looking to patch up some holes in my execution.
i've done pretty okay the past couple of days
my recent bigger losses are:
- chinese can fly
- triplet
- DDOS
- suit
- Grokification
i think my biggest leak right now is Entry & Roundtripping
i recognize that i bought 1% of
$suit at around 1m, sold bottom at around 300k and then it got bought back up to 1m.
today i realized i repeated that exact same mistake with
$DDOS (buy 1.2m, sell 300k and it was bottom now back at 1.2m)
now that is a leak.
i think the bigger problem lies in the entry, i have to be willing to be sidelined. no need to topblast when the coin is on an extension/distributive phase
so new rule is to only buy during accumulation. of course some coins are a topblast esp with catalysts but most coins should just get chucked in the watchlist.
hopefully rules like that will help me avoid the -6k i took on
$triplet too, i was too agressive even though it was a good breakout, i don't have the liquidity for time horizons like triplet's and it's honestly just not my type of trade.
chinese can fly was my biggest loss of recent times, i sized in at around 1.8m even if it was uncertain, it went 2.5x and i didnt take any off the table, i should've been more agressive and i rt'd into a loss. it's okay tho i think i took a good shot w that as a bnb coin
other than that. have been performing okay.
i'm happy to revisit all of these closed positions as i think we can always learn something from any trade whether it hits tp or sl.
i'm going to be travelling for a couple of days but going to stick with my solana:Ai66LHZG9MCzg1WKdawwqduVAXpNDUuV8M3uyq5ppump solana:DEW9dSN6QpWyNthphCpMmAbZP1Q4cEKR9xQXAri98WDP solana:DvdmEnztCmXwBnAbedD48XVGZJSxq31zNvnyftXdpump basket for now. will rebalance if needed.
we keep moving forward and we keep winning.