1) protect capital at all costs
2) dont chase hype, first build conviction on my own then ape
3) dont revenge trade, rather take a break
4) dont marry your bags
5) always take profit so winning trades dont suddenly turn into loosing trades
6) journal every trade with the reason for entry and exit
7) stay patient, impatience wipes out portfolios fast
I have been able to catch most of the big robinhood runners very early:
$AI at 6.5M
$PONS at 26M
$INDEX at 7M
$MEME at 5M
(you can find my first buys in the pictures below)
However I sold all of them way to early
Does anyone have tips on how to build stronger conviction / estimate ceilings better?
Think group chats with like minded people could help but havent found a good one yet ๐ค
my dexscreener watchlist for smaller caps in the current robinhood meta where memecoins are paired with stocks:
$NUDES -> paired with SNAP, one of the funniest and most natural pairings imo
$WADDLES -> paired with AMZN, somehow imbedded in the code
$SIT -> paired with AI, coming from the goal of AI securing a NVIDIA โboard sitโ
$AU -> paired with TSM, funny ticker
$BAWSAQ -> paired with TTWO
good metrics after only 24h
robinhood eco and especially $PONS looks primed
cant believe $PONSBOT is still at 700k
0xb1e9b822b81bbbdab375f7f4d86e44fa04d12b07