had a major loss today

got rugged on a token i bought

my mistake: 'overtrading and bleeding capital chasing new pairs and liquidity rotation'

i should have listened to my own advice lol

gutted by this one in particular since i sized into it way more than i normally would for that kind of play

but it looked very interesting and a lot of smart trenchers felt really good about it

so why am i writing this?

obviously not to cry publicly about losing ~$100k on a new token

but to highlight a key observation after assessing my recent trades

i've had a good number of losses recently, and there's one thing they all have in common:

the majority were taken on borrowed conviction

most of my wins this cycle have come from building my OWN conviction on something and holding/doubling down even when everyone else seems not to get it

when i get complacent after having a lot of success, i often find myself taking unnecessary trades just to feel like i'm trading