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
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