Let's talk a little about ARIA. I entered a short position around 0.3027!
Some people asked at the time, “It’s pumped so hard—can I short at this price?” Of course you can. At first, I originally planned to open a short around 0.35.
The price climbed as high as around 0.32. Then, worried I’d miss the move, I entered early when it pulled back to around 0.302—and after that, it started to fall!
I didn’t exit when the position doubled, because my target was still a long way off. I expected it to drop another 20 or 30 points. Then it went on to double again. Honestly, at the time, it still looked like there was room for it to fall further.
But we exited early, around 0.247, and successfully doubled our money. The price eventually dropped as low as around 0.224. What does that mean?
It means that if we’d held until the low, we could have made another 2x. But we didn’t do that, because once greed takes hold, it’s hard to control.
If it really reaches 3x, won’t you start hoping for 4x, 5x, 6x, or even 10x? Of course you will. Look at now: the price is slowly recovering. Those who didn’t take profits in time after being advised to—are you giving back your gains?
People ask me, “Can I keep holding?” I say, “Get out.” Will they listen? The answer is: yes (but the odds are low). After all, I’ve already taken my profits, so they’re mine. If I give back those gains, doesn’t that mean I’ve lost money?
Those of us who already exited at 2x didn’t get greedy and wait for a higher price. Sure, we didn’t make that much, but it was still the hard-earned equivalent of a month’s wages for many of our friends, wasn’t it? $ARIA #ARIA
Some people asked at the time, “It’s pumped so hard—can I short at this price?” Of course you can. At first, I originally planned to open a short around 0.35.
The price climbed as high as around 0.32. Then, worried I’d miss the move, I entered early when it pulled back to around 0.302—and after that, it started to fall!
I didn’t exit when the position doubled, because my target was still a long way off. I expected it to drop another 20 or 30 points. Then it went on to double again. Honestly, at the time, it still looked like there was room for it to fall further.
But we exited early, around 0.247, and successfully doubled our money. The price eventually dropped as low as around 0.224. What does that mean?
It means that if we’d held until the low, we could have made another 2x. But we didn’t do that, because once greed takes hold, it’s hard to control.
If it really reaches 3x, won’t you start hoping for 4x, 5x, 6x, or even 10x? Of course you will. Look at now: the price is slowly recovering. Those who didn’t take profits in time after being advised to—are you giving back your gains?
People ask me, “Can I keep holding?” I say, “Get out.” Will they listen? The answer is: yes (but the odds are low). After all, I’ve already taken my profits, so they’re mine. If I give back those gains, doesn’t that mean I’ve lost money?
Those of us who already exited at 2x didn’t get greedy and wait for a higher price. Sure, we didn’t make that much, but it was still the hard-earned equivalent of a month’s wages for many of our friends, wasn’t it? $ARIA #ARIA
