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- We're up over 460% on this trade. Here's what to do now
We're up over 460% on this trade. Here's what to do now
Introducing the Moonshot Ride
When I first started talking about $AI16Z, the coin was trading at around $0.33. As of this writing, it trades at $1.85 which is a 460% gain.
Remember, it’s only been 6 weeks and I believe we go higher from here.
In my latest update (you can find it here) I briefly explained why I liked it and why I decided to cover it in Moonshot Minute.
Today, I will explain my next move and why I think you should do the same if you want to.
In case you missed it, I put $30,000 into this trade. Here’s the screenshot showing my purchases on November 18 and 19:
Originally, I wanted to buy $100,000 worth, but $AI16Z had a bit of a rough start.
Shortly after launching, negative stories popped up about one of the founders. I don’t recall the specifics, but the bottom line is they did something dumb, the internet mob didn’t like it, and people started selling.
I still had conviction in this trade, so I didn’t sell, but I didn’t want to put any more capital at risk.
I only bring this up because you’ll experience many “coulda, shoulda, woulda” moments, and it’s important to remember you won’t always get it right.
The goal here isn’t to perfectly time every trade. The goal is to concentrate as much capital as you feel comfortable with into the highest conviction ideas.
And in this case, I decided to slash the amount of capital to put in because I wasn’t sure if the initial negative stories had any merit.
Now That We’re Up 460%, Here’s What To Do Next