Greed and emotions tend to be the downfall of most people in this game. Understanding this early on and keeping it in mind when you're just starting out is crucial, and this video does a great job of reinforcing that mindset.
One of the most important chapters.
I've seen the word delusion, in the context of optimism, thrown around a lot but this got me more hooked on such idea that it made me read a bit more into it and the law of assumption. I highly recommend everyone to check it out (1)
How to Trade Memecoins - The Most Complete Guide Ever Made!
3.5 hours. Completely free. Everything I learned in 7 years of trading, including losing it all twice.
Wallet setup, finding coins early, entries and exits, risk, psychology, avoiding scams and much more.
Out now on YouTube. Link below.
Enjoy 🫶
Anyone who's reached the top 1% in competitive games knows you can't improve without analysis. Trading is no different. Set your rules, develop your style, and review every trade. You'll either find mistakes to fix or know you stuck to your plan, even when you lost (2)
paper trading is whatever, I don't know why people recommend it.
You train the wrong part of your brain by doing that, the moment you trade with real mone/SOL involved, emotions will play more of a role, you will start overanalyzing coins, caring more about entries and such.
In part, this sucks because you are forced to lose money, but you should be watching others trading and learning from their styles of trading.
It makes a lot more sense why 5-10 sol is recommended to start in this field, making it with just 1 sol is possible but more unlikely
paper trading is whatever, I don't know why people recommend it.
You train the wrong part of your brain by doing that, the moment you trade with real mone/SOL involved, emotions will play more of a role, you will start overanalyzing coins, caring more about entries and such.