Challenging myself to learn something new (ish) and run 40 sol up to 1000 in the trenches.
As of now, I have no material edge or insights, so we'll be learning along the way, and I'll share the wins and losses in the hope we can learn something together.
Drop a follow if you want to keep up with my journey ๐ซก
Day 6 coming to a close.
Positive SOL balance for the calendar week, that's the plus.
Key takeaways:
- Weekend felt dry and is where the entirety of my losses came. Was up bigly on the weekdays.
- Size matters, especially on new pairs.
- Buying the dip is for coping unless you have SUPER high conviction.
- Spotting the big runners / narratives is pretty simple, navigating the PvPs on new pairs can be a clusterfuck.
- Patience trumps all - can literally countless spend hours not taking a position, but playing in between has largely proven to be gambling (for me at this stage, at least)
0.54 BNB, 0.5 SOL. +4.5 SOL for the day.
Let's see what Monday brings ๐ซก
Rotating from the $gaytollah to $fabtollah because @AutismCapital tweets it was not the play.
Still one of my fave pages though, through wealth and poverty.
Day 6 coming to a close.
Positive SOL balance for the calendar week, that's the plus.
Key takeaways:
- Weekend felt dry and is where the entirety of my losses came. Was up bigly on the weekdays.
- Size matters, especially on new pairs.
- Buying the dip is for coping unless you have SUPER high conviction.
- Spotting the big runners / narratives is pretty simple, navigating the PvPs on new pairs can be a clusterfuck.
- Patience trumps all - can literally countless spend hours not taking a position, but playing in between has largely proven to be gambling (for me at this stage, at least)
0.54 BNB, 0.5 SOL. +4.5 SOL for the day.
Let's see what Monday brings ๐ซก
Saw the $TFW Leo meme <$30K, faded as thought it was larp.
Figured out it wasn't larp by 200K, still faded as trench volume has been pretty soft this weekend.
Note to self - buy small if it might not be larp, add on confirmation ๐คฆ
Day 5 spent less time than I wanted to online.
Was pretty dry on volume and narratives so decided to spend some time experimenting - this time with small sizing (!!!).
Finished at circa breakeven, but learned a little more about how to trade community coins and their 20 vamps.
Still +4 SOL for the challenge. More hours being put in tomorrow ๐ซก
Day 5, let's go. Starting after a brutal yesterday, but clear lessons to be learned:
- Don't bag hold shitters
- Smaller sizing on new pairs
- Smaller sizing whenever trying new things.
๐ซก
Alright well we did catch the $HeavyPulp Marc Andreesen tweet just before logging off for +2 SOL, so -24 SOL for the day and +4 SOL for the challenge. Not bagging holding this one, so inevitably it goes higher ๐
Day 4's performance = terrible (-26 SOL). +2 SOL overall.
Feel like my judgement got materially worse. I'll reflect on this and probably conclude 'trying new strategies with size' is a horrible idea.
Had a semi-acceptable entry on Kalanick's $atoms following the Elon tweet, but rather than cutting breakeven, decided to play the hero and bag hold to near 0. Horrible sizing as well ๐คก.
Lost on both PvPs of the Marc Andreesen coin too.
Tomorrow is a new day, IRL stuff until the evening, but will mentally reset and bounce back.
Pretty mute end to day 3, finished -2 SOL, +27 SOL overall.
Learned a valuable lesson in the trenches though - you can't force a narrative because you're impatient / bored.
Seems obvious in hindsight...๐คทโโ๏ธ
Tomorrow is a new day, and feeling optimistic with pace of learning ๐