This take has always baffled me
Memecoins and this generation in general with any kind of internet money (high risk high reward) is already a heavy toll on people's perceptions of money, people that believe if you make money you NEED to hit zero is crazy.
I have roundtripped mid 5 figs on coins, I've had downturns but never more than I could mentally handle, and the main way is by locking away most of my profits and only trading with a limited amount in my wallet.
If you hit big on a trade with REALISED profits, take a break, or lock away 80% and don't increase your size or start apeing everything, anyone in the trenches has seen this with good traders after they hit a big win and then proceed to lose a chunk for a few weeks after because they're slamming every mid narrative.
Preserving your winnings is just as hard as making the money itself. Stable your profits, lock them away. Especially if this is your first cycle (like me) you do not understand the market like you think you do, I roundtripped a decent amount just holding sol even when i stabled like 80%, just play it safe and set yourself up for the future.
Onchain opportunites are always there, stay alive in the trenches long enough and you will hit something huge.
Evening reveals you have to lose it all twice before you make it back and then some more
โI was about 18 years old I bought this coin called fart coin this was like 2 years ago this probably one of my craziest trades bought it about$25k market cap with 1 sol and I needed up cashing out over $50kโ
โI flew to Miami spent a week there clubbing renting cars and larping I didnโt understand risk management it was one lucky trade and I didnโt have another cash to fall back onโ
โLast year I was just throwing a lot of money into coins again no risk management I almost zeroed out like in December last year and I just rebuilt myselfโ
@toly@OrevaZSN toly do you still believe in your idea of a "mr beast" type charity ran through crypto? im interested to hear your thoughts on the new charity system on pumpfun.
The interesting thing about memecoins, is that people seem to hate no matter your strategy, invalidate your wins because of "tracked wallets" or "bundles" or "buying too much" when realistically if you were in the position you would do the exact same.
Scalp new pairs? Farmer.
Buy up a mid/high cap and sell? Paper Hands.
Buy a large amount off a tweet play that is good? "of course the axiom badge is doing this"
The only time you wouldn't get hate is if you roundtrip all of your money. There is no "respectable" way to trade, it has always been player vs player and I promise if you tried to do what people like clukz do without his speed and decision making you would get destroyed.
Trade how you want and do what works for you. People are going to bundle, people are going to use their copytraders, yes you can make it without any of those (I trade on ONE wallet and a dev wallet, I don't bundle, my wallet isn't tracked).
If you're someone who cries at others making money and their strategies, flip the focus on yourself and why YOU aren't profitable. There is an edge to trading and if you are constantly losing it is on YOU.