QAnon is a conspiracy theory about how Trump will overturn the supposedly existing conspiracy that’s holding him back. Its appeal demonstrates that Uscinski and Parent are paradoxically right: Conspiracy theories are for losers. Trump supporters’ fixation on QAnon shows that they really don’t feel like they’re winning, even as they hold the reins of power. The mystique of QAnon is yet another example of how Trumpism is built on the politics of resentment.