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Welcome back to the end of another week with Renaissance - the newsletter equivalent of NVDA CEO vibes. Being a nerd and making money. What a god damn Rockstar. 😂😎

Today at a Glance:

Solana Secrets 101

Four Lessons I Wish I Knew Before Starting My Own Business

The Renaissance Over-Under

Crypto Market & NFT News

Solana Summer Cycle Observations That’ll Make You A More Profitable Trader🎉 🥳

(Do I basically just watch movies, trade shitcoins and think deeply all week…… yes. Yes I do. But I do it with styleeee, Lord of War - great movie by the way!)

Why did I use this image? (apart from because I watched it this week hahah👀). Well because it’s extremelyyyy relevant to us all, especially lately in the ‘Solana Summer’ market… and here’s why.

‘Here’s why’ - I feel like I’m some kind of twitter thread boiii with this shit haha. Anyway, there’s many reasons…here unto, thou shall unfold…..

Even if you catch a winner on Solana and get a 10x, you probably only did $100. And we change nothing with that frankly.

Trading on Solana is very different from trading on ETH…

And frankly, I don’t like it as much as Eth. Eth will always be truly superior, and anyone who’s technical or an engineer like us will surely agree.

But it’s currently where the market cycle has all the money and we simply follow the green, not what we like. 🤑

⚡ There's generally a few good tools and rules for Sol:

- You have to be extremely fast. And to buy and sell very fast, use photon bot. (this isn’t a plug or anything, we keep our shit real here, it’s just actually a pretty good tool)

- Or if you're comfy doing it manually then use Jupiter swap (it's faster and better than raydium)

- Solana is the poor man's chain. People invest $10-170 typically so volume is more meaningful when it shows its head. But this means the tokens are much more volatile due to selling pressure and cascade theory.

So beware of jeets or people selling off. They have little capital and are more nervous about it.

- With saying that, the best strategy is the one we're doing. Fewer trades, more conviction, more concentration, and taking narratives as safely as we can. And doing this without as much risk as say buying a load of different Solana shitters all at $100k market cap with $100 in each.

- One rule here, there's no point being correct and getting a 2x, 5x, 10x and only having $100 in it. It's all about building the muscle of conviction and taking the safest legs up we can.🙏

• Although here’s the reality, that’s very very hard to do on Solana right now! There’s so much shit out there launching that the market caps aren’t as safe or the same as Eth coins. $20M and $50M coins are very very uncommon on Solana which means you have to be soooo much earlierrrr - taking on a lot more risk.

The most important aspect is that you build up your own personal gut reaction to spotting tokens, their volume, etc and then when we take you through a few months worth of correct calls you can identify a good call and pattern match. 👌 

We're all here to stay in the game - the point of investing is to stay profitable and to be able to keep investing over a long enough time horizon.

- We keep disciplined, correct or not on a call - we don't allocate more than 10% of the portfolio to it.

- A practical exercise is to keep a log book of tokens you liked or passed on and why.

- Then you can look back at your fictional P&L for trades you would have made and base judgements on yourself.

- But we plan to make more and more trades now and take riskier bets, expecting people to allocate a smaller and smaller percentage of their chest to the ones they like. To survive in this Solana market unfortunately we have to change with the times and alter the strategy. 🤷‍♂️

- E.g. just this week we’ve had good trades in the private group but nothing over 2-3x on Solana I would say. The Solana market is rewarding earlier risk and the market caps are selling-off before it ever reaches $10M or $20M.

- But on Eth we’ve done well and hit 5x etc on much safer much bigger bags.

And with additional risk and being ultra early - there’s more losses you’ve got to be comfortable with. The best you can do is feel like it’s already gone.

⚡ TLDR; We get it, Solana is a mess, what’s the point?

Look at all the trades and the nature of Solana and all the action,

- You get coins on ETH top blasting to $50m like the ones we’ve called in the group $TROG, $PEIPEI, and $MAGA with potential to run to $200m easy.

- SOL gets that once in a blue moon. Like $MOTHER just hit $200m after trending for weekssssssss vs the days it takes ETH coins

- This is my point, look at this stupid shit we saw…all SOL. 30 coins in a day!!! Crazy stupid stuff.

- Versus having a handful of coins at any one time, watching them carefully, having conviction, and when they pay off well you let your winners ride and truly change your wealth!

- i.e. then look at $PEPE and $BRETT and other tokens we’ve been sure on. Sometimes the most profitable thing is to pick and hold and it’s worth far more to do nothing instead of this constant sense of needing to take pointless action.

E.g. here’s our newsletter from back at the start of April, and in March we were calling $PEPE again and again. Both $BOBO and $BRETT have just slowly killed it, and I haven’t watched a chart for them in weeks until now. 💰

Then this happens when we’re patient…

$1.4B for waiting with conviction instead of 30 trades a day.💰 And there is the lesson. Compounded $2k to I don’t even know what since entry long long ago. We’re still going to hold this the entire summer.

