SpiderCrypto Trading Journal
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Follow my journal for DeFi, NFTs, Crypto, and Memecoins.

X: https://x.com/SpiderCrypto0x

TG: @spidercrypto0x_pc

Join my degens channel: t.me/spidersdegens

Disclaimer: nothing posted here is financial advice, and memecoin trading is very risky. (DYOR)
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SpiderCrypto Trading Journal
Taking the $ordi long here: 5x long. 22$ entry Tp 1: 23.4-24$ Tp 2: 26$
Jesus Christ $ordi just hit $1b marketcap in record time. Cheers to all who played this, longed it, and are up big.

Longed it around 22$ and laddered profits along the way but kept a moon bag so only made 300k. If I had held my original position, I’d be up 1m. Just the way it goes sometimes
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Damn. Feels good hitting on $ordi and $bigtime. Didn’t get longs in on bigtime but still bought 100k spot. I’ll take any win even though im sure some dudes hit on a 20x long that shit. 😓
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$mubi going off. Obviously hasn’t repriced enough to $ordi being at 1b. Probably 100m potential.

Heard okx? Maybe…. Good hold.
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I didn’t get in on $bssb.

Apparently bitcoin backed stable coin. Could be a good play but haven’t tested product and is def high right now.

Imo $mubi and $bssb getting a bit high and gonna scale out a bit. Too much euphoric.
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Been accumulating $gec. This guy I know named unipcs who hit hard on bonk is bullish on it and he generally never misses so fuck it.
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Just been staring at $kek all day. No motion. Just the thought of el risitas laughing at me for not buying.

Lesson learned again. Shit liquidity allows for fat pumps.
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Thank you all for your support. Finally hit 10k on my journal!!!

I appreciate that majority of yall have been organic and here for me through 2 cycles.

I know the real ones. The ones who have followed me since my defi days in 2020 and saw me turn 2k to 10m. I know the ones here now in 2023, Who saw me go from nothing this year even crying in my journal to where I am today again.

Bless up. 2024 we will fucken make it again. Also shoutout to the dudes who send me gifts because of my journal saying they made 200-400k. I appreciate all the Spider-Man gifts

Dm @spidercryptod if you wanna send me gifts
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Meta is gamefi + bitcoin / ordinals. ATM.

$mubi, $turt, $ord, $trac, $znn, $bssb are the meta

$bigtime, $shrap, $prime, and some nfts are meta.
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Bigtime almost 200m circulating. Gratz to who got in.
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Tip for new traders.

I highly suggest paper trading journals to watch your performance on your trade ideas. Be unfiltered and pretend you have $1m dollars and see what projects you would throw your money in and your performance. It’s important to come into trades with a fresh mindset. Revisit trades every other day with 3 povs: past, present, fud.

This journal has been a blessing for me and I also love going back and revisiting all my old trades. The parts where I am euphoric and the parts where I am depressed.
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https://t.me/+N7OlasRLQh8xNGEx

100 people shill and chill chat
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Perps traders are dominating the volume market rn.

Longing $bonk and $pepe is all the memecoin timeline wants right now.

Both deserve to be in the $1b range.
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Alright for launches like this here are ways to play it as a new investor in the space:

My understanding of $INSP
$insp is a legacy product that people used back in the nft market to track sentiment analysis around trending nft launches. Their product probably would have more PMF if they moved that to memecoins and other sentiment analysis around which tickers were trending. Still don't know why a product like this needs a token. I skipped the KOL round after being one of the first kols they reached out but now their cap table is stacked with people like Alex Becker, EllioTrades, and more who move markets in this current meta so it might do well (probably 100-200m FDV)

How to play:

Discover what your target FDV is. My FDV target is 100-300m based off product market fit (PMF) and the influencers backing it. I expect Ellio and Alex Becker to be the strongest KOLS moving this project. I'd probably gauge how Alex Becker and Ellio products have been doing as of recent and see if they are still meta enough to move the product.

Next you want to figure out how much allocation influencers or presalers got on launch. If they got 25% on launch, were able to invest 50k or more, and presale was at 30m FDV, well good luck, they are gonna get their cost basis out at a 100-150m FDV. So expect that sell pressure. Gauge volume for first couple hours and use that volume (If volume is 20m+ 50k sell pressure will be nothing) as a indicator to if you can hold a bit longer or not. Dexscreener.com also does a good job of showing how much volume is BUY pressure or SELL pressure. If buy pressure is stronger by 5%, thats good, means its bullish.

From defining your FDV range. Pay attention to the launch and DO NOT try to buy immediately on launch. Bots will win. Bots will beat the launch and snipers will nuke the charts. When the snipers nuke, that's when you get in. Finding the bottom is important by tracking wallest of these snipers and or if the FDV is way below your target range. Sometimes, the launch goes way better than expected (KOLS included) and it pumps to ad inifitum and then I sit out as it doesn't fit my thesis. Biggest rookie mistake is feeling the need to play but thats you just being a shitty gambler who has no self control. Good gamblers know when to sit out and fold (this is why Poker players are superior traders).

When to sell:

Depends on a lot of things but I generally sell depending on engagement tracked on X (Twitter) or if my FDV targets are hit. Sometimes I sell for stupider reasons like some wallet just holding way too much of the supply or because I can't pay attention to chart so its a short term trade because I'm going out that night. I'll be real, I'm gonna be partying in Art Basel so I won't be playing anything long term and am just here to make a couple thousand dollars to pay for a table at art basel.
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