Not long ago I jumped into a meme coin, thinking that after a drop it might recover.
The trade started going against me and I made a mistake: I kept waiting for the price to return to my entry instead of having a clear plan to limit the loss.
Finally, I ended up closing the trade with a loss of $15.🟥
For some, it may seem like small money, but for me it was an important trade because it taught me something:
Meme coins can make very strong moves, and a drop doesn’t necessarily mean the price will recover.
What conditions do you check before entering a meme coin, and what do you do when the trade starts going against you?
The trade started going against me and I made a mistake: I kept waiting for the price to return to my entry instead of having a clear plan to limit the loss.
Finally, I ended up closing the trade with a loss of $15.🟥
For some, it may seem like small money, but for me it was an important trade because it taught me something:
Meme coins can make very strong moves, and a drop doesn’t necessarily mean the price will recover.
What conditions do you check before entering a meme coin, and what do you do when the trade starts going against you?