has money but is ignorant. the essence of the market is speculation. when this one is pumped up, the next one will be next. to profit in this market, you must find the good ones to invest in.

THE JOURNEY TO YOUR FAILURE, DAVID

In July 2024, I deposited 200k into my account and in September 2024, I continued to deposit 100k, totaling 300k. I admit that I had money and also a very good research information channel from the group I was participating in. However, my most regrettable mistake was that I never really took investing seriously.
Initially, I had a watchlist for myself including L1, AI, RWA, and Meme with targeted coins being FTM, TAO, Pepe, and Ondo. I also spread my investments across these coins, but my mistake was that I allocated my capital incorrectly and was not consistent with the coins I had initially targeted. I started letting my actions be driven by emotions and the information I saw, beginning with the Ton system, then choosing coins on Binance when I saw CZ was released from prison, and then onto Meme.
A pile of information flooded my mind with posts on X making me lose myself. Instead of sitting down to refocus on my plan, I began chasing fleeting trends with posts on X, but with my limited experience, I lost money from chasing those short-term trends. Sometimes just staying still is enough, but I couldn't do that. The tipping point came on November 3, 2024, the fateful day I saw a post from a KOL recommending to cash out coins to USDT to wait for the US elections. I closed all my Future accounts even though the liquidation price was still far away.
During my trading, I always told myself that if I wanted to buy or sell a coin, I should seriously write down the reasons on paper to evaluate, but I never did that. Sometimes emotions took over, and I was someone easily swayed by emotional actions.