This trader lost $73.9K trading #memecoins in just 3 minutes!
He made common mistakes that many traders fall into — a lesson for us all.
The trending memecoin $rich caught this trader's attention as its price dipped. Seizing what seemed like an opportunity, he spent 198 $SOL to buy in.
Unfortunately, the price plummeted 60% after his purchase, he panic-sold all for 76 $SOL, taking a 122 $SOL loss.
As $rich began to rebound, the trader succumbed to #FOMO, reinvesting 297 $SOL.
However, the price dropped another 60%, and he panic-sold for 93.5 $SOL, losing an additional 203.5 $SOL.
In total, he lost 325.8 $SOL($73.9K) in just 3 minutes.
Ironically, $rich soared 30 minutes later.
If he had held his position instead of selling in panic, he might have turned his losses into gains.
Address:
https://solscan.io/account/BBgwD3eSnQHvhESbeozdTP9G2DcqB4wFgxeP4dADFuud#defiactivities
He made common mistakes that many traders fall into — a lesson for us all.
The trending memecoin $rich caught this trader's attention as its price dipped. Seizing what seemed like an opportunity, he spent 198 $SOL to buy in.
Unfortunately, the price plummeted 60% after his purchase, he panic-sold all for 76 $SOL, taking a 122 $SOL loss.
As $rich began to rebound, the trader succumbed to #FOMO, reinvesting 297 $SOL.
However, the price dropped another 60%, and he panic-sold for 93.5 $SOL, losing an additional 203.5 $SOL.
In total, he lost 325.8 $SOL($73.9K) in just 3 minutes.
Ironically, $rich soared 30 minutes later.
If he had held his position instead of selling in panic, he might have turned his losses into gains.
Address:
https://solscan.io/account/BBgwD3eSnQHvhESbeozdTP9G2DcqB4wFgxeP4dADFuud#defiactivities
tgoop.com/crypto_pug_bot/1336
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This trader lost $73.9K trading #memecoins in just 3 minutes!
He made common mistakes that many traders fall into — a lesson for us all.
The trending memecoin $rich caught this trader's attention as its price dipped. Seizing what seemed like an opportunity, he spent 198 $SOL to buy in.
Unfortunately, the price plummeted 60% after his purchase, he panic-sold all for 76 $SOL, taking a 122 $SOL loss.
As $rich began to rebound, the trader succumbed to #FOMO, reinvesting 297 $SOL.
However, the price dropped another 60%, and he panic-sold for 93.5 $SOL, losing an additional 203.5 $SOL.
In total, he lost 325.8 $SOL($73.9K) in just 3 minutes.
Ironically, $rich soared 30 minutes later.
If he had held his position instead of selling in panic, he might have turned his losses into gains.
Address:
https://solscan.io/account/BBgwD3eSnQHvhESbeozdTP9G2DcqB4wFgxeP4dADFuud#defiactivities
He made common mistakes that many traders fall into — a lesson for us all.
The trending memecoin $rich caught this trader's attention as its price dipped. Seizing what seemed like an opportunity, he spent 198 $SOL to buy in.
Unfortunately, the price plummeted 60% after his purchase, he panic-sold all for 76 $SOL, taking a 122 $SOL loss.
As $rich began to rebound, the trader succumbed to #FOMO, reinvesting 297 $SOL.
However, the price dropped another 60%, and he panic-sold for 93.5 $SOL, losing an additional 203.5 $SOL.
In total, he lost 325.8 $SOL($73.9K) in just 3 minutes.
Ironically, $rich soared 30 minutes later.
If he had held his position instead of selling in panic, he might have turned his losses into gains.
Address:
https://solscan.io/account/BBgwD3eSnQHvhESbeozdTP9G2DcqB4wFgxeP4dADFuud#defiactivities
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