๐จ #TradingMistakes101 : My TRUMP Trap That Still Hurts ๐จ
When the $TRUMP memecoin hype exploded early on, I jumped in with 700 dollars, thinking Iโd ride the wave and flip it quick. No deep dive, no plan โ just pure FOMO. I watched it pump fastโฆ then dump even faster.
I held the bag, hoping for a rebound that never came. And honestly? I'm still stuck holding that position.
๐ Lesson learned:
- Hype is not a strategy
- If you donโt have an entry + exit plan, youโre not trading โ youโre gambling
- Just because everyoneโs talking about a token doesnโt mean itโs going to the moon
Now, before I enter any trade โ especially with meme coins โ I:
โ
Research the token, team, and trend cycle
โ Set clear stop-loss and take-profit targets
โ Never go all-in, no matter how tempting it looks
Meme coins can be fun, but they teach brutal lessons if youโre not careful.
Have you ever FOMOโd into a meme coin and got stuck? Letโs share and learn together.