[JOURNEY] $2000 → ??? Trading Memecoins on FOMO — Daily Updates, Every Position Public

Hey BHW,


Starting a journey thread here to keep myself accountable and to log something I've been doing on the side for the last few days.


What this is​


I'm trading tokens on FOMO (fomo.family) — a social trading platform where your whole portfolio is public. Every position, every buy, every sell, every % gain and loss sits on your profile for anyone to look at. Nothing hidden, no screenshots I can crop, no "trust me bro" P&L.


That's exactly why I picked it for a journey. I can't fake this even if I wanted to. My profile is public and anyone following this thread can check my numbers against what I post here.


Why I'm doing this​


I've been running online projects for a while — automation tools, scrapers, digital products, content sites. All of that is slow, compounding, boring-in-a-good-way work. This is the opposite: fast, volatile, and mostly driven by attention rather than fundamentals.


I want to find out, with real money and a public log, whether I can be consistently profitable at it or whether I'm just another guy who caught a couple of green candles and mistook it for skill. My honest expectation is somewhere in the middle. We'll see.


Starting position​


I've made 8 trades so far, all buys, nothing closed yet. Here's where I stand as of today:


Portfolio value: $2,804.52Cash sitting idle: $342.80Deployed into positions: ~$1,64524h change: +$42.07


Open positions (7):


TokenEntry sizeCurrent valueP&L
Basecat$796.18 @ $29.3M MC$1,725.23+116.69%
STONKBROKER$498.14 @ $49.8M MC$373.66−24.65%
sushicat$262.95 @ $275K MC$305.66+16.24%
MarsCoin$29.84 @ $181.5M MC$39.51+32.99%
CINEMA$49.28 @ $3.1M MC$10.78−78.03%
Tom$4.96 @ $23.2K MC$4.88−1.18%
LEGS$4.46 @ $2M MC$2.00−55.08%

So: one position carrying the whole book, one down 78%, and a few small tickets I put in to test entries at different market caps.


What I'm actually testing​


A few things I want to answer over the next weeks, with data instead of vibes:


  1. Does entry market cap predict anything for me? My positions range from $23K MC to $181M MC. I want to see where my hit rate actually lives.
  2. Position sizing. Right now my sizing is inconsistent — $796 in one, $4.46 in another. That's not a strategy, that's mood. I want to move to fixed sizing and see if my results get better or just flatter.
  3. Exit discipline. This is my real weakness. I have zero closed trades. Basecat is up 116% and I haven't taken a cent off the table. That's the thing I most need to fix, and it's the thing I'll be hardest on myself about in these updates.
  4. Does following good traders help? FOMO shows you what other people hold. I want to test whether copying entries from consistently profitable accounts beats picking myself.

The rules I'm giving myself​


  • No adding more money to the account. Whatever I have is what I have. If I blow it up, the journey ends with the honest number at the bottom.
  • Every trade gets logged here, including the ones that make me look stupid.
  • No hindsight editing. If I say I'm buying something and it dumps, that post stays.
  • I post the loss days with the same detail as the green days. A journey where every update is a win is a sales pitch, not a journey.

Posting schedule​


One update per day. Every update will have:


  • Portfolio value + 24h change
  • Any positions opened or closed and why
  • Current open positions with P&L
  • What I got wrong and what I'd do differently

If I miss a day I'll say why rather than quietly skip it.


What I'm not doing​


I'm not selling anything, I'm not going to DM anyone signals, and nothing in this thread is financial advice. I'm not qualified to give any and I'd be suspicious of anyone on a marketing forum who claims otherwise. This is a public log of one guy's money in a very volatile market , treat it as entertainment and as a case study, not as a reason to buy anything.


Also worth saying plainly: memecoins are close to a coin flip with extra steps. Most people lose. I might be one of them. That outcome gets posted here too.


Feedback welcome​


If you trade this stuff and you think my sizing is dumb or my entries are late, say so. I'd rather get roasted in this thread and fix it than find out from the P&L in three weeks.


First daily update goes up tomorrow.


— Salamouna
Nice journey! Following! Good luck!
 
Best of luck with the challenge man, just don't go full degen mode and lose it all. Discipline is everything here.

