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disgusting FOMO need words of wisdom (not sarcasm)

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by COINS NEWS 7 Views

TL;DR: very new to memecoin trading. losing a ton and missing out on quite a lot. need advice from experienced/"profitable" traders on how they choose which coins to put money in, when to exit, whether its worth it and how they deal with losses, dealing with fomo, etc. (I don't need any sarcasm or people telling me not to do it and how unlikely it is to actually make decent money i'd honestly appreciate any positivity because ive seen all the bad things people have to say about memecoins lol because i don't think im gonna stop so please no point in negative comments)

I started messing around with memecoins about a week ago and so far ive only really had a lot of losses. im starting off with small amounts of money because im a bit scared to do more and also curently dont really have the funds to lose THAT much? like i think of it as spending takeout money because i blow a lot on food.

everytime i lose money i lose a lot and the few times i do exit with a profit its like barely anything. What annoys me the most is when i exit early the coin blows up and when i hold the coin bottoms like crazy like its just a stream of bad luck following me </3. I just get this crazy fomo and sometimes while a coin is at its peak i think itll grow more so i put more money in it just to end up as exit liquidity..

For example, im sure u guys know of toad coin which blew up like a day ago. I was actually in the OG which TOAD vamped. I put a fair amount of money (nothing crazy ofc) and i saw when it got vamped people started selling the OG a ton and buying into the vamp that slingor released. i honestly just held because i though they'd circle back to the OG and the vamp might rug (also because i thought if i made the switch id miss out on potential OG profits and lose on the vamp..). The OG basically bottomed in like 3 days and the vamp hit like 10mill?? i regret not putting some money in when it was like at 800k because i saw it all happen (ive gotta be so unlucky).

Like i look at narratives i have faith, hold, then bottom and its just i don;t know if im doing it right lol.

I already know the basic pieces of advcie everyone says "don't risk money u cant afford to lose!! its high risk its hard to get into blah blah" i want some genuinely positive (at least not passive aggressive) advice from people who are experienced/been in this in the long run enough to at least have +ve PnL or mostly +ve.

Just looking to know;
how you guys scout which memecoins to put money in,
whether its worth looking at these big traders and following their trades,
how you guys deal with fomo and the fact that once a coin has past a certain point theres no point in getting in and trying to profit,
how long it took to actually get started (im a week in and i feel hopeless)..
how you decide which narratives are worth investing in, etc.
Just some basic advice/personal stories on trading so i don't feel like its over and stress out about being behind..

Thanks guys!!

submitted by /u/vegetable_salad4
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