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Mello
3,209 posts
Mello
@mellometrics
Joined February 2010
Sell EVERYTHING when: - Coinbase is #1 on the app store - You see crypto news on instagram - Random tiktokers are trading memecoins - Everyone around you is speaking about crypto (in grocery stores, at the gym, etc.) - People are texting you for advice - Everyone is making money
- The richest traders I know are extremely selective They wait patiently for 1 high conviction play, and then sit on the sidelines for weeks/months before the next opportunity Quality > Quantity
- Best hours to trade: - 12 PM to 4 PM EST - 9 PM to 1 AM EST
- Rule #1 Once you take profit, don't buy back in with your profits There's a reason you sold in the first place
- Roadmap to Grow 1 SOL to 100 SOL 0-1 SOL: - Aim for small, consistent X's (2-5x's) - Throw 0.1/play - Focus on coins that are still on pump fun - Jeet right before things bond or right after they go live on raydium 1-10 SOL: - Look for calculated plays with 3-10x potential -
- Are you trading or gambling? - No stop loss = gambling - No plan = gambling - All-in on 1 trade = gambling - No thesis = gambling Start focusing on risk management
- If you have less than 10 sol, you should be staring at new pairs 18 hours per day The quickest way to flip small capital is by finding coins under 100k mc
- Take profits Once you switch money to stables, NEVER switch it back to SOL to trade with Treat stables as your literal bank Speaking from experience
- If you missed out, the worst thing you can do is give up now The president launched a memecoin on solana. Do you understand what this means? This is the start of something much bigger More eyes More volume More time to make it More opportunity Lock in
- Best settings to snipe profitably 1. Go on Nova -> Settings -> Presets 2. Buy slippage = 70% 3. Buy processor = Ultra V2 (Set MIN tokens out to not get MEV'd) 4. Sell slippage = 15% 5. Sell processor = Jito (MEV protect on) Depending on your port size: 6. Fees = 0.005-0.1 7.
- Rule #1: If you're up $100k on a coin, ask yourself: Would I spend $100k on this coin right now if I wasn't already invested? If the answer is no, sell (This applies for any amount of profit)
- You should not buy a $50k watch if your net worth is $300k You should not buy a $500k car if your net worth is $3m Enjoy your money but keep materialistic purchases below 5% of your net worth Invest in assets, invest in travel, invest in your loved ones Stack & compound
