Understand that losses are part of the process
If you lose 2/3 of your trades, you're still profitable if you hit 200%+ on 1/3 of your trades
You should not be phased whenever you lose
- Risk roughly the same on all trades (except if you have conviction/alpha)
- Have a set amount that you're comfortable losing
The hardest part is to not become emotional after a loss & deviate from your initial plan
Focus on your next opportunity, don't let previous trades affect your performance
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if you are losing money on meme coins:
• stop top blasting whatever the reason is.
• stop thinking, "if he burns the supply."
• stop believing shitty scammers.
• stop aping bigger than your size; this is literally money and psychology management.
• stop chasing easy money, trying to front-run influencers and aping the calls.
• stop selling your full supply. if you like the coin but are up so much, leave a moon bag.
• stop trying to find the next meta. size in the current meta coins on the dips.
try this, for 10 days, i bet you will make money.
rough week. went from 2 sols to 0.5
main reason for losses are hesitation and impatience.
emotions is very hard to control especially when using the capital you initially put in.
Move on, and run it back.
all you gotta do is camp at your PC.
do not go outside, do not open your phone.
check @tradewithPhoton every minute, look at the developers' old coins from @pumpdotfun.
talk with your Web3 friends in chats, and try to make money.
this is our chance.
we will tell our children about this summer.
locked in 👇
Started with 1 SOL a few weeks back, managed to double it.
This is the reality of many who're just getting started on trading Solana memecoins, some don't even make it to 2x and just lose it all.
Learning curve can be brutal, specially for normies like me. But I'll get it done
a man and his attachment to unrealized PNL is a very interesting relationship to study
after months and years of grind he lands his first lottery, a combination of luck and good execution his end. the numbers go up, they go green, a lot of them.
yet he'll refuse to let it go, refuse to cash even half of it out to better his miserable life. ''i was right when i entered, i'll be right on when to exit'' he thinks to himself.
the uPNL peaks, as it always does. Hes now sitting with a significantly lower upnl as he thinks to himself, hey no way this doesn't atleast go back to where it peaked, and holds on. dreaming of realizing the same numbers he could've at ath.
never reaches there, and the poor optimist is forced to settle for a homerun-turned just another avg trade.
only a few are lucky enough to experience fairy tales.
when life gives you a win and a chance, book it.