I've actually been looking into Polymarket myself recently
 
post some updates my friend. I'm really curious about your recent activities on these. any new tokens so far?
 
Usually I don't invest money or trade memcoins since i know that the affiliate who got cash

I like this rules because will protect you from coin-circle and bein stressed all the day



in other hand I advice you to trading stable coin between Exchange Platforms

All the best with your journey
yeah that rule didnt survive, i broke it twice (update 2 and update 4). no new money went in since update 5 at least. stablecoin stuff isnt what this thread is about so im sticking with memecoins here, but thanks for the thought
Good luck soldier!

Fomo is a great app with some pretty cool features, as @Moonslice stated already. Transactions get filled slightly worse compared to other trading platforms like GMGN.

However, if you aren't on charts all day and trenching for new pairs for hours on end. These fills don't matter in the grand scheme of things.

I enjoy fomo because your account balance can be used to trade on all chains from ARC to Robinhood with Solana and BSC in between.

If I may, consider focusing on a single chain. I would ignore BASE completely as the team there while influential have shown no interest in having an established memecoin environment.

Robinhood is picking up steam rapidly so that is where my attention is currently. By focusing on one chain you will miss some runners like on Solana with their StonkFun platform but you will have better clarity and develop a feel for the chain you specialise in.
thanks, useful point. i havent been picking by chain at all so far, just buying what i see, so that probably isnt helping me get a feel for anything. not changing it today but ill think about narrowing down
Best of luck with the challenge man, just don't go full degen mode and lose it all. Discipline is everything here.

I've actually been looking into Polymarket myself recently
thanks. discipline is exactly the part im failing at, the update below shows it again
post some updates my friend. I'm really curious about your recent activities on these. any new tokens so far?
sorry for going quiet two weeks. yes two new ones since last update, wire and a new tom (not the same tom i sold before). all below

update 6
said daily and then disappeared for two weeks. no excuse.
portfolio is $1,924.82, thats -$162.32 since update 5 ($2,087.14). fomos own 24h counter says -$136.14, different window so dont mix the two. no new money in this time.
trades since update 5: wire in at $19.88, out at $24.90, closed +$5.01 (+25.33% on fomo). first real green closed trade on the account, tiny but real. new tom $16.81, now $22.32 +14.62% (open). and another $149.85 into basecat.
basecat again. i said id trim it, instead i added $149.85 and the position is still about $669, so the old bag lost roughly $150 on top of what i put in. its -46.18% now.
positions: basecat $669.36 -46.18%, cashcat $603.04 -13.20%, stonkbroker $198.93 -59.89%, marscoin $167.38 +29.95%, sushicat $82.76 -68.53%, robincat $45.46 -80.73%, tom $22.32 +14.62%, cinema $3.69 -92.47%, zdog $0.43 -95.35%, legs $0.04 -99.19%
best is marscoin at +29.95%, first green bag in this thread and i didnt touch it. worst is legs -99.19%, worst with real money in it is sushicat -68.53%. both greens are open, only the $5 on wire is actually banked.
cash went $304.84 to $131.41. the trades only explain down to $143.20, cant see where the other $11.79 went on the profile so flagging it instead of guessing.
i keep saying ill trim basecat and then adding to it instead. not promising it again, ill just post what i actually did.
 
update 7
no trades since update 6, cash still $131.41, no money in or out.
portfolio is $1,825.93, thats -$98.89 (-5.14%) since update 6 ($1,924.82). fomos own 24h counter says -$104.68, different window so dont mix them.
only bag that went up was cashcat, +$18.60 to $621.64 (-10.52%). biggest drops were stonkbroker -$45.91 to $153.02 (-69.14%) and basecat -$38.78 to $630.58 (-49.30%).
marscoin gave some back, $154.22 now +19.73% (was +29.95%). tom $20.06 +3.05%. rest is the same dust.
all of it is open, nothing realized today. only thing that went right is i didnt add to basecat again.
 
