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  • Solana Memecoins 101
  • Getting Started
    • Beginner Guides
    • Setting Up Your Wallet
    • Choosing a Trading Platform
    • Scanners & Trackers
    • Trading Groups
  • Trading Psychology
    • Common Mistakes
    • Building the Right Mindset
    • Handling Losses Properly
    • Handling Wins Properly
  • Trading Memecoins
    • Types of Traders
    • Finding Narratives Early
    • How to Find Good Narratives
    • Taking an Entry
    • The Art of Taking Profits
    • Knowing When to Cut
  • Wrapping It All Up
  • The Edge
    • Advanced Playbooks
    • Port Building
    • Coin Fundamentals
    • Wallet Hunting & Tracking
  • Twitter Tracking
  • More Coming Soon...
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  1. Trading Psychology

Building the Right Mindset

Here’s how to fix the common mistakes — and build the mindset that actually keeps you in the game:

1. Stop Chasing

  • If you missed it, you missed it.

  • Instead of chasing pumps, focus on catching the next move early. There’s always another play.

2. Pre-Plan Your Exits

  • Decide where you’ll take profits before you buy.

  • Write it down. Stick to it. Emotion is your worst enemy once you're in a position.

3. Know When to Cut

  • If the reason you bought changes, sell.

  • Small losses are a cost of doing business — not a reflection of your skill.

4. Trade Less, Not More

  • Only trade when it’s obvious.

  • Quality > Quantity. Fewer, higher conviction trades = longer survival.

5. Manage Your Emotions

  • Losses will happen.

  • The best traders don’t avoid them — they manage their reaction to them.

6. Respect the Market

  • You are not owed anything.

  • Stay humble. Stay patient. Play smart, not desperate.

Remember:

  • Trading isn’t about being perfect.

  • It’s about being disciplined enough to stay alive long enough to catch the wins that matter.

Most people lose because they rush, they overtrade, they hold hope bags, and they think they’re smarter than the market.

You don’t have to be one of them.

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Last updated 1 month ago