Part 4/7:
A particularly poignant moment arrives when the trader reflects on missed opportunities, such as a potential investment in a coin that skyrocketed shortly after being disregarded. As losses begin to pile up, the dream of quick riches becomes overshadowed by harsh realities. The prospect of becoming a millionaire trading meme coins morphs into a cautionary tale of inspecting every trade for its inherent volatility.
Learning Hard Lessons
With the portfolio taking a significant hit, the trader decides it’s time to pivot. The initial excitement gives way to a much-needed reassessment of their strategy. Accepting the losses becomes part of the journey; some coins must be liquidated even at a significant loss to mitigate further damage.