The most common mistake new LPs make: not acting.
You can't learn LPing from videos alone. Why ten small positions teach you more than one lucky win, and how to finally start on Meteora.
Not acting is the most common issue for new LPs. They watch videos and read threads about how to LP on @MeteoraAG, understanding some concepts but not everything of course, and then, they just forget to actually LP.
The reality is, you can't understand everything because you miss important details that only come from doing the work: facing problems, resolving them, and making decisions. Feeling fear, feeling fomo or greed.
I often hear people say to me, "I rewatched your videos after a while and found new information I wasn't aware of before." And this makes perfect sense. As you gain experience, you notice more complex details, develop better understanding, and build more context. This only happens through consistent practice. Again, consistent practice.
In my latest livestream with @MeteoraCIS, I emphasized that it's better to do 10 LP positions with 1% profit each than just one with 10% profit. You learn far more from these multiple positions, becoming disciplined, confident, and shaping your strategy, rather than just getting lucky with one profitable position.
Start acting. No excuses.
If you need a kickstart, watch and participate in the Meteora Bootcamp (join the Discord of the LP Army) and start with my guide:
Michael Zogotmichaelzogot.xyz · GuidePost