  • Like
Reactions: Sol
update 8
no trades since update 7, cash still $131.41, no money in or out.
portfolio is $1,454.93, thats -$371.00 (-20.32%) since update 7 ($1,825.93). that covers 9 days cause i missed posting, fomos own 24h counter says +$27.03 but thats only the last day so dont mix them.
cashcat did most of the damage, -$211.07 to $410.57 (-40.90%). basecat -$42.84 to $587.74 (-52.75%), stonkbroker -$39.46 to $113.56 (-77.10%). marscoin -$37.12 to $117.10 and its red now -9.08% (was +19.73%).
tom is the only green one, $20.06 +3.01%. sushicat $53.21 (-79.77%), robincat $19.25 (-91.84%), rest is dust.
all still open, nothing realized. nothing went right this stretch, my biggest bag took the biggest hit and i wasnt even posting. no new buys, sitting on the cash for now.
 
update 9
no trades since update 8, cash still $131.41, no money in or out.
portfolio is $1,534.22, thats +$79.29 (+5.45%) since update 8 ($1,454.93), about 2 days. fomos own 24h counter says -$158.11, thats just the last day so it went up more before that and gave a chunk back today. dont mix the two.
basecat did all the lifting, +$109.96 to $697.70, still -43.90% overall. marscoin worst, -$14.64 to $102.46, now -20.45%. cashcat -$10.78 to $399.79 (-42.45%).
rest barely moved. stonkbroker $112.51 (-77.31%), sushicat $51.86 (-80.28%), tom $19.64 still the only green one +0.89%, robincat $16.69 (-92.93%), dust about $2.
all still open, nothing realized. the green here is just basecat bouncing, not anything i did, and the book is still way under where it started. no new buys, holding the cash.
 
update 9
no trades since update 8, cash still $131.41, no money in or out.
portfolio is $1,534.22, thats +$79.29 (+5.45%) since update 8 ($1,454.93), about 2 days. fomos own 24h counter says -$158.11, thats just the last day so it went up more before that and gave a chunk back today. dont mix the two.
basecat did all the lifting, +$109.96 to $697.70, still -43.90% overall. marscoin worst, -$14.64 to $102.46, now -20.45%. cashcat -$10.78 to $399.79 (-42.45%).
rest barely moved. stonkbroker $112.51 (-77.31%), sushicat $51.86 (-80.28%), tom $19.64 still the only green one +0.89%, robincat $16.69 (-92.93%), dust about $2.
all still open, nothing realized. the green here is just basecat bouncing, not anything i did, and the book is still way under where it started. no new buys, holding the cash.
Do you have a specific plan for this journey, or are you just letting them do their own thing to see how the market reacts?
 
Do you have a specific plan for this journey, or are you just letting them do their own thing to see how the market reacts?
right now its mostly hold and watch. last buy was the basecat add about 2 weeks ago and nothing since, cash is sitting at $131. im not averaging down into the losers anymore, that already cost me. if i change that ill say it here first

update 10
no trades since update 9, cash still $131.41, no money in or out.
portfolio is $1,527.13, thats -$7.09 (-0.46%) since update 9 ($1,534.22), about a day. fomos own 24h counter says +$0.28, slightly different window so dont mix them.
stonkbroker was the best, +$34.10 to $146.61 (still -70.44%). worst was cashcat -$20.23 to $379.56 (-45.37%), basecat -$13.86 to $683.84 (-45.02%).
tom dropped -$5.29 to $14.35 (-26.32%) so no green bags left. marscoin $97.81 (-24.06%), sushicat $51.65 (-80.36%), robincat $19.60 (-91.69%), dust about $2.
all still open, nothing realized. basically a flat day, still holding the cash and not adding to anything.
 
update 11
no trades since update 10, cash still $131.41, no money in or out.
portfolio is $1,581.49, thats +$54.36 (+3.56%) since update 10 ($1,527.13), about 2 days. fomos own 24h counter says +$34.68, thats only the last day so dont mix them.
cashcat carried it, +$65.94 to $445.50 (-35.87%). robincat +$14.13 to $33.73 (-85.70%).
worst was basecat -$12.39 to $671.45 (-46.02%) and stonkbroker -$11.69 to $134.92 (-72.79%).
marscoin $98.15 (-23.80%), sushicat $49.26 (-81.27%), tom $15.21 (-21.88%), dust about $2.
all still open, nothing realized. green couple days but its just cashcat bouncing, the book is still well under the $2000 start. no new buys, holding the cash.
 
