volume and quality of clips will be improved.
If you are an editor and align with the vision, feel free to lmk.
This clip talks about solana:BcHEaaTCvycPwwsJ9yQTXdHP9X2gCLkznDbZ8VySpump and how some of these tokens that gain high mktcaps quickly end up dumping quite a bit on the first crack.
This one actaully made new highs, but is down -71% from aths.
Something to keep in mind for these tokens that go up super quickly.
@MichaelZogot Had a good post about the safer support levels and the levels where it can turn into a free fall.
With all that being said, I would probably have expected it to have dumped a bit harder. It doesnt look entirely unhealthy rn on the chart. This might be a good area for a bounce.
But again, going wider than you think on something like this is going to save you a lot of stress.
ALSO. Bid ask entirely recommended if you are bidding a play like this AFTER the initial run up.
Stay safe out there
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Hopefully will have some cool new art styles coming and possibly the first crime merch 👀 item if it comes together.
What could it be...🤔🤔
@MeteoraAG users are the most lit in the bear market and that I think is an inarguable fact
@met_lparmy strongest community.
If you want to hang with the boys, also hop in my TG /crimesden (link in bio) for updates and for vet lp discussion
See you on the next stream fellas
Something that has become veryyyy evident with tokens that initially run up to high MC valuations (1-10m+)
Be prepared for them to dump high amounts. These honestly can be very good BA positions if you go wide enough.
Something like gacha is near unavoidable loss however if you are LPing it. Sometimes Black Swans like that happen (I think they lost access to an account or something).
But my initial warning is more focused towards news based tokens, or any token that INITIALLY has a very hard run up. Almost got in trouble doing it on $rich... I actually went too tight on that but got lucky enough fora bounce.
Volume heating up on chain and I'm using one of the best terminals that actually rewards traders with giveaways, try out @TrojanOnSolana for a chance to win in daily and weekly jackpots (don't forget to use my code)
Shoutout to everyone still showing up every day, no matter how much you’ve lost.
The key is consistency… even if you fail 1,000 times, it only takes a few wins to wipe out all those Ls.
A lot of people let normies define their worth by their job title and how it shapes their identity.
I’m the opposite.
I love what I’m doing,
I’ll never leave the trenches.
I’m a proud NEET.
And I’m glad we stay a mysterious minority to the world.
My identity is MYOB (Mind Your Own Business).