“Is it too late to buy ___ now?”

I get asked this question a lot now.

Especially for coins running high difficulty like $POPCAT, $SPX, $GIGA, etc.).

Here’s my go-to guide for buying coins that are going up (and never seem to go down).

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1. First of all, understand that there is always another opportunity in cryptocurrency.

What is popular now may not be popular in a day, a month or a year.

What we often see from strong runners is that they launch a counterattack, then consolidate, and then continue again.

Most of the memes currently running first ran earlier this year, and after 4-5 months of consolidation, are now going through a second expansion phase.

If there is a currency that has seen multiple recoveries as the market has risen, then this is a good indicator to take advantage of the dips as it will likely outperform in the next market move (which is exactly what we are seeing with the meme right now).

Even last Tuesday, when the market was falling, I was bullish on POPCAT (and tweeted about it), and naturally, it had the strongest rally.

Remember, there is always another opportunity in crypto, whether it's as simple as waiting out the cooldown on a leading alt or making the next rotation within a sub-sector.

But with all that said, let’s assume you fully believe [insert stock symbol here] will go higher, but you don’t have the confidence to buy out of FOMO.

The good news is, you don't need to be too confident. You can make a plan to mitigate the situation.

2. Get the acronym to reduce FOMO and hedge against further (short-term) upside.

You can enter with 30% of your ideal position size (hypothetically). Have a clear idea for yourself what your ideal position size is (relative to your portfolio).

This number can be as low as 15% if you are risk averse, and as low as 50% for more time sensitive investors. But investing 100% after a massive rally is rarely a smart move.

This partial entry strategy has saved me many times in the past (both from huge losses and from having no risk on huge winners), such as $PEPE at 100m.

3. Leave the remaining 70% for DCA on the parallel bars (you can also use a time-based DCA system, or a combination of the two).

Remember point 1. There will always be another opportunity in crypto, and there will likely be another opportunity to buy the coin at a lower price or on a big dip after an expansion. I know it didn’t feel that way at the time, but it’s true. Think back to March and how tempting it was to copycat at the top.

Almost every time I make a decision based on FOMO I regret it.

There’s a difference between making a highly committed bet based on logic and a highly committed bet based on emotion (you should always be able to recognize your inner motivations).

4. Use technical means to set invalid areas and TP areas.

Charts may not predict the future 1:1, but they are great tools to help you manage risk.

Knowing where the technical ineffectiveness is (in most cases the HTF S/R level) is critical to maximizing the EV of the trade.

Also, monitor strength indicators (MA, RSI) and price reaction to key levels.

Trading is not static. You can adjust the weights based on technical indicators.

at last.

5. Go into it with a pre-made plan.

If you ultimately choose to ignore this article and avoid FOMO, that’s fine, at the end of the day it’s your money. Have a pre-defined entry/exit plan based on fundamentals and technicals.

Too often I see people enter positions with no idea of ​​timeframes, invalidations, TP zones, or even buy validation.

If your fundamental reason for buying a token changes mid-trade, why would you continue to hold on to that token?

Hopefully, this post helps you get through your FOMO periods a little better.

I recommend bookmarking it so you can refer to it in the future.

I’ll also be writing more long-form writing, so if you found this valuable, be sure to follow me