Let's review the recent trading of the meme mini bull market.
First of all, with Mubarak + Broccoli + Tut, not only did I break even, but I also made a profit, selling most of it. It's hard to imagine that at one point I lost over 2 million on these three coins. In the end, breaking even and making a profit is certainly a happy outcome, but these three ridiculous coins made me miss out on larger profits from Moodeng, Neiro, and Goat, so I'm not particularly happy about it. Also, when I lost over 2 million on these three coins, it made me reflect; I will never buy any coin more than one percent in the future. I thought it didn't matter because the market cap was low, but I bought too much, resulting in such a significant unrealized loss at the bottom.
Then there's Pnut, which also yielded decent returns after holding for about three months. The process was actually a bit torturous. The most uncertain time was when the ACT operator ran away; at that moment, I also considered whether to sell, but I held on because of deep feelings. In the end, I sold out at around 0.4, which was the most profitable trade recently, quite satisfying; the wizard is awesome @0xcryptowizard.
As for ETH, I actually feel it's a pity. I bought 10 million at the very bottom and even tweeted about it. My cost was only around 1450, but I started selling at 1650 and sold all at 1800. Mainly because I had been hit too hard by diamond hands recently, I thought it was better to be a paper hand for stable profits. A quote from Teacher Lu really resonated with me: "Assets are still those assets"; the funds will eventually return to those few tradable assets @Luyaoyuan1.
The rest are some very scattered trades, with two larger ones being Trump and People, both making about hundreds of thousands of USD. Trump was a chase buy after the dinner news, and People was based on my observation of the meme coins on Binance; almost all good concepts and narratives were rising, but the only meme with a concept and narrative that hadn’t started was People, so I bought it.
Recently, on-chain trades have been very unsuccessful. The last time I made big money on-chain was when I made several million on TST. Recently, only some old coins I had bought at the bottom made money, and I hardly profited from any new coins, especially Launchcoin, which had a very clear buying logic, but I missed out.
Ultimately, my mindset towards on-chain trading has been quite awkward lately. On one hand, I want to stay away from the crypto world, so I’m reluctant to invest too much energy into on-chain activities, because on-chain really requires a lot of energy input. On the other hand, when I see others constantly making money, I can't help but buy a few trades. This casual mindset is indeed very unsuitable for on-chain trading.
Also, I'm a bit sorry about Adventure Island. I had planned to do it with friends, but I overslept. I originally intended to invest 1 USD. I also participated in two presales recently. To be honest, the bull market has made me a bit careless; I even got friends to join in on these two presales, especially that beastly one at 10k. I can accept losing money myself, but it feels a bit guilty to drag friends down with me.
That's about all for my recent trading thoughts. Honestly, it still feels a bit awkward, caught in a state of wanting to stay away from the crypto world yet unable to resist trading.