Returning to the Meme trenches: a week of losing money documentation and summary
First, let’s share the experience:
1. The current Meme market is definitely not suitable for retail investors. If you haven't mastered the skills, don't rush in. But this is a paradox; if you don't enter, you won't step on any landmines, and you'll never master the skills. It's all about finding a balance.
2. Based on point 1, you must reduce your trading frequency. Look for top-tier opportunities like those from veteran investors and go in heavy. Don’t hold onto the mindset of buying various coins like a lottery ticket.
3. You need to build a system specifically for capturing top-tier opportunities: discover quickly, identify quickly, and enter with a heavy position.
4. Trading memes really feels like gambling. As you gamble, you become numb, and your technical moves become distorted. "This time is different," "I am the chosen one," "All in, this is it." But unfortunately, in gambling, your win rate is often 49%, while in the Meme market, your win rate is only 20%.
Next, let’s discuss a few specific examples of losing money:
$cputer
This one lost the most. The concept is indeed impressive; a major influencer with hundreds of thousands of followers set up a computer for AI to have fun. This inevitably reminds people of $GOAT, which sparked the AI-Meme wave back in the day, and everyone rushed in. But it turns out the DEV is just like some AI big shots, a hypocritical character. Initially, they claimed not to issue tokens, but later they had AI find a pet and name it. What else could this be for if not to issue tokens? In the middle of the night, they even had AI rename it to $Codeputer, causing the old coin to plummet from 10 million to just over 1 million.
One can't help but sigh; it seems foreigners really have a mindset that whatever they deceive or steal is their own skill. While there are indeed bad people in China, those with a bit of status and identity really don’t dare to be so brazenly shameless. Even if they are shameless, they feel guilty. We really need to adapt to the thought processes of these uncivilized beings.
Trend series
How should I put this? I simply feel that Mable is launching a new project and making a big thank-you post, which surely must have been to pump and attract attention, right? But the result is that it didn’t happen. Surprised? Unexpected?
Veteran influencers and DEVs in the crypto circle give me the impression of a certain refined self-interest or, shall we say, crypto aristocracy. Retail investors support their projects and have faith in them. If my project does well and makes you money, that’s because I’m great. But if my project causes you to lose money, that’s none of their business.
As long as it’s not illegal, we won’t complain, but we need to recognize these mindsets.
$Trencher
I saw late at night that Pump invested, and since I particularly liked this token, I jumped in, only to get cut. I knew the good news was just to harvest retail investors, yet I couldn’t help myself. Sigh.
Pixiu
I’m also somewhat of a veteran, but when a new coin just launched and chaos ensued, I switched tools back and forth and accidentally jumped into Pixiu. I didn’t lose much money, but it felt worse than eating a fly.
The others are just normal trial and error, including but not limited to: $eagy $kuromi $pve $jasmine $johnny $ug $inu $cc. Although they are all small losses, they add up.
Next step: change the mindset, reduce trading, and only wait for big opportunities.
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