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Sizing, exits, conviction and the mental game.
Everyone is heading to Singapore, while the charts of the last two weeks have been all over the place: a rollercoaster of emotions between ups and downs after a few electric weeks.
Which brings me to the part of this week that made me laugh at myself.
By Friday the 11th, my meme coin portfolio reached an all time high of $151,000.
“The market is a device for transferring money from the impatient to the patient.” Warren Buffett
Most market participants believe trading mastery is built on technical precision: drawing diagonal lines across 1 minute candles, configuring precise moving averages, setting multi tiered take profit…
The single best trade execution setup is often the one you set and completely walk away from.
Lines, Fibonacci retracements, and indicator overlays look convincing in post market recaps, but in high velocity, reflexivity driven markets, liquidity is social.
Psychological detachment also means knowing when to respect macro exit signals, even when your internal bias tempts you to stay long.
A few days ago I saw something on PONS that I genuinely learned from.
This is probably the biggest thing I took from the PONS trade.
I think this is something traders should accept much earlier.
We remember the guy who held Bitcoin for ten years, the person who bought SOL after FTX and refused to sell, or the wallet that turned a tiny memecoin position into millions.
Everyone wants to sell the top because every chart makes it look incredibly easy.
Finding the token is 20% of the trade. Execution and sizing carry the rest.
Following this, it’s easy to think that maybe something is wrong with you if you’re not successful at this type of trading
In our first letter, we wanted to give you some background information on ourselves.
There was an ongoing discussion this week on X about creators wanting to be traders and how it was easier to make money online before this cycle.
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