Accumulation zone
Hi guys, when I said June would mop up the mess made in May, it wasn’t a drill, it’s literally happening but hold on your heels first, June mopping a mess also includes prices needing to dump at some point, traders call it consolidation, so prices might need to consolidate here and there before finally clearing the way for summer run.
This is that time to take some profit on some pumps and buy back when the prices crash. Get it?
Fear of missing out is real, your guts will hurt
How do you deal with FOMO in the meme world guys? Let me share this personal experience with you, so most people that read my posts know I’ve been knee deep into memes for a couple of months.
I’ve shared how I’ve seen tokens go from $10k marketcap to $10m in few hours, I’ve shared how I was part of a few like that but with very low capital, and how I’ve also seen tokens go from $10m to $10k market cap in few minutes, aka rugged.
Ever felt like you’re cursed?
When a token gets rugged all I can say is thank goodness I wasn’t in it, but when a token moons hard, it’s harder to cope, my stomach turns and I can’t help but imagine how my life could have changed in such a short time. When I first started seeing those life changing numbers pop off with memes, I literally used to feel like I won’t get another chance.
Sometimes, I’ll even feel like I’m cursed or something, because how do I explain being right there, at the right place and at the right time - which is rare, and still not take the chance or take the chance but with peanuts and get peanuts out.
Sunshines eventually
It took me a while to come to terms with the fact that there will always be another chance, another meme token, another opportunity for another 100x and missing 10 or 20 of them is not the end of the world.
This mindset shift was important for my mental health and trading. It helped me manage my expectations and emotions, which is half the battle in trading. Understanding that crypto market is cyclical and full of opportunities if you're patient and persistent made a huge difference.
One thing I’ve learned is to set clear rules for myself. When I see a token pumping, I now have a strategy in place: if I’m not in from the bottom I don’t FOMO, if I’m in, I take profits at certain levels, and don’t get greedy. It’s about being disciplined and sticking to your plan, even when emotions are running high.
Also, diversifying my portfolio has helped mitigate the risks. Instead of going all-in on one meme token, I spread my investments across multiple projects. This way, if one token gets rugged, I’m not wiped out.
Also, engaging with like-minded traders, sharing experiences, and learning from each other can provide valuable insights and support. Whether it’s on forums, social media, or dedicated crypto communities, having a network can help you navigate the ups and downs. My go to place is Twitter, some people prefer telegram. Know yours.
Lastly
To wrap it up, dealing with FOMO in the meme world comes down to managing emotions, having a solid plan, and staying connected with the community. Remember, crypto is young, and opportunities are endless. Stay smart, be patient, and keep learning.
Here’s to more calculated risks and strategic wins! 🚀 Lfg Frens 🚀🚀🚀🚀
Thanks for reading.
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