Accelerate Your Wealth

Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.

Good morning to my fellow on-chain gladiators. Times are changing rapidly. With the advent of Unibot and other telegram bots making it easier than ever to lose your money (or make it all back), we’re continuing to see a relatively large amount of PVP take place in the New Pairs section of Dexscreener.

I can’t lie, the last month has been insanely exhausting. It’s very hard to maintain composure and stick to an agreed-upon plan with myself when I see at least 2-3 coins doing 50-100x every day. The EV potential on shotgunning new pairs is nuts.

I wrote a bit last week on how it’s important to compartmentalize different strategies. It can be extremely tempting to liquidate winners and chase inevitable losers (which I am guilty of myself to some extent). Even within this new paradigm, having a plan to degenerately ape shitcoins is important.

With that in mind, I wanted to share a few other takeaways I’ve learned in my quest to eradicate all of my Pepe gains through buying 5/5 tax tokens.

Fade Your Emotions, But Go With Your Gut

What’s worked best for me so far is countertrading my emotions in a high conviction position - not a totally BS 5-figure market cap rug pull. When I’m feeling euphoric, that’s probably the time to sell or de-risk. When I’m feeling uneasy, it might be a good time to double down.

It’s much easier to enter a trade than to manage one while you’re in it. Even if you have strong conviction.

Avoid FOMO At All Costs

The biggest pitfall that everyone runs the risk of ensnaring themselves in is FOMOing. FOMO is inherently an emotion. The fear of missing out on generational wealth.

After Pepe came through and delivered insane returns for many, a lot of sidelinooooors and missoooooors were extremely salty. Understandable. But then, there came Turbo. Then Unibot. Then HarryPotterObamaSonic10Inu. Then OX.

Starting to see my point?

This market continues to provide exceedingly high multiples even after it feels like you “missed it”. There will always be another, be ready for it instead of chasing the new shiny object at the top. This is a good segue into my last point.

Patience Is A Virtue

I think a lot of people expect to see very quick returns and if not, they jeet their bags for breakeven / at a loss if they are not deep in the green. I had Unibot at $9 and jeeted in early June only to see them hit $180 a few days ago. It takes time for money to move around and for people to move in with size. Running up Pepe to $1.8B market cap in 3 weeks was unheard of and frankly I’m not sure we’ll see something on that level again.

While it may be counterintuitive, your best returns will very likely come from longer-term holds in this shitcoin game.

One of the last tweets from GCR is something I think about pretty often. Choose your horses and let them be off to the races. Attempting to scalp will only lead to your inevitable demise.

You Have Time

My last point is this - there is PLENTY of time to accumulate high conviction bags that will deliver double-digit multiples. Everyone’s FOMO is fueled by a constant shitcoin factory turbo-sending every day. While you chase shitcoins, only do so with money you truly are willing to lose. It is much harder to regain capital than to lose it (obviously).

To put it simply, don’t get rekt chasing the Burj Khalifas. Buy with conviction and have the patience and discipline to hold - you will be rewarded in spades and make the money that you lost back in due time.

That’s all from me this week - I’ll see you back out in the arena shortly. Stay safe and happy hunting.

Cheers,
Chuck