Locked and Loading

• UNH (Abe): $275 calls expiring 5/23 had a gain of 175% +

• UNH (Abe): $280 calls expiring 6/20 had a gain of 183.92% +.

• CELH (Abe): $40 calls expiring 6/6 had a gain of 65.98%+.

• CMG (Abe): $53 calls expiring 5/30 had a gain of 158.14%+.

• NNE (Abe): $27 calls expiring 5/23 had a gain of 119.49%+.

• TTWO (Abe): $232.5 calls expiring 5/16 had a gain of 32.58%+.

• SOXL (Abe): Spot long position under $10 currently has a gain of over 80%

• TSLL (Abe): Spot long position under $9 currently has a gain of over 65%

• FARTCOIN (Abe): Leveraged long position called at 1.4 and closed at 1.65.

• TMC (Donny): Called back in late April NL at $2.80 and then again at $2.40 for an average entry of ~$2.60. Stock broke out on Monday on strong volumes following a feature in a WSJ article, climbing +22% and is now +73% unlevered on our entry price.

• MOVR (Fox): The newsletter-short from last week hit entry at 7.507 and ran down to a local low at 6.821, for a 9% unleveraged move.

• BONK (Fox): The newsletter short from last week hit entry at 0.02073 and ran down to a local low at 0.018601 for a 10% unleveraged move.

• INJ (Fox): The newsletter-long from last week hit entry at 12.07 and ran up to a local high at 12.681 for a 5% unleveraged move.

• AVAX (Fox): The newsletter-long from two weeks ago hit entry at 22.532 and ran up to a local high at 23.855 for a 6% unleveraged move.

• BTC (Daniel): Bids at 102700, 102100, 101700 moved up to our first TP level of 107000 so far for a 4.5% move. 

• VIRTUAL (Daniel): Longed 1.89 and closed 1.93 for a scalp live in chat within about 2 hours. 

• VIRTUAL (Daniel): Longed 1.96 and closed 2.00 for copiers. 

• FARTCOIN (Daniel): Longed 1.22 and closed 1.254 for copiers. However, the copy account is choppy due to price action. In profit nonetheless.

The Tech Doesn't Matter

If you've been around crypto for a while, you're probably familiar with the people obsessed with projects because of the "tech" behind them. Funnily enough, they're the loudest when the price is down. 

You see, crypto is not some high-level tech sector filled with the next big thing; in fact, 99.9% of everything launched in crypto is hot air, just neatly packaged. However, due to the sheer amount of garbage, even if you find something of quality, that doesn't mean it will see the adoption and price rise you might think it would.

The most obvious example is with Layer 1 Blockchains. Ethereum is terrible, yet it still holds the spot for the largest chain. Even Solana, which attempted the #2 spot in crypto, is still worse tech-wise than many smaller chains.

This even applies to regular tech businesses. Netflix, YouTube, Crunchyroll, Amazon, etc., are winners in their space, yet the tech behind them is mediocre.

You've already lost if you consider a project solely because of the tech. You should evaluate user metrics, revenue, product market fit, and, most importantly, the chart.

Fundamentals are fun, but for most, "investors” are just “copium” to deal with the fact that they made a terrible investment. Sure, bro, keep telling others about how good Cardano's tech is when it has underperformed the market for 4 years+ now and has 0 users.

If your chart doesn't support your thesis, none of it matters. It doesn't matter if it looks like the next Amazon. If the chart dumps vertically down, the market doesn't agree with you. The market decides what's valuable and what's not; in crypto, that is 99% just speculation.

So here's what you do if you want to look at project fundamentals.

1. Check for real user numbers, specifically Daily/monthly Active users—not wallets, sign-ups, or downloads. How many people come back each day to use their product?

2. Look for fees/revenue/profit. If it's a business like Hyper Liquid that, while "decentralized," has a solid business model, then you're usually in a good place.

3. See if there are any buybacks or burning mechanisms. With stocks, you own part of a company, so the shares have inherent value. In crypto, you could have a great business, but its token is worthless because it serves no purpose, and none of this profit ever returns to the holders. Having some form of buybacks usually helps support the price.

4. Inspect the tokenomics. How were tokens allocated? Quick unlocks with 80% of the supply going to VCs who want to sell are shite. A slow release to active community members with a low FDV/MCAP ratio is solid.

5. Finally, and most importantly, look for charts trending up or in a neutral market structure. There should be no strong, clean downtrends. These other factors won't matter if people sell, sell, sell.

TL;DR: Stop hoping your project will return because the tech is good. Look at the real fundamentals and the actual chart behind your investment.

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