Had a friend text me to give alpha

He bought, i bought as well.

Token goes up 200%, I sell, he keeps holding because conviction.

Now you see, holding isn't bad, but this person was overleveraged by a LOT.

You can already guess, he later sold for a -40%

Risk management isn't sexy, but being broke is worse.

It's very hard to take profits when you're about to flex, screenshot your Pnl and the gains you made,

As you keep thinking "this would go higher" even though you bought with a decent amount.

Now it's dumped and you have no one else to blame.

You normally should only be risking 2-5% of your portfolio when in memecoins, it's always been

Stable income -->Using disposable income for Memecoin trading

And not

Memecoin trading to get a stable income.

You see the 200x's but the whole majority of people get liquidated to hell.

Be smarter than that, preserving your liquidity is profit on it's own.