'AMA: i turned $16k to $20,000,000+ on a single memecoin trade (and more crazy trades)' my AMA with r/CryptoCurrency, the largest crypto Reddit community with 9.9 million members, has concluded i got over 600 comments, which makes my AMA one of the most active they've ever done i will be publishing the AMA questions and answers in this thread over the next 24 hours Question 1: 1. Hey Unipcs, I’m blown away by your $16k to $20M $BONK trade! What was the one moment where you felt the most nervous, and how did you push through it? 2. Your USELESS coin and FARTCOIN trades are wild! How do you decide when to hold or sell, especially with all that volatility? 3. I’m new to memecoin trading—any quick tips on managing risk when using leverage like you did with $BONK? 4. What’s the craziest lesson you’ve learned about trading psychology from your high-stakes trades? With all these epic wins, are you eyeing any new memecoins right now that you think could be the next big thing? 5. Explain your leverage strategy? Thanks you for creating this medium for us to ask questions. Answer: 1. tbh i haven't had a moment where i've felt very nervous with my $BONK trade for a few reasons: i) this is not my first cycle, so i'm very familiar with the memecoin game and understand the volatility that tends to come with it ii) i've long trained myself to regard every single cent i invest into memecoins as disposable capital iii) my conviction on BONK is based on a strong analysis of its fundamentals, so i've never doubted its long-term trajectory 2. i understand that it might be difficult for most people to hold through volatility, but i have the experience of having traded across multiple cycles in my favor e.g. last cycle i got in early on SHIB, invested 4 figures, watched it do thousands of percentages, held in hopes of more gains without having a strong thesis or conviction, and then saw it crash 90% all of a sudden. i eventually sold for about 2x of my initial investment IIRC. if i had held for just a few more months, my SHIB bags would have been worth over $10 million. i've seen this story play out with a lot of memecoins across cycles, not just SHIB, so i'm kind of used to it USELESS has been through insane volatility, with someone here on Reddit even asking why it was dumping after my AMA started... but that is the memecoin game. they pump aggressively and pull back aggressively, but if you have a strong thesis and the fundamentals are in favor of it playing out, you should simply ignore the short-term price movements until your thesis plays out i've said my target for USELESS is multi-billions, so any form of short-term volatility until that plays out is noise as far as i'm concerned 3. my best advice is to not use leverage if you're new to memecoin trading 99% of people lose money trading memecoins on leverage success stories like mine might look glamorous on the outside, but for every case like mine, there are thousands of people who have lost a lot of money trading leverage... only to watch as the project they were leverage trading skyrockets after they get liquidated like i said earlier, i'm not new to this game so i have a lot of experience... and even at that, i still get rekt by leverage sometimes 4. the craziest lesson i've learned is to not let emotions cloud my decisions i already explained my mistake with SHIB and how i lost out on potentially $10 million+ from a 4-figure trade. i've had many other instances like that, including this cycle... and i've regretted most. i've simply learned to form a thesis and stick to it unless it gets invalidated, and to ignore any noise, FUD, or short-term volatility until my thesis plays out 5. there is no 'leverage strategy' i simply use relatively low leverage on memecoins or altcoins i think have bottomed more often than not, i hit it big on a trade. for 99.9% of people, i strongly advise against leverage