Qwerty's Quants

Regarding $PENGU, this is a drop that I have been mentally preparing since the second LUCA announced it, there's a lot of hindsight games to play but at the end of the day I built a thesis and I am sticking to it

The first screenshot are my buys, bids got filled instantly at 3.8b MC, I put in 1.2 million dollars, I went up 60% got euphoric and didn't think about selling anything

That screenshot was taken near the respective top and would've been 700k+ profit if I chose to sell

But unfortunately my long term vision interrupted what the best play in the heat of moment was which was to sell and find a entry back lower towards the bottom of claims

I had no idea that the claims were going to be as widespread and slow to come as they were and honestly I think If I had more time to get on top of the claims I could've performed better but I think a combination of not understanding how much sell pressure was about to happen to the coin and getting caught in euphoria completely blinded what I needed to do

So at these prices I'm down around 1500+ sol but I definitely don't plan on selling, you may call me retarded but I actually bought more down here

Idk it's weird, something a few months ago completely changed in me as a trader and sometimes it's beneficial like being able to hold day long narrative runners to multiple mils or even 10s of mils but I feel like I genuinely lost my ability to sell coins

It always feels like everytime I touch a coin I have to go for the craziest make it play because of all my previous fuck ups, I got 1% of goat early on, I had 1% of a coin called FAI on base the other day where I jeeted stone cold bottom to watch it run to 80m the next 2 weeks, I had 1% of nomnom at 90m and didn't sell a fucking penny, PNUT, etc and so many others, everyone has terrible jeets and bagholds

And upwards to this point, I have not had the breakthrough play I really wanna hit where its a multi 7 fig jawn

So my brain has become super skewed to think that every single play I'm in needs a be a multiple of my port or a certain number and it's become super destructive in my trading tbh I've realized

And so with Pengu, it just wasn't at the marketcap I think I thought it was gonna be heading towards and my thesis remained so sadly I didn't think of selling

So that's where we are at, this isn't meant to be a sob story I'm kinda just thinking out loud so I have something to reflect on, I can sell right here take like a 350k loss and move on which honestly could be worse, I know I'll be able to get that back but that brings me into my next point if you're still reading

I am not selling, nothing about this coin has changed for me, I feel safe somehow idk why or what but I'm done being scared of what happens if my plan doesn't work out

I feel like I'm investing in Luca to take care of me and I really don't think that's a bad idea, dude has massive plans and just deployed like the largest airdrop cryptos ever seen andit feels like a cycle winner

It's like a BONK esque coin but it starts in the billions so if I hate rally happens ? Yea thats the goal 🙏

I'll still be in the trenches, but I'd be lying if I said that I'm not a little disheartened by my performance today and might be taking a small break to think things over

(Plus I'm sick and still have a final to take)

If you're in Pengu w me it's gonna be a long journey (or not, who knows) but I'm in it for the long haul

This isn't a coin that's only gonna ATH once

Currently being driven down by an insane botting pool

WOW

Study this, it is very important.

Compliments for introducing this https://x.com/sershokunin

Holy shit lol...

These are the type of rotations that happen and you need to be super early for 2 reasons

1. You never know when the music stops I.E there could literally not be a single nother coin (unlikely) to cook on HL and if you weren't there you just full on missed it

2. When it becomes increasingly more consensus you know you were there in beginning, your entries are golden and you get to time the exit better when the music starts slowing down

Same thing happened with TRX and there was like a 2-3 day period where you could make a ton of money

Personally think you should be on hyperliquid regardless, but now is a good time to trade before max dilution happens and charts look like this

Feels like were bout to get back in that mode again, can you feel it ?

Free money bout to be everywhere again, we just have to pick it up