If you just blew up or lost a lot, remember - capital markets are the best MMO RPG in the world. You can always respawn and try again.
What matters most is turning the scars into lessons. Only then do they become beauty marks.
Don’t revenge trade. Sweat in the gym every day for the next month, then come back stronger.
If you stayed disciplined and still have cash, use the bounce to judge which assets are strong and which are weak.
Be obsessed with understanding what happened - the signals that triggered it, and what you can learn for next time to maximize gain / minimize loss.
Use the next few weeks to allocate slowly.
Avoid revenge trading and leverage.
Without blood, the cat never becomes a tiger.
There's a few sides on CT regarding sentiment:
-bulltards no matter the standard
-perma sidelinorrrs who wait for any chance to gravedance on the bulltards
-forced bears bc they think the "cycle is over" and topped for good
-actual degenerates showing up everyday to catch the lick for the day
-believe in something activists
-newbies that are trying to learn this whole crypto scene but influenced by the wrong following (not dyoring hard enough to know the reality of how crypto will be like, want to be spoonfed everything)
-trash scum who are downbad and will blame you for their own mistakes as if you had clicked the buy/sell button for them
If you aren't here to treat it as a hobby first (have fun losing/making money) before treating it as a "job," you may have to reanalyze your strategy.
Crypto (especially shitcoins) is very opportunistic, and the way this should be played (imo based off my own experience the last 4 years) is to consistently understand and accept what you did wrong and apply the lesson(s) to the next trade plan.
Nobody has a 100% winrate, or else you would hear everyone ONLY winning in the market. Oh, you nailed selling the top and flipped bearish short term? Oh you got out a new shitter before it rugged and made millions every trade? Cap.
You must learn to accept your losses before that "big win" is ahead of you.
Block the noise and figure out your own game/rhythm that works for YOUR trading style/risk management. Your conviciton =/ mine nor anyone.
God speed 💙
It’s a common mistake to try to maximize gains during mania.
Losing coins is more painful than earning them is joyful.
The winners in the greed stage are the disciplined, not the brave.
The Win Condition Methodology:
It's so easy to let emotions drive our decisions in trading - we enter and exit positions for reasons we don't control or fully understand.
Often the difference between the many and the few is a plan, and the best way to plan is to define the path to victory.
A win condition is an idea that if fulfilled, your asset should appreciate in value.
Define the win condition of any trade you take:
If that condition is invalidated - sell.
If it isn’t invalidated - hold.
From simple to complex, a condition has many faces:
Social: Elon will talk about this - it benefits his business.
Technical: The 0.618 fib bounced twice / the support line is holding.
Viral: This trend is exploding on tiktok, but trenchers haven't picked it up yet.
On chain: The fresh wallet funded by fixedfloat hasnt sold - it is my win condition for criminal activity.
Psychological: Sentiment is at an all-time low, everyone hates it.
Financial: They have a $1B treasury and a $500M market cap.
And many more.
Painting what the road to victory looks like and defining the reason for your actions - helps you hold with conviction (as long as the condition isn’t invalidated) or cut the trade in time (invalidation).
If you don't understand why you're holding, you'll likely make avoidable mistakes.
The win condition idea also aligns with the Good / Bad methodology: https://t.co/qDhvhmu6AF
If your condition is invalidated and you're forced to cut - its a good loss.
If your condition comes to fruition - its a great victory.
Lets win, cats.
The $TRUMP Trade
It was a normal afternoon. I was on the lounge, watching Encanto with the kids, half distracted, scrolling Twitter. Then I got a ping on Discord:
“TRUMP coin just dropped.”
I didn’t think, I just opened the trading app and put in $40,000.
I'm not about to miss getting brutally rugged and raped.
But the transaction didn’t route properly.
I checked the app. I was down 99%.
I rushed to the PC to see what'd happened. My wife was jogging on the treadmill, right in front of my desk.
“I need the computer,” I said.
“I just started,” she said, already annoyed. “This is literally the only time I—”
“Trump dropped a coin!” I yelled, pushing her to the ground.
I sat down. The price was already 80c.
He had just posted it on Truth Social.
I ignored the loss, refocused, and started entering again, $10K at a time, up to $1.40.
$100K in.
It was still unclear if it was legit. Then the price dipped hard back to 80c.
Then Trump posted it again, this time on X. That was the moment I figured it wasn’t a hack.
Unlikely someone compromised both his accounts at once.
Even dropped $50K in for a mate who trusted me.
$250K in.
Then I shut the PC down, got the kids in the car, and went to the shops with the family.
I didn’t sit there watching the chart.
An hour later, I opened Phantom at the shops to see how it was going.
TRUMP – $1,000,000.
I still believed. Hadn't sold a cent. How am I gonna sell the presidents coin under $10.
Over the next 48 hours, it ran to $70.
My position hit over $8,500,000 AUD.
It felt unreal. This is what I’d always dreamt of. I actually couldn't believe it. I kinda still can't believe it.
I’d been around crypto since 2020, buying with a few hundred bucks and hoping for a miracle.
I flipped NFTs at 3am for $100 profit when I had work the next morning.
I ran around the room screaming when I made my first $10,000 on a memecoin.
I GRINDED my way to my first million.
I gave it my all for 5 years while working full time and raising two small kids, trying to make something out of my life.
This time, after years of building up my balance and confidence, I put $250K into something that was barely confirmed, and it paid off.
I told my wife to quit her job. She didn’t argue. Monday, I walked in and handed in my own resignation.
We had enough to pay tax,
enough to buy a proper home,
enough to live without pressure.
Most of all, we had time to be around the kids, to stop grinding out every dollar.
I'm still watching the markets, albeit a lot less fun nowadays. Partly because I'm a degenerate gambling addict. Partly because I want to catch the next one.
If I do find one more, it’s not for me anymore, it’s for the next fifty years of my kids lives.
And if not, that’s fine too.
I already got my shot.
And I took it.