update 12
no trades since update 11, cash still $131.41, no money in or out.
portfolio is $1,413.96, thats -$167.53 (-10.59%) since update 11 ($1,581.49), about 3 days. fomos own 24h counter says -$92.43, thats only the last day so dont mix them.
everything red this time. worst was cashcat -$87.16 to $358.34 (-48.42%), gave back all of last update and more. basecat -$56.97 to $614.48 (-50.60%).
marscoin -$10.00 to $88.15 (-31.56%), stonkbroker -$8.56 to $126.36 (-74.52%), robincat -$3.25 to $30.48 (-87.08%), sushicat $48.68 (-81.49%), tom $14.28 (-26.68%), dust about $2.
all still open, nothing realized. rough few days. basecat and cashcat are most of the book so when those two drop the whole thing drops with them. no new buys, holding the cash.
 
update 13
no trades since update 12, cash still $131.41, no money in or out.
portfolio is $1,453.41, thats +$39.45 (+2.79%) since update 12 ($1,413.96), about a day. fomos own 24h counter says +$10.34, slightly different window so dont mix them.
cashcat was the best, +$21.60 to $379.94 (-45.31%). stonkbroker +$11.25 to $137.61 (-72.25%), marscoin +$6.77 to $94.92 (-26.31%).
worst was robincat -$3.75 to $26.73 (-88.67%).
basecat basically flat, +$1.91 to $616.39 (-50.44%). sushicat $49.89 (-81.02%), tom $14.69 (-24.55%), dust about $2.
all still open, nothing realized. small bounce after a rough few days but the book is still about $546 under the $2000 start. no new buys, holding the cash.
 
update 14
no trades since update 13, cash still $131.41, no money in or out.
portfolio is $1,524.15, thats +$70.74 (+4.87%) since update 13 ($1,453.41), about a day. fomos own 24h counter says +$71.75, slightly different window so dont mix them.
cashcat was the best, +$39.57 to $419.51 (-39.61%). stonkbroker +$35.45 to $173.06 (-65.10%).
worst was basecat -$10.76 to $605.63 (-51.31%), its the biggest bag so that one hurts most.
rest moved a little. marscoin $95.70 (-25.70%), sushicat $51.91 (-80.26%), robincat $28.30 (-88.01%), tom $16.76 (-20.36%), dust about $2.
all still open, nothing realized. second green day in a row, mostly cashcat and stonkbroker, but still about $476 under the $2000 start. no new buys, holding the cash.
 
update 15
no trades since update 14, no money in or out. cash shows $132.03 vs $131.41 last time, thats +$0.62 with no swap or deposit in the history, not sure where it came from so just noting it.
portfolio is $1,555.34, thats +$31.19 (+2.05%) since update 14 ($1,524.15), about a day. fomos own 24h counter says +$22.53, different window so dont mix them.
best was stonkbroker +$17.55 to $190.61 (-61.56%). worst was robincat -$2.66 to $25.64 (-89.13%).
rest small green. sushicat +$5.26 to $57.17 (-78.26%), marscoin +$5.19 to $100.89 (-21.67%), basecat +$3.48 to $609.11 (-51.03%), cashcat +$1.25 to $420.76 (-39.43%), tom $17.31 (-17.74%), dust about $2.
all still open, nothing realized. third green day in a row but a small one, still about $445 under the $2000 start. no new buys, holding the cash.
 
update 16
no trades since update 15, no money in or out. cash still $132.03.
portfolio is $1,414.25, thats -$141.09 (-9.07%) since update 15 ($1,555.34), about a day. fomos own 24h counter says -$144.32, different window so dont mix them.
everything went red today. worst was cashcat -$48.10 to $372.66 (-46.36%), then basecat -$42.18 to $566.93 (-54.42%) and stonkbroker -$35.70 to $154.91 (-68.76%).
rest smaller. marscoin -$9.79 to $91.10 (-29.27%), sushicat -$2.90 to $54.27 (-79.36%), robincat -$1.72 to $23.92 (-89.86%), tom -$0.59 to $16.72 (-20.56%), dust about $1.70.
all still open, nothing realized. this wipes out the last three green days and then some, now about $586 under the $2000 start. no new buys, holding the cash.
 
Back
Top