My experience trading MEME coins gave me a profound understanding of discipline. I took a small position in a trending coin, and shortly after buying in, it surged 80%, sparking frenzy in the community. My emotions were completely driven by FOMO (fear of missing out), and I ignored my original plan to take partial profits after a 50% gain, fantasizing it would double. As a result, the market reversed sharply, and within minutes all my profits evaporated and turned into losses. I didn’t hesitate and exited strictly according to my stop-loss discipline. It was painful, but it preserved my capital.
This lesson was invaluable: the most expensive tuition in the market is using real money to test your own luck. Now, I write my trading plan on a sticky note and stick it next to my screen as a constant reminder: in crypto, surviving is ten thousand times more important than making quick profits.
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My experience trading MEME coins gave me a profound understanding of discipline. I took a small position in a trending coin, and shortly after buying in, it surged 80%, sparking frenzy in the community. My emotions were completely driven by FOMO (fear of missing out), and I ignored my original plan to take partial profits after a 50% gain, fantasizing it would double. As a result, the market reversed sharply, and within minutes all my profits evaporated and turned into losses. I didn’t hesitate and exited strictly according to my stop-loss discipline. It was painful, but it preserved my capital.
This lesson was invaluable: the most expensive tuition in the market is using real money to test your own luck. Now, I write my trading plan on a sticky note and stick it next to my screen as a constant reminder: in crypto, surviving is ten thousand times more important than making quick profits.