The lesson is there - if the average trader is doing it, we’re doing the opposite.

https://www.dextools.io/app/en/base/pair-explorer/0xba3f945812a83471d709bce9c3ca699a19fb46f7?t=1717698248870 

We play this as an infinite game, not a finite game. This is the best alpha for your mindset I can possibly give you in my opinion…

Trades we’re loosely looking at right now:

https://dexscreener.com/solana/Gs6R82BqziwMW5HbEnkzToPmJfH2x6Ucy8gXFvvF6wwj $BRETTGOLD 

There was a PEPE gold and it did kind of okayyyy, but not huge market caps. This might run slightly, nothing major but I suggest we watch it all. Entries have been at $700k. Worth a small trade. Already 1.7M 2.5x and going

Alright here we go, the Euros is starting soon and like all news and narratives we have to ask, what's in it for us?? Cash will pile into something over the competition and it's probably this, safe enough as it's floating at a decent market cap.

We’re taking a small position here and holding it - then if it takes off with the competition great we're already in position. If not then we'll drop the position.

A different predictive idea since we usually like to react, but let's see how it plays out!

Already got a 2x out of this one slow and safe, let it wait……..

https://dexscreener.com/ethereum/0x37D6dDb9346Ce1732bF5935e9D6C03046ebCAEAa 

We’re still waiting on the true winners to break out of the small market caps. But on Solana… it’s taking its sweet time!

potential play here for today specifically - with roaring kitty doing his live stream he may very well become a billionaire on that stream now that he revealed his massive position and his options are expiring! If that happens, this and every other GME token is going to send HARD. entry was at 4Mcap

Also bought a risky risky bag in another celeb memecoin, Mami - a lot of heat around it and its ran to 10M, been watching it and I'm unsure tbh especially after Hulk Hogan robbed a lot of people this morning with his token but this could work out so I just threw something small in on the rare chance this is a beta play of Mother with Iggy. Entry was justttt under 9Mcap - who knows on this one - currently 10.5M https://dexscreener.com/solana/3pzt6ywa8h4fq2j2ewdf8l9on6zvhsbzvl8fefssglhf

And of course, as a reminder we opened the private group to new members! It’s been a very solid week, and if you want to join and get access to all our calls, trade alerts and analysis in real-time hit the poll below and we’ll reach out!

LITTLE BITS 😎

Reminder……

Load me uppppppppp. Think long term not just about today

How to taste whisky with Richard Paterson… hilarious and I needed it haha

Iggy Azalea being the greatest degenerate founder was just not on my bingo card this summer but sweet jesus I’ll show respect🤝… weird volume all of a sudden though so let’s see what happens

Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during a glitch will have their deals cancelled by the NYSE

Did you see this??? The shares dropped by 99% due to a glitch, and they wont even honour it! Wouldn’t happen on-chain!

Citadel fund loses money for the first time in a long time

Can Bill Ackman Cash In on His Growing Fame? The billionaire investor’s profile has soared on social media. That could help him grow Pershing Square, his financial empire as he’s taking the firm public.

This is essentially a memecoin, taking it public to profit from fame hahaha. I love it and I love Bill. First Iggy now Bill.

NOSTALGIA OF THE DAY

Wealth Building, Personal Finance Hacks & FAT FIRE

Four Lessons I Wish I Knew Before Starting My Own Business😎

Starting a business? Buckle up, because it's one wild ride. But we’ve got the lowdown on four crucial lessons to know before going solo so you can avoid the same rookie mistakes!

1. Self-Discipline: It's Tougher Than You Think

So, you’re your own boss now – congrats! But guess what? There’s no one to nag you about deadlines or performance reviews. At first, you relish the freedom. But soon, you realize you are turning 10-minute email checks into hour-long rabbit holes. The solution? Structure. I started scheduling everything. Weekly goals, daily tasks – you name it, it was in my calendar. What gets measured gets done, so set those KPIs and watch your productivity soar. Trust me, without a plan, your time will slip through your fingers.

2. Choose Your Clients and Partners Wisely

When I started, I took on anyone willing to pay me. Big mistake. Energy vampires and time-wasters aren't worth the hassle. I learned to fire clients who resisted my advice and ditched vendors who didn’t meet my standards. Now, I only work with clients who align with my values and partners who deliver quality. Don’t be afraid to be selective – your sanity and schedule will thank you.

3. Combat the Loneliness

Working solo can get lonely…….fast. I went from bustling offices to deafening silence.

 *Us building our empire (but with just slightly less cocaine👀)

To stave off loneliness, I started scheduling lunches with clients and colleagues and engaging more on social media. Sharing videos and participating in online discussions helped me feel connected. If you're feeling isolated, find ways to interact with others regularly. It’s essential for your mental health and productivity.

4. Build a Network of Peers

Early on, I saw other peers as competition. Big mistake. Networking with peers is a game-changer. You find incredible support and opportunities. Just recently, I joined a group which opened doors I didn’t know existed. Remember, there’s power in numbers – don’t shy away from building a strong network. It’s not just about competition; it’s about collaboration.

These four lessons have been game-changers for me, and they can be for you too. Starting a business is hard, but with discipline, the right partners, social connections, and a supportive network, you’ll set yourself up for success. Implement these tips, and your entrepreneurial journey will be much smoother.

Meme of the Day

That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)