LogoLogo
TwitterDiscordWhop
  • 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...
Powered by GitBook
On this page
Export as PDF
  1. Trading Psychology

Common Mistakes

Most people don't lose because they picked bad coins. They lose because they make emotional mistakes.

Here are some of the most common ones:

1. Chasing Pumps

  • Seeing a green candle and buying late almost always ends badly.

  • If you didn’t catch the move early, wait for the next setup.

2. Not Taking Profits

  • "It’ll go higher" is how most people roundtrip their wins.

  • Take profits on the way up. Stack your wins.

3. Holding Bags Forever

  • Not every coin will come back.

  • Set a plan before you enter: when to sell, when to cut.

4. Overtrading

  • Boredom is expensive.

  • If nothing looks good, doing nothing is a position.

5. Letting Losses Spiral

  • A small loss isn’t the end of the world.

  • A small loss you refuse to cut can turn into a career ender.

6. Thinking It’s "Easy" Money

  • Memecoins can make you money fast, but they can take it even faster.

  • Respect the market, or it’ll humble you.

Making mistakes is normal. What matters is how you adjust after them.

PreviousTrading GroupsNextBuilding the Right Mindset

Last updated 1 month ago