Carousel Studio

Jaypee

@Jaypee_Sol

Starting liquidity provision on @MeteoraAG led to significant losses due to incorrect steps I took. With new LPers arriving, here are some do's and don'ts for new liquidity providers starting out 🧵👇

Apply Image

Jaypee

@Jaypee_Sol

1. Don’t start blindly Seeing lots of crazy pnl on x and discord is a good drive to start, but you might end up hating lping if you get in blindly without understanding what it all means

Jaypee

@Jaypee_Sol

2.Learn to earn @met_lparmy has made great guides to take you from being a beginner to a pro all for FREE Accessible on <a target="_blank" href="http://lparmy.com" color="blue">lparmy.com</a>.Filled with amazing resources to help you navigate lping. Also do well to watch past bootcamps available on meteora YouTube channel.

Jaypee

@Jaypee_Sol

3. Consistency As @memecoinassasin said “it’s not about the amount, it’s about consistency and percentages” take your time to build your wins, don’t be in a rush to get that 1000% pnl at once, adding up your small wins is also a huge win.

Jaypee

@Jaypee_Sol

4. Associates with others. A tree doesn’t make a forest. Do well to associate with other experienced and top liquidity providers. Join the lp army discord to stay connected and interact with the lp army. <a target="_blank" href="https://discord.gg/lparmy" color="blue">discord.gg/lparmy</a>

Jaypee

@Jaypee_Sol

6. Avoid fomo One of the biggest loss I has was getting into a runner late and it didn’t end well As @lochiejarvis201 said “if you are late don’t ape” avoid fomo and stay active for the next runner.

Jaypee

@Jaypee_Sol

5. Know when to take a break: Having back to back looses and no significant win ? Maybe a time to take a break but not a stop. it’s a moment to reflect and strategize what went wrong and how to make a good comeback.

Jaypee

@Jaypee_Sol

If you find this useful, do well to share and follow for more. Keep Lping and printing 🪖❤️