Edgy - The DeFi Edge 🗡️
Edgy - The DeFi Edge 🗡️|May 12, 2025 03:19
If you’re still here, it means you messed up somehow during the previous cycles. Now’s the time to do a “pre-mortem.” Think about all the possible reasons why you might fuck up this cycle. Be honest with yourself and your weaknesses. Then create systems and guard rails so it doesn’t happen again. Some common reasons: • Overtrading • Not cutting losses • Mis-timing the top • Picking shitty tokens • Not taking enough profits • Entering a trade w/o a plan • Not letting your winners ride • Everyone makes trading mistakes • Borrowing the conviction from others • Taking profits but then re-deploying them again Reframe each of these as skill issues. If you keep repeating the mistakes, you simply need to level up your skill. Don't take it personally. Whatever mistakes you've made, thousands of other people have made it too. And they found the solution. A few examples: • Not letting your winners ride - you can start using trailing stop losses • Taking profits but then re-deploying them - My friend had this issue because he’d take profits into stablecoins and keep them on chain. It was too accessible. So he decided to make his profits inaccessible as possible. He would take the profits into Bitcoin and send them to an address. He couldn’t access the seed phrase because it was split up across the world at the location of different people he trusted (Shamir's Secret Sharing). • Not cutting losses - You have to understand if this is because you don’t know when, or if it’s due to psychology. For when, just start with a standard like cut at -15%. Once you do this enough times you start understanding what you’re comfortable with. If it’s psychological, you can set stop-loss orders in advanced. Let the machines handle it. Or review some past trades where you could’ve saved a ton of money if you did follow the plan. If you don’t make it this cycle, what do you think would be the main reason why? Let's lock in boys. We need to retire our bloodlines in the next few months before A.I. takesover.
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