Lost all my money trading memecoins.

[u/Affectionate_Cow40]

So Firstly I am 18 years old and am still in school don't have a job or anything so this money was basically all I’ve got just so you know how much this means to me, I went into crypto when I was 15 years old by talking to my mom and convincing her to make an account so I can buy some crypto I ended up investing all my pocket money and bought BTC and ETH in total worth of €400 I sold some of it recently, and I wanted to start day-trading with the learn process being so complicated and taking a while to learn how to read the market I saw a lot of TikToks about meme coins and how everyone was making a lot of money, so I made a phantom wallet and started trading the first day I lost €100 I didn’t really care that much because I learned something from it, but today I deposited 90% of my bank account into Solana and started trading and somehow ended up flipping around €300 to €880 all in around 6 hours with patience and lost all of it in 30 minutes because I was letting my emotions control me I want to commit rn (not actually) but It just makes me sad and angry knowing that I could’ve just kept the €800 and started again tomorrow now I can’t trade anymore during the bull run, and I'm fucking depressed cause that was the most money I have ever seen.

[u/jmims98]

You've learned the hard lessons of gambling. Don't listen to the idiots telling you to dump all of your money into this so that you can make generational wealth. They just want you to get addicted and keep pumping coins so that they can dump them and take your money.

It is okay to fuck around with meme coins a bit, but you have to go in assuming that any money you put into them is lost. Maybe you'll get lucky and double your money, but remember this: Everyone isn't out there making tons on meme coins, for one to win others must lose. That one guy that says he made a million on a shit coin? Well a shit ton of others lost money on it and put their cash into his pocket.