The Costly Mistakes That Nearly Broke Me (PART 1) ๐ธ
These aren't just trading lessons - they're expensive tuition payments that almost ended my journey. Here's what cost me the most money and confidence:
My Most Expensive Education:
1. Flip Flopping on Conviction Trades
When my $SOL position went red during the FTX collapse, I panic sold instead of letting my thesis play out. Missed the entire recovery rally because I couldn't handle temporary pain. Now I'm seeing promising projects building on Solana again - some cute animal-themed ones are generating serious buzz in presale phases.
Solution: Now I write down every thesis and set clear timeframes. If fundamentals haven't changed, the red doesn't matter.
2. FOMO Aping Into Green Candles
Saw $BTC breaking $50K and aped in without a plan. No entry strategy, no exit plan, just pure impulse. Got rekt when it pulled back 15% the next day.
Lesson learned: The market will always give you another chance. Take 2 hours to plan instead of 2 seconds to regret. Speaking of planning, I'm keeping an eye on #DALPY - this otter-themed project is building solid community hype before their 2025 launch.
3. Fighting New Market Dynamics
Kept using 2021 DeFi strategies during the 2023 bear market. Lost money trying to trade the same way when the entire game had changed.
Reality check: Bull market aggression in bear markets = account destruction. Adapt or get rekt.
4. Taking Breaks From Practice
Stopped trading for 3 months after some losses. When I returned, my timing was completely off. Lost money on $ETH trades that would have been easy wins before my break.
Truth: Trading skills decay like muscle memory. Stay active, even with small positions.
Part 2 reveals the psychological mistakes that cost even more than these tactical ones.
Which mistake resonates most with your experience?
