I need to get these into my head before I am profitable. This is the only thing stopping me in my current state.
- Do not trade when you cannot find an edge in the market.
- Stick to my trading times (no trading between 10PM~)
- Cut losses at -0.3 SOL a day, no matter how hard it is, or how tempting it is to continue.
- Do not FOMO, or topblast, wait for a dip or avoid buying altogether.
- NEVER, EVER size up buys.
- Never trade emotionally.
The start of the day. I swear it's not my fault. I was up $50, and decided to keep trading, and now I'm down $350. Every single coin I bought, pumped as soon as I decided to cut my losses. Every single wick I bought caught the fucking tip, and dumped instantly. This is just bullshit.
Day 36 of trading memecoins.
Don't know why I kept trading today after I said I'd stop yesterday, but I decided to anyways and was trading well.
My buys were mostly good, went on a crazy streak with diamond hands. Need to stop FOMO and re-entry habits, but was executed well today. Unfortunately did have a string of losses to start the day but it's alright.
Once I get in my rhythm, I'm able to trade like a genuine master. Maybe it's the lack of stress I feel after having no goal of 10 SOL any more.
Anyways, we go on. Still down generational on the month, and still need to lock in IRL for some exams.
@flipski77@BeanzzSOL Dude I'm so serious I wouldn't have cared if you dumped on me there. You pretty much revived the whole narrative after Decu & some other KOL decided to dump a perfectly good coin. Much appreciated G!
Only in crypto will you see someone with 7 figs trying to destroy a multi billion dollar industry
When Pumpfun was created, nobody even knew he would ever start trading.
Now he’s made a few million and thinks he’s the king of CT, after all his scams.
It’s sad, but that’s the true face of society.
Help someone make a little money, and at some point, he will start thinking he’s bigger than you and try to destroy you.
is there like some new global disease that infected every memecoin trader in the past week that idk about what is going on the past few days this is genuine insanity
-11.93
Day 35 of trading memecoins, the end.
Thanks everyone who believed in me. Unfortunately I will call it there, and take a long ass break until I can figure my stuff out. I obviously can't stay disciplined to my rules, and it shows in my results. I basically donated 12 SOL as exit liquidity to a variety of people and KOLs, I hate myself for that so much.
I will be back in 2 weeks, due to some IRL commitments surrounding exams, and I will be back better. For now, the 10 SOL goal is done.
The state of the trenches and CT is fucking awful as well, no one except a select few KOLs are benefiting.
When I do come back, I need to:
- Stop overtrading.
- Stop getting re-entry's after fumbling.
- Stop oversizing, STOP if starting to be emotional.
- Keep losses under 0.3 SOL / day, and trying to make back losses.
- Trading at night.
- Stop roundtripping good PNLs and stop selling so early on good PNLs. This is such a ridiculously big issue for me.
I've lost almost all my money I previously made from other online spaces, so it's worth taking a break and reconsidering.
-0.36
-8.89 / 10 SOL, day 34 of trading memecoins.
I swear I tried so hard to get this into the green, I put everything into it but I just couldn't. My losses were ridiculously huge, and there was nothing I could do to dig myself out of a -$400 hole.
I hit my 4 biggest PNLs today, aping 2 SOL onto high cap tokens. I also hit my 3 worst PNLs today unfortunately, as well as many other huge losses.
All my losses were fully avoidable, this day should have 100% been green, and should have been something insane like +2 or +3 SOL total. I bought into a pretty obvious rugpull, with huge sizing on an unconfident narrative, and then also held on so long for some coins that were guaranteed losses. I keep thinking back to these losses, and how I would not have had to be in red today and break the streak.
Overall, today was a big rollercoaster. I started the day -$180 from an unrealized loss from the prior day and many more ups and downs.
Went from -$180 > -$45 > -$170 > -$50 > -$30 > -$300 > -$225 > -$400 > -$109 > -$40. At least I know I'm a lot more profitable than I thought I was. That's all for today, better days ahead.
Day 34 has been a rollercoaster so far. So many big losses and so many big wins, worked my way from a -$180 from an unrealized loss from the prior day back up to -$47 on the day for now.
Still making mistakes, but getting less common. Can't wait to update my 30 viewers on my final day PNL.