Rowdy's Renaissance
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welcome to the fun personal trading journal. all the these post are larp and NFA Twitter: https://twitter.com/RowdyCrypto
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When you were partying, I studied the blade. When you were having premarital sex, I mastered the blockchain. While you wasted your days at the gym in pursuit of vanity, I cultivated inner strength. And now that the world is on fire and the barbarians are at the gate you have the audacity to come to me for help
8 291
August 28th, 2024
Wins:
N/A
Loses:
Various SOL Tokens (SOL): -$15,000
Total Daily PnL:
-$16,000
thoughts:
first off im using AI now to do this for me to calculate my daily PnL much easier than manually, which is cool. honestly my biggest losses today where off tokens from yesterday or the day before that i finally cut losses. i didnt trade much today because of the market conditions, and really just shaking off 1 bad trade thats making up for the majority of this loss. The trade was $GEM, and i saw it at such a high marketcap and didnt believe its "deflationary" was actually deflationary. all it was is slowing burning 90% of supply over like hella time. the thesis made zero sense, but i borrowed conviction from a friend and learnt the lesson. Just to be totally clear here, this is 100% my fault, not anyone elses. Borrowed conviction in this space is -EV. the reasoning is if your friend shares a play and you ape, even if it goes up your going to jeet early because you have no conviction. if it goes down, you have zero idea how to migate the loss or when to cut it because its not even your conviction. However, if you find a play from a frens share and build your OWN CONVICTION, then this is extremely +EV and the reason you surround yourself with likeminded traders. however if you dont have your own conviction, you shouldnt play, even if someone else conviction is strong. I surround myself with the best of the best on chain, people who work as hard if not harder than me, but that doesnt mean they are right 100% of the time, and nor am i. You (and me) need to understand the risk you are taking when you enter a trade off borrowed conviction. collect information from the web and use your own creative intuition to create the narrative. sorry for the rant but just market thoughts
overall market is shit tbh, still will be hella opportunities and i will show up every day. being hesitant on shooting bullets till i see green.
8 291
Repost from Rowdy's Renaissance
i think i got my swagger back
moving environments soon, taking this to a whole new level
gm
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