*P.S. I will still be trading, but closing the books on the current trading journey.* [Main Summary]() [Updated Receipt](https://x.com/quanatee/status/1959189875800060323) ![[Pasted image 20250828014530.png]] After 9 months of trenching, I'm calling it a night. I started with 2 sols and a dream in Nov 24, made it out with ~~$704k~~ $883k in Aug 25. It was fun. Here's what the +/- of worked for me and what didn't. +1/5: Most gains come from a few big plays, but you have to keep playing (losing) to catch the winners. Being contrarian, buying when there is max fear pays off when they do. This is a game of poker. You're calling bluff on devs and traders. +2/5: Losing is exhausting and can leave you impatient/demoralized to see through your thesis. My win rate on mega hitters is ~25% because of this. This hits hard because I usually have early positions, but fumbled early. It sucks, but you can be right and still lose. +3/5: Fuck supply distribution and the cryoors about it. It's scared money from people who do not have conviction or thesis. I often collect between 1-4%, sometimes even more and I don't care to hide it. This only applies to tech/utility projects. +4/5: Get a feeling on the flow of risk from macro>meta>projects. You don't need sophisticated tools for that. Just read [@KobeissiLetter](https://x.com/KobeissiLetter), follow a few good CT KOLs and get a sense of where the overall risk and interest is heading. +5/5: Don't be a ecosystem maxi. There are plenty of opportunities on Eth, Base, Solana, Abstract, Hyperliquid, Bittensor etc. Get out of your comfort zone and shove your head where it doesn't want to be. -1/5: If you're a tech/utility trader like me, you'll probably do badly in memecoins. I dislike the flywheel to zero and its getting worse. I've probably lost low six figs worth trying to play in the memecoin arena whenever there's a drought in interesting projects. -2/5: Rushing to get to the perfect size. This is just me trying to optimize my projected reward when i should be optimizing for risk. I'm still mixed bag about this tbh, probably just need more experience on when to size strong vs when to TWAP more. -3/5: Lacking in onchain tools. I don't really follow wallets, sleuth or snipe. Haven't needed it, but lately maybe more. I recently subscribed to [@0xIT4I](https://x.com/0xIT4I)'s BBB but I haven't adjusted to it. Looks incredibly useful, it's a whole new world of information to get used to. -4/5: Not trading majors/altcoins. Trenching is brain/time consuming and a lot of it is just monitoring and reassessing positions and new info. The opportunity cost of not trading the larger mcaps is significant. I missed [$HYPE](https://x.com/search?q=%24HYPE&src=cashtag_click) at $10 even though I knew it was a good bet. -5/5: I have a problem of not trying to network hard enough. I'm not really an alpha seeking missile, I just analyze and infer the value of projects very well. If I sound like your kind of guy, I'm looking for groups to join. That's all for now folks. To be clear this isn't over. I still have positions and will still be trading and improving. This is just a cashing in my cheque moment. Onward and upward.