Uncle Hugo

everyone wants a meme that goes to a billion, but nobody wants to hold it in the early stages when it goes from 1M to 12M, then back to 7M, then to 3M, then 8M, then 4M, doing nothing, going sideways, looking dead, making everyone doubt it. that’s the part people don’t want. you don’t catch a monster meme if you can’t live through the ugly part.

study conviction study uncs if you ever airdrop supply to anyone - choose a guy like this

Probably goes to ath and beyonndddddd /uncmode

On Cutting Losses Large losses are almost never bad luck, but hidden weaknesses in your process that the market eventually exposes. A position that goes badly wrong and you kept holding onto the whole way down (because it will go up again, right?) usually has warning signs you either missed or chose to ignore. Bundled supply you didn’t check, a thesis that was weaker than you told yourself, a size that was too big for the conviction you actually had. When a loss happens, the two most common reactions are both wrong. The first is to size up on your next trade and try to win it back quickly. This works sometimes, which is exactly why it’s so dangerous. It reinforces the revenge trading habit that will eventually leave you with nothing. The second is to stop trading entirely out of fear, which means you never rebuild and the loss defines you permanently. The correct response is neither. Accept that what happened is in the past. Identify the precise failure. Was it oversizing, no exit plan, ignoring red flags, emotional entry, not managing the trade when new bearish info came out? Clear the fog around that trade in your head. Convert that specific pain into a specific rule. Not a vague “I’ll be more careful” but a concrete constraint: “I won’t hold on to my complete position if I see some kinda bearish news. Even if I’m unsure about the news, I’ll reduce my position and sell some.” “I won’t size above X% of my portfolio on a memecoin under 500K mcap.” Whatever the actual failure was, make it into a rule that fixes it. Then detach from the loss and move forward with that. You are not trying to make the money back. You are trying to make money. Those are completely different mental states, and only one of them leads to good decisions. Have hard rules around your stops. If you buy a coin and it drops 40% with no new information to explain the drop, that might be the market telling you something you don’t know yet. Respecting a stop loss feels like admitting you were wrong. It is admitting you were wrong. And that’s exactly the skill that keeps you in the game long enough to be right when it matters. Don’t let your ego make you lose any more money. There are no perfect traders out there.

$UNC had the first explosive move. Now we’ve spent 2 weeks consolidating and sellers can’t even push it lower anymore. Usually that means one thing. Just a matter of time. /uncmode

I’m definitely an unc now, looking at buying an expensive mattress to mitigate/alleviate lower back and neck aches.