As I get ready to jump back into the trenches I felt that it was important for me to establish some rules that will be the foundation of my trading philosophy.
1. Your goal is to make money. As obvious as this seems, some of us manage to forget this. At the end of the day make sure everything aligns with this.
2. Take your losses lightly. Losses are inevitable, but managing them and responding to them properly is crucial. Dont let 1 L turn into 10.
3. Have fun. Honestly having fun in anything you do is just a cheat code to win in life. If I’m operating out of fear and stress then my decision making wont be on point. End of the day it’s a game. There are more important things in life to actually stress about.
4. Dont get lost in the sauce. There’s going to be moments when winning just feels too easy. You start taking on unreasonable risk and lose sight of the game plan. Stay grounded. Focus.
5. Slow is pro. Less is more. More clicks doesnt mean more profitability. In fact it means the opposite most of the time. Quality > quantity. A lot of times when we get sped up it’s because we’re feeling desperate. No reason for desperation. Abundance mindset.
Let’s see what happens. 🤞🏽
As I get ready to jump back into the trenches I felt that it was important for me to establish some rules that will be the foundation of my trading philosophy.
1. Your goal is to make money. As obvious as this seems, some of us manage to forget this. At the end of the day make sure everything aligns with this.
2. Take your losses lightly. Losses are inevitable, but managing them and responding to them properly is crucial. Dont let 1 L turn into 10.
3. Have fun. Honestly having fun in anything you do is just a cheat code to win in life. If I’m operating out of fear and stress then my decision making wont be on point. End of the day it’s a game. There are more important things in life to actually stress about.
4. Dont get lost in the sauce. There’s going to be moments when winning just feels too easy. You start taking on unreasonable risk and lose sight of the game plan. Stay grounded. Focus.
5. Slow is pro. Less is more. More clicks doesnt mean more profitability. In fact it means the opposite most of the time. Quality > quantity. A lot of times when we get sped up it’s because we’re feeling desperate. No reason for desperation. Abundance mindset.
Let’s see what happens. 🤞🏽
Observing the activity on chain the past couple of days and tryna see if I can find a feel for the market again. First thing I notice is rhythm.
We know ebbs and flows are part of the game but how many of us have honed in on an instinctive feel for the market’s pulse?
Without doing any real technical analysis and only just tuning in to the sentiment, while just eyeballing a handful of charts, I can feel the drawback coming up.
I think that sets up my first rule for when I return on chain: Dont Get Lost In The Sauce.
Getting lost in the sauce means you let your mental environment get so noisy that you lost the beat of the rhythm.
That rhythm manifests itself into 4 parts.
Excitement - Rest - Excitement - Rest.
Some phases feel longer than others but the cyclical manner of the rhythm remains.
That phase of “rest” after upwards excitement has like this liminal feeling and it’s easy to let greed take control of the wheel. That’s where forced trades happen.
I think that’s where we’re at right now. Moral of story… note to future self not to get lost in sauce.
Anyways Im just yapping, my $5 is now $3 so if anyone’s got 1 sol to spare I would gladly accept 🤣