I Just Fucked Up The Biggest Trade Of My Life

Written by Jason Krutzky, Chartered Meme Technician at Spot Trading.

Heya Gang,

I just totally fucked up the biggest trade of my life, and I need to tell you about it.

As you can probably tell, I am deep in the trading game. For the past 7 years, it's been my life—studying patterns, learning how indicators work, talking to successful traders worldwide to understand what they look for and their thought processes, and most importantly, staring at charts 8-10 hours a day, 5-7 days a week.

In that time, I've developed what I consider to be a damn good read on the markets. It's not perfect, but I've got the feel. 

To succeed in trading, you need both the technical know-how AND the feel. 

Once you've got them, you can start spotting what we call "Fat Pitches."

A fat pitch happens when two things align:

• Your technical requirements are met (the chart is primed for a move—you've seen this setup work 100 times before)

• Your feel requirements are met (the asset is perfectly positioned for mindshare, usually when old narratives show weakness and new ones are ready to emerge)

  
  

When these pieces come together, you've got yourself a fat pitch.

Well, last weekend I was thrown a very fat pitch, and despite all my experience, I completely fucked up the trade. Here’s How.

💡 Your Thesis Is Everything

Great trades often start with a thesis, and the best thesis is almost always countertrend—counterintuitive. The exploding brain meme perfectly captures my thesis over the past few weeks:

It started with the Bonk ecosystem being too hot—that was my first puzzle piece.

For The Launchpad Wars to work, you need competition. I felt strongly that Jupiter was going to compete using their star coin, $URANUS.

And I nailed that trade.

But while $URANUS was ripping, I wasn't counting my chips yet. I was already stalking the next opportunity. Great trades rarely happen in isolation—there are usually sympathy plays. Smart money that missed $URANUS was going to find their entry elsewhere.

But where?

$TROLL had everything I was looking for:

• Technically: Huge base with volume contraction. The price action was getting tighter and tighter, like a coiled spring. The chart looked exactly the same as $URANUS.

• Narratively: The perfect contrarian setup. Alon and Pump.fun had gone silent. They'd supposedly "left the trenches and rode off into the sunset with $1B liquid." Pump.fun was "over." Sentiment couldn't have been worse.

  
  

The thing is, when sentiment can't get worse, it can only get better.

What if, instead of abandoning ship, Alon & co. were plotting their comeback? How do you win back your core community? You buy their fucking coins.

Which coins are the best to buy? The ones with the best communities AND the best technical setups, aka, $TROLL.

⤵️ I Just Fucked Up The Biggest Trade Of My Life; Where Things Fell Apart

So, where did I go wrong? How did I see the whole picture and still miss the trade?

Well, I didn’t, at first.

Initially, I took all my profits from $URANUS (Full disclosure, it was about $15k), and I shoved them into $TROLL at ~$22m market cap. 

I was feeling great. I was confident. My thesis was playing out perfectly, and I was capitalizing on it. I was ready for the final piece of the puzzle to come to fruition.

And then, I fucked up. 

I sought advice.

I pinged a fellow trader and suggested that $TROLL might be the next big play, and he told me the people behind the coin were known scammers. 

I immediately recoiled and second-guessed my idea.

‘I can’t be in a coin that known scammers run,’ I thought. And just that fast, I cut the position.

Over the next 10 sessions, $TROLL proceeded to gain over 800%, and the whole time, I was fucking paralyzed.

Sidelined, watching my exact thesis play out without me. 

To make matters worse, the paralysis kept me from jumping back in even when it was clear my idea had legs. My internal narrative was ‘I missed it,’ and that was that. 

At the highs, it was a $125k miss. It would have been my biggest single trade profit ever, and I bet, when it's all said and done, it’ll be more than that. 

🧳 The Takeaway

In trading, you need to be able to identify the fat pitch, and once you’ve done that, you need to have conviction in your idea. Once you’ve got the conviction, you need to stick to it. 

Accept your downside, push the button, walk away, and let the trade work. 

Don’t listen to a soul. Don’t ask for advice or opinions. Just fucking execute and accept the outcome. 

I’m telling myself this as much as I’m telling you.