Razzmer put $20,000 into Mars coin at a $3 million market cap, a size he admits he has never taken into anything that low, telling himself that if Binance shows the token it goes to $300 million — 'It's 100X, so it's worth the risk.' He is 'up 250 or something,' his best P&L ever on FOMO, and sold $70,000, one third of his position, after the first big catalyst, realizing gains at a $40 million market cap before the coin dipped to $29 million. He says he would buy it again at $30 million or even $60 million, and has stopped selling while Binance and Robinhood tweet its contract address.
Razzmer frames Mars coin as the flagship of a tokenized-stocks competition spanning Binance, Banker's effort on Robinhood Chain, and a launchpad the transcript renders as 'Solana 2' (as-transcribed). Robinhood Chain's number one and two stock volumes are Nvidia and GME while Binance's number one is SpaceX, and he cites GME's run to $200 on chain before arb closers dragged it back to $20. SpaceX unlocks arrive within the next week or two, and he has hedged with $15,000 in a Chinese slogan ticker (as-transcribed) at an $11 million market cap — about 10 to 12 percent of his Mars coin exposure, he estimated — betting Binance may accumulate the cheaper listing first.
Razzmer recounts a morning conversation with Logan Lim, now number four or five on the all-time leaderboard after his Cash Cap trade: five years of trading, net negative until that very morning, and one trade put him in the money. Lim, who joined FOMO about a month ago and trades with nobody, is his proof that five years feels like a very normal amount of time to make it as a trader.
Razzmer believed Wolfgame would make him seven figures in late 2022, then round-tripped about $160,000 down to roughly $8,000 while unemployed out of USC and earning near minimum wage; a $2 million target, he says, hurt his trading — he should have sold half. Following Ansem in late 2023, he moved to Bonkbot and turned $8,000 into about $30,000 within a couple of months, then $30,000 into $100,000 and beyond. He still bristles at the 'LMAO, this guy's celebrating $11,000 P&L' reply to a perps screenshot.
Flood's mantra, 'always be selling,' is the most valuable concept Razzmer says he has internalized: if a $15,000 position runs to $20,000, sell $5,000 — and Flood once spent a full hour on the phone telling him to sell his HYPE. He avoids minus-60-percent whips by selling at minus 20 and rebuying, and sold heavily into HYPE after the first perp was legalized on Kalshi, the kind of catalyst Rowdy taught him to trade around in a 45-minute call. Frank, he notes, is locked in 24/7 and only sells when he sees something he does not like, though he put the phone away for the entire Spider-Man movie.
Razzmer argues a trader needs a group: the Robinhood insider wallet that surfaced was public on chain and reached roughly 20,000 people, but only a group would send it to him. He has been in PN for a year and a half — about 70 members, with hundreds removed — follows 150 people on FOMO, and treats unaffiliated whales appearing in the same token, like Dip Wheeler and Frank, as signal. On clans, he faded them yesterday but may now make one for his Twitch chat, prioritizing loyal early chatters, Ethan, and ref-code users.
His top four traders are Flood, who called the global memory top; Ansem, who was first to call the bull market; Rowdy, who introduced catalyst-based trading; and Mando, a swing trader hunting 40 percent moves — with Uber Mendez, Trader Powe, and Frank rated as signal. At the poker event he credits luck but says he played the table: the player transcribed as 'men' pushed all-in with 4,000 chips, and Razzmer lost about 30,000 on that call, while he rates the player transcribed as 'Ansel' the best at the table. He still regrets not hedging his LeBron bet with the Sixers, calls social media his deepest passion, and the host, 66 episodes in, wants a thousand.