$LUMIA This chart today has my blood pressure climbing right along with the price: +25.65%, currently at 0.1032, with a high of 0.1395.
Just last week I was telling everyone in the group to stay calm. Today, I quietly opened the trading screen, then quietly closed it again.
Why? Looking up, there’s barely any room left before 0.1395—not much meat on the bone. Looking down, 0.0819 is a long way off. This whole stretch in between is full of tables where people have already eaten their fill and left. The 208 million in trading volume is real, and plenty of money has poured in—but whose money it is, and whether it’ll stick around till the end, is what really matters.
The most nerve-racking thing about chasing a rally isn’t that it might not go up—it’s that even when it does, you still can’t sleep. You get up in the middle of the night to check the chart three times, then wake up in the morning to find your gains have vanished. If you’re quick on the trigger, burn 0.0819 into your brain: if it breaks below that, get out fast and don’t look back. If you’re slower to react, just wait patiently for a pullback. Don’t watch everyone else cash in and rush in yourself just to get left holding the bag.
#LUMIA
Just last week I was telling everyone in the group to stay calm. Today, I quietly opened the trading screen, then quietly closed it again.
Why? Looking up, there’s barely any room left before 0.1395—not much meat on the bone. Looking down, 0.0819 is a long way off. This whole stretch in between is full of tables where people have already eaten their fill and left. The 208 million in trading volume is real, and plenty of money has poured in—but whose money it is, and whether it’ll stick around till the end, is what really matters.
The most nerve-racking thing about chasing a rally isn’t that it might not go up—it’s that even when it does, you still can’t sleep. You get up in the middle of the night to check the chart three times, then wake up in the morning to find your gains have vanished. If you’re quick on the trigger, burn 0.0819 into your brain: if it breaks below that, get out fast and don’t look back. If you’re slower to react, just wait patiently for a pullback. Don’t watch everyone else cash in and rush in yourself just to get left holding the bag.
#LUMIA