journal #38
patience
really just been sitting here and waiting for the right opportunities, of course im still on 16 hours a day and constantly hunting for them myself but these past 9 days I've just been adding to coins i already hold and waiting for the volume to come back on specific chains so that the coins im in can play out
I've been losing some from trenching because i buy coins to hold, and with no care in the world for robinhood or mainnet (until today) there's just been nobody to buy coins and you just end up getting lost in the desert and slowly drying up without realizing, not down a crib or anything, thankfully im up on the week, just gets annoying and tempts me to let go of my patience but ill never do that
in order to help clear my mind ive been selling a bunch of unrealized bags everyday that are just like -80-90% to just let go of those losses and move on, only issue with that is it's hard to not let the red pnls get to my head but at the end up the day ur pnl is determined by how much ur balance is up or down after the day is over, not from the calendar which is usually inaccurate anyway if youre always transferring between wallets
right now im not actively on the scope for sol, made a side wallet where ive been buying into coins i think are going to go really high but i genuinely can not be asked to trench on sol, dont even want to so whenever i try to i just end up losing so if i have to force my self to trade the chain i probably shouldnt be anyway
im just going to continue being patient and inshallah better days ahead
journal #37
losing
im ngl i think the past 5 days have legit only been red for me, i hate looking at my pnl, but after the losses ive been taking its become a habit and ive been checking my pnl so often now because ive been seeing my trading port in my axiom for both robinhood and sol just melt away
thankfully i dont have bad risk management, so how much im down is really just less than one good trade on a coin, but recently, especially on robinhood, i havent seen green, like at all, and it's definitely because there is barely anything to make on, and the ceilings are so low, yet i continue being a bull and roundtrip coins for losses because i have high targets, or go too heavy into coins becuase of how much i like them and when they dont play out i lose .5-1 eth and it just adds up to where my wins are not outweighing my losses at all
on sol the mistake im making is trading it how i traded robinhood, on robinhood i could buy prebond, it would go 200k-300k, i would trim a bit, then it goes down to 50k, and i just keep buying and buying and it curls back to 500k-1 mil+, and with coins not dying after the first pump i was actually able to maximize my wins by being able to stick to my conviction and not rely on a wallet to make the coin go up, i could genuinely trade the narrative, i feel like i cant do that on sol, the way i get vamped sometimes is so irritating as well, like there was a 1:1 the other day that vamped just because the image of the coin was a little more zoomed out than the other and i get drilled, but there is nothing i can do but do my best to adapt on sol, i find myself complaining too much about sol i need to just suck it up and get good
i was also honestly considering not even trading sol at all, and the day before yesterday i bridged everything out, but this morning i spoke to icon who i trench daily with and it's just that there is definitely money to be made on sol, so i bridged back and i restarted with exactly 30 sol
i lost like 4 sol and then fullported the 26 i had left into collect and was up like 170 sol on it but i roundtripped some and ended up making 100, so now ive finally been green on sol and it 3xed the trading port i started with
i knew this was how it was going to playout tbh to grow my new sol port, i knew i was going to end up just waiting for a pve and fullporting it to move the port a bunch to have a good start, so im glad it played out
and by only starting with 30 sol it led me to be disciplined since i wasnt starting with much and i waited for just one pve to make a lot and boost my port + confidence
so applying what i just did on sol, i moved everything out my robinhood port as well and just like how in the last 4 weeks i forced my self to grow from the 1.6 eth i had and took it to multi hundred eth, im doing the same now again with a low robinhood starting balance and i moved everything out to only start with 3.5 eth, and this isnt some challenge bs where im going to post my port updates, i think thats gay and retarded
im up a little more than 1 eth i think idek i took like 4 trades since i restarted my balance since it's so dead but after starting with a low blance on robinhood ive already noticed the difference
ive been trying my best to be selective and not be too bullish on coins, but i wont let this completely brainwash me from ever being bullish on coins again or something, there's time to be very bullish and hold and there's also times where i just need to accept the coin is topped and take my profit
but i think once you find yourself losing and going in circles with no change this is the solution, to discipline and humble yourself by starting with a low port no matter how rich you are and allow yourself to take the time to get back into the flow of things
better days ahead