Just some of the words that come to mind when I see bambi traders who are still wet behind the ears "jeet" into meme coins with their $500 in life savings clutched in their fist hoping to hit it big in the memesino.
Sad.
Instead of spending time formulating foundational trading principles and a strong thesis on direction, they idolize doge coin millionaires as if they 're the second coming of Christ.
Turning water into rancid dog shi...can I swear on here?
In any event, my reason for writing this psychological thriller of a post is two fold;
1) We are not even at peak hysteria yet and dumb money is already flowing to these lottery ticket tickers.
It's almost time to make the biggest pychological shift in your trading you will ever make so be prepared, because while everyone else is selling their sound investments and converting it to cat tokens YOU have the opportunity to observe the FOMO within yourself.
Once you conquer this and hold the line, you are unstoppable.
2) Spending this time creating strong first principles, the techniques will come (they always do), but success comes slowly and consistently with a principle-based trading diet.
Try not to fill up on an over-processed all you can eat meme coin buffets, because when the time comes and you need empty space for your investment you will be too bloated to eat.
Be wise my friend.
"Knowing yourself is the beginning of all wisdom." - Aristotle
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.