WOW. Remember that time back in January? When I told you to long AUDIO? When it was at 20cents???
I knew Audius was an exciting project that traders would want to get in on... but I did not expect it pop off this quickly! Up 1425% percent since that post, completely ignoring the market's recent short term downtrend.
So how do you trade this?
Honestly, I don't even know. It's not in my strategy to buy pumping small caps at ATH, especially when I'm already long...
A sensible trader would tell you to take some profits... but a sensible trader would also have told you that a month ago lol.
I'm a pro of selling too early, and I'm sure glad I resisted that instinct this time around. Even if I do take some profits, I plan to hold at least 50% of my bag long term.
AUDIO might keep up this momentum for a while, but I think we all know that roller coasters must drop eventually... just don't ask me when that will be lol
happy trades and Viva L'AUDIO!!!
CD