Yesterday a fan messaged for help:

"Cousin, I have been losing money for several months in a row and feel very confused. Can meme really make money?"

He is a university student who works part-time in his spare time and invests a portion of his salary into Sol chain PVP. Besides catching the wave during Trump’s time, the rest of his trades have mostly resulted in losses.

Can meme really make money?

This has always been a controversial topic. There are indeed many people who have made hundreds of thousands or millions relying on meme on the Sol chain, but in fact, there are more people losing money; it's just that those who made money tend to show off their achievements, while those who are losing remain silent and do not speak up. Over time, this creates an illusion that the chain is a place to pick up money.

If you want to survive on the chain, the first lesson is to learn to demystify.

Often, even when there is profit on paper, people are reluctant to take profits or break even, ultimately losing money and exiting. Where does the problem lie?

I think it’s because he made some money during Trump’s wave and developed a mysterious confidence. Deep down, there is always a sense of luck—what if he is the chosen one who becomes rich overnight?

I also frankly told him: Cousin is not the chosen one.

In four years of trading coins, I have never made a single coin A7; all the assets I currently own are built step by step. Although the pace is slow, and I have indeed missed out on several seven-figure profits due to not believing in my luck, at least I have accumulated a certain wealth at a steady and solid pace.

He said: Every time I buy, it drops; when it drops, I cut losses; after cutting losses, it rallies.

This problem is easy to solve. Find the root cause. He is a university student with no savings, and cutting losses indicates that his position has long exceeded his psychological tolerance. Once the funds shrink, his emotions fluctuate, and trading judgment becomes unbalanced, leading to a vicious cycle over time.

My advice to him is just one sentence:

Save money first, then venture invest.

Stable income, sufficient savings, and understanding of financial management are the foundation for going on-chain. Having savings provides a margin for error, so you won't sell off your entire position during every fluctuation.

If you can't afford the principal, it’s not venture investment; it’s just gambling.