it's been a long time since i last posted any PnL
my last $FARTCOIN PnL update was in June, which was three months ago
at the time, i posted my FARTCOIN PnL which was ~$4.5 million โ i.e. down almost $4 million from its peak of $8 million+
so where do things stand now?
my FARTCOIN PnL is currently worth ~$4.3 million (yes, i'm still holding!)
that's down ~$150k from 3 months ago, but you could pretty much say my PnL has more or less ranged at $4 million give or take a few hundred thousand for the past few months
of course, that's not taking into account the funding... and i've paid quite a lot so far (-$933,369.79 in funding as of today)
many have screamed from the rooftops that i should take profits for a long time now... but these people miss the technicality of my kind of trade
i'm not a short-term trader, and i very rarely trade volatility
instead, i focus on finding assets that i believe are extremely undervalued, i build a thesis for trades around these assets, and i hold with conviction until my thesis plays out. i also believe that this is the best way to win the memecoin game!
$FARTCOIN is one such trade
as is $USELESS
and of course as is $BONK, which is my signature trade
i'm posting this updated PnL here because i feel it in my gut that we're getting very close to the stage where memecoins start to go full-blown parabolic
i mean assets like $FARTCOIN, $USELESS, $BONK, etc
even more so because i believe this is SOL season, and i expect SOL memecoins to outperform from here on out... and the above three assets in particular!
i think the move in these assets will be swift and aggressive, leaving many bears sidelined and in pain
so far, i've held my FARTCOIN long from a little over $300k to $1 million to a few millions to $8 million+ ATH and now back to $4.3 million
i expect my next PnL update to be when this trade hits 8 figures โ i.e. over $10 million, God willing
and i expect that it won't be long before that happens
until then, i have a message for you:
the aggressively explosive, parabolic move for memecoins has NOT yet happened... but it is still coming. do not get shaken out of our high-conviction memecoin plays before the real move starts!
we're all gonna make it
GOD WILLING