Hey guys, interesting price action since my last post about $Monkey. I want to use the night times to talk about my day in trading memes whether they went well or not, share my discovery’s insights, failures, losses and silly mistakes.
Perhaps they could contain one or more lessons for me for you or some plays that could make one really good returns, like $usduc, $salary and $monkey which I’ve been vocal about if you read my posts. Interesting thing is I look at my wallet in this moment but they don’t hold any of my conviction plays. Am I mad.
Not really about madness, my conviction plays hitting ATH’s while I’m not in them is a strategy, right now, I’m in some gamble plays for short term gain, my plan is to plunge the gains into my conviction bags when they retrace which they would.
So I sold my conviction bags to ape degen plays so that the gains from the degen plays will buy me back my conviction plays and more soon. Does that make any sense to you? Would it have made more sense to just hold and do nothing? Maybe I’m just mad.
I know it’s sort of risky right? Degen plays what if I loose? I know right, but what if I don’t loose? What if the degen plays give me enough profit short term and my conviction plays retrace and I size into them better and end up having more than I sold? What if ?
Sometime soon enough I will get out of this issue of not having enough capital to sit comfortably in conviction plays and still participate safely in degen without hurting my conviction bags. Not having enough capital can really be limiting but I have to start building either way somehow somewhere right!
At least as of today, data shows I’m much better than I was last month, last six months, last one year, so yeah there’s growth in levels of proficiency, this matters a lot.
So as I said I’ll be sharing my daily experiences at night before I sleep, hope you’ll like them. Not pushing anything. Just casually sharing my experiences.